Training that will elevate your skills to the highest professional level, with up-to-date information on the latest business techniques and approaches"

Why study at TECH?

TECH is the world's largest 100% online business school. It is an elite business school, with a model based on the highest academic standards. A world-class centre for intensive managerial skills training.   

TECH is a university at the forefront of technology, and puts all its resources at the student's disposal to help them achieve entrepreneurial success"     

At TECH Global University

Innovation

The university offers an online learning model that combines the latest educational technology with the most rigorous teaching methods. A unique method with the highest international recognition that will provide students with the keys to develop in a rapidly-evolving world, where innovation must be every entrepreneur’s focus. 

"Microsoft Europe Success Story", for integrating the innovative, interactive multi-video system.  

The Highest Standards

Admissions criteria at TECH are not economic. Students don't need to make a large investment to study at this university. However, in order to obtain a qualification from TECH, the student's intelligence and ability will be tested to their limits. The institution's academic standards are exceptionally high... 

95% of TECH students successfully complete their studies.

Networking

Professionals from countries all over the world attend TECH, allowing students to establish a large network of contacts that may prove useful to them in the future.

100,000+ executives trained each year, 200+ different nationalities.

Empowerment

Students will grow hand in hand with the best companies and highly regarded and influential professionals. TECH has developed strategic partnerships and a valuable network of contacts with major economic players in 7 continents.    

500+ collaborative agreements with leading companies.

Talent

This program is a unique initiative to allow students to showcase their talent in the business world. An opportunity that will allow them to voice their concerns and share their business vision. 

After completing this program, TECH helps students show the world their talent. 

Show the world your talent after completing this program. 

Multicultural Context

While studying at TECH, students will enjoy a unique experience. Study in a multicultural context. In a program with a global vision, through which students can learn about the operating methods in different parts of the world, and gather the latest information that best adapts to their business idea. 

TECH students represent more than 200 different nationalities. 

Learn with the best

In the classroom, TECH’s teaching staff discuss how they have achieved success in their companies, working in a real, lively, and dynamic context. Teachers who are fully committed to offering a quality specialization that will allow students to advance in their career and stand out in the business world. 

Teachers representing 20 different nationalities. 

TECH strives for excellence and, to this end, boasts a series of characteristics that make this university unique: 

Analysis

TECH explores the student’s critical side, their ability to question things, their problem-solving skills, as well as their interpersonal skills.    

Academic Excellence

TECH offers students the best online learning methodology. The university combines the Re-learning methodology (the most internationally recognized postgraduate learning methodology) with Harvard Business School case studies. A complex balance of traditional and state-of-the-art methods, within the most demanding academic framework.      

Economy of Scale

TECH is the world’s largest online university. It currently boasts a portfolio of more than 10,000 university postgraduate programs. And in today's new economy, volume + technology = a ground-breaking price. This way, TECH ensures that studying is not as expensive for students as it would be at another university.   

At TECH you will have access to Harvard Business School case studies" 

The Advanced master’s degree in Finance is a tailor-made program that is delivered in a 100% online format so that students can choose the time and place that best suits their availability, schedules and interests. 

A program that takes place over 24 months and is intended to be a unique and stimulating experience that lays the foundation for your success as a manager and entrepreneur in the business financial sector. 

Our study plan will allow you to make an exhaustive tour through the deepest and most up-to-date knowledge of finance, so that you will be able to handle yourself fluently in this field" 

Syllabus

The Advanced master’s degree in Finance at TECH Global University is an intense program that prepares the student to face business challenges and decisions at both national and international levels. Its content is designed to promote the development of managerial skills that enable more rigorous decision-making in uncertain environments. 

Throughout 3,000 hours of study, a multitude of practical cases will be analyzed through individual work, which will allow you to easily acquire the necessary knowledge to apply it later to your daily practice. It is, therefore, an authentic immersion in real business situations.  

This program deals in depth with all financial areas of the company and is designed for managers to understand financial management from a strategic, international and innovative perspective. 

A plan designed for students focused on their professional improvement and that prepares them to achieve excellence in the field of leadership and business management. A program that understands your needs and those of your company through innovative content based on the latest trends, and supported by the best educational methodology and an exceptional faculty, which will provide you with the skills to solve critical situations in a creative and efficient way.  

