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1. The Corporate Finance and Banking track (MSc in Finance) ............................................. 3 1.1 Structure and curriculum ............................................................................................... 3 1.2 Full-time programme ..................................................................................................... 4 2. Courses ............................................................................................................................... 6 2.1 Course material and literature ....................................................................................... 6 2.2 Course Descriptions ...................................................................................................... 6 2.2.1 Conversion Courses ........................................................................................ 6 2.2.2 Block I - Courses ............................................................................................. 8 2.2.3 Block II - Courses .......................................................................................... 11 2.2.4 Block III - Courses ......................................................................................... 14 2.2.5 Block IV - Courses ......................................................................................... 17 2.2.6 Block V – Thesis and Internship .................................................................... 20 2.3 The Duisenberg Leadership Programme .................................................................... 22 3. Duisenberg School Online and Wireless Internet.............................................................. 23 4. Lectures and attendance ................................................................................................... 24 5. Evaluations ........................................................................................................................ 25 6. Commitees and Course Representatives .......................................................................... 26 7. Exams and retakes ............................................................................................................ 27 7.1 Exams ......................................................................................................................... 27 7.2 Retakes ....................................................................................................................... 27 7.3 Grading ........................................................................................................................ 27 7.4 Posting grades ............................................................................................................ 27 7.5 Distinction .................................................................................................................... 27 8. Career Resources.............................................................................................................. 28 9. Contact details ................................................................................................................... 29 Appendix A ...................................................................................................................... 30
1. The Corporate Finance and Banking track (MSc in Finance)
1.1 Structure and curriculum
The Corporate Finance and Banking track comprises of mandatory core courses and an optional elective course. Using a credit accumulation system, the 'European Credit Transfer System' (ECTS), each course accounts for a certain number of credits. A graduating curriculum consist of 70 Credits (ECTS), including a thesis (10 ECTS). Students are expected to complete the programme in one year (full-time: 12 months). Additional electives may be provided. If less than eight students have registered for an elective, the elective can be cancelled by the Programme Manager of the Corporate Finance and Banking track. DSF students who want to follow more than two extra elective courses in addition to the required course load of 70 ECTS will be charged a fee of € 400 per ECTS.
Figure 1: DSF Year overview 2012-2013
Introduction Week 34-35 Block 1 Week 36-42 Week 43 Block 2 Week 44 Week 45-51 Week 2 Block 3 Week 3 Week 4-10 Week 4 Week 6 Week 11 Block 4 Week 12 Week 13-17 Week 19-21 Week 22 Block 5 Week 23 Week 24-35 Week 24 Week 26 Week 34
20 August – 31 August 3 Sept. – 19 Oct. 22 Oct. – 27 Oct. 29 Oct. – 2 Nov. 5 Nov. – 21 Dec. 7 Jan. – 12 Jan. 14 Jan. – 18 Jan. 21 Jan. – 8 March 21 Jan – 26 Jan 4 Feb – 9 Feb 11 March – 16 March 18 March – 22 March 25 March – 26 April 6 May – 24 May 27 May – 1 June 3 June – 7 June 10 June – 31 August 10 June – 16 June 24 June – 30 June 19 August – 23 August
Pre-programme courses 1st semester Lectures Exam week Preparation week Lectures Exam week Field Trip Lectures Retakes Exams Block 1 Retakes Exams Block2 Exam week Preparation week Lectures Lectures Exam week Preparation week Internship and Thesis Retakes Exams Block 3 Retakes Exams Block 4 Thesis Defense 2nd semester
1st semester 2nd semester
1.2 Full-time programme 1.2.1 Structure of the programme
The curriculum consists of a balanced set of (mandatory) core courses, specialization courses, and an internship + individual research project (master thesis). In the context of calculating the credit requirements of the Corporate Finance and Banking track, there are 2.5 ECTS awarded for the Boot camp and Refresher courses, 52.5 ECTS for the Regular Courses, and 15 ECTS for the thesis and internship. Calculation 70 ECTS Boot camp and Refresher Course Mandatory Courses Thesis and Internship Total 2.5 52.5 15 70 ECTS ECTS ECTS ECTS
Final thesis and internship The final phase of the Corporate Finance and Banking track consists of a thesis project and an internship. The student’s workload for the thesis is divided over three blocks: In Block 3, students begin identifying their thesis topic and writing up a first draft of their thesis proposal. The writing of the first draft proposal carries 28 hours, and the draft proposal must be submitted for approval by the Programme Director. In Block 4, the thesis proposal has to be finalized and submitted for which students need 56 hours. In Block 5, students will complete research on their topic, write up their results and submit their work. They will need 196 hours for the work done in Block 5. The thesis project can be combined with an internship or a practical project at your workplace. Minimum duration of an internship is 140 hours and can take place at one of Duisenberg school of finance’s various Network Partners from the financial, regulatory, central banking, international law and accounting areas. Designed to provide a complementary set of real world experiences to round off their programme of study, the internship takes place in Block 5 and carries 5 ECTS. The deadline for the thesis is 16 August 2013. The deadline for the internship is 31 August 2013. If a student does not complete the degree programme in one academic year, registration for a subsequent year is compulsory. The Board of Examiners will determine on 31 August if a student has completed the programme. The registration fee for a subsequent year is set at €2.000. In addition, a fee of €400 per credit will be charged per course to be completed. For the internship and thesis the fees are set at a fixed rate of €1.000 and €2.000 respectively. When graduating before 1 February, 50% of the registration fee (i.e. €1.000) will be reimbursed.
