Ethics seems to be something subjective and something optional you can do but you don't have to do. If we analyze the logic of business, this first impression appears misleading.
Consider the case of Starbucks. The company were very pleased with the business in the UK and described it as profitable for many stakeholders but they did not pay taxes for years using legal tax avoidance tactics. This happened about ten years ago and led to a public boycott of the products with a long lasting harm for the company. Starbucks still suffers continuous public observation and criticism for their tax paying behaviour. Whatever they do, they are suspicious.
- Dozent/in: László Kovács
Corporate Governance is the legal and factual framework for the management and supervision of a company. Incomplete
contracts and differing interests principally provide opportunities for
stakeholders as well as motives for opportunistic behavior. In
this course we will discuss principles on corporate governance that
have the task of restricting the leeway and motivations of the actors
for opportunistic behavior through appropriate arrangements.
- Dozent/in: Stephan Zimmermann
Topics: In this class, we will look at financial economics from a microeconomic as well as a macroeconomic perspective. Furthermore, we will discuss policies related to financial economics issues. Regarding the microeconomic aspects of financial economics, we will address questions such as: What are the functions of financial systems? Which problems could arise and how can those be addressed? How do firms, institutions and regulatory agencies try to ensure that the financial system works? Why is the regulation of financial systems so important? With respect to the macroeconomic aspects of financial economics, we will address questions such as: How does monetary policy work and how does monetary policy impact financial markets and the economy? What are the effects of monetary policy tools such as quantitative easing? What kind of exchange rate system should a country chose and what are the consequences for monetary policy? In terms of policies related to financial markets, we will address questions such as: What are important institutions in the international financial system? Why can a financial crisis occur and what could be measures to deal with a financial crisis? Should central banks pursue green monetary policy? What are current pressing issues regarding global financial stability and by which policies can such problems be addressed?
Date: Wednesdays, 09:40-13:00, W3.05
Assessment and contribution to module mark: written exam
Credits: 4 SWS / 6 CPs
Lecturer: Prof. Dr. Maria Lehner
- Dozent/in: Maria Lehner