Real Options

by Engelbert Dockner (VGSF)
elective course
6 ECTS 

COURSE DESCRIPTION:

This course introduces students to the techniques, tools and applications of real options. It is
demonstrated that real options are a perfect tool to analyze problems in corporate finance, asset
pricing and industrial organizations. The following topics will be covered in the course:
Characteristics of real options
Introduction to mathematical foundations of real options
Solving real option problems: Dynamic programming approach
Solving real option problems: Contingent claims approach
Options to wait
Real options and asset pricing
Strategic exercise of options

LITERATURE:

A.K.Dixit and R.S. Pindyck, Investment under uncertainty. Princeton 1994.
L. Trigeorgis, Real Options. MIT Press 2000.
M. Amram and N. Kulatilaka, Real Options, Harvard Business School Press, 1999.

TIME SCHEDULE:

will be announced soon 

Please visit the WU course catalog LV 1718

LOCATION:

H46, MR1 (4th floor)