AØKA08166U Behavioral Finance (F)
MSc programme in Economics – elective course
The course is part of the MSc programme in Economics, Financial line, symbolized by ‘F’.
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?
After completing the course the student is expected to be able to:
Knowledge:
Account for 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
Identify and discuss 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.
Debate and present these new and often complex concepts in a simple, clear and pricise 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.
Solve problems and implement decision for subject within behavioral finance 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
Restrictions due to Coronavirus:
The teaching in this course may be changed to be taught either fully or partly online due to COVID-19. For further information, please see the course room on Absalon (for enrolled students).
2 hours lectures 1 to 2 times a week from week 36 to 50 (except week 42).
Schema:
The overall schema for the Master can be seen at KUnet:
MSc in Economics => "Courses and teaching" => "Planning and overview" => "Your timetable"
Timetable and venue:
To see the time and location of lectures please press the link under "Timetable"/"Se skema" at the right side of this page. E means Autumn.
You can find the similar information partly in English at
https://skema.ku.dk/ku2122/uk/module.htm
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-E21; [Name of course]”
-Select Report Type: “List – Weekdays”
-Select Period: “Efterår/Autumn”
Press: “ View Timetable”
Please be aware:
- It is the students´s own responsibility to continuously update themselves about their studies, their teaching, their schedule, their exams etc. through the curriculum of the study programme, the study pages at KUnet, student messages, the course description, the Digital Exam portal, Absalon, the personal schema at KUnet and myUCPH app etc.
- Category
- Hours
- Lectures
- 42
- Preparation
- 162
- Exam
- 2
- Total
- 206
Students have the possibility to get individual oral feedback during office hours
for enrolled students. Rules etc at Master(UK) and Master(DK)
Foreign students and guests: Information about admission requirements, application, tuition fee, registration at Study Economics.
Please read the curriculum before enrolment.
Gæste- og enkelfagsstuderende: Tilmelding via Uddannelse i Økonomi.
Læs studieordningen og mere om uddannelsen inden du tilmelder dig.
- Credit
- 7,5 ECTS
- Type of assessment
- Written examination, 2 hours under invigilationas an ITX-exam in the exam venues of the university.
The exam assignment is in English and must be answered in English.
Changes due to Coronavirus:
In the event that COVID-19 restrictions may affect the conduction of the ITX-exams, the written exam and the re-sit exam will be changed to a take-home exam with all aids. If done so, the changes will be announced in study messages at KUnet, in the Digital Exam portal and here in the Exam section of the course description.
The take-home exams will still be individual and it is not allowed to communicate with any one about the exam assignment nor the solution at all. It is also prohibited to distribute data and other information at all. If this or alike actions happens, it will be regarded as cheating and plagiarism.
__ - Exam registration requirements
To qualify for the exam the student must no later than the given deadline during the course
hand in and have approved one mandatory assignment.
From October the 1st 2021, there is no requirements during the course to qualify for the exam.
__
- Aid
No aids allowed at the written ITX-exams.
If the ITX-exams are changed to take-home exams due to COVID-19, the written take-home exams will be with all aids.
For further information about allowed aids for the re-examination. Please go to the section "Re-exam".
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
at the written exams. The written ITX-exam may be chosen for external assessment by random sample.
An oral re-examination may be with external assessment.
____ - Exam period
The regular exam takes place:
11 January 2022
Exam information:
More information is available in Digital Exam from the middle of the semester.
In special cases decided by the Department, the exam can change to another type, place, day and/or time than announced.
More information about examination, rules, aids etc. at Master students (UK) and Master students (DK).
__
- Re-exam
The written reexam takes place:
11 February 2022
If few students register, the re-exam might change to a 20 min. oral examination without preparationtime. No aids allowed at the examination.
Due to COVID-19, the re-sit might change to a 20 minutes oral ONLINE exam with all aids, but without preparation time.
Reexam information:
Exact type, day, time and place is available in Digital Exam early February.
In special cases decided by the Department, the exam can change to another type, place, day and/or time than announced.
More information at 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.
In order to obtain the top grade "12", the student must with no or only a few minor weaknesses be able to demonstrate an excellent performance displaying a high level of command of all aspects of the relevant material and can make use of the knowledge, skills and competencies listed in the learning outcomes.
In order to obtain the passing grade “02”, the student must in a satisfactory way be able to demonstrate a minimal acceptable level of the knowledge, skills and competencies listed in the learning outcomes.
Course information
- Language
- English
- Course code
- AØKA08166U
- Credit
- 7,5 ECTS
- Level
- Full Degree Master
- Duration
- 1 semester
- Placement
- Autumn
Go to 'Signup' for
information about registration and enrollment
_ - Schedule
- and venue for teaching:
Go to 'Remarks'.
For exam and re-sits: Go to 'Exam'. - Course is also available as continuing and professional education
- Study board
- Department of Economics, Study Council
Contracting department
- Department of Economics
Contracting faculty
- Faculty of Social Sciences
Course Coordinators
- Steffen Altmann (15-8182737474737c3c6f7a827b6f7c7c4e73717d7c3c79833c7279)
Lecturers
See 'Course Coordinators'