This program takes place over 24 months and is divided into 23 modules:

Module 1. Strategic Direction and Management
Module 2. Management and Leadership Development 
Module 3. Management Accounting 
Module 4. Strategic Planning and Management Control 
Module 5. Financial Risk and Corporate Finance  
Module 6. Feasibility of the Inversions Project 
Module 7. The Economic Environment and Financial Markets 
Module 8. Banking Management 
Module 9. Financial Instruments and Markets 
Module 10. Financial Analysis and Planning 
Module 11. Financial Products and Banking Asset Products 
Module 12. Collective Investment 
Module 13. Financial Risk and Corporate Finance
Module 14. Financial Marketing 
Module 15. International Finance
Module 16. Startups creation and financing
Module 17. Social Science Research 
Module 18. Researcher's Tools
Module 19. Behavioral Economics
Module 20. Financial Economics
Module 21. International Trade Economics
Module 22. Industrial Economics
Module 23. Entrepreneurial Innovation and Initiative 

Where, When and How is it Taught?

TECH offers the possibility of developing this program completely online. During the 24 months of training, the student will be able to access all the contents of this program at any time, which will allow them to self-manage their study time. 

Module 1. Strategic Direction and Management

1.1. Organisational Design 

1.1.1. Organizational Culture
1.1.2. Organizational Structure Design
1.1.3. Competitive Advantage in Organizations

1.2. Cross-Cultural Management 

1.2.1. Cultural Dimension of International Management
1.2.2. Globalization in Business Management
1.2.2. Cross-Cultural Leadership

1.3. General Management 

1.3.1. Integrating Functional Strategies into the Global Business Strategies
1.3.2. Management Policy and Processes
1.3.3. Society and Enterprise

1.4. Strategic Management 

1.4.1. Establish the Strategic Position: Mission, Vision and Values
1.4.2. Developing New Businesses
1.4.3. Growing and Consolidating Companies

1.5. Competitive Strategy 

1.5.1. Market Analysis
1.5.2. Sustainable Competitive Advantage
1.5.3. Return on Investment

1.6. Corporate Strategy 

1.6.1. Driving Corporate Strategy
1.6.2. Pacing Corporate Strategy
1.6.3. Framing Corporate Strategy

1.7. Planning and Strategy 

1.7.1. The Relevance of Strategic Direction in the Management Control Process
1.7.2. Analysis of the Environment and the Organization
1.7.3. Lean Management 

1.8. Strategy Implementation 

1.8.1. Indicator Systems and Process Approach
1.8.2. Strategy Map
1.8.3. Differentiation and Alignment

Module 2. Management and Leadership Development 

2.1. People in Organizations 

2.1.1. Quality of Work Life and Psychological Well-Being
2.1.2. Work Teams and Meeting Management
2.1.3. Coaching and Team Management
2.1.4. Managing Equality and Diversity

2.2. Talent Management 

2.2.1. Managing Human Capital
2.2.2. Environment, Strategy and Metrics
2.2.3. Innovation in People Management

2.3. Management and Leadership Development 

2.3.1. Leadership and Leadership Styles
2.3.2. Motivation
2.3.3. Emotional Intelligence
2.3.4. Skills and Abilities of the Leader 2.0
2.3.5. Efficient Meetings

2.4. Change Management 

2.4.1. Performance Analysis
2.4.2. Leading Change. Resistance to Change
2.4.3. Managing Change Processes
2.4.4. Managing Multicultural Teams

2.5. Strategic Communication 

2.5.1. Interpersonal Communication
2.5.2. Communication Skills and Influence
2.5.3. Internal Communication and Comprehensive Communication Plan
2.5.4. Barriers to Business Communication

2.6. Negotiation and Conflict Management 

2.6.1. Effective Negotiation Techniques
2.6.2. Interpersonal Conflicts
2.6.3. Intercultural Negotiation

Module 3. Management Accounting 

3.1. Fundamentals of Management Accounting 

3.1.1. Management Accounting Objectives
3.1.2. Qualitative Characteristics of Accounting Information
3.1.3. Management Accounting Evolution

3.2. Management Accounting to Cost Accounting 

3.2.1. Elements of Cost Calculation
3.2.2. Stock in General Accounting and Cost Accounting
3.2.3. Expense in General Accounting and Cost Accounting
3.2.4. Costs Classification

3.3. Cost-Volume of Operations-Benefit Analysis 

3.3.1. Characteristics and Assumptions of the Cost-Volume-Profit Method
3.3.2. Break-Even Point
3.3.3. Safety Margin
3.3.4. Uncertainty Situations in the Cost-Volume-Profit Analysis

3.4. Information Systems and Business Intelligence 

3.4.1. Fundamentals and Classification
3.4.2. Cost Allocation Phases and Methods
3.4.3. Choice of Cost Center and Impact

3.5. Direct Costing 

3.5.1. Analytical Results of Direct Costing as a Management Tool
3.5.2. Fixed and Variable Costs: Classification
3.5.3. Semi-Gross Margin for Productivity Study
3.5.4. Analytical Balance Sheet Study

