Online Course Guide of WHU –

Find all modules and courses of our degree programs.

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.

Spring 2022  ›  Bachelor of Science  ›  Bachelor of Science - 2nd Semester  ›  Finance

Foundations of Finance, Group A-C1

Course Code:
Prof. Dr. Markus Rudolf
Course Type:
BSc Course
Week Hours:
Spring 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.)
This course covers the foundations of financial decision making. It focuses on investment decisions first under certainty and subsequently under uncertainty. It presents solutions to the optimal combination of risky assets in a portfolio and the determination of the market price of risk. Moreover, it provides an introduction to currencies and derivatives as well as behavioral finance.

  • Part I: Value
  • Part II: Bonds
  • Part III: Neoclassical Finance
  • Part IV: Derivatives and Currencies
  • Part V: Behavioral Finance
Tuesday, 11/01/2022
08:00 AM till 11:15 AM
Thursday, 13/01/2022
08:00 AM till 11:15 AM
Monday, 31/01/2022
08:00 AM till 11:15 AM
Thursday, 03/02/2022
08:00 AM till 11:15 AM
Thursday, 10/02/2022
08:00 AM till 11:15 AM
Thursday, 17/02/2022
08:00 AM till 11:15 AM
Investments under certainty and uncertainty, portfolio theory, Capital Asset Pricing Model (CAPM), currencies and derivatives, behavioral finance
Brealey, Richard A., Stewart C. Myers, and Franklin Allen (2019). "Principles of Corporate Finance - Global Edition", Irwin McGraw-Hill, 13th edition

Bodie, Zvi, Alex Kane, and Allen J. Marcus (2018). "Investments" formerly "Investments and Portfolio Management", Irwin McGraw-Hill, 11th edition

Thaler, R. (1999). "Mental Accounting Matters", Journal of Behavioral Decision Making Vol. 12, pp. 183-206

Secondary literature:

Copeland, Thomas E., John F. Weston and Kuldeep Shastri (2004): "Financial Theory and Corporate Policy", Addison Wesley Publishing Company, 4th edition

Lectures with case studies
Written exam