|Course code: 71837||Subject title: Seminar in Finance and Markets|
|Credits: 1||Type of subject: Mandatory||Year: 1||Period: 2º S|
|FERRER ZUBIATE, ELENA||GONZALEZ URTEAGA, ANA (Resp)|
|MARTINEZ GARCIA, BEATRIZ|
Efficient Markets Hypothesis (EMH). Behavioural Finance. Credit Risk.
|Methodology-Activity||Classroom Teaching||Non-Classroom Teaching|
|A-1 Regular Participative Sessions||60|
|A-3 Discussion and group tutorials||25|
|A-5 Reading assigned material||40|
|A-6 Individual Study||50|
|A-7 Exams, evaluation exercises||10|
|A-8 Individual tutorials||10|
|GP1 GP2 SP1 SP2 SP3||A-1 A-2 A-3 A-4 A-5 A-6 A-7|
|Reading assigned material||20%|
|Discussion and group tutorials||30%|
|Exams, evaluation exercises||30%|
During this course we will tackle different key issues related with financial economics. The main goal is to provide students an overall picture of what does behavioral finance and credit risk. In order to reach that goal we have designed the course as two research seminars. This means that sessions will essentially evolve around the presentation and discussion of some selected key papers. Students are expected to play an active role in the seminar. Consequently students are asked to present the papers and to participate in the subsequent discussion.
Seminar in Finance and Markets
Bodie, Z. and R.C. Merton (1998), Finance, Prentice Hall.
Brealey, R.A., and S.C. Myers, 2003, Principles of Coporate Finance, McGraw-Hill, 7 ed.
Elton, E., Martin, J.G., Brown, S.J., and W.N. Goetzmann, 2003, Modern Portfolio Theory and Investment Analysis, John wiley &Sons, 6 ed.
Grinblatt, M. and S. Titman (2008), Financial Markets and Corporate Strategy. MacGraw Hill. 12 ed.
Hull, J.C., 2012, Risk management and financial institutions. Ed. Pearson.
Ross, S.a., R.W., Westerflied, and B.D. Jordan, 2000, Fundamentals of Corporate finance, McGraw-Hill, 5 ed.
Sharpe, W.F., G. J. Alensander, and J. V. Bailey, 1999, Investments, Prentice Hall, 6. Ed.
Baker, M., Wurgler, J., & Yu, Y. (2012). Global, local, and contagious investor sentiment. Journal of Financial Economics, 104, 272¿287.
Qian, H. (2009). Time variation in analyst optimism: An investor sentiment explanation. Journal of Behavioral Finance, 10, 182¿193.
Schmeling, M. 2009. Investor sentiment and stock returns: some international evidence. Journal of Empirical Finance 16: 394-408.
Stambaugh, R.F., Yu, J., & Yuan, Y. (2012). The short of it: investor sentiment and anomalies. Journal of Financial Economics, 104, 288-302.
Ballester, L., Casu, B., & Gonzalez-Urteaga, A. (2016). Bank fragility and contagion: Evidence from the CDS market. Journal of Empirical Finance, 38, 394-416
Public University of Navarre.