5 EC 3.5 EC 3.5 EC 2 weeks BLOCK 1 DLP: Marketing Yourself DLP: Ethics in Finance DLP: Financial Regulation Corporate Valuation Financial Accounting Financial Econometrics 9 weeks BLOCK 2 DLP: Marketing Yourself DLP: Finance and Sustainability DLP: International Corporate Governance Corporate Financial Management Corporate Governance Investments 9 weeks BLOCK 3 DLP: Communication Skills.5 EC 3.5 EC 3.5 EC CREDITS 3.5 EC 3.5 EC 3.5 EC 3.5 EC 3.5 EC 14 EC CREDITS 3. Thesis (II) 9 weeks BLOCK 5 Internship Thesis (III) CREDITS 5 EC 10 EC 15 EC 11 weeks 5 .MSc: TRACK CORPORATE FINANCE AND BANKING INTRODUCTION DLP: Introduction Advanced Computational Bootcamp Statistics and Econometrics Refresher Banking Refresher CREDITS 0.5 EC 14 EC CREDITS 3.5 EC 3.5 EC 1 EC 1 EC 2.5 EC 10.5 EC 3.5 EC 14 EC CREDITS 3. Field Trip DLP: Finance and Sustainability DLP: Behavioural Finance Commercial Banking Entrepreneurial Finance Enterprise Wide Risk Sources Thesis (I) 9 weeks BLOCK 4 DLP: Communication Skills DLP: Economics of Risk Elective (CCLG/ US M&A Law/ BCR) International Corporate Finance and Risk Man.5 EC 3.
2 Course Descriptions 2.2. so that the assignments in the Duisenberg programme pose no technical difficulties. debugging formulas. You have to buy them yourselves. Excel 2010 Formulas. J. Literature: Required literature is Walkenbach. Wiley Publishing. conditional formatting and data validation. Bear in mind that not every course has a reader. the students have to do a case study. • Create macros (subroutines) in VBA to automate Excel and perform a simple Monte-Carlo simulation. Siegmann Credits: 1 ECTS Course Objectives: The aim of this course is to obtain an advanced knowledge of Excel. each starting with class instruction. During the course. • Transform large datasets into a usable format for analysis. The cases are graded PASS/FAIL. Apart from that. The literature list will be provided before the start of the block. Inc. 6 .2. manipulating text. a replacement case has to be made to pass the course. Teaching Format: The course consists of 4 sessions.1 Course material and literature Course material Binders with course material (readers) are available at the DSF Office at the start of each block. especially in financial firms. 2. counting and summing techniques. • Create a custom worksheet function in VBA. A. students are able to • Do a regression analysis in Excel and report the outcomes in Word with the appropriate formatting. followed by lab-sessions. Assessment Method: You are required to hand-in four completed cases each day before 5pm. A specimen of each mandatory book can be found in the DSF library or at the DSF office.1 Conversion Courses Advanced Computational Boot Camp Lecturer: Dr. If you fail one or more cases. goal seek/solver. You should visit the DSO site of the course for additional readings. • Solve an optimization in Excel using the Excel Solver. many professors use DSO to post articles. macros. Additional material is handed out in class. lock-up functions. (2010). so that having advanced knowledge is a plus for any job qualification. array formulas. Courses 2. Learning outcomes: At the end of the course. The course covers Excel basics and worksheet functions. we know that Excel is used in every company. Literature The tuition fee does not include books. and VBA.
