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Teaching

The 2021 summer semester is being planned as a digital semester. You will find the passwords for your moodlecourse on the LSF page. Moodle courses can usually be entered when the page for the course is fixed. Students do not have to apply for lectures before the exam period starts in July 2021. For seminars you usually have to register via email to the tutor. Please follow the LSF instructions of the courses.

 

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. 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

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      

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)

Lecture

Tue

9.00

12.00

heiCONF

Tutorial

Thu

14.00

16.00

heiCONF

Prerequisites

 Suitable proficiency in German and English. The lecture and tutorials are held in German. The main text book is also German, but the additional literature is mainly written in English.

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?
    First, we analyze relevant questions from the business world formally and then we discuss their empirics. The formal analysis closely follows the text book while the empirical part is based on publications from the field of economics and psychology. The goal is to link current academic research with the basic text book models.

Content

    Topics:
1.    The existence of organizations
2.    The role of monetary incentives; the principal-agent model
3.    Moral hazard with risk aversion
4.    Incentives, bonuses, and risky behavior in finance
5.    Team production, cooperation and coordination
6.    Organizational structures
7.    Contract theory and tournament incentives
8.    Participation and delegation
9.    Internal allocation of central resources
10.    Vertical (cross-hierarchy level) problems in organizations
11.    Horizontal (within-hierarchy level) problems in organizations
12.    Management problems, sabotage, workplace bullying, rat races
13.    The market for corporate governance
14.    Alternative types of business entities

Certificates

120 minute multiple choice exam in German

Results of the exam 2021-1

Results of the exam 2021-2

 

Literature

         Text book:
         Kräkel, M. (2012): Organisation und Management. 5./6. Auflage, Mohr Siebeck, Tübingen.
         Additional literature will be announced in the lecture.

 

Seminar „Bedingungsloses Grundeinkommen“ (Bachelor)

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)

Thursday

14:00

16:00

heiCONF

The seminar builds on material introduced in the BSc. course on Behavioral Finance (no required prerequisite), studying recent developments in the field of financial literacy. We will study empirical interventions and methodological advances, as well as theoretical aspects underlying the effects of financial literacy. For details and for the application procedure see the attached pdf file.

 

 

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.

Results of the exam 2021-1

Results of the exam 2021-2

 


 

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

INFORMATION PERSONAL DATA

Exam Results Aug-2020

Exam Results Oct-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

INFORMATION PERSONAL DATA

Exam Results Aug-2020

Exam Results Oct-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.

 



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Latest Revision: 2021-04-29
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