After successful completion of the course, students are able to value unconditional forward contracts and to use them to hedge against foreign exchange risks, interest rate risks, or commodity price risks to increase the firm value.
Furthermore students will be able to value conditional forward contracts and to use them for hedging purposes to increase the firm value.
Forward and Futures
Options
IFRS financial statement issues and valuation methods
Fair Value Hedging, Cash Flow Hedging, Net Investment Hedging
Presentation of main teaching topics;
Calculation and discussion of exercises;
Discussion of cases
Test 1 (topics of the examination: written, solving of short case examples, achievable number of points: 40)
Test 2 (topics of the examination: written, solving of short case examples, achievable number of points: 40)
Several Take Home Exams (Solving of a case examples, in total achievable number of points: 20)
Knowledge of the topics taught in the course:
* Project and Enterprise Financing (320.214)