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The Finance Group organizes different courses in the two bachelor
programs of the Erasmus School of Economics: the bachelor programme
Economics & Business Economics and the International Bachelor Economics and
Business Economics (IBEB). On this Programme Overview page you can find
information about courses in
the bachelor programme
Economics & Business Economics 2009-2010.
More information about
the IBEB program can be found on the website of the
Erasmus School of
Economics.
The following
table summarizes the courses and seminars in the bachelor programme Economics &
Business organized by the Finance Group.
Bachelor Programme – compulsory courses
In the bachelor
program Economics & Business, there is one compulsory finance course:
FEB12003 Finance
1
In the third
bachelor year, some of the finance courses are grouped into the major
Financial Economics. Other courses are electives and can be chosen to
fill the 28 ECTS electives (“vrije keuzeruimte”).
Bachelor Programme – the major Financial Economics
In the third
bachelor year, students can specialize in finance by choosing the major
Financial Economics. For students with a strong interest in Corporate
Finance, Investments, and/or Financial Markets & Institutions, the major
Financial Economics provides the ideal preparation for the Master in
Financial Economics. The major Financial Economics consists of two
compulsory courses:
FEB13001 Finance
2 (4 ECTS)
FEB13011 Financial
Methods & Techniques (4 ECTS)
with a choice of
one out of the following seminars (12 ECTS each):
FEB13022 Werkcollege Aandelenmarkten:
Anomalieën en Beleggingsstrategieën
FEB13009/13009X Werkcollege Corporate Finance
FEB13040 Seminar
Interest Rates and Stock Markets
In total, the
major Financial Economics comprises 20 ECTS (two courses and one seminar).
The remaining 40 ECTS of the third bachelor year is filled by 28 ECTS in
electives, and 12 ECTS (including 4 ECTS "vaardigheden") in the bachelor thesis.
Bachelor Programme – electives
Students can
choose their electives from the list of courses offered by the Erasmus School of
Economics, with the exception of master courses. You find a list of
courses
here.
For the electives,
we suggest a selection from the following courses:
FEB23010 -
Monetary Economics
FEB13021 - Money,
Credit and Banking
FEB23005 - De
Praktijk van Financiële Markten
FEB13008 - Stock
Pricing and Corporate Events
FEB13060 -
Corporate Finance
Bachelor Programme – bachelor thesis
The
FEB13100 – Bachelor's thesis Economics & Business
Economics is an individual
paper on a subject in one of the fields of the student's bachelor programme, under the supervision of a lecturer that is involved in the
Economics & Business Economics course.
Enroll our
Blackboard environment
Bachelorscriptie
Finance,
which is
entirely dedicated to writing a bachelor thesis at the Finance Group and
includes a very useful brochure about requirements and procedures. A
general Blackboard environment about writing a bachelor thesis on
Business Economics is accessible through
this
link (both sites are in Dutch and open to registered students
only).
Bachelor Programme – summary information on finance courses
Summary
information on the courses is provided below, for more detailed
information please consult the
study guide.
Bachelor-1
No courses.
Bachelor-2
FEB12003/12003A/12003X
- Finance 1 (block 2 – 4 ECTS)
Compulsory course for
the major Financial Economics
This course
examines the corporation and other business forms, the functioning of
stock markets, financial statement analysis, (the absence of) arbitrage,
the time value of money and the appropriate
discount rate, investment decision rules (NPV), the basics of valuation
for capital projects, bonds & stocks, market efficiency, models of risk
and return (mean-variance optimization, CAPM and alternatives), the
choice of capital structure in relation to firm value: Modigliani &
Miller, taxes, tradeoff theory (financial distress, agency costs),
asymmetric information (pecking order theory), payout policy (dividends,
share repurchases).
Bachelor-3
FEB23005
- De praktijk van financiële markten (block 2 – 4 ECTS)
elective course
This course discusses
the mechanics of financial markets, such as regular exchanges and
over-the-counter markets. Focus will be on market conventions, trading
systems, market clearing and settlement issues, market crashes and
volatility.