The course also touches the role of regulators in controlling such risks through mechanisms such as deposit insurance and capital requirements. the second half of the course is spent in analyzing the nature of FI risk exposures. van Dijk Econometric Methods with Applications in Business and Economics. asymptotic normality. explaining their difference from production companies.Statistics and Econometrics Refresher Lecturer: Prof. . This is followed by an overview of the types. F). Consequently. consistency. stationarity. Paul de Boer. market risk. Learning Outcomes: At the end of this course students are able to: • Clarify how financial intermediaries work and what their role is in the economy. gamma. Sheldon M. The course begins with analysis of the specialness of FIs. Martynova Credits:1 ECTS Course Objectives: This course focuses on the specific features of financial institutions (FIs) and the risks they face. probability limits. A key feature of FIs is their exposure to risk.A First Course in Probability.Introductory Econometrics for Finance. probability and econometrics at the level needed for the core course work in the Risk Management track and Corporate Finance and Banking track. Christiaan Heij. • Analyze financial performance of commercial banks based on balance sheet and income statement data. C. • Apply the knowledge of risks of financial intermediaries to analyze financial institutions’ behavior during such events as the recent financial crisis. These risks include interest rate risk. Dr. Alpha C. t. multivariate distributions including some matrix algebra. 7 . maximum likelihood. A. Ross . the course is completed by writing an essay or takehome exam. Chiang and Kevin Wainwright . Teun Kloek. The refresher deals with the basic notions of probability. distributions (normal. Teaching Format: The course consists of 12 hours lectures Assessment Method: Depending on the number of students. and Herman K. linear and non-linear regression model. linear time series. N. Philip Hans Franses. Banking Refresher Lecturer: Drs. credit risk. operations and regulatory structures of FIs today. chi-squared. operational risk and liquidity risk.Fundamental Methods of Mathematical Economics. • Describe the main risks financial intermediaries face. and econometrics entry level knowledge of the risk management course. central limit theorem. Literature: * Brooks. probability. Learning Outcomes: At the end of this course students are able to: • Understand and work with the necessary tools in statistics. Lucas Credits: 1 ECTS Course Objectives: This refresher course provides a condensed review of the basic statistics.
D. political as well as legal aspects of regulation and takes a European perspective. it touches on economic. It concentrates on framework policies. By doing so. the concepts of financial stability and systemic risk. Assessment Method: Written exam (70%) and case study (30%) Students will need to have a 5 in each of the two parts to pass the course. Cornett. It not only covers the necessary econometric theory. Schoenmaker (2012). Topical issues are highlighted in the course: review of financial crisis. which will be available on DSO Financial Econometrics Lecturer: Prof. Oosterloo.Teaching Format: The course has 4 sessions. 2010. Please note that participation in class is needed for this course (the exam and case study also draw on the discussion in the classes). Dr.Core Courses Financial Regulation Lecturer: Prof. namely the reason for the regulation and supervision of financial services. need for macro-prudential tools. Cambridge University Press. van Dijk Credits: 3. Various articles. 7th edition. legal. Literature: • ·Course notes. 2. but also teaches the students how to apply the models and techniques to empirically 8 . S. and D. This should give students a basic understanding why the financial sector is regulated and which forces (political.2. economic) determine the shape of new regulations. Schoenmaker Credits: 3. Second Edition. Financial Institutions Management.5 ECTS Course Objectives: The aim of the course is to provide students with a general overview of financial regulation. students are expected to engage in discussions about the key concepts an. • ·A. Assessment Method: The course grade will a written closed-book exam (100% of the final grade). new proposals for European supervision. Financial Markets and Institutions: A European Perspective. Learning Outcomes: Teaching Format: The course has 7 sessions. During the course. Saunders and M. as well as the way in which EU competition policy relates to financial markets. Literature: De Haan.5 ECTS Course Objectives: This course aims to provide an introduction to modern econometric and time series techniques that are relevant for the analysis of financial data.2 Block I . J. D.
Learning Outcomes: At the end of this course students are able to: • Understand (univariate and multivariate) econometric models for modeling and forecasting asset returns and volatility. New York: John Wiley. we also consider multivariate models that describe the correlation among different asset returns. Gaeremynck Credits: 3. Ventus (e-book). A Guide to Modern Econometrics. (2006). 3rd edition. • Assess the quality of return and volatility forecasts. During the course. 3rd edition.5% of their final grade each. • Maintain a critical attitude towards the limitations of models used for modeling and forecasting returns and volatility. Princeton: Princeton University Press. Literature: Compulsory: • Alexander. in particular in the context of risk management. • Taylor. G. Volatility. We discuss relevant issues in “backtesting” of forecasting models.S. • Alexander. The use of highfrequency data to measure and forecast volatility and correlation is discussed as well. (2008). In the second part of the course. (2008). • Tsay. Assessment Method: Students have to complete 2 assignments for 12. Chicester: John Wiley. including recursive estimation. Market Risk Analysis. selection among (and combination of) competing forecasting models. • Kozhan. 2nd edition. variable selection. Financial Accounting Lecturer: Prof. M. Analysis of Financial Time Series. The other 75% of their final grade is obtained by a written exam. (2010). R. Introductory Econometrics for Finance. Volume II: Practical Financial Econometrics.relevant financial decision-making problems in portfolio management.J. We cover regression models for describing returns on a single asset. from both a theoretical and empirical perspective. C. When comparing financial statements 9 . C. as well as factor models for describing (the relations between) returns on multiple assets. Chicester: John Wiley. New York: John Wiley. (2005). • Koop. • Implement these models using standard packages or self developed code.5 ECTS Course Objectives: The role of financial accounting is to communicate the business reality to the organization’s various interest groups through the financial statements. we discuss GARCH models for asset return volatility. Market Risk Analysis. Volume I: Quantitative Methods in Finance. (2010). In addition to univariate models. R. Cambridge: Cambridge University Press. Teaching Methods: The course has 14 lectures of 2 hours each. Analysis of Financial Data. In the first part of the course. and the evaluation of forecasts. A. and risk management. (2008). and Prediction. New York: John Wiley. students are challenged to apply the techniques learnt through solving a set of (empirical) assignments. we focus on modeling and forecasting the conditional mean of asset returns. (2008). Asset Price Dynamics. S. asset allocation. C. Background: • Brooks. • Verbeek. Financial Econometrics with EViews.
