Specialized block MSc

Master of Science
MSc Economics and Business Finance

The second block of study is specialized and consists of three educational modules which the student completes within his/her specialization. The specialization is taught in one training day. Students choose a specific date from a wide range of dates directly in the student section.

List of Specialized Modules

Creation of Financial Strategy


Financial strategy, as part of a company-wide strategy, is an important tool for managing a company’s finances. A well-prepared and regularly updated financial strategy is one of the basic pillars of a company’s prosperity. In this module, we will focus on the objectives of financial strategy, processes, tools and principles of creating long-term and short-term plans, as well as the basics of financial analysis in the company. The last topic is also investment decision-making, which plays an indispensable role in the development of a sound financial strategy.

Financial Analysis


Financial analysis is a tool for evaluating the past and present financial performance of companies. It also serves as one of the initial bases for the creation of a financial plan and subsequent determination of the value of the enterprise. Increasing the value of the enterprise as a whole is the main objective of enterprises in a market economy, and management in all areas should aim to achieve this. Completion of the module will provide a basis for practical implementation of financial analysis based on the most commonly used methods. The module introduces and explains horizontal and vertical analysis, working capital analysis, ratios and economic value added. Emphasis is placed on understanding the interpretation of individual indicators, their evaluation and especially the fact that performance is always relative.

Financial Law and Tax Aspects


Financial law is a separate branch of law, which represents a set of legal norms regulating the relations arising in the process of creation, distribution and use of the money and its parts. It is important to note that the subject matter of financial law is those financial relations in which the State acts or intervenes and which relate to the money or parts thereof. Relationships arising on a purely contractual basis are not subject to financial law, a rule to which there are, of course, exceptions.