Teaching
Summer Term 2021
Prof. Dr. Stefan Trautmann
Economic survey design (Lecture for Master, English language)
Prerequisites
The course is self-contained. Although the focus is on economic questions, students from other social and behavioral sciences will be able to follow the material.
Description
Survey data are widely used by economists in academic contexts, as well as in applied contexts in financial institutions, international organizations, or by policy makers.
80%: written exam (120 minutes), 20%: empirical tasks - designing and programming a survey; collecting data online.
References to relevant literature will be provided and discussed during the course.
There is no textbook.
Behavioral Finance (Lecture for Bachelor, English language)
Prerequisites
Knowledge of decision making under uncertainty and financial markets is strongly recommended.
Description
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The course provides a broad overview of the field of behavioral finance. It will introduce relevant psychological foundations, and apply these to explain market anomalies (investor behavior), financial behavior of consumers (household finance), and behavior of managers (behavioral corporate finance). The course is taught in weekly interactive meetings. Weekly advance preparation is necessary. The course follows the textbook by Ackert and Deaves, with additional research articles assigned for each week. |
Assessment
Exam: 120 minutes, multiple choice
Literature
Materials: Textbook by Ackert, L. and Deaves, R. (2010). Behavioral Finance: Psychology, Decision Making, and Markets. South-Western Cengage Learning. ISBN 978 0 538 752862 (required reading)
Dr. Yilong Xu
Semnar: Technology in finance: Blockchain, Cryptocurrencies and Smart Contracts
(Bachelor/weekly)
Contents
This course covers the recent development in blockchains, digital currencies, and related topics such as smart contracts. Perhaps Blockchain is one of the most significant innovations in the financial world since the advent of ledgers. The technology promises to solve major challenges in financial industry such as trust and reliability. This seminar explores the cutting-edge research in cryptocurrency and the technology behinds it from an economics perspective. We will look into advanced issues and challenges associated with the Blockchain technology. There is no prerequisite of the course, but solid economics or finance background (priority will be given to students who passed Corporate Finance or Behavioral Finance in the past) and some decent understanding of cryptocurrency is assumed. Please find DETAILS here.
Winter Term 2020
Prof. Dr. Stefan Trautmann
Lecture "Corporate Governance" (Bachelor, Deutsch)
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Description |
Uber, Airbnb and co: Is this the end for yellow cabs and classic hotels? A large company reports a gigantic loss – of course the departing CEO still gets millions in bonuses on top of his base salary. Are there really no alternatives to exorbitant bonus payments? What are “say on pay” and “claw-back” clauses in management compensation schemes? As an employer: Which tasks should I delegate to my employees, which ones should I take care of myself? How do I make sure my employees work productively if monitoring them is difficult? How do I reduce the potential negative consequences of competitive or performance-based pay? |
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Certificates |
120 minute multiple choice exam in German
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Literature |
Text book: |
Seminar „Bedingungsloses Grundeinkommen“ (Bachelor)
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Wednesday |
10:00 |
12:00 |
heiCONF |
The seminar studies the political and economic discussion around the universal basic income. The seminar is held in German. For details and for the application procedure see the attached pdf file.
Seminar “Financial Literacy” (Master)
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Thursday |
14:00 |
16:00 |
heiCONF |
Dr. Yilong Xu
Lecture "Corporate Finance" (Bachelor, PÖ4d English)
| Wednesday | 14:00 bis 17:00 | weekly | von 04.11.2020 | Xu |
In this course, students acquire knowledge of and insights into the important financial decisions taken by a corporation's financial manager: what investments should the corporation make? And how should it finance these projects? The course follows closely the structure of the book by Brealey, Mayers, and Allen (compulsory reading): Principles of Corporate Finance, 12th edition.
We study decisions pertaining to capital budgeting and investments. Topics such as cash flow analyses, capital budgeting techniques, bond and stock valuation, risk and return (portfolio theory and pricing models), efficient markets, corporate financing, issuance of bond and securities, options theory, will be discussed in lectures. If time allows, financial planning and the role of mergers and acquisitions and alternative corporate control mechanisms will be covered.
