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This entry is from Winter semester 2019/20 and might be obsolete. You can find a current equivalent here.

Asset Pricing Theory/Capital Market Theory
(dt. Asset Pricing Theory/Capital Market Theory)

Level, degree of commitment Specialization module, compulsory elective module
Forms of teaching and learning,
workload		 Lecture,
180 hours (attendance: 45 hours preparation and follow-up: 67 hours exam preparation: 68 hours)
Credit points,
formal requirements		 6 CP
Course requirement(s): Protocol of a guest lecture on Accounting and Finance (1-2 pages)
Examination type: Written examination
Language,
Grading		 Lehrsprache: English Prüfungssprache: German/English,
The grading is done with 0 to 15 points according to the examination regulations for the degree program M.Sc. Business Administration.
Duration,
frequency		 One semester,
each winter semester
Person in charge of the module's outline Prof. Dr. Bernhard Nietert

Contents

General valuation theory (arbitrage theory, law of one price and utility-oriented valuation), valuation of derivatives, interest rate structure theory, special aspects of valuation (CAPM as a special case of utility-oriented valuation and APT, company valuation, real options).

Risk and risk preferences, portfolio selection theory (basic form and extensions), CAPM (basic form and extensions)


Qualification Goals

Students will learn techniques for decision-making under risk and for valuing risky cash flows. In addition, students will be taught in-depth and specialized application skills as well as the ability to further develop solution approaches.


Prerequisites

None.


Applicability

Module imported from M.Sc. Business Administration.

When studying M.Sc. Business Mathematics, this module can be attended in the study area Modules in Business Administration and Economics.

Die Wahlmöglichkeit des Moduls ist dadurch beschränkt, dass es dem Schwerpunkt Accounting and Finance zugeordnet ist.


Recommended Reading

  • Lecture notes, collection of exercises, control questions



Please note:

This page describes a module according to the latest valid module guide in Winter semester 2019/20. Most rules valid for a module are not covered by the examination regulations and can therefore be updated on a semesterly basis. The following versions are available in the online module guide:

The module guide contains all modules, independent of the current event offer. Please compare the current course catalogue in Marvin.

The information in this online module guide was created automatically. Legally binding is only the information in the examination regulations (Prüfungsordnung). If you notice any discrepancies or errors, we would be grateful for any advice.