28E00900 - Fixed Income, 25.02.2019-08.04.2019

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Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

The objective of the course is to give students the key tools for analyzing, valuing and risk managing fixed income securities and derivatives, understanding the practical applications of such concepts, and being able to study current issues in the fixed income markets. The course will be useful to students interested in careers in banking, financial services, investment management, corporate financial management, or in the academia.

Credits: 6

Schedule: 25.02.2019 - 08.04.2019

Teacher in charge (valid 01.08.2020-31.07.2022): Antti Suhonen

Teacher in charge (applies in this implementation): Antti Suhonen

Contact information for the course (valid 27.01.2019-21.12.2112):

Please see syllabus on course home page

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • Valid 01.08.2020-31.07.2022:

    Topics discussed include the global fixed income market structure, valuation of key instruments traded in both government bond and credit markets including derivatives such as options, futures, swaps and structured products, interest rate risk management and modelling as well as the impact of macroeconomic events on fixed income markets. The course will cover theoretical models and concepts as well as practical applications and analysis.

  • Applies in this implementation:

    Please see syllabus on course home page

Assessment Methods and Criteria

  • Valid 01.08.2020-31.07.2022:

    Final exam (50%)
    Assignments and cases (50%)

     

    Final exam (35%)
    Assignments and cases (65%)

  • Applies in this implementation:

    Please see syllabus on course home page

Workload

  • Applies in this implementation:

    Please see syllabus on course home page

DETAILS

Study Material

  • Valid 01.08.2020-31.07.2022:

    Tuckman, Serrat (2012) Fixed Income Securities: Tools for Today s Markets, 3rd edition.

    Availability

  • Applies in this implementation:

    Please see syllabus on course home page

Prerequisites

  • Valid 01.08.2020-31.07.2022:

    Rahoituksen perusteet or Principles of Corporate Financial Management and Derivatives and Fixed Income.

Registration for Courses

  • Valid 01.08.2020-31.07.2022:

    Course registration via WebOodi. See the registration time in WebOodi. For any registration related matter, please contact the department's planning officer.

    In case of failing to register to the course in time you can show up on the first lecture and enquire for a seat. Please do not send any emails related to course registration between end of course registration time and first lecture!

    A maximum of 70 students can be accepted to the course.

    - Students at Aalto Finance M.Sc. programme (i.e. who have graduated as B.Sc.) will be guaranteed a seat on Finance M.Sc. courses. Finance M.Sc. students re-taking the course (grade already registered in WebOodi) will not be prioritized and can participate only if there are places remaining.
    - CEMS students are similarly guaranteed a seat for Finance M.Sc. courses, which have been designated as CEMS courses.

    Remaining seats are prioritized as follows, in the order of registration in WebOodi within one category:
    1. Finance M.Sc. exchange students from other universities
    2. Aalto Finance B.Sc. students with a finished B.Sc. thesis (registered in transcript of records)
    3. All other M.Sc. students

    Please follow carefully the registration deadlines of the courses and exams! Missing registration deadline automatically foregoes a guaranteed seat for Finance M.Sc. courses and puts prospective student at the bottom of the prioritization list.

  • Applies in this implementation:

    Please see syllabus on course home page

SDG: Sustainable Development Goals

    1 No Poverty

    8 Decent Work and Economic Growth

    9 Industry, Innovation and Infrastructure

FURTHER INFORMATION

Details on the schedule

  • Applies in this implementation:

    Please see syllabus on course home page

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof