Intermediate Asset Pricing

Faculteit Economie en Bedrijfskunde
Jaar 2017/18
Vakcode EBB084A05
Vaknaam Intermediate Asset Pricing
Niveau(s) bachelor, uitwisseling
Voertaal Engels
Periode semester II a (ook in semester I a)
ECTS 5
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Uitgebreide vaknaam Intermediate Asset Pricing
Leerdoelen Upon completion of the course the student is able to:
1. Describe in considerable depth the players, assets, terminology and conventions in financial markets.
2. Describe and explain in considerable detail various portfolio theories as well as asset pricing models.
3. Use these theories and models to answer relatively complex questions relevant to investors.
4. Make a well-founded decision about whether or not to apply for a position in the field of finance or to enroll for a master programme in this field.
Omschrijving Intermediate Asset Pricing is a course about financial markets, and particularly about the financial assets that are traded in these markets. The course first sets the scene by giving an overview of how firms can raise funds, from whom, in what forms and with whose help. Subsequently, it elaborates on valuing financial assets. For this purpose, modern portfolio theory, factor models and a few asset pricing models (i.e. Capital Asset Pricing Model and Arbitrage Pricing Theory) will be discussed. The course will also discuss the valuation of derivative instruments, including financial options. A final issue will be debt instruments and their associated yields. Also the ways in which investors and firms can use these debt instruments to manage interest rate risks will be covered. A central theme throughout the course will be the notion of tracking: i.e. the replication of one asset by using a combination of other assets. This notion will be presented as one of the corner stones of valuation.
Uren per week 4
Onderwijsvorm hoor- en werkcolleges
Toetsvorm schriftelijk tentamen met open vragen
Vaksoort bachelor
Coördinator dr. S. Tillema
Docent(en) dr. ing. N. Brunia , V. Chatzikonstanti, PhD. ,prof. dr. L.J.R. Scholtens ,dr. P.P.M. Smid ,dr. S. Tillema
Verplichte literatuur
Titel Auteur ISBN Prijs
Financial Markets and Corporate Strategy, 2012, 2nd European edition, McGraw-Hill Hillier, D., M. Grinblatt, S. Titman 9780077129422 €  75,00
Entreevoorwaarden Basic skills in mathematics and statistics, and a background in finance, are strongly recommended.
Opmerkingen The course builds on the knowledge obtained from the first year course Asset Pricing and Capital Budgeting. The textbook selected for Intermediate Asset Pricing will also be used for Corporate Finance for E&BE.
Contact details: Coordinator: Dr Sandra Tillema, e-mail s.tillema@rug.nl
Secretary Grietje Pol, phone +31(0)50 3633685, e-mail g.pol@rug.nl, room: 5411.0836
Opgenomen in
Opleiding Jaar Periode Type
BSc Bedrijfskunde/Bdk  (minor Finance) 3 semester I a verplicht
BSc Economics and Business Economics/E&BE  ( Business Economics) 3 semester II a verplicht
BSc Economics and Business Economics/E&BE  (keuzevakken E&BE-Economics) 3 semester II a keuze
BSc Economics and Business Economics/E&BE  (keuzevakken E&BE-IE&B) 3 semester II a keuze
Courses open to Exchange Students (BSc)  ( Courses open to Exchange Students (BSc) without limited access) 3 semester I a keuze
Courses open to Exchange Students (BSc)  ( Courses open to Exchange Students (BSc) without limited access) 3 semester II a keuze
Pre-MSc-programma’s FEB  (Pre-MSc Finance) 1 semester I a verplicht