Quantitative methods play a major role in empirical work in all fields of economics. Additionally, in particular in the fields of banking and finance, quantitative methods provide an important basis for the valuation of many strategic and operative decisions. This course offers a detailed description of modern quantitative methods. Technical details are supported by useful examples and practical applications which help the participants to extract the essential ideas. In combination with the other courses of the MBF, it allows to acquire the necessary competence in order to successfully manage key problems in banking and financial management activities.
The course comprises nine modules focusing on the following topics: basics in statistics and algebra (refresher), basics in simulation, mathematical optimization (with applications in portfolio theory), simple and multiple linear regression, maximum-likelihood estimation, discrete-time stochastic processes, continuous-time stochastic processes, factor model and principal component analysis, and panel data analysis.