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Instructors: David Johannes Zimmermann
Event type:
Seminar
Org-unit: Corporate Management & Economics
Displayed in timetable as:
Vert. Finanzierung
Hours per week:
3
Credits:
6,0
Note: In your exam regulations, differing credits may have been specified.
Location:
Campus der Zeppelin Universität
Language of instruction:
Englisch
Min. | Max. participants:
10 | 35
Priority scheme: Standard-Priorisierung
Course content:
The class is structured into 5 + 1 blocks. Each block consists of roughly three 90 minute sessions.
In the first block I will give a brief overview of what we are exploring in the class, how the assignments work, what is expected from you, and what you expect from me. Followed by an introduction to "R for Finance", to give you a solid base for understanding the later models and to allow you to excel at the term paper at the end in ways of managing, modeling, and visualizing the respective data.
The second block looks at the underlying structures and processes of a financial market. We try to answers question such as what is a market, what forms of markets do we currently see, how are prices set/found, and how does a modern market work in detail.
Next up, we will look at derivatives and financial options to see their importance, potential effects, and their relation and use in the rest of the economy.
In the fourth block, we will look at how an investor might decide to invest in a portfolio of assets using the CAPM, modern portfolio theory, plus some more advanced methods and evaluate if the theory holds up to reality.
Then we will investigate the effects of mergers and acquisition of firms using the so-called event-study methodology.
Last but not least, we will use our previously built knowledge to look at financial crises and combine it with network theory to find a new perspective of finance and its stability.
Educational objective:
The goal of this class is to give you a more in depths knowledge of the (current) financial system, how it functions in detail, what drives it, and how it interacts with the rest of the economy. Our approach will be academic in a way that we try to understand the market from an empirical perspective and replicate results as best as we can
Further information about the exams:
The grading is supposed to capture your in depths understanding of the contents of the class. Therefore the following grading has been set:
20% of the grade consists of two 15 minute presentations of a given academic paper (10 minutes presentation + 5 minutes discussion with the class).
At the end of the semester you are also expected to hand in a written assignment (term paper) about a topic of your choice of this class, contributing 80% to your final grade.
While the presentation of the papers are done individually, you are allowed to team-up with another student for the term paper.
More about this in the first session.
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