Universität Wien FIND
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040029 SE Seminar Asset Pricing (MA) (2019S)

Market Microstructure

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung

Details

max. 24 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

Introduction and allocation of topics at the first meeting at March 3rd.
Final presentations are scheduled for the morning of June 17 (i.e. 8:00-13:00) at the Skylounge (tbc).

Montag 04.03. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 11.03. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 18.03. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 25.03. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 01.04. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 08.04. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 29.04. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 06.05. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 13.05. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 20.05. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 27.05. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 03.06. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 17.06. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Freitag 21.06. 08:00 - 14:45 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock
Montag 24.06. 15:00 - 16:30 Seminarraum 4 Oskar-Morgenstern-Platz 1 1.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

https://homepage.univie.ac.at/thomas.gehrig/Topics%20in%20Asset%20Pricing%20-%200219%20-%20Syllabus.pdf

Predicting asset prices has always fascinated practitioners as well as academics. Despite the huge successes of simple models to explain the basic phenomena of asset prices, standard theories provide little guidance for a vast variety of practical challenges.

The tremendous post-crisis success of ETFs does generate the emergence of common ownership. Industry 4.0 and the digital economy deeply change the interconnection of productive firms as well as the relative allocation of labor and (machine) capital. Social security affects employee risk and the cost of labor. Will, and if so how will these developments affect asset prices?

Likewise, how can we attempt to understand the widely and robustly observed cyclicality in risk premia? How can bubbles emerge and which are the determinants that limit apparent (?) arbitrage opportunities?

Moreover, how are asset prices related to individual attitudes and behavior? Which are the determinants of trust and which are the asset pricing implications of breaking trust? Are environmental attitudes priced and (how) are environmentally friendly business models rewarded by the (anonymous) market?

Art der Leistungskontrolle und erlaubte Hilfsmittel

Seminar thesis (50%)
Presentation (25%)
Active discussion of work of peers (25%)

Attendance mandatory. Course organization will be introduced and the presentation schedule will be arranged in the first meeting at October 1st. Failure to show up in the first meeting may result in the non-availability of presentation slots.

Mindestanforderungen und Beurteilungsmaßstab

This is an advanced master-level seminar. It also serves as a potential basis for the preparation of a master thesis or other advanced work. Therefore, having passed successfully the course "Basics of Finance" and "Asset Pricing I" is a pre-requirement.

Grading is based on three elements:

1.The worked out seminar paper (50 points).
Each candidate has to submit a single-authored paper not exceeding 12 pages.
The seminar draft has to be submitted one week prior to the presentation in electronic form. This version is distributed to seminar participants in order to allow them preparation. After the presentation the paper can still be improved.
Final submission for all papers is July 1, 2019. Thereafter no corrections are possibly anymore.

2. Presentation of the seminar paper (25 points)
Presentations can be shared, but each candidate will be assessed on his/her own part.

3. Course participation (25 points)
Active preparation and participation are required as well as active reception and discussion of the work and presentations of peers. A seminar requires two-way communication, i.e. both a sender and a receiver. Accordingly, both roles will be relevant for grading.

Prüfungsstoff

Active participation in all presentations is required.

Literatur

A literture list will be introduced and made accessible (via Moodle) in the first meeting.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mi 03.07.2019 16:47