Advanced Corporate Finance
Course leader: Péter Csóka
During the course we put a great emphasis on discussing practical corporate finance issues and case studies. The main topics will be: making investment and financing decisions; strategic consequences of real options; fusions, mergers and acquisitions; short-term and long-term financial planning; analyzing and hedging financial risk; financial analysis; cost of capital; basic asset pricing methods; debt, special financing forms; private equity; stock exchange.
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Applied business valuation
Course leader: Levente Zsembery
The course builds heavily on the knowledge acquired within the BA level Business valuation course, the topics of which are elaborated on, while facing practical applications, as well as additional areas and methods of valuation. The primary objective of this course is to provide detailed knowledge on both the theoretical and the practical steps of business valuation, and the ability to formulate the correct questions and assumptions in valuation models. By the end of the course, students will recognize the scenario dependent methods of valuation, and will be able to apply the appropriate models within the value maximization task of any company. Although the course covers a massive curriculum that cannot fully be mastered through merely reading, the primary goal is to develop an appropriate approach to valuation problems. This is why it is absolutely essential for participants to complete their weekly readings, actively participate in the seminar work, and solve every assignment alone.
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Asset Pricing and Portolio Management
Course leader: Edina Berlinger
The objective of the course is to demonstrate the operation and the logic of financial markets building on basic asset pricing ideas; to characterize the main market players and recent market processes; to give an overview on the most significant theoretical relationships and models; and to analyze complex financial problems with the help of spreadsheet program. When constructing the course schedule, we aim to include a wide range of financial markets and assets, emphasizing the similarities and differences of their investment and valuation logics. During the course we build on the database and models of Bloomberg.
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Syllabus |
Computer Aided Problem Solving
Course leader: Péter Juhász
During the first 7 weeks students learn how to use Excel advanced features for solving financial problems. We cover VBA codes: writing simple macros and functions. The second half of the semester is dedicated to softwares supporting decision making. Participants gain an overview of decision support systems by solving simple case studies.
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Corporate Finance
Course leader: Péter Juhász
The course presents basics of business economics, corporate finance and Accounting for those without a proper BA level business training. With a particular focus on real life cases and problems we cover the key issues in Logistics, HR, Innovation, Strategy and Marketing. A special emphasis is given to Finance and Accounting.
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Credit Risk Management and Credit Derivatives
Course leader: Dániel Havran
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Financial Econometrics
Course leader: Michael Puhle
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Financial Law II.
Course leader: Erika Tomori
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Financial Markets
Course leader: János Száz
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Financial Markets and Instruments
Course leader: Edina Berlinger
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Financial Presentation Training
Course leader: Péter Juhász
The course targets to develop oral and written presentation skills of the participants. Students have not only to hold presentations but also to hand in written tasks of different length and type.
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Financial Risk Management
Course leader: Edina Berlinger
The course gives an overview about the main risks that financial institutions are facing: the credit risk, operational risk and market risk. The most widespread risk measure, the Value-at-Risk concept is introduced, the modelling, the calculation method and the shortfall of this risk measure is considered. The third topic of the course is the regulation of financial intitutions, the elements of Basel II, and Basel III. are covered.
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Fixed Income and Equity Markets
Course leader: Tamás Makara
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Insurance and Financial Law
Course leader: Erzsébet Kovács
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International Corporate Finance
Course leader: Péter Csóka
During the course we put a great emphasis on discussing practical corporate finance issues and case studies. The main topics will be: making investment and financing decisions; strategic consequences of real options; fusions, mergers and acquisitions; short-term and long-term financial planning; analyzing and hedging financial risk; financial analysis; cost of capital; basic asset pricing methods; debt, special financing forms; private equity; stock exchange.
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Introduction to Quantitative Finance
Course leader: János Száz
Flow of funds; Polak modell; Asset pricing - exotic options, warrants, convertible bonds, real options, swaps by using numerical methods like binomial and trinomial trees, finite differencies; Hedging and spectulation strategies in case of more risk factors; Interest rate risk, yield curve modelling, Hull-White, Heath-Jarrow-Morton models; Pricing of non-traded assets; Foreign exchange products, quantos; Correlation and volatility trading; Simulation of corporate capital need.
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Investment and Financing Decisions
Course leader: Tamás Makara
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Investments
Course leader: Edina Berlinger
The objecctive of the course is to familiarize students with the financial markets' instruments, market players and the operation of the markets. The course gives an overview of the fixed income, the stock and the derivatives markets. We deal in-depth with arbitrage, speculation and hedge transactions. Emphasized attention is paid to equilibrium asset pricing models such as CAPM and to no-arbitrage models as APT and Black-Scholes. Knowledge is deepened through computer-based simulatoins and a huge number of excercies.
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Investments of Property
Course leader: Görgy Walter
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Principles of Credit Risk Management
Course leader: Edina Berlinger
This course covers three actual topics related to credit risk management. The first topic is lending and credit management at commercial banks, main considerations about collecting and evolving credit portfolios. The second topic is related to the risk hedging of credit portfolios with credit derivaties: CDS, CDX, CDO, ABS etc. products. The third block investigates on measuring and managing credit portfolio risk from the pratical point of view and give and elementary insight into credit scoring models.
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Psychology and Behavioural Finance
Course leader: György Walter
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Quantitative Finance
Course leader: János Száz
Flow of funds; Polak modell; Asset pricing - exotic options, warrants, convertible bonds, real options, swaps by using numerical methods like binomial and trinomial trees, finite differencies; Hedging and spectulation strategies in case of more risk factors; Interest rate risk, yield curve modelling, Hull-White, Heath-Jarrow-Morton models; Pricing of non-traded assets; Foreign exchange products, quantos; Correlation and volatility trading; Simulation of corporate capital need.
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Statistical Finance
Course leader: Péter Csóka
The aim of the course is to equip students with the methodology of analyzing financial market data. Analyzing the stylized facts of real financial data students learn to apply models which are taking into account those facts to model asset prices, to manage risk and to optimize portfolios.
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Selected topics in Finance
Course leader: Edina Berlinger
The aim of the course is to discuss and get familiar with the characteristics on the international and national banking sector in the framework of the global crisis.
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Selected topics in Finance II.
Course leader: Kata Váradi
The objective of the course is to familiarize the students with the operation of the financial markets in Hungary and the current tendencies.
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