3.6. Budget Control 

3.6.1. Budget Planning and Control
3.6.2. Operational Budgets
3.6.3. Budgeting Methods
3.6.4. Budget Control and Deviations

3.7. Standard Costs 

3.7.1. Definition and Types of Standard Costs
3.7.2. Flexible Budgeting of Indirect Costs
3.7.3. Total Cost Center and Full Costs Model
3.7.4. Variances in Standard Costs Approach

3.8. Decision-Making in Management Accounting 

3.8.1. Production and Costs Organization for Decision-Making
3.8.2. Analysis of Economic-Financial Statements and their Impact on Corporate Decisions
3.8.3. Financial Information for Decision-Making in the Short and Long Term
3.8.4. Dealing with Uncertainty in Decision-Making 
3.8.5. Planning and Cost Analysis for Competitive Advantage

Module 4. Strategic Planning and Management Control 

4.1. Management Control 

4.1.1. Financial Policy and Growth
4.1.2. Information as a Management Control Tool
4.1.3. Management Control as a Planning and Management System
4.1.4. Functions of the Controller
4.1.5. Scope of Management Control

4.2. Financial Information and Management Decisions 

4.2.1. Financial or Legal Accounting
4.2.2. Analytical or Cost Accounting
4.2.3. Control Accounting

4.3. Treasury Management 

4.3.1. Accounting Working Capital and Working Capital Requirement
4.3.2. Calculation of Operating Cash Requirements
4.3.3. Credit Management
4.3.4. Management of Funds, Wealth and Family Offices

4.4. Cash Management 

4.4.1. Bank Financing of Working Capital
4.4.2. Organization of the Treasury Department 
4.4.3. Centralized Treasury Management

4.5. Planning and Control of Responsibility Centers 

4.5.1. Design of a Management Control System
4.5.2. Deviations in Management Control

4.6. The Strategic Planning and Formulation Process 

4.6.1. Formulation and Content of the Strategic Plan
4.6.2. Balanced Scorecard
4.6.3. Terminology and Basic Concepts

4.7. Organizational Planning 

4.7.1. Business Units and Transfer Pricing
4.7.2. Manufacturing, Production, Support and Sales Centers
4.7.3. Roles and Responsibilities of the Financial Management

4.8. Indicators as a Control Tool 

4.8.1. Scorecard
4.8.2. Number and Format of Indicators
4.8.3. Strategic Planning

Module 5. Financial Risk and Corporate Finance  

5.1. Financial Management and Corporate Finance 

5.1.1. Business Management and Value Creation
5.1.2. Capital Structure and Financial Leverage
5.1.3. Weighted Average Cost of Capital
5.1.4. Capital Asset Pricing Model and Other Models

5.2. Company Valuation Methods 

5.2.1. Dividend Discount
5.2.2. Flow Discount
5.2.3. Comparable Multiples

5.3. Corporate Operations 

5.3.1. Mergers
5.3.2. Acquisition
5.3.3. Mergers and Acquisitions
5.3.4. Tax Regime for Restructuring Operations

5.4. Studying Other Types of Companies 

5.4.1. Unlisted Companies
5.4.2. SMES
5.4.3. Family Businesses
5.4.4. Foundations and Non-Profit Organizations
5.4.5. Social Economy Enterprise

5.5. Strategy and Risk Control 

5.5.1. Management Control Systems
5.5.2. Risks and Internal Control
5.5.3. Review and Audit of the Control System
5.5.4. Financial Risk Management

5.6. Risk, Profitability and Indebtedness 

5.6.1. Economic Profitability and Financial Profitability
5.6.2. Financial Profitability and Indebtedness
5.6.3. Risk and Profitability

5.7. Sources of Financing 

5.7.1. Bank Financing
5.7.2. Issuance of Debentures and Securitization of Assets
5.7.3. Private Equity and Venture Capital
5.7.4. Subsidies and Fiscal Support

5.8. Corporate Transactions and Bankruptcy 

5.8.1. Declaration of Bankruptcy and its Effects
5.8.2. Settlement and Liquidation Phases
5.8.3. The International Tender
5.8.4. Scoring the Tender
5.8.5. Conclusion and Reopening of the Tender

Module 6. Feasibility of the Inversions Project 

6.1. Investment in the Company 

6.1.1. Concept and Classification
6.1.2. Stages in the Study of the Investment Project
6.1.3. Investment as a Financial Operation

6.2. Economic Valuation Methods 

6.2.1. Recovery Period
6.2.2. Total and Average Cash Flow per Committed Monetary Unit
6.2.3. Net Present Value and Internal Rate of Return
6.2.4. Discounted Payback Period and Rate of Return
6.2.5. Expected NPV Return

