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Syllabus

Titel
4743 International Financial Management I
LV-Leiter/innen
Dr. Thomas Nagel
Kontakt
  • LV-Typ
    PI
  • Semesterstunden
    2
  • Unterrichtssprache
    Englisch
Anmeldung
12.02.2019 bis 20.02.2019
Anmeldung über LPIS
Hinweise zur LV
Planpunkt(e) Bachelor
Termine
Wochentag Datum Uhrzeit Raum
Freitag 12.04.2019 15:00 - 19:00 TC.4.15
Freitag 03.05.2019 15:00 - 19:00 TC.4.15
Freitag 10.05.2019 15:30 - 19:00 TC.4.15
Freitag 17.05.2019 15:00 - 19:00 TC.4.15
Freitag 24.05.2019 15:00 - 19:00 TC.4.15
Freitag 31.05.2019 15:00 - 19:00 TC.4.15
Mittwoch 19.06.2019 17:00 - 19:00 TC.0.10 Audimax

Inhalte der LV

Introduction and Motivation of the Course Goals
Basic Concepts (Cost of Capital, Valuation and Valuation Shortcuts, YTM of Bonds, EXCEL Solver, Basic Concepts of Uncertainty)
Expected Portfolio Return and Portfolio Risk
Implementation in Practice (Scenario-based implementation, Implementation based on historical data)
Market Risk, Unique Risk and Diversification
Beta
Efficient Portfolios
Portfolio Management without Risk-Free Borrowing/Lending
Portfolio Management with Risk-Free Borrowing/Lending
Sharpe Ratio
Capital Asset Pricing Model (CAPM) - Deriving the Cost of Capital from a Risk-Return Relationship (Capital Market Line, Security Market Line, Implementation in Practice)
Capital Structure and Cost of Capital
Weighted Average Cost of Capital
Use of Cost of Capital (Stock Valuation, Capital Budgeting, Business Valuation)

Lernergebnisse (Learning Outcomes)

This course intends to give you an understanding in portfolio management. Especially the diversification principle and the separation between market risk and unique risk shall be internalised. On this basis, you will be made familiar with the CAPM which in good practice is used to derive the cost of capital, acting as a discount rate in stock valuation, capital budgeting or modern business valuation. You will be provided with important concepts both for personal and for corporate application. Special emphasis is put on the practical implementation and application of the concepts. Techniques will be developed to solve practical financial problems. You will learn how to use the EXCEL Solver (with and without constraints) to solve practical problems.

Regelung zur Anwesenheit

For this lecture participation is obligatory. Students are allowed to miss a maximum of 30%.

Lehr-/Lerndesign

Based on an explanation of the underlying theoretical concept, small practical problems ("examples") are solved. When useful, examples are interpreted from an economic point of view. At the end of each lecture day, mandatory homework exercises will be announced to be handed in at the beginning of the next lecture day. Moreover, the course includes many optional homework exercises, that enable the students to test their knowledge. Some of the examples and exercises are linked in a case study like manner to provide more insight into existing cross links. To further link knowledge acquired in the individual examples, optional case studies represent more complex situations where knowledge has to be transferred from small examples to a comprehensive real world problem (i.e. the students have to put the pieces together). Enough room will be reserved for enrichment by means of newspaper material, journal articles, software screen shots and so on as well as for class discussions.

Leistung(en) für eine Beurteilung

10 % Mandatory homework exercises A

10 % Mandatory homework exercises B

10 % Mandatory homework exercises C

70 % Final exam (individual work)

 

Teilnahmevoraussetzung(en) und Vergabe von Wartelistenplätzen

For participants of the Cross-Functional Management Program and WU-incomings only

For questions concerning enrolment and waiting lists please contact the Coordinator of the Cross-Functional Management Programme at cfm@wu.ac.at

All students must attend the first class!


Literatur

1 Autor/in: Frühwirth Manfred
Titel: International Financial Management I, Part I & Part II

Verlag: erhältlich bei Management Book Service
Auflage: WS 2016/17
Jahr: 2016
Prüfungsstoff: Ja
Empfehlung: Unbedingt notwendige Studienliteratur für alle Studierenden
Art: Skriptum
2 Autor/in: Brealey/Myers/Allen
Titel: Principles of Corporate Finance

Verlag: McGraw-Hill
Auflage: 8th edition
Anmerkungen: pp. 57–76, 91-93, 146-192, 206-233
Jahr: 2005
Prüfungsstoff: Ja
Empfehlung: Referenzliteratur
Art: Buch
3 Autor/in: Bodie/Merton
Titel: Finance

Verlag: Prentice-Hall
Auflage: preliminary edition
Jahr: 1998
Prüfungsstoff: Ja
Empfehlung: Referenzliteratur
Art: Buch
4 Autor/in: Berk/DeMarzo
Titel: Corporate Finance

Verlag: Pearson
Auflage: 1. international edition
Jahr: 2007
Prüfungsstoff: Ja
Empfehlung: Referenzliteratur
Art: Buch
5 Autor/in: Gitman
Titel: Principles of Managerial Finance

Auflage: 11th edition
Jahr: 2006
Prüfungsstoff: Ja
Empfehlung: Referenzliteratur
Art: Buch

Erreichbarkeit des/der Vortragenden

Dr. Thomas Nagel: Thomas.Nagel@wu.ac.at

Foradministrative matters and registration please contact cfm@wu.ac.at

Zuletzt bearbeitet: 30.10.2018



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