4. students should have developed a critical attitude towards financial information disclosed. measuring cash flows. Z. 704 pp. Students should have some knowledge about the basic concepts and principles of consolidated financial statements. The course then moves to relative valuation techniques such as equity and firm value multiples. • The biases in valuation models. Financial Times Press. accounting standards used. Teaching Format: A mixture of lectures. such as estimating cash flows. the course covers real option valuation methods. 1. Learning Outcomes: At the end of the course students will have an understanding of: • Conducting a corporate valuation using different valuation models. Finally. 2011 . Students should know the main differences in accounting regulation between IFRS and US GAAP.of different companies and analyzing their financial position it is absolutely necessary to have basic knowledge about the underlying fundamentals applied in the financial statements (group or individual firm accounts. ISBN-10: 0273712748 Corporate Valuation Lecturer: Dr. …). They should be able to illustrate the impact of an acquisition of the financial statements. and in the overall course. • The implicit and explicit assumptions of valuation models.5 ECTS Course Objectives: This course will cover modern principles and tools of valuation. • Relative valuation models and value enhancement tools. and growth rates. you must achieve a passing grade of 50% or higher on the final exam. the critical accounting policies applied. estimating discount rates. discount rates. The objective of this course is to illustrate how the underlying fundamentals used affect reported earnings and equity of listed companies. especially the DCF model. Students should have an idea about the critical accounting issues relevant for reported earnings and equity in an IFRS framework. • Inputs of valuation models. Basic knowledge about concepts of financial accounting is a prerequisite Learning Outcomes: At the end of the course. 10 . The course seeks to ensure a full understanding of the explicit and implicit assumptions underlying modern valuation models. or calculating growth rates. 2. Students should have some knowledge about the basic concepts and principles of International Financial Reporting Standards necessary to understand the financial statements of listed companies. It creates a strong foundation for the discounted cash flow model by analysing all features and assumptions implicit in any valuation analysis. starting from the term structure of interest rates. problem solving and discussion will be applied. 3. Sautner Credits: 3. Assignments : 20% Exam: 80% Literature: Jadish Kothari and Elisabetta Barone : Advanced Financial Accounting: An International Approach. Assessment Method: To successfully complete this course offered.
(3) corporate ownership and groups.2. The Benninga material will be covered in lecture notes. Assessment Method: There will be a written closed book final exam. Europe. Teaching Format: Students will have 7 lectures (3 contact hours per week). and elsewhere has alerted investors to the lack of efficient mechanisms of transparency and corporate control across countries. The current wave of financial scandals in the U. Lopez de Silanes Credits: 3. in the second part of the course. and work independently. To face these challenges. • Use the main components to mitigate opportunistic behaviour. • Understand financial intermediaries’ role in corporate finance and governance in many countries. • Understand how shareholder protective mechanisms affect how financial contracts are written. we will analyse: (1) agency conflicts. by Damodaran and Financial Modeling (Ch. 2.5 ECTS Course Objectives: The focus of this course is on international corporate finance. Powerpoint presentation slides will be made available online via Dso.S. Therefore. complete exercises to deepen their understanding of the class content. Damodaran on Valuation. The course also contains several case studies.Courses International Corporate Governance Lecturer: Prof. Each lecture is 3 hours. (4) and the role of various financial contracts in mitigating opportunistic behaviour. Dr. 4) by Benninga.3 Block II . Literature: The course is mainly based on the books. • Understand good investor protection and corporate governance practices. It’s recommended to buy the book by Damodaran. as well as how they raise capital and give it back to investors. Differences in institutional characteristics have recently been shown to be key determinants of how corporations are owned and valued. Students are expected to read the underlying literature. (2) corporate governance mechanisms. Assessment method: TBA Literature: Syllabus with articles 11 . Learning Outcomes: At the end of this course students will be able to: • Define the main legal rules that protect investors and assess their impact on investment banking and financial markets.. F.Teaching Format: The course comprises 7 lectures. the course starts by addressing valuation in an international context and setting up the framework for understanding how financial contracts are written around the world.