6.3. Cost of Capital 

6.3.1. Cost of Borrowed Resources
6.3.2. Cost of Preferred Stocks
6.3.3. Cost of Equity Calculation
6.3.4. Total Cost of Capital Calculation

6.4. Investment Diagnosis, Planning and Control 

6.4.1. Financial Planning
6.4.2. Real Estate Planning
6.4.3. Tax Planning

6.5. Technical and Fundamental Analysis 

6.5.1. Definition and Scope of Application
6.5.2. Study of Charts and Trends
6.5.3. Sector and Stock Market Research in Fundamental Analysis
6.5.4. Ratios and Fundamental Analysis

6.6. Investment Analysis in a Risky Environment 

6.6.1. Adjustment of the Discount Rate
6.6.2. Reduction of Cash Flows to Certainty Conditions
6.6.3. Scenario Simulation

6.7. Cash Flows in Investment Projects 

6.7.1. Financial Modeling
6.7.2. Elaboration of Cash Flows
6.7.3. Analysis of Cash Flows of Working Capital
6.7.4. Taxes and Inflation

6.8. Stock Markets 

6.8.1. Companies Access to the Stock Market
6.8.2. The Functioning of the International Stock Markets
6.8.3. Stock Market Indexes
6.8.4. Taxation of Financial Investments in Spain

Module 7. The Economic Environment and Financial Markets 

7.1. Fundamentals of Banking and Finance 

7.1.1. Fundamental Variables in Financial Decisions
7.1.2. Financial Activity
7.1.3. Banking Within the Financial System
7.1.4. The Banking Business

7.2. Finance Theory 

7.2.1. Statistics Applied to the Stock Market
7.2.2. Mathematics of Financial Operations
7.2.3. Financial Transactions

7.3. Macroeconomics and Monetary Policy 

7.3.1. GDP
7.3.2. Financial Balance
7.3.3. The Role of the Public Sector
7.3.4. Monetary Policy and Fiscal Policy

7.4. Measuring Financial Activity 

7.4.1. Financial System
7.4.2. Types of Transactions
7.4.3. Financial Instruments

7.5. Main Financial Aggregates 

7.5.1. Financial Institutions
7.5.2. Financial Versus Non-Financial Investment
7.5.3. Negotiation Levels

7.6. Markets and the Control of Financial Flows 

7.6.1. Structure of the Financial System
7.6.2. Financial Markets
7.6.3. Nature and Objectives of Monetary Policy
7.6.4. Interest Rates

7.7. Bank Accounting 

7.7.1. Financial Statements in Banking
7.7.2. Other Balance Sheet and Income Statement Items
7.7.3. Credit Risk and Insolvency
7.7.4. Business Combinations and Consolidation 

7.8. The Current Financial Crisis 

7.8.1. Failures of the International Financial System
7.8.2. Accounting Standards and Creative Accounting
7.8.3. Bad Banking Practices
7.8.4. Tax Havens

Module 8. Banking Management 

8.1. Operational Management of Credit Institutions 

8.1.1. Analysis of the Income Statement
8.1.2. Main Management Indicators
8.1.3. Management Control of the Banking Business

8.2. Management Objectives of Financial Institutions 

8.2.1. Solvency Management in Credit Institutions
8.2.2. Market and Funding Liquidity
8.2.3. Efficient Banking Management

8.3. Interest Rate Risk Management 

8.3.1. Risk Management in Credit Institutions
8.3.2. Interest Rate Risk
8.3.3. Interest Risk Valuation Methods

8.4. Liquidity Management and Monetary Policy of the ECB 

8.4.1. Money and Interbank Markets
8.4.2. Liquidity Management
8.4.3. Coverage of Legal Coefficients
8.4.4. Monetary Policy in the Euro Zone

8.5. Banking Company and Management Models 

8.5.1. The Financing of Economic Activity
8.5.2. Costs and Productivity
8.5.3. Margins and Profitability
8.5.4. Competition in the Banking Sector

8.6. Banking Regulation 

8.6.1. The European Central Bank and the Central Banking System
8.6.2. Cash Ratio and Eligible Liabilities
8.6.3. Solvency Ratios: Basel II
8.6.4. Money Laundering

Module 9. Financial Instruments and Markets 

9.1. The Financial Markets 

9.1.1. Characteristics of Financial Markets
9.1.2. Functions of Financial Markets
9.1.3. Components of Financial Markets

9.2. Types of Financial Markets 

9.2.1. Financial Markets According to Traded Rights
9.2.2. Financial Markets According to the Term of the Assets Traded
9.2.3. Financial Markets According to the Time of Issuance of Assets
9.2.4. Financial Markets According to Their Organizational Structure
9.2.5. Financial Markets According to the Time of Delivery of the Asset

