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Les deux révisions précédentes Révision précédente Prochaine révision | Révision précédente | ||
en:ddefimode [2021/08/27 10:15] – [Course metadata] cpouet | en:ddefimode [2021/09/07 15:15] (Version actuelle) – [Course content] rbourles | ||
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+ | =====Course unit: Models and Decisions ===== | ||
+ | ==== Course metadata ==== | ||
+ | * Title in French: Modèles et Décisions | ||
+ | * Course code: tba | ||
+ | * ECTS credits: 3 | ||
+ | * Teaching hours: 72h | ||
+ | * Type: ground course | ||
+ | * Language of instruction: | ||
+ | * Coordinator: | ||
+ | * Instructor(s): | ||
+ | * //Last update 27/08/2021 by C. Pouet// | ||
+ | |||
+ | ==== Brief description ==== | ||
+ | |||
+ | This course unit is divided into three parts: | ||
+ | * ** Risk and decision ** (24 hours) taught by Dominique Henriet and Clément Depoutre | ||
+ | * ** Statistics and decisions ** (24 hours) taught by Christophe Pouet | ||
+ | * ** Corporate finance ** (24 hours) taught by Gaël Leboeuf | ||
+ | |||
+ | ==== Learning outcomes ==== | ||
+ | |||
+ | * Understand how to take decision under uncertainty | ||
+ | * Learn how to assess risk and how to compare risky situations | ||
+ | * Learn how to model, estimate and predict time series | ||
+ | * Understand how capital structure affects the value of the firm | ||
+ | |||
+ | ==== Course content ==== | ||
+ | === Risk and decision === | ||
+ | - Introduction: | ||
+ | - Risk measure | ||
+ | - Expected utility | ||
+ | - Supply and demand: the price of risk | ||
+ | - The value of information | ||
+ | - Market & Counterparty Risk Management | ||
+ | |||
+ | === Statistics and decisions === | ||
+ | - Reminder on probability: | ||
+ | - Stochastic processes in discrete and continuous time | ||
+ | - ARMA process: definition, existence, characteristics (autocovariance, | ||
+ | - Estimation of ARMA processes: identification, | ||
+ | - Extensions: SARIMA, ARCH and GARCH processes | ||
+ | |||
+ | === Corporate finance=== | ||
+ | - The Corporation | ||
+ | - Introduction to Financial Statements Analysis | ||
+ | - Financial Decision Making and the Law of One Price | ||
+ | - The Time Value of Money | ||
+ | - Investment Decision Rules | ||
+ | - Fundamentals of Capital Budgeting | ||
+ | - Capital Markets and The Pricing of Risk | ||
+ | - Optimal Portfolio Choice and the Capital Asset Pricing Model | ||
+ | - Estimatong the Cost of Capital | ||
+ | - Capital Structure in a Perfect Market | ||
+ | - Mergers and Acquisitiions | ||
+ | |||
+ | |||
+ | ==== Bibliography ==== | ||
+ | Check the availability of the books below at [[https:// | ||
+ | - Risk and decision | ||
+ | * [[http:// | ||
+ | * Gollier, C., Schlesinger, | ||
+ | - Statistics and decisions | ||
+ | * course handout | ||
+ | * Brockwell, P.J. and Davis, R.A. (1991). Time Series: Theory and Methods. Second Edition. New York: Springer Verlag. | ||
+ | * Box, J.E.P. and Jenkins, G.M. (1970). Time Series Analysis; Forecasting and Control. San Francisco: Holden Day. | ||
+ | - Corporate finance | ||
+ | * Berk, J. and DeMarzo, P. (2019) Corporate finance. Prentice Hall; 5th edition. | ||
+ | * [[http:// | ||
+ | * [[http:// | ||
+ | * [[http:// | ||
+ | * [[https:// | ||
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