Inhalt

[ 572IWFMFINK15 ] KS Financial Markets

Versionsauswahl
Es ist eine neuere Version 2019W dieser LV im Curriculum Bachelor's programme Business and Economics 2019W vorhanden.
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Workload Education level Study areas Responsible person Hours per week Coordinating university
4 ECTS B2 - Bachelor's programme 2. year Economics Günther Pöll 2 hpw Johannes Kepler University Linz
Detailed information
Pre-requisites (*)Fach Einführung in die Betriebswirtschaftslehre, Fach Einführung in die Volkswirtschaftslehre, Fach Kernkompetenzen I aus Volkswirtschaftslehre UND zusätzliche positive Absolvierung KS Wachstum, Konjunktur und Wirtschaftspolitik oder KS Zahlungsbilanz und Devisenmarkt
Original study plan Bachelor's programme Business and Economics 2015W
Objectives Students will acquire a basic understanding of core theoretical concepts pertaining to financial markets which are embedded in a simple static model of financial economics.
Subject Introduction: Financial Terms and Concepts

Systems of Financial Markets
Spot Markets
Contingent commodities and contracts

Complete Financial Markets
Basic and Derived Securities
Return expectations and the concept of arbitrage-free prices
Arrow/Debreu securities

Ordinary Securities Markets
Concept of 'no free lunch'
Risk-neutral valuation: forwards & options

Individual Decision-Making Under Uncertainty
Expected utility
Optimal portfolio of securities
Basics of portfolio management

Criteria for evaluation Written final examination 90%, exercises, contributions 10%
Methods Lecture, practice exercises, contributions by students
Language German
Study material Reading:

Eichberger; Harper, Financial Economics, Oxford University Press, 1997

Changing subject? No
On-site course
Maximum number of participants 200
Assignment procedure Assignment according to priority