9.3. Financial Market Supervisory Bodies 

9.3.1. European Central Bank and Bank of Spain
9.3.2. General Directorate of Insurance and Pension Funds
9.3.3. National Securities Market Commission

9.4. Stock Markets 

9.4.1. The Stock Market
9.4.2. Futures Market
9.4.3. Options Markets

9.5. Fixed Income Market 

9.4.1. Spot Interest Rates and Forward Interest Rates
9.5.2. Public Debt Market
9.5.3. AIAF Market

9.6. Equity Market 

9.6.1. Trading Systems
9.6.2. CNMV and Market Regulation
9.6.3. Securities and Stock Exchange Operations
9.6.4. IPOs.

9.7. Futures Market 

9.7.1. Forward Contracts
9.7.2. Futures on Interest
9.7.3. Exchange Rate Futures
9.7.4. Stock Index Futures

9.8. Options Markets 

9.8.1. Speculative Operations
9.8.2. Continuous Arbitrage Operations
9.8.3. The Price of an Option Contract
9.8.4. Use of Options in Hedging
9.8.5. Characteristics of an Options Portfolio

9.9. OTC Derivative Products 

9.9.1. FRA Markets
9.9.2. Swap
9.9.3. Cap, Floor and Collar

9.10. Foreign Exchange Market 

9.10.1. Operation and Regulatory Agencies
9.10.2. Spot Foreign Exchange Transactions
9.10.3. Parity Conditions
9.10.4. Exchange to Local Currency

9.11. Investment Funds 

9.11.1. Fixed Income Funds
9.11.2. Mixed Fixed Income Funds
9.11.3. Mixed Equity Funds
9.11.4. Equity Funds

9.12. Liberalization of Financial Markets 

9.12.1. Eurodollars and Eurobonds
9.12.2. New International Titles
9.12.3. Globalization

Module 10. Financial Analysis and Planning 

10.1. Accounting and Bank Consolidation 

10.1.1. Analysis of the Economic Situation
10.1.2. Industry and Company Analysis
10.1.3. Types of Graphs
10.1.4. Main Theories

10.2. Fundamental and Technical Analysis 

10.2.1. Analysis of the Balance Sheet
10.2.2. Analysis of the Income Statement
10.2.3. Management Ratios
10.2.4. Selection Criteria for Investing in a Credit Institution

10.3. Analysis of Financial Statements 

10.3.1. Equity Analysis
10.3.2. Degree of Liquidity of Assets
10.3.3. Efficiency and Profitability of Investments

10.4. Financial Prediction 

10.4.1. Economic Forecasting Models
10.4.2. Univariate Models
10.4.3. Multivariate Models
10.4.4. Techniques for Estimating Financial Variables

10.5. Balance Sheet and Risk Analysis 

10.5.1. Risks of Credit Institutions
10.5.2. Information Required for Risk Analysis
10.5.3. Analysis of the Situation and Possible Evolution of the Companies
10.5.4. Short and Long-Term Financing

10.6. Solvency Management 

10.6.1. Shareholders Equity in the Banking Company and Solvency Ratio
10.6.2. Capital Optimization and Pillar II
10.6.3. Basel III
10.6.4. Internal Control and Pillar III

10.7. Profitability Analysis Models 

10.7.1. Risk Adjusted Return Analysis 
10.7.2. Asset and Liability Pricing Models
10.7.3. Strategic Map: Definition and Elaboration
10.7.4. Scorecards

10.8. Valuation of Credit Institutions 

10.8.1. Basic Principles in the Valuation of a Financial Institution
10.8.2. Modeling of a Credit Institution
10.8.3. Methodologies for the Valuation of Financial Institutions

Module 11. Financial Products and Banking Asset Products 

11.1. Public Fixed Income Assets 

11.1.1. Treasury Bills
11.1.2. Government Bonds and Debentures
11.1.3. Debt of the Autonomous Community and Other Public Entities

11.2. Equity Assets 

11.2.1. The Regulation of Equity Markets
11.2.2. Contracting in Equity Markets
11.2.3. Companies in the Stock Market
11.2.4. Stock Market Information

11.3. Derivative Financial Products 

11.3.1. Short-Term Derivative Products
11.3.2. Options
11.3.3. Swaps
11.3.4. Credit Derivatives

11.4. Structured Financial Products 

11.4.1. Structured Interest Rate Swaps
11.4.2. Structured Exchange Rate
11.4.3. Structured Equity Securities
11.4.4. “Commodities” Structures

