Finansiering och investering behandlar alla centrala teman inom, och ger de grundläggande insikterna i ämnet finansiell ekonomi och i finansiellt beslutsfattande. Kursen behandlar främst tillämpningar i företag, men även privatekonomiska frågeställningar och tillämpningar ingår.

Obligatorisk grundkurs inom kandidatexamen.

The purpose of the course is to give insights in the functioning of financial markets and the fundamentals of the pricing of various kinds of financial securities and derivatives such as fixed income securities, foreign exchange, forwards and futures, options and swaps.

The main objective of the course is to provide deeper understanding of various advanced topics in asset pricing and corporate finance. Most of these topics will be theoretical in nature, but some relevant empirical analyses will also be discussed. Some of the major issues that will be covered include utility specifications, analysis of optimal portfolio/consumption choices under uncertainty, multifactor models, and other asset pricing models. We will also look more in depth into corporate finance theory, especially capital market efficiency, agency theory, and capital structure. Some special topics related to option pricing, credit risk, political uncertainty, and new financial technologies can also be discussed.

The course develops a framework for value investing based on a modern treatment of the Graham and Dodd approach to investment management. The course covers the search for undervalued stocks, the valuation of stocks that pass the screening process, and the investment decision to buy a stock if its price is below the intrinsic value by a margin of safety.

Value_Investing_syllabus_2020_summer_May 20.pdfValue_Investing_syllabus_2020_summer_May 20.pdf