Finance I, II and III
Contents The object of this course is to give the participants knowledge of essential financial theories, in particular those developed in the last two decades. The share, bond, option and forward markets will be analysed. Books and journal articles for the course are chosen so that the participants acquire the basic knowledge for developing results independently. A further aim is to enable participants to read theoretical financial articles in e.g.
Mathematical Finance and
Econometrica.
Textbooks Extracts from the following books:
Dothan, M.U.:
Prices in Financial Markets, Oxford, 1990.
Duffie, D.:
Dynamic Asset Pricing Theory, Princeton, 1996.
Merton, R.C.:
Continuous-Time Finance, Blackwell, 1996.
Furthermore, articles and working papers will be used.
Evaluation The course is a three semester course. No separate examination will be held, but the participants must be prepared to present results and make oral presentations frequently. Throughout the course many assignments will be set, which must be completed satisfactorily.
ECTS-credits 10 per semester.
Semester Finance 1: Fall 2002, Finance II: Spring 2003, Finance III: Fall 2001.