Faculty: Professor Mich Tvede Investment projects typically consist of an initial investment and some uncertain dividend. An example could be to build a factory and sell the produce at an uncertain market price. In the course investment projects are seen as flexible in the sense that investor is...

Faculty: Professor Jakob Brøchner Madsen The topics include share valuation models; technological change and the stock market, the macroeconomic determinants of share prices; the interaction between share prices, taxes, supply shocks, and inflation; the consumption capital asset pricing model;...