Create your own exchange course in Economics (Fall semester)
An exchange course consists of 30 ECTS, and must include 1 project module.
International students can choose between 2 project modules and between 11 course modules. You must choose 1 project module and 2 or 3 project modules corresponding to 30 ECTS all together.
Project module (10 ECTS)
Existing and Emerging Trends within Economy
Course modules (20 ECTS)
Choose between:
*Course descriptions
Module: Advanced Finance (8th semester, 10 ECTS)
The module builds on the introductory finance theory from previous semesters, and through the module, the student will develop an understanding of the basis for fixed income analysis, including effective interest rates and concepts within the term structure of interest rates.
The student is introduced to introductory risk management in the form of duration, convexity, factor models, value-at-risk, and expected shortfall. Furthermore, the student will work with existing and emerging trends in advanced finance to build an understanding of interest rate derivatives such as forwards, swaps, futures, and options, convertible bonds, and term structure models.
Learning Objectives
KNOWLEDGE
The objective is that the student after the module possesses the necessary knowledge on:
- Theoretical as well as practical pricing of convertible and non-convertible bonds and interest rate derivatives.
- Risk measures for bonds.
- And be able to explain differences and similarities between methods in advanced finance, including being able to implement and account for theoretical pricing.
- Pricing of derivatives on interest rate products using analytical solutions.
SKILLS
The objective is that the student after the module possesses the necessary skills in:
- Theoretically distinguish and be able to explain differences and relationships between key trends and concepts related to pricing processes.
- Use numerical methods to calculate financial problems, including computer-generated paths for interest rate developments for pricing financial products.
- Read program code and adjust program code in solutions.
COMPETENCIES
The objective is that the student after the module possesses the necessary competences in:
- Practically implementing bond pricing.
- Communicating their insights into IT-developed solution methods through presentations.
- Critically evaluating the validity and precision of solutions from IT solution methods.
Module: Financial Unstability and Financial Crisis (8th semester, 10 ECTS)
Through this module, the student will gain insight into how the financial and economic crisis has posed a number of explanatory challenges to modern macroeconomic theory: how could the financial crisis arise without any warnings? How did a crisis in the financial sector propagate into a real economic crisis?
During the module, the student is introduced to how financial crises can arise. This is done by looking at both historical crises and establishing a theoretical foundation that explains how crises can occur. In addition to examining how financial crises can arise, the link between the financial side of the economy and the real side will also be explored: how does a financial crisis propagate into a real economic crisis?
Based on knowledge and theories about both historical crises and the current crisis, the causes of the crises will be discussed, as well as the possibilities for overcoming the crises.
Learning Objectives
KNOWLEDGE
The objective is that the student after the module possesses the necessary knowledge on:
- how financial crises can arise
- how financial instability can occur.
- how financial instability can spread to the real side of the economy.
SKILLS
The objective is that after the module the student has skills to:
- highlight the link between the financial side and the real side of the economy.
- explain and identify warning signs for an economy.
COMPETENCIES
The objective is that the student after the module possesses the necessary competences in:
- set up and understand financial models.
- assess and discuss how an economy can recover from a crisis.