which will be available on DSO Corporate Governance Lecturer: Dr. including optimal capital structure and the link to strategy. Learning Outcomes: At the end of this course students are able to understand and analyse: • Advanced valuation models. this course is designed as a follow-up to core courses in finance. Sautner Credits: 3. the use of project finance. investments in emerging markets. the course explores advanced issues on how to value companies. the course surveys a number of key financial decisions faced by companies. corporate liquidity issues. Z.5 ECTS Course Objectives: 12 . Teaching Format: The course uses lectures and case studies and focuses on two key topics: advanced valuation and financing decisions. there will not be a final exam given. Regardless of whether a student turns in a particular case or not. and the use of real options. such as capital structure and corporate liquidity decisions. K. Two cases will be worked out and turned in groups. Class participation will be a component of the final grade. Assessment Method: Four case studies will be examined during the course. Given the workload with cases. • When it makes sense to finance projects using project finance methods rather than corporate finance. Lins Credits: 3.5 ECTS Course Objectives: Students will learn to apply advanced corporate finance tools and techniques to practical situations. • Corporate financial decisions. As such. Students are assumed to be familiar with (through previous study or professional experience) basic valuation methods (including the use of the CAPM for determining the cost of capital). Thus. In the area of corporate financing decision-making. Each student will turn in three cases out of the four. Grades will be determined as follows: Two group cases: 60% total (30% each) Individually-prepared case: 30% Class participation: 10% Total: 100% Literature: Various articles. One case must be done as an individual case analysis. A group can consist of 3 to 5 students. corporate governance and information risks at the country and firm level. cost of capital estimation in emerging markets. all students are expected to be fully prepared to discuss all cases in class and to have done quantitative as well as qualitative analyses of all case material.Corporate Financial Management Lecturer: Prof. using multiples and discounted cash flow analysis. • Valuations using real options methods. In the area of valuation. including applications in emerging markets contexts. Students may choose which cases to turn in. students will want to quickly form groups (students are responsible for forming their own groups) and decide which two cases to do as a group.
stock options).g. Finally. At the end of the course. During the course. different board structures. The course also contains several case studies and applications. Apart from delivering state of the art knowledge on corporate governance. Literature: Various articles. to introduce students to the most commonly used quantitative tools and fundamental financial concepts: optimal portfolio selection.. Learning Objectives: At the end of this course students will be able to: • Define the main concepts of corporate governance and techniques used.Students will be exposed to the most recent research in the field of corporate governance from both a finance and legal perspective. different designs of executive compensation plans (e. Assessment method: There will be a written closed book final exam. internal capital markets. The course will start with a conceptual framework on the governance of firms.5 ECTS Course Objectives: The objective of this course is two-fold. • Possess the skills to write legal contracts for executive pay. European. in an effort to link theory to practice. They will also be able to integrate a finance and law perspective to assess important corporate governance issues. and market efficiency. • Possess the knowledge to assess the liability and responsibility of directors. This course is internationally-oriented in that we consider and compare different financial markets (US. Each lecture is 3 hours. which will be available on DSO Investments Lecturer: TBA Credits: 3. public equity. the relationship between risk and return. • Be able to use various analytical tools to deal with key governance issues that face managers. • Possess the knowledge of the legal control of takeover bids. including their use of related party transactions. directors. to introduce students to important classes of financial assets and investment vehicles: fixed income. students will have learned to critically assess the costs and benefits of ownership concentration.. First. most exercises assigned at the end of each session come from past CFA (Chartered Financial Analyst) exams. a greater understanding of how real-life situations play out. and investors. The course is intended to provide you with both a lasting conceptual framework and. Teaching Format: The course comprises 7 lectures during which all students need to give a short presentation on a governance topic. etc. and active investors.) and adopt a global market perspective on several topics. Students are expected to read the underlying academic literature to prepare for the classes. We will then cover the functioning of different corporate governance mechanisms in detail. the course also intends to introduce students to powerful empirical methods that are used in corporate finance (e. • Possess the legal knowledge of the legal control of insiders. Learning Outcomes: At the end of this course students are able to: • Define the main concepts and use the tools of modern portfolio investment theory in: • Optimal portfolio selection 13 . through the incorporation of real-world data. event study methodology) and to legal concepts surrounding them. including nonexecutive directors. The course will draw on recent and influential academic papers. and mutual funds.g. Second. students will work on selected cases to apply their knowledge and to further strengthen their understanding of corporate governance mechanisms.
