Date |
Topics |
01.10.2018
|
Topics:
- Introduction
- Financial Systems (until slide II.19 (p.12) + slide VI.26 (p.77))
Functions of financial systems, problems of asymmetric information
|
08.10.2018
|
Topics:
- Financial Systems
Financial stability, Bretton Woods system, categorization of financial systems
- Financial Decisions and the Theory of Choice:
Intertemporal transfer of funds (until slide III.7 (p.25))
|
15.10.2018
|
Topics:
- Financial Decisions and the Theory of Choice (until slide III.16 (p.28)):
Axioms of Choice and the Principle of Maximum Utility
Optimal consumption/investment decision
Time consistent preferences
|
22.10.2018
|
Topics:
- Financial Decisions and the Theory of Choice (until slide III.36 (p.35)):
Optimal consumption/investment decision
Fisher Separation and NPV rule
Example 1
|
29.10.2018
|
Topics:
- Fisher Separation and NPV rule: Examples
- Hedging risk (until slide III.48, p.38)
|
05.11.2018
|
Topics:
- Hedging risk
- Formal equivalence between optimal consumption/investment decision under certainty and optimal demand for insurance
- Some Cornerstones and Key Ideas of Modern Finance
- Random Walk Model (until slide V.7, p.49)
|
12.11.2018
|
Topics:
- Stochastic processes: (Geometric) Brownian motion (including Central Limit Theorem, A5a)
- Continuous compounding
- Way towards the Efficient Market Hypothesis (until slide V.30, p.56)
|
19.11.2018
|
Topics:
- Efficient Market Hypothesis (EMH)
- Three forms of EMH
- Empirical facts
- Behavioral Finance
- Example of LTCM (A5b)
- The Law of One Price and no-arbitrage pricing
(until slide VI.10, p.72)
|
26.11.2018
HS 16
|
Topics:
- The Law of One Price and no-arbitrage pricing
- Pricing redundant assets by replication, complete markets
- MM's proposition I
- Derivatives (slides A5.1-10)
- Derivative valuation (until slide VI.80)
|
03.12.2018
|
Topics:
- Derivative valuation (cont)
- Term Structure of Interest Rates (until slide VII.15)
|
10.12.2018
|
Topics:
- Term Structure of Interest Rates (cont)
- Forward rates
- Yield to maturity
- Bond price volatility: Duration (until slide VIII.14)
|
17.12.2018
|
Christmas holidays
|
24.12.2018
|
Christmas holidays
|
31.12.2018
|
Christmas holidays
|
07.01.2019
|
Topics:
- Bond price volatility: Duration and Convexity, Immunization
|
14.01.2019
|
Topics:
- Optimal Portfolio Selection and Risk Diversification:
Mean-Variance Approach (until slide IX.38)
|
21.01.2019
|
Topics:
- Optimal Portfolio Selection and Risk Diversification:
Mean-Variance Approach (cont)
- Optimal portfolio choice
- Properties of the portfolio frontier, Separation Theorem of Tobin
- Are stocks normally distributed?
- Examples
|
|
Do not forget to register for the exam!
Registration for the lecture does not include registration for the exam.
Check after registration that your status is "vorgemerkt" / "Pregistered".
The final registration is made after the end of the registration period.
Students registered for a master program of another faculty please contact me if you are not registered after the end of the registration period
such that we can register you for the exam.
Bachelor students are not allowed to take the exam.
Students not being registered are not allowed to take the exam.
|
Mon, 28.01.2019
15:00-17:00
|
HS 1: 1st Examination date -> information at u:find
|
Thu, 28.02.2019
15:00-17:00
|
HS 1: 2nd Examination date -> information at u:find
|
Wed, 12.06.2019
15:00-17:00
|
HS 4: 3rd Examination date -> information at u:find
|
Mon, 23.09.2019
15:00-17:00
|
HS 6: 4th Examination date -> information at u:find
|