040016 KU Fixed Income Securities (MA) (2023W)

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 11.09.2023 09:00 to Fr 22.09.2023 12:00
Registration is open from Tu 26.09.2023 09:00 to We 27.09.2023 12:00
Deregistration possible until Fr 20.10.2023 23:59

Details

max. 50 participants

Language: English

Lecturers

Christian Westheide

Classes (iCal) - next class is marked with N

First exam: December 12, 18:30-20:00
Final exam: January 23, 18:30-20:00

    
    Tuesday
    03.10.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    10.10.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    17.10.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    24.10.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    31.10.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    07.11.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    14.11.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    21.11.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    28.11.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    05.12.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    12.12.
    18:30 - 20:00
    Hörsaal 4  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Tuesday
    09.01.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    16.01.
    13:15 - 14:45
    Hörsaal 10  Oskar-Morgenstern-Platz 1  2.Stock
    
    Tuesday
    23.01.
    18:30 - 20:00
    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, 12, and January, 23, 18:30-20:00, regular practice questions, 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% practive questions and 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 16.01.2024 13:45