Electives

Lecturers: Rui Silva and Alexander Guembel

Through in-depth cases and discussion of topical issues, discover the multitude of ways that corporate finance theory can be applied to practical problems, with all the complexities that the real world entails. Cover advanced topics in valuation and financing.

Lecturer: Samuli Knupfer

In the past, the field of finance developed a successful paradigm based on the assumption that investors and managers are rational and that the market is efficient. Anecdotal evidence and research means we now know that this paradigm is insufficient to describe real financial markets. This course adds institutional, social, cognitive, and emotional biases into an analysis of financial market phenomena.

Lecturer: Stephen Schaefer

Gain an in-depth understanding of credit risk, with a balance between a sound conceptual framework and market understanding and insight. Understand how it is priced, how it is traded, the instruments available for managing credit exposure and the different approaches to assessing default risk.

Lecturer: Peter Feldhutter

Become a sophisticated and informed user of derivative instruments such as futures, swaps and options. Develop a sound understanding of the real-world details of the products and the models used to analyse them, as well as their limitations.

Lecturer: Suleyman Basak

Gain the skills to value, hedge and manage the risk of a wide variety of derivatives and structured products. Develop and implement frameworks for the analysis and management of financial risk in a variety of economic contexts. The course adopts cutting-edge quantitative methods and employs continuous-time mathematics, however practical applications are emphasised.

Lecturer: Suleyman Basak

Undertake a rigorous study of fixed income securities on this quantitative course. Learn how to manage interest rate risk, how to value securities with cash flows that are sensitive to movements in interest rates and how to determine the optimal exercise policy for a variety of embedded options in fixed income securities. Critically analyse government bonds, bond futures and options, floating rate notes, callable and putable bonds, caps, floors, swaps, interest-rate exotics, among many others.

Lecturer: Narayan Naik

Discover the modus operandi of hedge funds, their model of aligning the interests of investors and managers, their legal, organisational and operational structures, their risk-return characteristics, and the likelihood of their success in the future.

Lecturer: Christian Heyerdahl-Larsen

Develop an integrated view of international financial markets and the management of multinational firms. Focus is on markets for spot exchange, currency forwards, options, swaps, international bonds and international equities. Study the valuation of instruments traded in these markets and the application of these instruments.

Lecturer: Karl Lins

Gain a 360 view of project finance, and develop a framework for understanding the many ways it can be used to mitigate specific risks and provide incentives, while also assessing its limitations.

Lecturer: João Cocco

Develop the insights and tools to understand real estate markets and for managing real estate assets, with a focus on value creation. With a focus on commercial real estate, explore valuation and investment analysis, financing, economic, legal, political and taxation issues and recent trends and challenges.

Lecturer: Irem Tuna

In this course, we will cover various communication channels managers can use to inform stakeholders and the role of the information intermediaries in the financial communication process. With the advance of new communication channels such as the use of social media by corporations in addition to the continued scrutiny on regular communication channels such as earnings announcements and conference calls, investor relations and corporate communications is an important function.

Lecturer: Eli Amir

Explore the financial reporting and analysis of transactions and restructurings, including mergers and acquisitions, spin-offs, joint ventures, stock repurchases, dual listed companies, carve-outs, leveraged buyouts and recaps.

Lecturer: Scott Richardson

We will focus on the valuation of securities that embed credit risk (corporate bonds, credit default swaps and others) to understand how to build a superior credit portfolio. In addition to understanding the drivers of returns, risk and trading costs of credit related securities, you will develop investment skills via experiential learning utilising financial industry tools.

Lecturers: Elias Papaioannou and Paolo Surico

Acquire a thorough framework for evaluating the risks and rewards of doing business in the main emerging markets of Eastern Europe, Latin America, South East Asia and Africa.

Lecturers: Hélène Rey

Develop deep insights into how the international financial environment impacts firms in a globalised economy. Discover how to assess the impact of economic policy shocks and financial disturbances on financial markets, exchange rates and capital flows.

Lecturer: Tolga Tezcan and Nicos Savva

Learn about the emerging field of business analytics (BA) or data mining and expand your analytical tool kit by analysing massive data sets. Learn advanced data query techniques, data cleaning and organization, explore various machine learning techniques including supervised and unsupervised classification schemes, text classification, clustering techniques as well as predictive analytics. Gain hands-on experience with a variety of software tools, including Tableau and XLMiner.

Lecturer: Derek Bunn

Learn the fundamentals of power system economics and explore the impact of structural and strategic changes affecting the industry, such as investment issues and technology. Develop an understanding of how the wholesale and retail markets for electricity work and how to model their price and implications. While this course focuses mainly upon electricity, it will also give you insights into the issues affecting the oil and gas industries.