Master In Finance
12000.00 €
¡LO QUIERO!
Información del centro:
Tiempo de estudio: 15 meses
Realización: Presencial
Coste: 12000.00 €
A quién se dirige Curso Presencial Master In Finance
We are seeking individuals with exceptional quantitative skills, strong curiosity for learning, high capacity to absorb new concepts and ideas, and highly motivated to work hard. Each spring we select a small number of highly qualified individuals holding a Bachelor degree in Business Administration, Economics, Mathematics, Engineering, Physics or equivalent degree. All entering students will receive a latest generation personal computer with packages such as MatLab, Eviews, and Stata.
Para qué te prepara Curso Presencial Master In Finance
Our students should potentially be hired by financial institutions at the international level, consulting firms or public agencies. In general, they are prepared to work in any institution requiring advanced knowledge of financial economics and the valuation of financial risks. They are also trained to join top doctoral programs around the world.
Our students will develop a solid understanding of
Our students will develop a solid understanding of
Requisitos Curso Presencial Master In Finance
Residentes en España
September 2009:
First Quarter (October 1-30, November 1-30, December 1-15; 10 weeks): 100 hours, 20 credits
- Mathematical Foundations of Finance (Prof. Antonio Rubia, University of Alicante): 4 credits ECTS (20 hours; 2 in-class credits)
- Optimization, Numerical Analysis and Simulation
- Ordinary Differential Equations
- Partial Differential Equations
- Dynamic Optimization
- MatLab and Visual Basic for Applications-VBA
- Finance and Statistics (Prof. Natividad Blasco, University of Zaragoza): 6 credits ECTS (30 hours; 3 in-class credits)
- Fundamental Concepts of Statistics
- Regression Analysis
- Maximum Likelihood
- Time Series Analysis, Tests of Random Walks
- Tests for Long-Range Dependence
- Unit Root Tests and Cointegration Analysis
- Vector Autoregressive Methods
- Macroeconomics (Prof. Javier Andrés, University of Valencia): 4 credits ECTS (20 hours; 2 in-class credits)
- National Accounts and Economic Indicators
- Growth and Business Cycles
- Consumption and Investment
- Unemployment and Inflation
- Monetary and Fiscal Policies
- Economic Policy in Spain and Europe: The Economic Monetary Union and its Macroeconomic Implications, Tax and Labour Reforms, Human Capital and Education, Pension Expenditures, Net Financial Burdens
- Foundations of Financial Analysis (Prof. Jos van Bommel, University of Oxford): 6 credits ECTS (30 hours; 3 in-class credits) - Types of Financial Securities: Equity, Debt, Derivatives
- Efficient Market Hypothesis
- Arbitrage
- Pricing Fixed Income Securities
- Term Structure of Interest Rates
- Expected Utility
- Risk Aversion
- Mean-Variance Analysis
- Arrow-Debreu Securities and State Pricing
January 2010
Second Quarter (January 15-30, February 1-28, March 1-30; 10 weeks): 100 hours, 20 credits
- Asset Pricing (Prof. Belén Nieto, University of Alicante): 4 credits ECTS (20 hours; 2 in-class credits)
- The Stochastic Discount Factor
- Consumption-Based Asset Pricing Models
- Multifactor and Portfolio-Based Asset Pricing Models
- Conditional Asset Pricing Models, Scaled Factors, and Predictability
- Consumption-based Asset Pricing Models under Non-Separability
- Derivative Assets (Prof. Manuel Moreno, University of Castilla La Mancha and Prof. Javier Fernández-Navas, University Pablo Olavide): 6 credits ECTS (30 hours; 3 in-class credits)
- Futures Markets: Trading, Hedging, and Pricing
- The Binomial Option Pricing Model
- Stochastic Differential Equations
- Stochastic Integrals
- Ito´s Lemma
- Girsanov´s Theorem
- The Black-Scholes Model: Analytical Expressions, Simulation and Numerical
Analysis
- The Microstructure of Financial Markets (Prof. Roberto Pascual, University of Islas Baleares and Prof. David Abad, University of Alicante): 4 credits ECTS (20 hours; 2 in-class credits)
- Trading Mechanisms
- The Roll Model of Trade Prices
