MySchool

Verkfræðideild
Deildarforseti:	Dr. Ármann Gylfason
Vefpóstur:	ru@ru.is
Vefsíða:	http://www.ru.is/tvd
Kennarar	Skoða

MSc í fjármálaverkfræði
Annir:	4
Ár:	2
Einingar:	120
Um námsleiðina	Fjármálaverkfræði er þverfagleg grein sem samþættir fjármálafræði við verkfræðilegar aðferðir, stærðfræðileg líkön, tölfræði, aðgerðagreiningu og hagnýta tölvunarfræði. Nám í fjármálaverkfræði hentar þeim sem hafa áhuga á t.d. áhættustýringu, afleiðuviðskiptum eða fjárstýringu. MSc námið er mótað að kröfum Verkfræðingafélags Íslands um fullnaðarmenntun í verkfræði.
Hæfniviðmið	Skoða
Námsstig	2

Táknmyndir
	Skyldufag á braut		Kennslutungumál
	Valfag á braut		Undanfarar fyrir námskeið

Vorönn/Spring 2024

Energy Financial Assessment

SE-833-FA2

6 Einingar

Verkfræðilegar bestunaraðferðir

T-423-ENOP

6 Einingar

Svefn

T-424-SLEE

6 Einingar

Ákvarðanatökuaðferðir

T-603-AKVA

6 Einingar

Starfsnám í verkfræði I

T-706-INT1

6 Einingar

Starfsnám í verkfræði II

T-706-INT2

6 Einingar

Systems Biology

T-765-SYBI

8 Einingar

Verkefnastjórnun og stefnumarkandi áætlunargerð

T-803-VERK

8 Einingar

Afleiður og áhættustýring

T-814-DERI

8 Einingar

Gerð viðskiptaáætlunar fyrir tæknilega hugmynd - Frumkvöðlafræði og nýsköpun

T-814-INNO

8 Einingar

Nýjar stefnur í fjármálaverkfræði

T-816-MTFE

8 Einingar

Vefjaverkfræði og lífefnisfræði

T-828-TISS

8 Einingar

Rannsóknarvinna í meistaranámi I

T-829-GRO1

6 Einingar

Tölvustudd greining með einingaaðferðinni

T-844-FEMM

8 Einingar

Verkfræði taugamótunar

T-863-NEUR

8 Einingar

Vindorka

T-863-WIND

8 Einingar

Rekstur raforkukerfa

T-867-POSY

8 Einingar

Stöðugleiki og stjórnun raforkukerfa

T-867-STAB

8 Einingar

Protection Philosophy for Smart-Grids

T-868-PROT

8 Einingar

Meistaraverkefni

T-899-MEIS

30 Einingar

Meistaraverkefni fyrri hluti

T-900-MEIS

30 Einingar

Meistaraverkefni seinni hluti

T-901-MEI2

30 Einingar

Business Process Management

V-716-BPMA

7,5 Einingar

Entrepreneurial Finance

V-733-ENTR

7,5 Einingar

Business Intelligence and Analytics

V-784-REK5

7,5 Einingar

Nýsköpun og stofnun fyrirtækja

X-204-STOF

6 Einingar

Skiptinám

X-699-EXCH

30 Einingar

Sumar/Summer 2024

Rannsóknarvinna í meistaranámi I

T-829-GRO1

6 Einingar

Skiptinám

X-699-EXCH

30 Einingar

Haustönn/Fall 2024

Sérhæft efni í orku I

SE-801-STE

1 Einingar

Energy Economics

SE-805-EC1

6 Einingar

Sérhæft efni í orku III

SE-806-STE

6 Einingar

Embedded System Programming

T-738-EMBE

8 Einingar

Hermun II

T-806-SIMU

6 Einingar

Gæðastjórnun

T-807-QUAL

6 Einingar

Notkun líkana við stjórnun

T-808-NOLI

8 Einingar

Gagnanám og vitvélar

T-809-DATA

8 Einingar

Bestunaraðferðir

T-810-OPTI

8 Einingar

Hagnýt líkindafræði

T-811-PROB

8 Einingar

Fjármálaverkfræði fyrirtækja

T-814-FINA

8 Einingar

Ár

1. ár

Önn

Haustönn/Fall 2024

Stig námsgreinar

4. Framhaldsnám, grunnnámskeið

Tegund námskeiðs

Skylda

Undanfarar

T-503-AFLE, Afleiður
T-602-RISK, Áhættustýring

Skipulag

Ekkert skráð skipulag.

Kennari

Sverrir Ólafsson

Lýsing

We analyse financial variables that critically contribute to corporate value creation. Different valuation models will be introduced and applied to realistic scenarios. They include: enterprise discounted cash flow; discounted economic profit; adjusted present value; capital cash flow and equity cash flow. We will discuss how capital structure impacts on the firm’s return-risk profile and the probability that the firm defaults on its financial commitments. The CAPM will be linked with the theory of options and the resulting structure used to evaluate the credit risk a leveraged firm exposes to its equity and debt providers. In addition to equity and debt financing we will discuss other alternatives such as convertible bonds or instruments with pay-outs that reflect the level of some important market indices.

The course starts by analysing investment decisions under different levels of uncertainty. Decision trees and real options will be compared with NPV and IRR methods and their superiority demonstrated with several practical examples. The course continues with an extensive discussion of capital structure and its impact on the firm’s risk – return profile as well as its likelihood to default on its debt. The relationship between various important corporate value drivers will be analysed and their impact on the enterprise value discussed. A detailed analysis of the relationship between the CAPM and option theory will be presented and applied to the valuation of corporate assets.

Námsmarkmið

This course will analyse the financial performance of firms, both from theoretical and practical perspective. An emphasis will be put on the analyses of value creation and the factors that drive it. The theory of investment choice will be developed under conditions of certainty and uncertainty. Real options will be introduced as an extension to NPV approach with applications to several practical situations. Considerable effort will be focused on capital structure and its relation to market value of equity and debt as well as credit spread on debt and the probability of corporations defaulting on their debt payments. Also, various structured financial instruments will be designed and priced and their use in risk management will be compared with the use of more conventional techniques such as forward contracts and vanilla options.

Knowledge: On completion of this course the students will have an extensive knowledge of the complexities of corporate financial matters and the range of models and techniques that have been developed to manage the performance of firms and the variety of financial risks they are exposed to. These include the application of the theory of investment choice under certainty and under uncertainty; understand the importance and the limitations of NPV and IRR methods; apply real options to real investment scenarios and the valuation of projects/firms; appreciate the implications of capital structure and the value of leverage; appreciate the role of risk capital; understand the role of corporate value drivers.

Skills: On completion of this course students will be able to apply their acquired knowledge of financial engineering techniques to a whole range of important situations, either everyday pop-up problems or medium to long term strategic issues relating to investment decision or the designing of risk management strategies.

Competence: On completion of this course students will have a good understanding of how to analyse complex financial situations and be able to successfully apply the appropriate techniques to each given situation.

Námsmat

Continuous assessment; projects; class exams. No final exam.

Lesefni

Ekkert skráð lesefni.

Kennsluaðferðir

Interactive lectures, projects and class exams.

Tungumál

Enska

Samhæfð vöruþróun; kerfi og ferlar

T-814-PROD

8 Einingar

Skuldabréfagreining og vaxtalíkön