FEB13008
- Stock Pricing and
Corporate Events (block 2 – 4 ECTS)
elective course in
major Financial Economics
This course combines investments and corporate finance, and studies
financial phenomena that cannot easily (or at all) be explained by
standard finance theory. From both a fundamental and behavioral
perspective, the course discusses issues such as calendar anomalies,
IPOs, and the equity premium puzzle.
FEB13060
- Corporate Finance (block 2 – 4 ECTS)
elective course in
major Financial Economics
The aim of this course
is to introduce students to the exciting world of corporate finance with
the help of cases, practical examples and guest lectures. Topics
discussed include financial statement analysis, entrepreneurial finance,
corporate governance, mergers and acquisitions (M&A), initial public
offerings (IPOs), company valuation and the interaction between
corporate finance and strategy.
FEB13021 - Money, Credit and
Banking (block 3 – 4 ECTS)
elective course
This course provides
an analysis of financial markets, financial institutions, financial
supervisors and monetary policy. Some of the issues discussed are: how
should supervisors and financial institutions respond to the risks of
derivatives in over-the-counter markets, what role can central banks
play when traditional money is replaced by electronic money, was the
Barings bank justifiably allowed to fail?
FEB23010 - Monetary
Economics (block 2 – 4 ECTS)
elective course
This course provides
an exposition of key principles in monetary economics and the policy
practice of central banks. Some of the topics are: monetary policy,
stylized facts in monetary economics, and the interest rate policy of
central banks.
FEB13001 - Finance 2
(block 3 – 4 ECTS)
compulsory course for
the major Financial Economics
This course builds on
FEB12003/12003A/12003X -
Finance 1. Students are familiarized with the concepts of
derivatives pricing, and market and credit risk analysis and management.
In addition, attention is paid to advanced valuation topics, corporate
restructuring and mergers and acquisitions, and international financial
management.
FEB13011
- Financal Methods & Techniques (block 3 – 4 ECTS)
compulsory course for
the major Financial Economics
This course provides a
toolbox that is essential for studying and implementing financial-ecconomics.
The approach is problem-oriented with a strong emphasis on regression
analysis and the interpretation of empirical research findings.
FEB13009/13009X -
Werkcollege Corporate Finance (block 4 – 12 ECTS)
elective seminar in
major Financial Economics
This seminar provides
an in-depth treatment of central finance issues, such as investment
decisions and capital structure policy. In addition to the discussion of
key financial literature, small student groups will solve and present
cases such as the valuation of a firm.
FEB13022
- Werkcollege Aandelenmarkten: anomalieën en beleggingsstrategieën
(block 4 – 12 ECTS)
elective seminar in
major Financial Economics
This seminar studies
financial market anomalies that are at odds with financial theory, as
well as investment strategies that can be formed on the basis of these
anomalies. Some topics are calendar anomalies, the size effect, the
value premium, behavioral finance, and initial public offerings (IPOs).
FEB13040 - Seminar Interest
Rates and Stock Markets (block 4 – 12 ECTS)
elective seminar in
major Financial Economics
This seminar covers
domestic interest and stock markets, focusing on the term structure of
interest rates, the Fisher hypothesis, stock market valuation and market
bubbles. Because the literature and the assignments are of an empirical
nature, the software package Eviews will be explained and used
extensively.
FEB13100 – Bachelor thesis Economics & Business (block 5 –
12 ECTS including vaardigheden)
Enroll our
Blackboard environment Bachelorscriptie Finance,
which is
entirely dedicated to writing a bachelor thesis at the Finance Group and
includes a very useful brochure about requirements and procedures. A
general Blackboard environment about writing a bachelor thesis on
Business Economics is indirectly accessible through
this
link (both sites are in Dutch and open to registered students
only).
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