11.5. Bank Loans to Individuals 

11.5.1. Analysis of Effective Rates
11.5.2. Financial Characteristics
11.5.3. Legal Characteristics

11.6. Corporate Banking Asset Products 

11.6.1. Bank Discount
11.6.2. Credit Policies
11.6.3. Credit Advances

11.7. Mortgage Loans 

11.7.1. Appraisals
11.7.2. Mortgage Subrogation
11.7.3. Mortgage Novations

11.8. Working Capital Financing Products 

11.8.1. Factoring
11.8.2. Confirming

11.9. Insurance Products 

11.9.1. Models and Characteristics
11.9.2. Regulation and Tax Treatment of Pension Funds and Plans
11.9.3. Marketing of Insurance Products from Credit Institutions

11.10. Liability Products 

11.10.1. Remuneration and Profitability
11.10.2. APR
11.10.3. Legal and Tax Aspects
11.10.4. Target Audience

Module 12. Collective Investment 

12.1. Investment Funds 

12.1.1. Manager and Depositary
12.1.2. Investment Funds
12.1.3. Supervision
12.1.4. Characteristics of the Funds

12.2. Equity Management 

12.2.1. Analysis of Investment Funds
12.2.2. Equity Management Tools
12.2.3. Analysis of a Portfolio of Financial Assets
12.2.4. Reinstatement of Truncated Financial Investments

12.3. Asset Allocation 

12.3.1. Portfolio Advisory Process
12.3.2. Strategic and Tactical Asset Allocation
12.3.3. Institutional Manager
12.3.4. Strategic Portfolio and Tactical Portfolio

12.4. Portfolio Building 

12.4.1. Market Risk
12.4.2. International Investment
12.4.3. Asset Classes, Utility Curves and CAMP
12.4.4. Portfolio Formation Strategies

12.5. Equity Management Strategies 

12.5.1. Markowitz Portfolio Selection Theory
12.5.2. Systematic and Specific Risks
12.5.3. Financial Crisis Management
12.5.4. Portfolio Management in Emerging Markets

12.6. Fixed Income Management Strategies 

12.6.1. Fixed Income Portfolio Management
12.6.2. Hedging in Fixed Income Portfolios
12.6.3. Securitizations

12.7. Insurance. 

12.7.1. Fundamentals of the Insurance Activity
12.7.2. Unit Linked, Coinsurance and Reinsurance
12.7.3. Insurance Sector Institutions
12.7.4. Insurance Companies and Mutual Benefit Societies

12.8. Taxation 

12.8.1. Taxation of Financial Products
12.8.2. Taxation of Social Security Products
12.8.3. Spanish Tax Framework

Module 13. Financial Risk and Corporate Finance

13.1. Financial Management and Corporate Finance 

13.1.1. Business Management and Value Creation
13.1.2. Capital Structure and Financial Leverage
13.1.3. Weighted Average Cost of Capital
13.1.4. Capital Asset Pricing Model and Other Models

13.2. Company Valuation Methods 

13.2.1. Dividend Discount
13.2.2. Flow Discount
13.2.3. Comparable Multiples

13.3. Corporate Operations 

13.3.1. Mergers. 
13.3.2. Acquisition
13.3.3. Mergers and Acquisitions
13.3.4. Tax Regime for Restructuring Operations

13.4. Studying Other Types of Companies 

13.4.1. Unlisted Companies
13.4.2. SMES
13.4.3. Family Businesses
13.4.4. Foundations and Non-Profit Organizations
13.4.5. Social Economy Enterprise

13.5. Strategy and Risk Control 

13.5.1. Management Control Systems
13.5.2. Risks and Internal Control
13.5.3. Review and Audit of the Control System
13.5.4. Financial Risk Management

13.6. Risk, Profitability and Indebtedness 

13.6.1. Economic Profitability and Financial Profitability
13.6.2. Financial Profitability and Indebtedness
13.6.3. Risk and Profitability

13.7. Sources of Financing 

13.7.1. Bank Financing
13.7.2. Issuance of Debentures and Securitization of Assets
13.7.3. Private Equity and Venture Capital
13.7.4. Subsidies and Fiscal Support

13.8. Corporate Transactions and Bankruptcy 

13.8.1. Declaration of Bankruptcy and its Effects
13.8.2. Settlement and Liquidation Phases
13.8.3. The International Tender
13.8.4. Scoring the Tender
13.8.5. Conclusion and Reopening of the Tender

Module 14. Financial Marketing 

14.1. Bank Office Market Research 

14.1.1. Specific Aspects of Financial Services Marketing
14.1.2. Determining Factors When Choosing a Bank
14.1.3. Development of New Banking Products and Services
14.1.4. Tools for Bank Marketing Research