explain how it impacts financial decision-making. successful students will have solid knowledge of the most relevant behavioral deviations from the traditional.5 ECTS Course Objectives: The course provides an introduction to Behavioral Finance. the lectures will describe the motivating evidence from Psychology. and thereby to improve one's own decision-making. Students are expected to read the underlying literature. and what their impacts on market outcomes. Behavioral Finance integrates insights from Psychology into Standard Finance Theory in order to understand phenomena that are difficult to explain within the traditional framework. and work independently.Courses Behavioural Finance Lecturer: Dr. Assessment: Assessment will be based on a final 3-hour in-class exam and a take-home assignment.2. For each block. are. Teaching Format: The course consists of seven 3-hour lectures. and discuss supporting empirical evidence. Each lecture is 3 hours. The recent financial crisis. Since much of the course material is based on relatively novel findings. non-standard preferences (eg reference-dependence and loss aversion). The course consists of three main main building blocks: 1. Learning Outcomes: At the end of the course. Non-standard beliefs (eg overconfidence and optimism). Teaching Format: The course comprises 7 lectures. Peters Credits: 3. a relatively new area at the intersection of Psychology and Finance. F. have highlighted the failures of the rational representative investor paradigm as a foundation for financial decision-making. 3. the course will be somewhat explorative and interactive in nature. They will further know in which areas of financial decision-making these deviations are most pronounced. The main objective of the course is to illustrate how these insights can help to better understand and predict individual financial decisions and financial market outcomes. non-standard decision-making (eg limited attention and heuristics). and previous speculative episodes such as the internet bubble. rational paradigm. 14 . Literature: There is no textbook for this course. make exercises to deepen their understanding of the class content.• • • Capital asset pricing theory Performance evaluation Term structure of interest rates and fixed income portfolio management. Assessment method: TBA Literature: TBA 2. The reading list will consist of (mostly) academic articles.4 Block III . such as asset prices and corporate decisions.
After the course. we study sources of bank risk and its management. Freixas and Prof W. Teaching Format: Lectures and Group discussions.5 ECTS Course Objectives: The aim of the course is to present the theory and practice of the financing of entrepreneurial firms. the course will focus on valuation methods for innovative start-ups. We analyze how systemic risk arises because of amplification effects and spill-overs across financial institutions. Assessment Method: Written exam.5 ECTS Course Objectives: Part Wagner In this part of the course. Special attention will be devoted to understanding the motivations of the different players (mainly investors and entrepreneurs) and how to reconcile their interests through appropriate contracting. leading to the procyclicality.Commercial Banking Lecturer: Prof X. The course is largely based on case studies that will be discussed in class. We first review key functions of banks and analyze how the basic operation of banks tends to make them fragile. We also pay attention to the time-series component of systemic risk. Entrepreneurial Finance Lecturer: Prof. we study sources of financial stability and its regulation. In particular. Wagner Credits: 3. A. Learn to put the operation of a single bank into systemic context Part Freixas: In this part of the course. Schwienbacher Credits: 3. Students will learn how to choose among different types of investors and to value new ventures. Next we move to systemic risk. students will be able to: • Identify important trends in banking. Learning Outcomes: The goal of the course is manifold. Finally. we study how bank management and regulators can contain the risk of institutional failure. • Develop a critical attitude towards the various paradigms in bank research. • Be able to confront results of own empirical work with theory and practice. Students will also get a better understanding of various sources of finance for start-up firms and how deals 15 . • Use modern quantitative and analytical methods for bank management. Literature: • Selected chapters from Microeconomics of Banking. by Freixas and Rochet • Reading list of articles taken from scientific and professional journals. • • • We first consider competition and financial stability. We then turn to liquidity risk and liquidity regulation. from a theoretical and empirical point of view Next we move to capital regulation both from a theoretical and institutional point of view.
which is a real-life risk management case. • Use the main strategy and tools of financial forecasting and valuation of new ventures. Sahlman. The first part of the course consists of four classes on banking. Bear Stearns. G. Enterprise Wide Risk Sources Lecturer: Prof.A. Entrepreneurial Finance: A Casebook (Wiley. We discuss. The techniques for ALM are covered. operational risk. Most case studies are presented by students in small groups. Prof. interest rate risk. A large number of mishaps are examined. By taking an enterprise wide perspective. Assessment Method: The final grade will be calculated as follows: Individual Class Participation: 15% Group Assignments (case studies + group presentation): 35% Final Exam: 50% Literature: All relevant case studies and theory chapters can be found in the following book (required): • P. we give special care to how these risks aggregate and to how an appropriate comprehensive risk management framework may be organized. Herstatt. We highlight the difference between pure asset management and ALM from the pension fund perspective. Orange County. Therefore.are structured between investors and entrepreneurs to mitigate potential conflicts and agency issues inherent to young companies. The second part of the course deals with pension funds. Barings. Learning Outcomes: 16 . We show how each of them may be monitored and mitigated. P. the US S&L crisis. We discuss Asset and Liability Management (ALM) for financial institutions. • Understand the financing techniques used in new ventures. amongst others. Teaching Format: Lectures build on theory and case studies that will be discussed in class. • Understand the processes used in incubating and growing a new venture. Stork Credits: 3. and off balance sheet risk. 2002) Further readings are distributed in electornic format at the beginning of the course.A. the course presents a comprehensive view of how the various risk sources should best be monitored and managed. Amongst others we review Enron. and Lehman Brothers. Part of the course consists of an assignment. liquidity risk. market risk. LTCM. The second part of the course deals with pension funds. We also look at the effect of pension fund regulation and pension system stability.5 ECTS Course Objectives: The course provides an overview of the most important risk sources within banks and pension funds. Metallgesellschaft. The focus of this course is on practical knowledge and applicability. • Use the contractual tools to design optimal contracting structures for new ventures. . Learning Objectives: At the end of this course students will be able to: • Define the main concepts in entrepreneurial finance and use the tools. We assess why management of these risks is critical in banks. which illustrate some of the things that go wrong in practice. Class participation is critical. Gompers and W. including the scenario approach. in particular pension funds. which greatly exacerbates the overall risk. Boender. In practice these risks oftentimes materialize simultaneously.
