International Business Studies FT
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Behavioural Finance

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


course contents

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

Final exam

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

2nd year

recommended optional program components

not specified

course unit code


type of course unit


mode of delivery

In-class course

work placement(s)

not applicable