14.2. Sales and Communication Techniques 

14.2.1. Notions of Psychology Applied to Sales
14.2.2. Techniques to Improve Verbal and Non-Verbal Communication
14.2.3. Negotiation Tactics
14.2.4. Closing and Customer Commitment

14.3. Financial Marketing Plan 

14.3.1. Pricing of Banking Products
14.3.2. Product Promotion and Advertising Campaigns
14.3.3. Distribution Systems Used in Financial Services Marketing
14.3.4. Segmentation, Targeting and Positioning

14.4. New Strategies for Sales Growth and Cost Savings 

14.4.1. Electronic Banking. 
14.4.2. CRM (Customer Relationship Management)
14.4.3. Cross-Selling and Up-Selling

14.5. Relationship Marketing 

14.5.1. Customer Development and Loyalty
14.5.2. Marketing Tools for Customer Loyalty and Retention
14.5.3. Customer Retention Strategies

14.6. Inbound Marketing in the Banking Sector 

14.6.1. Effective Inbound Marketing
14.6.2. The Benefits of Inbound Marketing
14.6.3. Measuring the Success of Inbound Marketing

14.7. Developing E-Mail Campaigns 

14.7.1. Designing E-Mail Marketing Campaigns
14.7.2. E-Mail Marketing
14.7.3. Lists of Subscribers, Leads and Customers

14.8. Corporate Branding 

14.8.1. Brand Evolution
14.8.2. Creating and Developing a Successful Brand
14.8.3. Brand Equity

Module 15. International Finance

15.1. Business & International Strategy 

15.1.1. Internationalization
15.1.2. Globalization
15.1.3. Growth & Development in Emerging Markets
15.1.4. International Monetary System

15.2. Foreign Exchange Market 

15.2.1. Foreign Exchange Transactions
15.2.2. Forward Foreign Exchange Market
15.2.3. Derivative Instruments for Hedging Exchange Rate and Interest Rate Risks
15.2.4. Currency Appreciation and Depreciation

15.3. International Payment and Collection Methods 

15.3.1. Bills, Personal Check and Bank Check
15.3.2. Transfer, Payment Order and Remittance
15.3.3. Documentary Clauses and Credits
15.3.4. Factoring, International Swap and Other Means

15.4. Financing Operations in International Markets 

15.4.1. Incoterms
15.4.2. Derivative Instruments to Hedge Possible Fluctuations in the Price of Raw Materials
15.4.3. Export Credits With Official Support
15.4.4. Hedging with Swap Contracts.
15.4.5. The OECD Consensus

15.5. International Financial Institutions 

15.5.1. The Fund for the Internationalization of the Company
15.5.2. The World Bank Group
15.5.3. The Inter-American Development Bank
15.5.4. The Caribbean Development Bank

15.6. Formation of Exchange Rates 

15.6.1. Interest Rate Parity Theory
15.6.2. Theory of Exchange Rate Expectations
15.6.3. Purchasing Power Parity (PPP) Theory
15.6.4. Capital Market Balance

15.7. Debt Conversion Programs 

15.7.1. Legal Framework
15.7.2. Operation
15.7.3. Conversion of Debt into Public Investments
15.7.4. Conversion of Debt into Private Investments

15.8. International Stock Market 

15.8.1. Wall Street Market (New York)
15.8.2. Gold Market
15.8.3. World External Debt
15.8.4. Paris Club
15.8.5. ADR and GDR Securities Market

Module 16. Startups creation and financing

16.1. Creation of a Startup 

16.1.1. From the Idea to the Business Model
16.1.2. Partners
16.1.3. Legal Considerations
16.1.4. Organization and Culture
16.1.5. Venture Capital and Entrepreneurial Management

16.2. Startup Financial Management and Administration 

16.2.1. Introduction to Financial Management in Startup Companies
16.2.2. Financial Metrics for Startups
16.2.3. Financial Planning: Projection Models and their Interpretation
16.2.4. Valuation Methods
16.2.5. Legal Aspects

16.3. The Business Plan. 

16.3.1. Contents
16.3.2. Introduction
16.3.3. SWOT
16.3.4. The Canvas Model

16.4. Growth Phases in Startup Companies 

16.4.1. Seed Phase
16.4.2. Startup Phase
16.4.3. Growth Phase
16.4.4. Consolidation Phase

16.5. Financing Startups 

16.5.1. Bank Financing
16.5.2. Subsidies
16.5.3. Seed Capital and Accelerators. Business Angels
16.5.4. Venture Capital. IPO
16.5.5. Public to Private Partnership

