| Academic year: | 2007-2008 |
| Course code module | FUR000K012 |
| Semester: | 2nd semester |
| Credits: | 3 |
| Study load (hours) | 84 |
| Theory (hours): | 30,00 |
| Practice/Exercises(hours): | |
| Other (hours): | |
| Part-time program: | |
| Instructor(s) | Michel Dombrecht
|
| Language of instruction: | Dutch |
| Semester exam information: | |
| Contract restriction information: | |
1. Prerequisites
*Algemene competenties
elementary mathematics
elementary financial calculus
elementary macroeconomics
*Sequentiality
none
2. Objectives (expected learning outcomes)
understanding the movements of international asset prices, share prices, interest and exchange rates on the international financial markets. Understanding the interactions between them
3. Course content
discussion of the main statistics drivint he international financial transactions (such as the balance of payments statistic and its interpreation)
causes, dangers and cures of global imbalances
neoclassical views on economic trends, short term dynamics, monetary policy under flexible exchange rate regimes, implications for short term and long tem interest rates and for share prices and expected returns on stocks, implications for optimal asset alloction
empirical methods in finance: introduction to stochastics, data generating processes, unit root tests, cointegration, error correcting, Granger causality
derminants of exchange rates
specific financial markets such as those for options, futures and swaps, turbo's, CFD's
assignment: empirical analysis of comovements of international asset prices
4. Teaching method
Direct contact: Lectures
Personal work: Assignments - in groupPaper - in group
5. Assessment method
Exam: Written, without oral presentationClosed book
Continuous assessment: Assignments
Written assignment: Without oral presentation
6. Compulsory reading – study material
to be announced on blackboard
7. Recommended reading - study material
reading list will be announced on blackboard
8. Tutoring
to be announced on blackboard