FI0860 Financial Engineering and Risk Management (Prer.: FI0351)
This course aims at demonstrating the practical use of financial derivative products to meet the needs of enterprises. Emphasis is placed on practical examples of transactions that provide students with the knowledge to understand and interpret complex deal structuring and risk management. It also examines the different types of financial risks that financial institutions are exposed to. It covers market risk, liquidity risk, settlement risk, credit risk, model risk and volatility risk. The course provides the student with an appreciation and practical knowledge of risk management techniques such as VAR, dynamic distribution analysis, stress testing and extreme value analysis.
AC0250 Advanced Financial Accounting (Prer.: AC0200)
This course aims to examine in depth particular topics on financial accounting. Such topics include, intangible assets and their valuation, international accounting, the International Financial Reporting Standards and the debates on harmonization and standardization.
AC0300 Management Accounting (Prer.: AC0200)
This is a course on cost and management accounting. The course focuses on some of the technical aspects of management accounting as well as on management control issues (the use of accounting information for planning and control). Techniques and issues related to activity based costing, target costing, transfer pricing and strategic management accounting, in their organizational context, will be addressed. Students will be required to read published academic research as well as practice based material.
FI0800 Financial Econometrics and Forecasting (Prer.: FI0700)
The aim of this course is to provide the student with a thorough knowledge of modern econometric and time series techniques in forecasting asset returns (equities, bonds and currencies) and risk (volatility). The course covers the topics of multiple regression, maximum likelihood, heteroscedasticity and autocorrelation, the method of moments, dummy variables, specification analysis, bayesian estimation, nonlinear regression models, models that use both time series and cross-sectional data, the seemingly unrelated regression model, co-integration and error correction, ARCH and GARCH models and the use of simulations in finance and financial data analysis.
EC0300 Household Finance (Prer.: EC0120)
This course presents topics on the new area of Household Finance, on the interface between Macroeconomics and Finance. This is not only an active area of frontier academic research, but also interesting and useful to people working in the financial sector, including central banks. The broad overall theme of the topics presented is household wealth management, namely analysis of household demand for assets and for loans. We focus mostly on risky financial assets, with stocks and mutual funds being prime examples, and on revolving consumer debt by use (or abuse) of credit cards. The course should appeal to a wide range of students, from those interested in understanding household preferences regarding financial products that can be of use in financial sector jobs, to those who are more academically oriented and who want to study intertemporal portfolio selection in the face of labor income risk for which one cannot buy insurance. An explicit aim of the course is to stress the intuition behind the results and to provide students with basic understanding of key findings in recent, mostly empirical but also computational, research on household portfolios.