Seminar: Applied Finance (F)
Course content
The aim is for the students to take point of departure in a topic discussed in "Finance" and relate this to practice. "Applied" means that the seminar paper must speak to someone practicing (a practitioner) finance and provide a recommendation based on the analysis carried out in the seminar paper.
Examples (only a few – opportunities are endless) of topics are:
- Valuation of a firm
- Optimal capital structure
- Examples, consequences, (and solutions), of financial distress in practice
- Asset specificity and capital structure
- Trading strategies
- Industry comparisons
- Strategic capital structure / finance
- Qualitative research (e.g. interview) of CFO
- Empirical test of e.g. ratings, D/E, liquidity, R&D, etc.
- Simulations
- Research note to employer
- For more examples and questions contact supervisor
All topics using finance can be described. For more examples contact supervisor
The course is a part of the financial line, signified by (F)
The seminar is primarily for students at the MSc of Economics.
The course has changed name from Applied Corporate Finance to Applied Finance. The content is the same. It is not possible to register at Applied Finance, if Applied Corporate Finance has been passed.
Grundet pensum overlap er det ikke muligt at deltage på dette seminar, hvis man allerede har bestået den danske version: Anvendt Corporate Finance (AØKK08345U).
Den danske version af seminaret udbydes ikke i efteråret 2020 og foråret 2021.
After completing the seminar the student is expected to be able to fulfill the learning outcome specified in the Master curriculum and to
- Structure a paper.
- Argue and present arguments through a paper.
- Analyze theory and data.
- Apply an analysis in a real situation.
- Extend the conclusion of an analysis so it is applicable and relevant for a practitioner of finance.
At the seminar the student is trained independently to
- identify and clarify a problem,
- seek and select relevant literatur,
- write a academic paper,
- present and discuss own paper with the other students at the
seminar.
Mandatory activities in the seminar:
- Kick-off meeting
- Finding literatur and defining the project
- Writing process of the seminar paper
- Presentation of own project and paper
- Giving constructive feedback to another student´s paper
- Actively participating in discussions at the presentations and
other meetings.
The aim of the presentations is, that you use the presentation as
an opportunity to practice oral skills and to receive feedback at
the paper. The presentations are not a part of the exam and will
not be assessed.
The seminar project paper must be uploaded in Absalon before the
presentations, as the opponents and the other seminar participants
have to read and comment on the paper. It is important that you
upload a paper that is so finalized as possible due to the fact
that the value of feedback and comments at the presentation is
strongly associated with the skill level of the seminar paper.
The teacher defines what materials may be used for the
presentations.
After the presentations, you can with a few corrections improve the
seminar paper by including the feedback and comments emerged during
the presentations. It is NOT intended that you rewrite or begin the
writing of the seminar paper after the presentation has taken
place.
Pandemic:
In case of a pandemic like Corona the teaching in this seminar may
be changed to be taught either fully or partly online. For further
information, see the course room on Absalon.
The seminar is very free and hence does not have specified literature.
Litterature will be decided by the students in collaboration with the supervisor.
It is highly recommended that the students have read subjects as
CAPM and stocks, Fixed Income and bonds, derivatives, pricing
methods, real options, capital structure basics and financial
statement analysis basics. E.g. through the course "Corporate
Finance and Incentives" at the Study of Econonomics,
University of Copenhagen.
It is expected, but not required, that the students have an
interest in finance and wishes to explore further into the world of
finance. It is hence expected and recommended that most students
have followed one or more finance courses in addition to basic
finance.
BSc in Economics or similar
Schedule and process of the seminar:
Autumn 2020:
• Kick-off meeting: September 3, 2020, 15.15-17.00
• Deadline of project description: September 18
• Deadline of pre-paper uploaded to Absalon: One week prior to
presentations.
• Presentations: In the periode November 2 – 20 by agreement at the
kick-off meeting
Spring 2021:
• Kick-Off meeting: Monday 8/2 at 13.15-15.00
• Deadline for submitting commitmentpaper/ project description: Not
later than March 1st or as specified by the lecturer.
• Deadline of seminar paper uploaded to Absalon: Not later than one
week before the presentations or as specified by the lecturer.
• The presentation-meetings: in week 20 by agreement at the intro
meeting. Each student must sign up for a presentation group. Each
presentation group will present on one afternoon during the week
and on the following morning (e.g Tuesday afternoon and Wednesday
morning)
General information:
It is strongly recommended that you think about and search for a
topic before the semester begins, as there is only a few weeks from
the kick-off meeting to the submission of the project
description/agreement paper.
There is no weekly teaching/lecturing and the student cannot expect
guidance from the teacher. If the teacher gives a few introduction
lectures or gives the opportunity for guidance, this as well as
other expectations are clarified at the kickoff meeting.
All information regarding the seminar is communicated through
Absalon including venue. So it is very important that you by
yourself logon to Absalon and read the information already when you
are registered at the seminar.
Each student receives individual oral and written feedback on the paper at the presentation from peers.
Each student receives individual oral feedback on the paper at the presentation from the supervisor.
The supervisor gives the students collective oral feedback and individual guidance.
For enrolled students: More information about registration, schedule, rules etc. can be found at Master (UK) and Master (DK).
More information about seminars is available at Seminars (UK) and Seminars (DK).
Read about the study programme and curricula at MSc in Economics
- ECTS
- 7,5 ECTS
- Type of assessment
-
Written examinationA seminar paper in English that meets the formal requirements for written papers stated in the curriculum of the Master programme and at KUNet for seminars.
If a student chooses to make a valuation of a company please note that this should be with a strong focus on finance rather than accounting. I.e. the strategy and reformulation of the P&L parts must attract minimal focus and cost of capital, risk (beta), capital structure etc. .
__ - Aid
- All aids allowed
for the project paper.
__
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
__
Criteria for exam assessment
Students are assessed on the extent to which they master the learning outcome for the seminar and can make use of the knowledge, skills and competencies listed in the learning outcomes in the Curriculum of the Master programme.
To receive the top grade, 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.
The students are evaluated based on three criteria; structure, content/analysis and application. Structure is how well the argument is presented through the seminar paper. Contents/analysis is about how deeply theory and data is analyzed – it is the traditional concept of "academic rigor". Application is the degree to which the student is able to apply the analysis in a real situation/the extent the conclusion of the analysis is applicable and relevant for a practitioner of finance.
- Category
- Hours
- Project work
- 186
- Seminar
- 20
- English
- 206
Kursusinformation
- Language
- English
- Course number
- AØKK08403U
- ECTS
- 7,5 ECTS
- Programme level
- Full Degree Master
- Duration
-
1 semester
- Schedulegroup
-
and venue:
Go to "Remarks"
Exam and re-sits: Go to "Exam" - Studyboard
- Department of Economics, Study Council
Contracting department
- Department of Economics
Contracting faculty
- Faculty of Social Sciences
Course Coordinator
- Mikkel Godt Gregersen (21-716d6f6f6970326b736878326b76696b69767769724469677372326f7932686f)
Teacher
See "Course Coordinators"
Are you BA- or KA-student?
Courseinformation of students