Behavioral Finance [Graduate Level: Spring 2019, 2020, 2021, 2022] - Traditional finance literature is based on the assumption of rational and omniscient investors who optimize the risk/return profile of their portfolios. This approach has merits in the development of theoretical foundations like the Capital Asset Pricing Model and the Arbitrage Pricing Theory for a stylized world with efficient markets. However, treating investors as being utility optimizing, omniscient, and unboundedly rational individuals, sets limits to understanding and explaining real-life investors' behaviour. The limitations of traditional finance are well-known in the field of behavioural finance and the extant literature in the latter field has contributed to understanding many facets of both micro level individual investor as well as macro level stock market behaviour that were inexplicable from a traditional finance perspective. behavioural finance is a relatively new discipline that studies how psychology affects finance. This course serves to provide a broad overview of what constitutes behavioural finance and how its findings may be used to better understand and possibly improve both the financial decision-making behaviour of individual investors as well as that of corporate executives and provides first insights in how we may apply this knowledge when developing financial products.
Bachelor Thesis Skills [Undergraduate Level: Fall 2020] - The BSc thesis is an individual assignment and serves as a concluding assignment of your Bachelor study. The aim of the BSc Thesis is to demonstrate your mastery of domain of study in an assignment that integrates your acquired knowledge and skills. The BSc thesis is an essay of 4500-5000 words based on scientific articles. The students work on their BSc thesis simultaneously with their courses as a floating skill in so-called BSc thesis circles. The BSc thesis circles will take place during period 1 and 2 (or 4 and 5 respectively). Period 3 (period 6 respectively) will be used to write up the final report.
Crisis Management in Organizations [Undergraduate: Fall 2019] - Organizations increasingly face diverse types of crises, such as natural disasters, accidents, scandals, employee discrimination, or cyber-attacks, which have implications for organizations’ life. Crises threaten the core values and goals of an organization, the survival of an organization, and people’s safety. Crises have negative, long-term consequences for organizations’ functioning, profitability, legal system, reputation, and human resource management systems. Nevertheless, organizational crises are also an opportunity for organizational learning. Managing organizational crises is, therefore, complicated and challenging, as it is difficult for organizations, leaders, and individuals to perform under urgent, ambiguous, stressful, and emotional situations. This course aims to offer you a clear framework that helps you understand how organizational crises arise and give you more insight into the complexity of crisis management. The course consists of two main parts: (1) conditions that affect the vulnerability to an organizational crisis; and (2) crisis management. The first part concentrates on the factors that make an organization crisis-prone. We focus on human, social-cultural, and organizational-technological causes. The second part discusses crisis management. We discuss what organizations can do to prevent crises and how to contain and resolve organizational crises.
Finance [Undergraduate: Spring 2019] - This course provides an introduction to the fundamentals of finance. Students learn how capital markets function and how individuals and companies wishing to raise capital approach financial markets. Students learn how to make investment decisions. The basic concepts of risk and return shall be taught. Equity markets and Bond markets are introduced and the tools with which to price stocks, bonds and other financial assets, which trade on financial markets, are covered. Analytical problems are applied to financial problems during tutorial group meetings to ensure students are provided with a solid grounding in finance from both a corporate and a personal perspective.
Strategy [Undergraduate: Spring 2018] - Firms create substantial value for a wide variety of stakeholders, including customers, shareholders and employees. In order to grow the firm, and sustain its long-term competitiveness, managers need to think carefully about a number of high-level strategic decisions. Essentially, these strategic decisions involve the questions where to compete – i.e., corporate strategy – and how to compete – i.e., business strategy. The formulation of an adequate corporate and business strategy (strategy formulation) will, however, need to be guided by the vision and mission of the company as well as a careful analysis of the company's internal and external context (strategy analysis). To achieve this objective, this course will rely on lectures, self-study, class presentations, case discussions, and team assignments. In combination, these different modes of study will offer students a deep understanding of the strategic management process and enhance their ability to apply these insights to real- life companies
Reflections on Academic Discourse [Undergraduate: Fall 2018] The skills training EBS1001 consists of two components: "Academic Writing" and "Philosophy of Science". The components are mostly coordinated and carried out separately, but they have a joint examination in the form of a term paper. The Academic Writing component aims to help you (a) understand the concept of academic writing in English and (b) become aware of the generally-accepted standards of academic writing required for written assignments produced as part of your study programme in the School of Business and Economics. By the end of the course, you are expected to be able to produce work of a high quality in structure, language and citing skills. Furthermore, by working in small multicultural tutorial groups and providing each other with feedback, you will develop your intercultural communication skills, which you need to communicate successfully in the global business market. In the Philosophy of Science component we discuss fundamental questions like "What is science and what do we need it for?", "What is pseudoscience?", or "What makes some scientific theories better than others?" By the end of the training you will be equiped with a solid understanding of how science works in principle, an overview of criteria that can help you to evaluate the scientific value of the theories that you encounter throughout your studies, and an introduction to the standards of good scientific practice and of Open Science.