level of course unit
Learning outcomes of course unit
Students will be able to critically highlight the paradigms of efficient markets on the basis of market events.
Students will understand how and where knowledge of behavioural finance complements and broadens the established paradigms.
prerequisites and co-requisites
This course combines a literature review with group experiments in order to highlight the differences between financial theory and behavioural paradigms. The aim is to critically contrast theoretical results with the empirical findings on the international financial markets. Explanations for the suboptimal behaviour of players on the international financial markets will be investigated.
recommended or required reading
Baddeley (2012). Behavioural Economics and Finance. Routledge Chapman & Hall.
Montier (2002). Behavioural Finance: Insights into Irrational Minds and Markets. John Wiley & Sons.
Ackert/Deaves (2009). Behavioral Finance. Cengage Learning Emea.
assessment methods and criteria
language of instruction
number of ECTS credits allocated
planned learning activities and teaching methods
Lecture, group work, presentation and task discussion
semester/trimester when the course unit is delivered
name of lecturer(s)
Dr. Gruber Stefan
year of study
recommended optional program components
course unit code
type of course unit
mode of delivery