- Sequential Trade Models
- Order Flow and the Probability of Informed Trading
- Strategic Trade Models
- The Empirical Evidence
- Dealers and Inventories
- Limit Order Markets
- Depth
- The Cost of Liquidity
- Fixed Income Markets
- Derivative Markets
- Financial Econometrics (Prof. Jesús Gonzalo, University Carlos III and Prof. Gonzalo Rubio, University CEU Cardenal Herrera): 6 credits ECTS (30 hours; 3 in-class credits)
- Time-Series and Cross-Sectional Tests of Asset Pricing Models
- The Generalized Method of Moments
- Principal Components Analysis
- Discrete-Time Stochastic Volatility Models
- Conditional Correlations
- Panel Data
April 2010:
Third Quarter (April 15-30, May 1-30, June 1-30; 10 weeks): 100 hours, 20 credits
- Trading Strategies with Derivative Assets (Prof. Roberto Knop, Banesto and Prof. José Cloquell, Oddo Securities): 4 credits ECTS (20 hours; 2 in-class credits)
- Strategies Involving a Single Option and a Stock
- Spreads
- Combinations
- Swaps
- Variance-Swap Rates
- Other Types of Swaps
- Exotic Options
- Structured Products
- Risk Management (Prof. Juan Carlos García-Céspedes, BBVA and Prof. Elisa Alonso, Ernst&Young): 6 credits ECTS (30 hours; 3 in-class credits)
- Managing Exposures: The Greeks
- Interest Rate Risk: Duration and Immunization
- Correlations and Copulas
- Bank Regulation and Basel II
- Value-at-Risk
- Credit Risk and its Derivatives
- Operational Risk
- Liquidity Risk
- Financial Analysis and Security Valuation (Prof. Begoña Giner, University of Valencia, Prof. Mariano González, University CEU Cardenal Herrera and Prof. Antonio Ruíz, Garrigues): 4 credits ECTS (20 hours; 2 in-class credits)
- Financial Statements and Valuation
- Financial Statement Analysis and New International Accounting Rules
- Creating Accounting Value and Economic Value
- The Effects of Taxes
- The Analysis of Risk
- Corporate Strategy and Valuation (Prof. Francisco Sogorb, University CEU Cardenal Herrera and Prof. Jorge Ramos, Citigroup): 6 credits ECTS (30 hours; 3 in-class credits)
- The Estimation of Free Cash Flows
- The Cost of Capital
- The Simultaneity of Investment and Financial Decisions
- Valuation by Comparable Ratios
- Real Options
- The Valuation of Intangibles
- Special Research Seminar: The Term Structure of Interest Rates (10 hours, Prof. Alfonso Novales, University Complutense)
- Discount Function: Polynomial Modelling
- Forward Rates
- Theories on the Formation of the Term Structure: Liquidity Preference, Market Segmentation, Expectations Hypothesis.
- Testing the Expectations Hypothesis of the Term Structure
- Term Structure Models: Splines, Nelson-Siegel, Svensson
- Risk Factors along the Term Structure
- The Information in the Term Structure
September 2010:
Fourth Quarter (September 10-30, October 1-30, November 1-20; 10 weeks): 70 hours, 14 credits
- Quantitative Finance (Prof. Manuel Moreno, University of Castilla La Mancha and Prof. Javier Fernández-Navas, University Pablo Olavide): 6 credits ECTS (30 hours; 3 in-class credits)
- Volatility Smiles
- Continuous-Time Models
- Stochastic Volatility Models
- Stochastic Jumps
- Volatility Jumps
- The Behaviour of the Variance Risk Premium and the Jump Risk Premium
- Continuous-Time Models of Interest Rates
- Interest Rates Derivatives
- Corporate Finance (Prof. Jos van Bommel, University of Oxford and Prof. Marina Balboa, University of Alicante): 4 credits ECTS (20 hours; 2 in-class credits)
- Adverse Selection, Moral Hazard and Agency Theory
- Initial Public Offerings
- Seasoned Offerings
- Corporate Control
- Mergers and Acquisitions
- Corporate Governance
- Venture Capital
- Private Equity
- Management of Investment Companies (Prof. Héctor García, Banif and Prof. Álvaro Gallego,UBS ): 4 credits ECTS (20 hours; 2 in-class credits)
- Selectivity, Timing, and Performance
- Dynamic Asset Allocation
- Guaranteed Funds
- Exchange-Traded Funds
- Hedge Funds
- Pension Funds
- TEACHING: 370 HOURS AND 74 CREDITS
- RESEARCH THESIS/EXAMS PRMIA I and II, CFA I (November 20-December 20): 16 CREDITS