040074 SE Seminar (MA) (2020W)

Climate Risk

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Continuous assessment of course work

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 14.09.2020 09:00 to We 23.09.2020 12:00
Deregistration possible until Sa 31.10.2020 12:00

Details

max. 24 participants

Language: English

Lecturers

Thomas Gehrig

Classes (iCal) - next class is marked with N

The course takes place in the lecture hall; if classroom teaching should not be possible due to stricter Covid19 regulations, the course will be held digitally.

Final presentations Mo 25th January 2021, 3-9.30 p.m., Skylounge, OMP1, 12th floor

Participation at the final debate at Jan. 25, 2021, is key for a successful participation in the course.

According to new regulations as of Sep. 29th , the first meeting will take place online on Moodle (via Collaborate or via BBB). Any further information will be communicated via Moodle.

    
    Monday
    05.10.
    15:00 - 16:30
    Digital
Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Monday
    12.10.
    15:00 - 16:30
    Digital
Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Monday
    19.10.
    15:00 - 16:30
    Digital
Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Monday
    09.11.
    15:00 - 16:30
    Digital
Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Monday
    16.11.
    15:00 - 16:30
    Digital
Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Monday
    23.11.
    15:00 - 16:30
    Digital
Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Monday
    30.11.
    15:00 - 16:30
    Digital
Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Monday
    07.12.
    15:00 - 16:30
    Digital
Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Monday
    14.12.
    15:00 - 16:30
    Digital
Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Monday
    11.01.
    15:00 - 16:30
    Digital
Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Monday
    18.01.
    15:00 - 16:30
    Digital
Hörsaal 15  Oskar-Morgenstern-Platz 1  2.Stock
    
    Monday
    25.01.
    15:00 - 21:20
    Dummyraum

Information

Aims, contents and method of the course

The seminar provides an overview of the implications of climate risk on financial markets as well as the overall economy. Market reactions as well as market failures are addressed including policy options of financial markets (and monetary policy) to stimulate substitution to sustainable economic models of production and consumption.

Participants contribute to an overall debate at the final meeting by preparing a specific paper on a subtopic. The exchange of ideas and final discussion is the focal point of the seminar with the idea to summarize the current state of research on this topic as well as to identify open issues for further work.
1. Intergenerational Efficiency

2. Sustainable Finance (“Green Finance”)

3. Markets: Climate Risk and Asset Prices

4. Regulation and Monetary Policy
a. Climate stress tests
b. Systemic risk
c. Green collateral assets

Assessment and permitted materials

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.

Minimum requirements and assessment criteria

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" is a requirement as well as having successfully passed the course in “Asset Pricing I”.

Grading is based on three elements:

1.The worked out seminar paper (40 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 January 31, 2019. Thereafter no corrections are possibly anymore.

2. Presentation of the seminar paper (30 points)
Presentations can be shared, but each candidate will be assessed on his/her own part.

3. Course participation (30 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.

Examination topics

Seminar discussion

1. Intergenerational Efficiency