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Specialization Courses in Financial Management

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This specialization includes the following compulsory course:

Strategic Financial Management

Σκοπός του μαθήματος είναι η διαμόρφωση μιας ολοκληρωμένης εικόνας αναφορικά με τη Στρατηγική Χρηματοοικονομική Διοίκηση σε θεωρητικό και πρακτικό επίπεδο. Η διδασκόμενη θεματολογία καλύπτει ζητήματα Στρατηγικής Διοίκησης και Στρατηγικής Χρηματοοικονομικής Διοίκησης. Ειδικότερα, επιμέρους ζητήματα της Στρατηγικής Διοίκησης αποτελούν τα ακόλουθα: Επιχειρηματική Δράση και Επιχειρηματικό Πλάνο Δράσης (Business Plan), Ορισμός και Στοιχεία Στρατηγικής Διοίκησης, Στρατηγική Ανάλυση Εξωτερικού και Εσωτερικού Περιβάλλοντος, Στρατηγική Επιλογή και Στρατηγική Υλοποίηση. Η Στρατηγική Χρηματοοικονομική Διοίκηση επικεντρώνεται στα παρακάτω θέματα: Διοίκηση Στρατηγικής για Δημιουργία Αξίας, Στρατηγική Διοικητική Λογιστική, Στρατηγική Ανάλυση Επενδυτικών Αποφάσεων, Στρατηγική Χρηματοοικονομική Λογιστική και Μέτρηση Επιχειρηματικής Επίδοσης.

 

Διδάσκων: Σουμπενιώτης Δημήτριος

 

 

The student is required to select three of the following electives:

Financial Institutions and Markets

The course is designed to analyze financial products, markets and organizations with a particular emphasis on the Greek financial system. It aims at providing students with the theory and analytical tools regarding:

  • The structure and the functioning financial markets with emphasis to money markets, bond markets and the foreign exchange markets
  • The practice of financial analysis and financial product evaluation
  • The process of intermediation and the functioning of financial institutions
  • The process of financial management of financial institutions
  • The problem of supervision of financial institutions

 

Instructor: Michalopoulos Georgios

 

Financial Statement Analysis

This course aims to give the students a comprehensive framework for the financial analysis and performance of the enterprise. This framework consists of three parts. The first part provides a satisfactory accounting analysis of annual financial statements. This analysis is necessary for the students in order to assist in better understanding the themes of the second and third part. The second part provides a comprehensive analysis of all the traditional financial analysis techniques (comparative statements, common -size statements, financial ratios, etc.). The third part is based on the previous parts created accounting and financial reporting and deals with the major business decisions such as determination (firm valuation) of the value of the firm and the individual securities, determining the value of the firm in the case of mergers and acquisitions, risk measurement and particularly credit risk and predict financial distress of the firm.

 

Team of Instructors: Livanis Efstratios, Papadopoulos Simeon

 

Working Capital Management

The course aims at providing students with the theoretical and practical knowledge regarding the efficient management of the short term assets and liabilities (finances) of a firm. More specifically, it examines the theory and the analytical tools necessary a) for the management of firm’s cash, short term security investments, accounts receivable and inventory, and b) for the short term financing decision making referring to bank financing, accounts payable or notes payable. Particular, emphasis is put on the analysis of firm’s cash flows and liquidity, and the determination of the net working capital requirements in practice.

 

Team of Instructors: Michalopoulos Georgios, Papadopoulos Simeon

 

Financial Engineering

Το μάθημα καλύπτει την τιμολόγιση και την αντιστάθμιση, τις αγοραπωλησίες και την χρήση των δικαιωμάτων προαίρεσης, των συμβολαίων μελλοντικής εκπλήρωσης, των συμφωνιών ανταλλαγής, καθώς και με βασικές τεχνικές βασικές τεχνικές τιμολόγισης όπως η εξίσωση Black-Scholes και οι αριθμητικές μέθοδοι. Ιδιαίτερη έμφαση δίνεται στις μετρήσεις ευαισθησίας, τις επεκτάσεις κατά Taylor, την εκτίμηση διακυμάνσεων και συσχετίσεων τα "χαμόγελα μεταβλητότητας", κτλ.

 

Διδάσκων: Ζαπράνης Αχιλλέας

 

Business Risk Management

The course introduces the students to the various risks a firm has to deal with. A firm’s decision under uncertainty means a risk management. Risk management answers the question of how much risk anyone is willing to undertake. Therefore, the students will learn about the factors affecting behavior under uncertainty. Especially, the students will learn how to quantify and distribute the risk. The students will develop skills by using the softwares: @Risk, Eviews. In particular the students will use the program to obtain optimal solutions to problems under uncertainty.

 

Instructor: Papanastasiou Ioannis

 

Exchange Rates Analysis and Forecasting

The purpose of this course is to introduce graduate students to alternative models and strategies for understanding and forecasting currency movements. After introducing the foreign exchange market, we will discuss the international parity conditions which constitute the building blocks of macroeconomic analysis of exchange rates. We will present in details the portfolio-balance approach which explains currency movements in the short-run, the monetary approach which explains currency movements in the long-run, and the microstructure approach which explains currency movements in the very short-run. Having discussed alternative strategies for exchange rate forecasting, we will use economic data and appropriate econometric techniques to practice the art of modeling and forecasting.

 

Instructor: Karfakis Konstantinos

 

Investment Analysis And Portfolio Management

The ultimate goal of this course is to give you the skills that will allow analyzing and evaluating stocks. The course covers topics like: the investment process, methods evaluating and selecting stocks, the construction of efficient portfolios, efficient markets.

 

Instructor: Noulas Athanasios

 

Financial Instability and Investors’ Behavior

Information spillover mechanisms, investors’ behavior, the nature of speculation as well as the diversity of shocks hitting financial markets put into question the traditional theory of market efficiency according to which prices remain steadily around equilibrium and only random but not persistent deviations may occur. Financial instability, resulting from the above key-properties of real Money and Capital markets, is closely related to the determinant characteristics of trading rules and system’s complexity. In the aim to achieve economic policy goals, understanding in depth the process of price formation is crucial and helps identify potential unstable regimes.

 

 Instructor: Kyrtsou Catherine


Corporate Governance and Investor Protection