040016 KU Fixed Income Securities (MA) (2022W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Continuous assessment of course work

ON-SITE

Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Registration is open from Mo 12.09.2022 09:00 to Fr 23.09.2022 12:00
Registration is open from We 28.09.2022 09:00 to Th 29.09.2022 12:00
Deregistration possible until Fr 14.10.2022 23:59

Details

max. 50 participants

Language: English

Lecturers

Christian Westheide

Classes (iCal) - next class is marked with N

    
    Tuesday
    04.10.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    11.10.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    18.10.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    25.10.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    08.11.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    15.11.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    22.11.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    29.11.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    06.12.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    13.12.
    13:15 - 14:45
    Hörsaal 4  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Tuesday
    10.01.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    17.01.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    24.01.
    13:15 - 14:45
    Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Friday
    27.01.
    11:30 - 13:00
    Hörsaal 4  Oskar-Morgenstern-Platz 1  Erdgeschoß

Information

Aims, contents and method of the course

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

Assessment and permitted materials

The grade will be based on two exams on December, 13, and January, 31, and active class participation.

Minimum requirements and assessment criteria

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%.

Examination topics

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

Reading list

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.

Association in the course directory

Last modified: Tu 22.11.2022 09:48