[ 572IWFMFINK15 ] KS Financial Markets

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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 Rudolf Winter-Ebmer 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 Balance of Payments and Exchange Rates
Original study plan Bachelor's programme Business and Economics 2018W
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