Dept. III: Finance

Master

Here you can find all information regarding the lectures offered for Master students

Modules in the field of competence Value and Risk Management:

Lecture and Exercise Derivatives (WS),
6 credit points, 4 semester periods per week

Targets:

Students have in-depth knowledge of derivatives, i.e. forwards, futures, and options. They are able to price them and use them in different ways in the context of financial and risk management.

Content:

Introduction to options, forwards, and futures, no-arbitrage concepts, pricing of forwards and futures, American and European options, payoff diagrams for puts and calls, put-call parity, upper and lower bounds for option prices, pricing of options in the binomial model and the Black-Scholes model, trading and hedging strategies, risk management with derivatives, Option Greeks.

Lecture and Exercise Valuation (SS),
6 credit points, 4 semester periods per week

Targets:

Students have in-depth knowledge of the valuation of firms. They understand the necessary accounting information and can critically review a company's key performance metrics. Students are able to forecast future cash flows that are necessary for the valuation of a firm. They can determine risk-adequate cost of capital. Students can apply different approaches to value a company and understand the specific assumptions and limitations of the models.

Content:

Analysis of financial statements to determine and forecast cash flows of companies, Du Pont analysis, models to determine the cost of capital, intrinsic valuation methos (Dividend Discount Model, Firm Free Cash Flow Model, Adjusted Present Value Model), relative valuation using multiples, real options approach.

Seminar Financial and Risk Management,
6 credit points, 2 semester periods per week

Targets:

The students are able to structure independently complex tasks from the area of Financial and Risk Management and to develop proposals for solution for it.

Content:

Changing contents.

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