Final exam: multiple choice, 120 minutes.
Material: Brealey, Mayers and Allen, Principles of Corporate Finance, 13th ed.
Summer Term 2020
Prof. Dr. Stefan Trautmann
Economic survey design (Lecture for Master, English language)
Prerequisites
The course is self-contained. Although the focus is on economic questions, students from other social and behavioral sciences will be able to follow the material. The course is mostly non-technical.
Description
Survey data are widely used by economists in academic contexts, as well as in applied contexts in financial institutions, international organizations, or by policy makers. The collected information may concern consumers' or investors' behavior, attitudes, or economic expectations. Statistics and econometrics courses provide students with a tool box to analyze existing data, but they provide little guidance as to how collect new empirical data tailored to a specific empirical research question. This course is focused on data collection. Students will get acquainted with methods of how to collect data with surveys and experiments. They will learn about pros and cons of different methods, and how survey design should account for the respondents' background.
Assessment
Written exam (120 minutes), bonus credit for designing and programming a survey
Exam Results Aug-2020
Behavioral Finance (Lecture for Bachelor, English language)
Prerequisites
Knowledge of decision making under uncertainty and financial markets is strongly recommended.
Description
The course provides a broad overview of the field of behavioral finance. It will introduce relevant psychological foundations, and apply these to explain market anomalies (investor behavior), financial behavior of consumers (household finance), and behavior of managers (behavioral corporate finance). The course is taught in weekly interactive meetings. Weekly advance preparation is necessary. The course follows the textbook by Ackert and Deaves, with additional research articles assigned for each week.
Assessment
Written exam (120 minutes), multiple choice
Exam Results Aug-2020
Literature
Materials: Textbook by Ackert, L. and Deaves, R. (2010). Behavioral Finance: Psychology, Decision Making, and Markets. South-Western Cengage Learning. ISBN 978 0 538 752862 (required reading)
Religion und Ökonomie (Seminar für Bachelor, deutsch)
Beschreibung
Das Seminar beleuchtet den Zusammenhang von Religion und Ökonomie. Dies bezieht sich sowohl auf die ökonomischen Aspekte der Religiosität, als auch auf die ökonomischen Konsequenzen von Religion. Hierbei kann unterschieden werden zwischen den Konsequenzen von Aspekten des Glaubens (believing) und Aspekten der Mitgliedschaft in einer religiösen Gemeinschaft (belonging).
Literatur
Grundlagen und Überblick: Rachel M. McCleary and Robert J. Barro (2019). The Wealth of Religions. The Political Economy of Believing and Belonging. Princeton 2019.
Weitere Quellen in Form von Artikeln, Kapiteln aus Sammelbänden und Auszügen aus Büchern.
Aushang und Ablaufplan mit Literaturliste
Siehe PDF-Aushang für weitere Hinweise zum Format und Leistungsnachweisen (link).
Siehe den Ablaufplan für Hinweise zur Pflichtlektüre (link).
Anmeldung
Interessierte Studierende melden sich per Email bei Frau Schadt (schadt@uni-hd.de) bis zum 1.5.2020 an. Die Anmeldung muss den Namen, Studienfach, Matrikelnummer und das Studienfachsemester enthalten. Der Aushang und Ablaufplan werden als gelesen vorausgesetzt.
Studierende erhalten bis zum 6.5.2020 per Email Bescheid ob sie am Seminar teilnehmen können (bei zu hoher Anzahl von Anmeldungen wird nach Studiensemester ausgewählt). Sie erhalten dann auch den Moodle Einschreibschlüssel für den Kurs. Die Vorbesprechung des Seminars findet am 8.5.2020 um 10.00 Uhr online via Heiconf statt. Details werden für die TeilnehmerInnen im Moodle bereitgestellt.