what this the right way to respond and what are the most common mistakes made by the authorities and the private sector. There are several applications to previous crises. Teaching Methods: The course has 7 sessions and compulsory case work Assessment Method: Students have to complete case work and a written exam.M. the Asian crisis. Teaching Format: The course has 7 sessions and compulsory case work Assessment Method: Written examination. • Apply their knowledge to a practical risk management case. liquidity. • Understand the ALM perspective of financial institutions. • Understand when conventional risk management techniques do not suffice. for example the Great Depression. Saunders and M. 7 edition. by A. • Understand how to develop a comprehensive risk management framework. Learning Outcomes: The course provides the student with the main motives for the inherent instabilities in the financial system and why it is so hard to achieve safety and resiliency. Additional study material is distributed 2.2. We discuss extensively the role of financial regulations.At the end of this course students are able to: • Identify the different sources of risk. Some of the topics include endogenous risk. Literature: For the first part of the course the following book is used: “Financial Institutions Management: A th Risk Management Approach”.5 ECTS Course Objectives: The aim of the course is to provide the student with a comprehensive understanding of financial stability and systemic risk.Courses Economics of Risk Lecturer: Dr. Literature: Book of Jon Danielson (to be published in 2013) International Corporate Finance and Risk Management Lecturer: Prof. McGraw-Hill. up to and including current developments in the regulatory reform. bailouts. Campello Credits: 3.5 ECTS Course Objectives: 17 . Cornett. J.5 Block IV . currency markets and moral hazard. what can be done to prevent them. • Know some of the main risk management requirements set by the regulators. but also to the ongoing crisis from 2007. Why crises happen. • Understand and implement the models and techniques for scenario analysis in ALM. Danielsson Credits: 3. M.
Thomas Credits: 3. cross-border investment analysis. US M&A Law Lecturer: Prof. and not just based on an exam or homework. Learning Outcomes: At the end of the course students will have an understanding of (among other things): • The working and importance of globalisation for corporate management. Most lectures follow standard material presentation / discussion. and competitive strategy in a global marketplace.) by Kirt Butler. country risk assessment. • • Managing currency. the professor will discuss the news of the day related to international financial markets and to multinational companies’ businesses in class. short quizzes) 40% Literature: th A recommended textbook for the course is Multinational Finance (4 Ed.5 ECTS Course Objectives: An examination of the law relating to the acquisition of businesses through asset and stock acquisitions and corporate mergers. such as the Wall Street Journal or the Financial Times. we will explore the main features of the international financial markets and examine various aspects of multinational corporate risk management. mergers and acquisitions. economic. Broadly speaking. we discuss the federal Williams Act. The list of issues we will cover includes (among others): exchange rate risk management. particularly with respect to asset and stock acquisitions and corporate mergers. Trading and hedging with foreign currencies in international capital markets. Importantly. It is therefore recommended that students subscribe to a financial newspaper. This is done to ensure students' evaluations are comprehensive. However. R. the course also uses a case-based approach in some classes.The course’s goal is to give students the tools needed to apply finance principles to international business decisions. The main criteria can be categorised as follows: Participation in regular class discussions: Case studies: Scheduled class activities: Exam: 20% 20% 20% (e. • Evaluating corporate investment in international markets. especially managing risks. federal securities law. • • Understand the main concepts of corporate transactions and the acquisition of businesses. Assessment Method: The assessment of students' performance is based on a number of criteria. Some extra reading materials are also to be used.g. international taxation. Learning outcomes At the end of this course students will be able to: Understand the law relating to Mergers and Acquisitions. Most of these will be distributed in class or posted on the course web page. as well as control shareholder squeeze-outs of minority shareholders. We will focus on Delaware law relating to friendly and hostile acquisitions. and the structure of acquisition agreements. In addition. and political risks in foreign countries. Students are also required to acquire cases. FX trading game. 18 . Teaching Format: The teaching format is lecture-based. The course examines applicable state corporate law.
