2013/2014 KAN-CM_SU8O Bond Markets
English Title | |
Bond Markets |
Course information |
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Language | English |
Exam ECTS | 7.5 ECTS |
Type | Elective |
Level | Full Degree Master |
Duration | Summer |
Course period | Summer
Please check www.cbs.dk/summer for the course schedule. |
Time Table | Please see course schedule at e-Campus |
Study board |
Study Board for MSc in Economics and Business
Administration
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Course coordinator | |
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Main academic disciplines | |
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Last updated on 24-07-2013 |
Learning objectives | |||||||||||||||||||||||
After this course students should
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Course prerequisites | |||||||||||||||||||||||
It is recommended that students are familiar with basic finance issues at the level of standard finance textbooks such as Brealey/Myers/Allen (Principles of Corporate Finance, 10th. edition, McGraw-Hill 2011), Ross/Westerfiled/Jaffee/Jordan (Modern Financial Management, 8th edition, McGraw-Hill 2008), Berk/DeMarzo (Corporate Finance, Addison-Wesley 2008), or similar textbooks. | |||||||||||||||||||||||
Prerequisites for registering for the exam | |||||||||||||||||||||||
Compulsory assignments
(assessed approved/not approved)
Mandatory Mid-term Assignment: The mid-term assignment will be a short written assignment (2-3 pages). |
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Examination | |||||||||||||||||||||||
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Course content and structure | |||||||||||||||||||||||
Many courses on investments have their focus on equity markets
and cover bond markets only briefly, if at all. However, by sheer
volume bond markets are much larger than equity markets, and the
2007-2008 financial crisis had its origin in the (structured) bond
market.
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Teaching methods | |||||||||||||||||||||||
The course will consist of lectures
(about 60-70%) and exercise sessions in which we will discuss
questions related to the contents of the course (30-40%). Students
will have to present solutions to problems in class.
Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings to be read before the start of classes with a related task or tasks in the first two classes in order to 'jump-start' the learning process. The preliminary assignment will be a set of questions. I will provide a list of readings. Based on those readings, students will have to answer a set of questions and present the solutions in class. These solutions should explain the concepts and tools used to solve the problem in depth. |
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Expected literature | |||||||||||||||||||||||
1 Fixed Income Markets
2 Pricing Bonds
3 The Term Structure
4 Interest Rate Risk
5 Callable Bonds, Warrants, and Convertible Bonds
6 Default Risk
7 Issues in Bond Portfolio Management
8 Securitization
(Please note: One chapter does not strictly correspond to one class) |