moodle.lmu.de: All courses

Financial Risk Management 2026

The course introduces the theoretical and empirical concepts of modern finance that are relevant for risk management (RM). The course seeks to deepen the understanding of why risk management is beneficial by applying classic decision theory to investment and risk management problems. The course is also concerned with market risk, covering different measures of risk and return, as well as portfolio theory and common asset pricing techniques. Furthermore, concepts and instruments like derivative securities, hedging, and insurance are discussed.

Finance & Decisions SS 26

This provides an introduction to decision theory and the fundamentals of capital markets and combines theoretical approaches with practice-oriented applications. In the area of decision theory, the focus is on decisions under uncertainty, including the structure of decision problems and the analysis of individual preferences, the uncertain environment and the level of information. It is shown how changes in these factors work within the framework of expected utility theory and how these concepts can be applied to economic decision problems, particularly in the insurance industry. In addition, the module teaches basic theoretical concepts of capital markets as well as an introduction to the most important financial instruments. Students acquire skills in dealing with financial issues and learn to apply the theories they have learned to real economic contexts.

Teacher: Leonard Külpp

Case Studies in Enterprise Risk Management SS 2026

This course discusses how firms identify, assess, manage, and communicate risks across the organization. It introduces students to the foundations of Enterprise Risk Management (ERM) and shows how ERM supports strategic objectives and value creation for firms and stakeholders. It combines self-directed study, case-based classroom application, a risk management simulation, and direct interaction with industry professionals through company talks and corporate visits. Students also analyze a real company’s risk profile and reflect on how risk management is practiced in business settings.

Teacher: Leonard Külpp

Aktuelle Entwicklungen in der Altersvorsorge WS 25/26

Teacher: Leonardo Covis

Behavioral Decision Making WS 25/26

Teacher: Johannes Maier

Insurance Management WS 25/26

This course provides an introduction of the economic foundations of the insurance business. Managerial questions along the value chain of insurance providers will be analyzed. Current developments will be explained and economic interrelation will be discussed. Among the topics to consider are institutional foundations, insurance regulation, insurance distribution as well as current issues like the digital transformation of the insurance sector and the handling of cyber risks.

Main Objectives

Getting to know the central institutional characteristics of the insurance sector and their impli-cations for its management.
Become familiar with the regulatory framework of the insurance business.
Be aware of key developments and challenges arising from new technologies and risks and their economic significance for the industry.

Teacher: Johannes Maier
Teacher: Kerry Mccabe

Finance & Decisions WS 25/26

This provides an introduction to decision theory and the fundamentals of capital markets and combines theoretical approaches with practice-oriented applications. In the area of decision theory, the focus is on decisions under uncertainty, including the structure of decision problems and the analysis of individual preferences, the uncertain environment and the level of information. It is shown how changes in these factors work within the framework of expected utility theory and how these concepts can be applied to economic decision problems, particularly in the insurance industry. In addition, the module teaches basic theoretical concepts of capital markets as well as an introduction to the most important financial instruments. Students acquire skills in dealing with financial issues and learn to apply the theories they have learned to real economic contexts.