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| FINA0068-1 | Applied Financial Instruments
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| Durée : | 45h Th |
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| Nom du professeur : | Marie Lambert, Aline Muller |
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| Coordinateur(s) : | N... |
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Langue(s) du cours :
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| Langue anglaise |
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Organisation et évaluation :
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| Enseignement au deuxième quadrimestre |
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Contenus du cours :
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| The 'Applied Financial Instruments' course provides an introduction to empirical methods that play an important role in finance and management. We will go over selected topics in asset pricing (Capital Asset Pricing Model, portfolio theory and domestic/international diversification, event study analysis,...), management decision-making (discounted cash flow method, project Net Present Value and investment decisions, bond pricing, asset and liability management, firm valuation, decision trees, ...) and related fields.
The course will be conducted in an interactive fashion. A topic will be selected for each session. The methodological framework will be outlined and we will accompany participants' first steps in the empirical implementation of the solution. |
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Acquis d'apprentissage (objectifs d'apprentissage) du cours :
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| The course provides students with a deep understanding of management disciplines such as corporate finance and market finance. Through the assigned problem sets, students will develop their analytical and modelling skills in finance as well as strengthen their communication skills in English. Especially, students will improve participants' skills in empirical analysis - skills and competences that will turn out to be crucial not only for the group and individual tasks they will have to deliver during their master studies but as well for the empirical work of their master thesis. |
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Prérequis et corequis / Modules de cours optionnels recommandés :
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| Basics of financial markets and financial mathematics |
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Activités d'apprentissage prévues et méthodes d'enseignement :
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| The course is structured with two lectures per week: 1.5 hours lecture and 1 hour presentation on Thursdays, and 2 hours technical tutorial class on Fridays.
Each pair of sessions will be devoted to the methodological framework typically used to analyze a central question in finance and management. The goal is not to provide an exhaustive survey or coverage of empirical methods in finance and management. Instead, we will focus on understanding why a particular empirical methodology has been chosen, why is it best adapted to the problem at hand, and how is it used in practice.
Participants will be expected to make a presentation outlining the empirical issues and the solutions proposed. This should train participants to collect data and, most importantly, to focus on the practical use of two major softwares (Excel and Eviews). |
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Mode d'enseignement (présentiel ; enseignement à distance) :
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| Face-to-face lectures are designed to transfer the fundamental concepts in corporate finance and market finance. Technical tutorials enable students to apply the tools acquired during the class on key financial problems. |
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Lectures recommandées ou obligatoires et notes de cours :
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| Book chapters and scientific articles will be announced during the class. |
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Modalités d'évaluation et critères :
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| The students' modeling skills and their ability to solve a complex problem in financial management will be tested on a continuous basis : group work will weight for 40% of their continuous evaluation and students will receive an individual grade of 20% for their individual participation to case study presentations.
An oral exam (40%) will assess the understanding of the financial theories and principles seen during the class as well as the students' analytical decomposition of a financial problem. |
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Stage(s) :
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Remarques organisationnelles :
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Contacts :
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| Aline Muller, Ph.D. | Ethias Chair in Asset & Risk Management | Professor of Finance
HEC - Management School of the University of Liège (Belgium) & Maastricht University (The Netherlands)
Rue Saint Gilles 35, Bldg. N2, B-4000 Liège Belgium
tel : 0032 4 232 7435 / fax: 0032 4 232 7376 / email : aline.muller@ulg.ac.be / website: www.finance.hec.ulg.ac.be
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Marie Lambert, Ph.D. | Transeo and BNP Paribas Chair in Corporate Finance |Assistant Professor | Corporate Finance and Financial Analysis | HEC-Management School of the University of Liège |
Rue Louvrex 14, Bldg. N1, B-4000 Liège Belgium
Phone: +32 4 232 74 32 / email : marie.lambert@ulg.ac.be
Tutor : Joachim Davoli - joachim.davoli@ulg.ac.be |
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