Online Course Guide of WHU –

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Please use the filters below to select the term (spring or fall) as well as the respective program (BSc, MSc, MBA, Exchange, Doctoral) of your choice for an overview of all modules offered at WHU. The courses are listed under the modules. Please click on a module to see which courses are part of it. If you would like to find out more about a certain course, click on the name of the course to see detail information. The location of the lecture will be revealed after your course registration on myWHUstudies.

Spring term counts from January - August, fall term counts from September - December.

Important for Exchange Students: As the Full-Time and Part-Time MBA Programs utilize a modular course structure, the dates on which students begin and end the exchange are flexible. Please find here a chronological overview of the preliminary course offering for Fall and Spring.

Fall 2022  ›  Bachelor of Science in International Business Administration  ›  5th Semester  ›  Financial Markets

Money, Banking, and Financial Markets

Course Code:
Prof. Dr. Ralf Fendel
Course Type:
BSc Course
Week Hours:
Fall 2022
(Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.)
  1. The Structure of the Financial System
  2. Interest Rate Determination
  3. Functioning of Financial Markets
  4. Role of Financial Institutions and Financial Intermadiation
  5. Central Banks
  6. Money Creation and Monetary Policy
  7. Regulation of Financial Markets
Monday, 05/09/2022
08:00 AM till 11:15 AM
Thursday, 15/09/2022
08:00 AM till 11:15 AM
Thursday, 22/09/2022
08:00 AM till 11:15 AM
Monday, 26/09/2022
08:00 AM till 11:15 AM
Friday, 07/10/2022
11:30 AM till 03:15 PM
Thursday, 13/10/2022
08:00 AM till 11:15 AM
Students will be able to understand and analyze the developments in the financial markets. They will learn how prices are formed in the financial markets and what influence central banks have on them. They will gain the competence to anticipate future developments in the financial markets and to assess risks. This will enable them, for example, to make competent investment decisions.
Cecchetti, S.G., and K.L. Schoenholtz, 2021: Money, Banking, and Financial Markets, 6th edition, McGraw-Hill
Lectures, Problem Sets, Classroom Discussion
Written Exam
Principles of the Market Economy