AØKA08166U  Behavioral Finance (F)

Volume 2017/2018
Education

MSc programme in Economics – elective course

The course is part of the MSc programme in Economics, Financial line, symbolized by ‘F’.

Content

Traditional economic theory assumes that economic agents are fully rational with unlimited cognitive abilities and willpower. However, individuals frequently and systematically make decisions in contradiction with these standard presumptions. Against the background of this finding the course addresses e.g. the following questions:

  • What are the shortcomings of traditional theories in economics and finance?

  • How do the new concepts / theories in behavioral finance and behavioral economics address these shortcomings?

  • How do these new theories relate to the traditional theories and what are their strengths and limitations?

  • How do the new behavioral presumptions in behavioral finance and economics change the predictions of classical economic theories?

Learning Outcome

After completing the course, the student should be able to:

Knowledge:

  • be introduced to the field of behavioral finance.

  • understand how behavioral finance and economics attempts to understand the most important systematic behavioral departures from standard economic theories.

  • provide an in-depth overview of the most important seminal works in behavioral finance

  • be aware of the impact and relevance of the new concepts and theories presented in these seminal works.

Skills:

  • critically assess and relate the new concepts and the supporting empirical evidence put forward in the hitherto existing seminal works in behavioral finance.

  • present these new and often complex concepts in a simple / clear, but not superficial way.

Competencies:

  • apply the empirical and theoretical knowledge and the skills obtained in this course to understand real-world behavioral phenomena that lie beyond the scope of this course.

  • use their newly obtained knowledge and skills to solve decision problems that lie outside the scope of the course.

A list of required readings will be given to the students in the beginning of the course

A sound knowledge of microeconomics and game theory is required.
In the first week of the course there will be an opening lecture during which also all organizational issues are discussed. In all the following weeks there will be lectures on different topics in behavioral finance and economics. There will be an assignment with exercises which has to be handed in the second part of the course.
Schedule:
2 hours lectures 1 to 2 times a week from week 36 to 50 (except week 42).

The overall schema for the Master can be seen at https:/​/​intranet.ku.dk/​economics_ma/​courses/​CourseCatalogue-E17/​Courseschema/​Pages/​default.aspx

Timetable and venue:
To see the time and location of lectures please press the link under "Se skema" (See schedule) at the right side of this page. E means Autumn.

You can find the similar information partly in English at
https:/​​/​​skema.ku.dk/​​ku1718/​​uk/​​module.htm
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-E17; [Name of course]””
-Select Report Type: “List – Weekdays”
-Select Period: “Efterår/Autumn – Weeks 31-5”
Press: “ View Timetable”
Credit
7,5 ECTS
Type of assessment
Written examination, 2 hours under invigilation
individual closed-book at the computers of Copenhagen University.
The exam assignment is in English and must be answered in English.
Exam registration requirements

One assignment must be approved for students to be able to sit the exam.

Aid
Without aids
Marking scale
7-point grading scale
Censorship form
External censorship
if chosen by the Head of Studies.
Exam period

for the autumn semester 2017:

19 December 2017

The written exam takes place in the exam venues of the university 

The exact time and room of the exam will be informed in the Self-Service at KUnet

For enrolled students more information about examination, rules, exam schedule etc. is available at the intranet for master students (UK) and master students (DK).

Re-exam

for the autumn semester 2017:

19 February 2018

The written exam takes place in the exam venues of the university 

The exact time and room of the exam will be informed in the Self-Service at KUnet

If only a few students have registered the exam it might change to oral including the date, time and place, which will be informed in KUNet or by the Examination Office.

More information about reexamination, rules, schedule etc. is available at the intranet for master students (UK) and master students (DK).

 

Criteria for exam assesment

Students are assessed on the extent to which they master the learning outcome for the course.

To receive the top grade, the student must be able to demonstrate in an excellent manner that he or she has acquired and can make use of the knowledge, skills and competencies listed in the learning outcomes.

  • Category
  • Hours
  • Lectures
  • 42
  • Preparation
  • 162
  • Exam
  • 2
  • Total
  • 206