040016 KU Fixed Income Securities (MA) (2020W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Prüfungsimmanente Lehrveranstaltung

Moodle

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Anmeldung von Mo 14.09.2020 09:00 bis Mi 23.09.2020 12:00
Anmeldung von Mo 28.09.2020 09:00 bis Mi 30.09.2020 12:00
Abmeldung bis Sa 31.10.2020 12:00

Details

max. 50 Teilnehmer*innen

Sprache: Englisch

Lehrende

Christian Westheide

Termine (iCal) - nächster Termin ist mit N markiert

    
    Dienstag
    06.10.
    15:00 - 16:30
    Digital
    
    Dienstag
    13.10.
    15:00 - 16:30
    Digital
    
    Dienstag
    20.10.
    15:00 - 16:30
    Digital
    
    Dienstag
    27.10.
    15:00 - 16:30
    Digital
    
    Dienstag
    03.11.
    15:00 - 16:30
    Digital
    
    Dienstag
    10.11.
    15:00 - 16:30
    Digital
    
    Dienstag
    17.11.
    15:00 - 16:30
    Digital
    
    Dienstag
    24.11.
    15:00 - 16:30
    Digital
    
    Dienstag
    01.12.
    15:00 - 16:30
    Digital
    
    Dienstag
    15.12.
    15:00 - 16:30
    Digital
    
    Dienstag
    12.01.
    15:00 - 16:30
    Digital
    
    Dienstag
    19.01.
    15:00 - 16:30
    Digital

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The course provides an introduction to fixed income securities. We will start with the discussion of the specific properties of such securities and the institutional details of the most important markets. The main part of the course will be devoted to valuation techniques and risk management. In the next part, we will cover non-standard bonds such as those that include an option and those featuring default risk. If time permits, we will discuss securitization in the last part of the course.

Topics of the Course:

1. Fixed Income Markets
2. Pricing Bonds
3. Term Structure
4. Interest Rate Risk
5. Callable Bonds, Warrants, and Convertible Bonds
6. Credit Risk
7. Securitization

Art der Leistungskontrolle und erlaubte Hilfsmittel

The grade will be based on two exams on December, 15, and January 19, and active class participation.

The course will be taught via video conferencing with the exception of the exams. The exams will take place on Moodle.

Mindestanforderungen und Beurteilungsmaßstab

40% maximum of the scores on the first and the second exam
40% second exam
20% active class participation

Minimum requirement for a positive grade: a total of 50%.

Prüfungsstoff

All material covered in class and in the required readings announced in class

Literatur

Bodie, Z., Kane, A. and Marcus, A. (2014): Investments and Portfolio Management, 10th global edition, McGraw Hill.
Sundaresan, S. (2009): Fixed Income Markets and their Derivatives, 3rd edition, Academic Press.
Veronesi, P. (2010): Fixed Income Securities, Wiley.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Fr 12.05.2023 00:12