BFC-M-01: Financial Innovation
Winter Term 2019/2020
This course enables students to understand and analyze the most important financial innovations. They learn the valuation of Forwards/Futures and their use in risk management. Furthermore, options are priced in discrete and continuous time. Students learn the binomial model, the Black/Scholes model and its extensions (structured products, American contracts). In addition, we consider options on futures, which are of high practical relevance. A particular focus is put on the state preference theory and its implication for valuation purposes (the optimal asset allocation on a complete market, the assessment of risk and the risk neutral probability measure). The module is organized as follows:
- Forward and Futures
- Option Markets
- Binomial Option Pricing
- Black/Scholes World
- Generalizations of the Black/Scholes World
- Options on Futures
The practical implementation of theoretical concepts is also studied in the context of mini case studies and problems.
Course and exam language: German
The Module in the Study Program
- Module: BFC-M-01
- Course level: Master
- Recommended semester: 1-2
- ECTS-Credits: 6
- For information on the status of the course in the study program please refer to the website of the examining board ("Prüfungsausschuss")
Bibliography & Course Material
The corresponding bibliography and further information on the course can be found in the course catalogue ("Modulhandbuch") available for download through http://www.uni-bamberg.de/sowi/pa/bwlewwipaed/aushang-alle-studiengaenge/.
Course material as well as a detailed course syllabus will be provided on the Virtual Campus. The access code will be communicated in the course of the first lecture and may be requested by e-mail to bwl-bfc(at)uni-bamberg.de.
Registration & Scheduling
Registration and deregistration for the exam online through FlexNow! during the official registration period of the Faculty for Social Sciences, Economics, and Business Administration.
- BFC-M-01: Financial Innovation
- 2 SWS
- Matthias Muck , Philipp Kleffel , Thomas Schmidl
- BFC-M-01: Financial Innovation, Übung (Gruppe A)
- Philipp Kleffel
- BFC-M-01: Financial Innovation, Übung (Gruppe B)
- Philipp Kleffel
- BFC-M-01: Financial Innovation, Übung (Gruppe C)
- Thomas Schmidl