16.6. National and International Venture Capital and Seed Capital Entities 

16.6.1. Public Institutions: CDTI, ENISA
16.6.2. National and International Venture Capital Entities
16.6.3. Private Investors: Caixa Capital Risc. Bstartup
16.6.4. FOND-ICO Global
16.6.5. Accelerators: Wayra, Lanzadera and Plug & Play

Module 17. Social Science Research 

17.1. Introduction to Investigative Methodology 
17.2. Methodologies in Economics and Management 
17.3. Data Sources 
17.4. Fundamentals of Statistics 
17.5. Research in Economics 
17.6. Management Research 
17.7. Design of a Market Study 
17.8. History of Economics and Business 
17.9. Philosophical Currents in Business and Economics 
17.10. New Trends 

Module 18. Researcher's Tools

18.1. Thesis and Report Writing 
18.2. Use of Database Managers 
18.3. Scientometrics and Scientific Databases 
18.4. Spreadsheet for Economics and Finance 
18.5. Bibliographic Sources 
18.6. Advanced Internet Searching 
18.7. Statistical Packages 
18.8. Data Analysis Tools 
18.9. Algorithm Fundamentals 
18.10. New Trends 

Module 19. Behavioral Economics

19.1. Introduction to Behavioral Economics Research 
19.2. Fundamentals of Behavioral Economics 
19.3. Psychology of Economics 
19.4. Choice in Economics 
19.5. Decision-Making Process 
19.6. Frames 
19.7. Behavioral Finance 
19.8. General Applications 
19.9. Criticism of Behavioral Economics 
19.10. Future Tendencies 

Module 20. Financial Economics

20.1. Introduction to Financial Economics Research 
20.2. Economic and Financial Fundamentals 
20.3. Accounting Fundamentals 
20.4. Corporate Finance 
20.5. Economic Financial Control 
20.6. Global Risks 
20.7. Capital Markets 
20.8. Financing 
20.9. Audits 
20.10. Future Tendencies 

Module 21. International Trade Economics

21.1. Introduction to Research in International Economics 
21.2. Fundamentals of International Economics 
21.3. History of the International Economy 
21.4. International Economic Institutions and Organizations 
21.5. Economic Diplomacy 
21.6. Country Analysis 
21.7. Economic Globalism 
21.8. International Taxation 
21.9. Economic Blocks and International Relations 
21.10. Future Tendencies 

Module 22. Industrial Economics

22.1. Introduction to Research in Industrial Economics 
22.2. Fundamentals of Industrial Economy 
22.3. Economics, Markets and Efficiency 
22.4. Economics and Innovation 
22.5. Economics of Services 
22.6. Internet Economy 
22.7. Sharing economy and Platform Economy 
22.8. Industrial Crisis and Creative Destruction 
22.9. Public Companies and Market 
22.10. Future Tendencies 

Module 23. Entrepreneurial Innovation and Initiative 

23.1. Introduction to Entrepreneurship Research 

23.1.1. Entrepreneurship
23.1.2. Strengths and Weaknesses of a Business Plan

23.2. Introduction to Innovation Research 

23.2.1. Historical Overview of Innovation 
23.2.2. Technology Transfer Processes

23.3. Creativity 

23.3.1. The Theoretical Framework of Ideation and Creation
23.3.2. Creativity and Innovation
23.3.3. Creative Companies
23.3.4. Creative Tools
23.3.5. Selection of Ideas

23.4. Agile Startups 

23.4.1. Lean Startup Model
23.4.2. Development of Products and Services with Agile
23.4.3. DevOps in ICT Startups

23.5. Innovation Management 

23.5.1. Analysis of Types of Innovation
23.5.2. Innovation Levers
23.5.3. Scope of Innovation
23.5.4. Comparative Analysis of Innovation Cases
23.5.5. R+D Management

23.6. Entrepreneurial Context: Information Society 

23.6.1. Entrepreneurs and their Time
23.6.2. Opportunities and Challenges of Contemporary Entrepreneurship

23.7. Globalization 

23.7.1. The Globalization
23.7.2. Lawyer and Detractors
23.7.3. Influence on the Entrepreneurial Project
23.7.4. Economic Analysis of International Environments

23.8. Project Management 

23.8.1. The Business Plan.
23.8.2. Conventional Project Management
23.8.3. Agile Project Management

23.9. Intrapreneurship 

23.9.1. Intrapreneurship Specificities
23.9.2. Comparative Analysis of Intrapreneurship Cases

23.10. Future Tendencies 

23.10.1. New Entrepreneurship Niches
23.10.2. Social Entrepreneurship
23.10.3. Senior Entrepreneurship

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