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Advanced Security Markets and Financial Contracts 7,5 Credits

Course Contents

The course focuses on the economic analysis of the different types of securities and contracts used in financial transactions, and the markets in which they are traded. After a brief review of investment decisions and the valuation of business units, the theory of choice under risk and its application to models of asset pricing are covered. Arbitrage pricing is also considered, both as a general asset pricing strategy, and in connection with specific models, such as those conventionally used in option pricing.
The main types of securities considered are bonds and debt securities in general, and shares of the stock of companies. In either case, we consider both the general structure of the securities of the respective type, and the implications of the structure for the determination of the firms’ optimal financial structure.
A specific part of the course covers models of dynamic optimisation. These models allow tackling business problems which entail related optimising decisions made at distinct points in time, such as the optimal timing of the launching of new products, optimal R&D strategies, inventory management and the renewal of machinery.

Prerequisites

Bachelor's degree in Business Administration or Economics (or the equivalent).

Level of Education: Master
Course code/Ladok code: JASR24
The course is conducted at: Jönköping International Business School

Previous and ongoing course occasions

Type of course
Program
Study type
Campus
Semester
Autumn 2017: Oct 23 - Jan 14
Rate of Study
50%
Language
English
Location
Jönköping
Time
Day
Course coordinator
Agostino Manduchi
Tuition fees do NOT apply for EU/EEA citizens or exchange students
15000kr
Syllabus
HTML  PDF
Application code
HJ-J7111
Last modified 2023-02-22 09:12:04