Course teacher(s)
Roland GILLET (Coordinator)ECTS credits
5
Language(s) of instruction
english, french
Course content
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Concept of price and value in Modern Finance;
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criteria of the investor under risk;
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What remuneration is the investor entitled to claim?;
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Forecast cash flows;
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Criteria for selecting assets and projects;
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Other factors affecting the investment decision;
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Efficiency and microstructure of the financial markets;
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Bubbles and financial crises!
Objectives (and/or specific learning outcomes)
At the end of the course, students will be able to:
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Understand and master the fundamental concepts of the investment decision;
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Use these concepts in practice in order to offer robust solutions to the actors involved.
Teaching methods and learning activities
As part of the course, we diversify the teaching methods:
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Flipped classeroom: preparation of theoretical material in advance (at home and in the classroom);
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Individual and / or group presentations;
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Case studies and rigourous analyzes on the investment decision theme;
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Q & A sessions.
References, bibliography, and recommended reading
Here are some recommended readings:
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A. Brealey, S.C. Myers and F. Allen - Principles of Corporate Finance – 12th Edition – 2017, McGraw-Hill Ed.
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S. Bodie, R.C. Merton and D.L. Cleeton – Financial Economics, 2008 – 2th Edition – Prentice Hall
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W.F. Sharpe, G.J. Alexander and J.V. Bailey – Fundamentals of Investments, 2001 - 3rd Edition, Peason Ed.
Contribution to the teaching profile
The course contributes to the following objectives of the Master program in Economics (Focus Business Economics):
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Thorough and critical understanding of fundamental economic concepts and models as they apply to decisions made by individuals, firms and policy-makers;
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Thorough and critical understanding of methods and tools for data analysis;
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Thorough and critical understanding of the working, benefits and limits of markets, as well as regulatory approaches and their limitations;
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Thorough knowledge of corporate financial techniques, reporting standards and practices;
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Knowledge of the key mechanisms of economic governance, at the European and national levels;
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Identify and apply the relevant analytical tools and scientific concepts to analyze an economic problem in depth;
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Take the perspectives and incentives of different stakeholders into account to ensure accurate problem analysis and effective implementation of projects or decisions;
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Keep up to date about political and economic developments to improve business practice;
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Display critical thinking;
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Understand, analyse and evaluate with rigor;
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Communicate with impact.
Other information
Evaluation
Method(s) of evaluation
- Other
Other
The assessment of students is based on:
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Ongoing evaluation (presentation and group and individual work);
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and or a final exam including knowledge questions and open-ended questions.
Language(s) of evaluation
- english
- french