Finance in Practice – Learning motivated by application.

Prof. Dr. Lütkebohmert-Holtz / Prof. Dr. Schmidt / S. Gümbel / J. Sester
Tuesday 14-16, SR 127, Eckerstr. 1 


The seminar

Interdisciplinary learning with a practical orientation: This is the aim of the didactical project addressing students from the M.Sc. programs in Volkswirtschaftslehre, Economics, and Mathematics. Students from various fields are intended to solve practical problems together and to put them into practice. They shall work in small interdisciplinary groups on different projects. These projects are partially developed in cooperation with banks and insurance companies. In this way a situation comparable to later professional life is simulated. Moreover, the practical application of knowledge which was acquired during former studies will be promoted.
Results of the different projects are presented regularly during class by the participants and will be evaluated mutually. The working methods are project-based and interdisciplinary. The intention is to motivate the participants to private studies and to prepare them for later professional life.
The IDA workshop will take place in the summer term 2016 and will consist of work in small projects for the duration of 4x4 weeks in interdisciplinary groups of 4 persons. The tasks are proposed by the industry partners. Necessary specialized knowledge for the tasks will be taught in advance in block courses. If desired, special topics can possibly be pursued more intensively, for instance in a subsequent master’s thesis or an internship.


Course materials  will be available on the learning management system ILIAS of the university. The link below directly leads to the ILIAS site of the seminar: IDA-Seminar on ILIAS

The password necessary to register for the course on ILIAS will be given in the first meeting!


Block courses


Challenges in Financial Markets

taught by Prof. Dr. Uwe Wystup

The course takes place on Wednesday, 11th January, 2017 (11am - 7pm) and on Thursday, 12th January, 2017 (8am - 4pm) in the Fakultätsraum 427, Eckerstrasse 1.

You will find all the necessary information in the following PDF-file. As the number of participants will be limited, a pre-registration is required. Please send an e-mail to (wahid.khosrawi@stochastik.uni-freiburg.de).

Foundations of Behavioral Finance

taught by Dr. Sebastian Ebert (Tilburg University)

on July 8, 2016, 10:00 - 17:00, HS 1016 KG I

You will find all the necessary information in the following PDF-file. Information about the block course 'Foundations of Behavorial Finance'.

The course accounts for 4 ECTS points for students of M.Sc. VWL und M.Sc. Economics. For students of M.Sc. Mathematics, the course is expected to account for 3 ECTS points.

The final grade will be based on a mini-quiz in the beginning of the course and a referee report.

As the number of participants will be limited, a pre-registration until May 31st, 2016,  is required. Applications for the topics course including transcript and short CV can be sent to our secretariat. In the beginning of June the participants will get informed about the approval.


Project descriptions


Project by Landesbank Baden-Württemberg:

Development of a statistical test for the long-term calibration
of rating methods

Banks use credit ratings to forecast the likelihood of the debtor’s default. Generally mthis is about statistical methods. An important feature of the rating process, which must be reviewed regularly, is the so-called “calibration”, i. e. the adjustment of the techniques on the on average realized default rates. The statistical tests traditionally used for this show to have some weaknesses in application. Within the framework of the project an improved method is supposed to be developed.

Risk control at the Landesbank Baden-Württemberg
LBBW Landesbank Baden-Württemberg is both an universal bank and a commercial
bank with a regional focus (www.lbbw.de/en).




Project by risklab:

Strategic Asset Allocation

(Sarah Schönherr, Julian Wergieluk, risklab GmbH)

In this project we search and analyze efficient, long-term investment strategies.
This process usually is called strategic asset allocation (SAA) which consists in investment plans with a time horizon from some years up to several decades.
Such problems appear in practice in a multitude of situations. For instance if one has to fulfill financial obligations in the future – as in the case of pensions pools.
Within the framework of the project we will develop a SAA with a given initial portfolio. Special attention will be turned to the mathematical analyses as well as to qualitative considerations which lead to the final investment decisions.


risklab is investment and risk advisory expert as well as the Competence Center for Risk Management of Allianz Global Investors, the global asset management unit of the Allianz Group.




Projects by Beneficious Investment Management:


1. How To Discover And Trade Co-Integrated Pairs/ Triplets Of Stocks
This project is aimed at creating market neutral statistical arbitrage investment strategies through analyzing pairs/triplets of stocks and ETFs that exhibit long run cointegration relationship. Identification process might be based on econometric models or deductive approach of determining the fundamental ties between companies. Strength of the ties will be further verified through statistical methods.

2. How To Find Out Tradable Flaws In Exchange Traded Funds.
This project analyzes various ETFs in order to identify structural flaws inhabiting in their design. Observation as well as econometric methods will be used to understand design and structure of ETFs. The research aims to identify the extend to which the flaws could be economically exploited.

Beneficious Investment Management
Beneficious Investment Management provides asset management services and financial advisory in the U.S.



Project: Analysis of trading strategies for specific asset classes

No information due to privacy reasons.




The course is open for students of  M.Sc. Economics,  M.Sc. VWL as well as M.Sc. Mathematik.

In M.Sc. Economics, the topics course can be credited in the profile "Finance".

In M.Sc. VWL the course can be credited in Accounting, Finance, and Taxation (new examination regulations, valid from winter term 2014/15 onwards).

Students of M.Sc. Mathematik can credit this course as an elective in economics (wirtschaftswissenschaftliches Wahlpflichtmodul) within the profile "Finanzmathematik" or as an elective (Wahlmodul).


Alle Informationen gelten vorbehaltlich der Genehmigung durch den Fakultätsvorstand.



Registration until 02/08/2016

A registration for the IDA-workshop in the summer term 2016 is possible until 02/08/2016. Please send the application, attached with

  • Letter of motivation
  • CV
  • Course of studies, year of study
  • Overview on credit points

to one of the course assistants, Sandrine Gümbel or Julian Sester.

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