2024/2025 KAN-CCMVA2403U Empirical Finance
English Title | |
Empirical Finance |
Course information |
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Language | English |
Course ECTS | 2.5 ECTS |
Type | Elective |
Level | Full Degree Master |
Duration | Summer |
Start time of the course | Summer |
Timetable | Course schedule will be posted at calendar.cbs.dk |
Min. participants | 30 |
Max. participants | 60 |
Study board |
Study Board for cand.merc. and GMA (CM)
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Course coordinator | |
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Main academic disciplines | |
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Teaching methods | |
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Last updated on 07/11/2024 |
Relevant links |
Learning objectives | ||||||||||||||||||||||||||||
After completing this course, students are
expected to be able to:
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Course prerequisites | ||||||||||||||||||||||||||||
The course is a master level course. However, it is also open to bachelor level participants provided they have sufficient background in core finance material, e.g., preliminary knowledge in corporate finance, financial management, or similar, where basics have been covered (interest rates, discounted cash flow analysis, etc.). | ||||||||||||||||||||||||||||
Examination | ||||||||||||||||||||||||||||
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Description of activities | ||||||||||||||||||||||||||||
A combination of
assignment and presentation: The student must participate in
minimum 80 % of the scheduled teaching.
In addition, the student must contribute to a group assignment that is to be presented in class (max. 10 minutes per group presentation). The assignment should incorporate the various techniques and discussions participants will be familiar with by the end of the course, and follows a similar approach as to the cases and examples presented during the course. |
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Course content, structure and pedagogical approach | ||||||||||||||||||||||||||||
The purpose of the course is that students learn to apply financial theory in a practice. The focus will be on applied portfolio management. The course will present how to approach real world problems by analysing real life financial data within the spreadsheet environment of Excel. In short, the purpose of the course is that students adopt the tools necessary to use financial theory in a practical way which will benefit them in any finance or research related position. At completion of the course, students should be able to, as a minimum, (i) construct an optimal portfolio of assets/stocks, (ii) assess fund management performance, (iii) hedge (bond) portfolios from risk factors such as interest rate changes. The course will primarily take a financial management perspective and concentrate on the application of concepts. |
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Description of the teaching methods | ||||||||||||||||||||||||||||
The course is structured into sessions, where each session focuses on a specific topic. Diverse teaching methods include lectures, cases, readings and discussions. The class meetings are interactive and require ongoing engagement of the students. This includes gaining hands-on experience by implementing concepts and models in Excel, discussing real-life cases to internalize the concepts presented in the course, presenting groupwork on particular topics and providing concrete financial recommendations. | ||||||||||||||||||||||||||||
Feedback during the teaching period | ||||||||||||||||||||||||||||
Student feedback will occur regularly throughout the course, e.g. via exercises and in-class problem solving. Students are encouraged to make use of those to enhance their learning experience, of course in addition to regular participation and two-way communication in lectures. The teacher will also strive to be readily available for a one-to-one dialogue in both lecture breaks and following each lecture session. | ||||||||||||||||||||||||||||
Student workload | ||||||||||||||||||||||||||||
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Further Information | ||||||||||||||||||||||||||||
2-week course that cannot be combined with any other course. |
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Expected literature | ||||||||||||||||||||||||||||
Financial Modeling, Fifth Edition, By Simon Benninga and Tal Mofkadi |