Semester:WS 21/22
Type:Module
Language:English
ECTS-Credits:3.0
Scheduled in semester:1
Semester Hours per Week / Contact Hours:24.0 L / 18.0 h
Self-directed study time:72.0 h
Type:Module
Language:English
ECTS-Credits:3.0
Scheduled in semester:1
Semester Hours per Week / Contact Hours:24.0 L / 18.0 h
Self-directed study time:72.0 h
Module coordination/Lecturers
- Prof. Dr. Michael Hanke
(Modulleitung)
Curricula
Master's degree programme in Finance (01.09.2020)Events
Description
- Introduction to financial economics Equilibrium and arbitrage Valuation, state prices, risk-neutral probabilities Expected utility, risk aversion, mean-variance theory Optimal portfolios
Learning Outcomes
- After completing this course, students...understand basic principles in financial economics (e.g., absence of arbitrage) and can apply them in discrete-time markets,link absence of arbitrage, state prices, and risk-neutral probabilities in complete and in incomplete markets,understand the implications of portfolio restrictions in financial markets, understand the classical models of risk and risk aversion and apply them to financial decision-making,are familiar with consumption-portfolio models and their optimization in discrete time.
Qualifications
Lectures Method
Interactive lecture
Literature
> LeRoy, S. F., & Werner, J. (2014). Principles of financial economics (2nd ed.). Cambridge: Cambridge University Press
Exam Modalities
See lecture(s) within the module