• Write argumentative texts in the area of company law. new business forms. including non-executives. Learning outcomes: At the end of this course students are able to: • Understand the main concepts in the area of company law. legal rules and challenges of corporate governance reform. Understand the Delaware corporate law relating to friendly and hostile takeovers. • Participate in academic and professional debates in law and economics of company law. voting rules and the one share one vote controversy. Assessment Method: Students are expected to attend every lecture. A list of required readings will be provided for each topic. An important goal will be to familiarise students with the economic environment. Teaching Format: The course consists of lectures and team-based case analysis. 2d ed. the legal control of insiders. • Compare the different legal systems of company law in Europe. the evolution of corporate law. including an overview of key organs of the company. Literature: • Gilson and Black. The aim of the weekly class is to provide an analysis of the reading materials assigned and to allow time for discussion of the topics raised in the materials. corporate mobility. choice of business form decisions and foreign market entry modes. Literature: TBA Bankruptcy and Corporate Reorganisation 19 . the duties and responsibilities of directors. Emphasis will be given to the contemporary debates over the failure of Boards to protect the interests of minority shareholders and the declining importance of the market for corporate control to restrain managers. directors. which will consist of 3-4 students (30 %). C.5 ECTS Course Objectives: This course will cover the major areas of corporate law. • Hand outs. Assessment Method: Assignment and exam.. Teaching Format: Teaching will be conducted through a three-hour weekly class. The cases focus on listed corporations. • Understand the main legal systems of company law in Europe and the US.• • Understand state and federal law with respect to corporate acquisitions. 2003-2004 Supplement. and investors. The course will encourage students to use various analytical tools to deal with key governance issues that face managers. There will be an open-book final exam (70%) and group-based case study. Students are required to prepare this material in advance of each class. Comparative Corporate Law and Governance Lecturer: Prof. regulation of takeover bids and regulatory competition in Europe. as well as shareholder squeeze-outs. capital maintenance rules. Milhaupt Credits: 3. We have woven a large number of interesting anecdotes as examples into the lectures. The Law and Finance of Corporate Acquisitions.
where they learn how to develop research questions. all students attend the Master's Thesis Seminar.Lecturer: Prof. how to structure a thesis and how to conduct empirical analysis. how to find data.2. • Build on existing literature and combine theoretical hypothesis development and an empirical analysis of data. Moreover. Teaching Format: Students will have 7 lectures (3 contact hours per week). students will be able to: • Independently develop a research question. Lopez de Silanes Credits: 3.5 ECTS Course Objectives: The focus of this course is various corporate restructuring policies that firms carry on around the world. 20 . Learning Outcomes: After finishing their theses. Assessment Method: TBA Literature: Syllabus with articles 2. • Understand the academic literature in the area of the Master's thesis. We will cover these three major policies with a focus on their financial consequences in various legal environments. The thesis has to satisfy the standards of an independent academic piece of work. Assessment Method: The final thesis will be assessed by the thesis supervisor and Programme Director.6 Block V – Thesis and Internship Thesis Credits: 10 ECTS Course Objectives: All students need to write a Master's thesis. shareholders. Learning Outcomes: At the end of this course students will be able to: • Understand the law and economics of bankruptcy. creditors. • Understand raising capital on foreign markets. • Understand the investment law and its potential decision-making process of corporate Boards. corporate restructuring and takeovers in the US. We will analyse their motivation and consequences in an international context. survey or experimental data. • Understand the decision-making processes of corporate managers. corporations engage in 3 different major types of restructuring policies: (1) corporate transformations or asset sales. all students need to present their own thesis proposal and obtain/provide feedback. Besides small changes of operations. and (3) mergers or large acquisitions. unions and financial specialists. Prior to the writing the thesis. • Independently work on a clearly defined research project. • Analyse data using statistical methods. The thesis is written in an area related to the track of specialisation. (2) bankruptcy and reorganisation. Dr. building on existing literature and combining both a theoretical analysis and hypothesis development and an empirical analysis of real-world. which requires students to develop and show the ability to independently produce a piece of innovative research. F..
such as presentation skills and interaction with clients and higher management.Internship Credits: 5 ECTS Course Objectives: This internship is designed to provide an opportunity for students to develop practical skills in dealing with financial issues related to the track of specialisation. Learning Outcomes: By the end of the internship. students will: • Have applied their academic knowledge in a practical context. DSF has a number of partner institutions that are supportive of thesis work based on a student's placement. • Have developed practical skills in dealing with financial issues related to the track of specialisation. It is also included in the programme to allow students to develop professional skills. • Have learned institutional details in their specific track of specialisation. • Have developed professional skills. 21 . such as presentation skills and interaction with clients and higher management. Students may wish to combine the mandatory internship with the writing of the final thesis. Assessment Method: Students need to write a written report on their thesis.
2.3 The Duisenberg Leadership Programme The Duisenberg Leadership Programme is a key feature of the Master’s degree programme at Duisenberg school of finance. These courses are dedicated to building leadership skills in finance. regardless which Master’s programme students pursue. These tailored courses comprise the distinctive leadership programme: • Behavioral Finance • Communication Skills • Economics of Risk • Ethics in Finance • Financial Regulation • Finance and Sustainability • International Corporate Governance 22 . students will take courses from the Duisenberg Leadership Programme throughout the duration of their Master’s study. In order to fulfill the school’s mission to create financial leaders.
3. birthday calendar) Use the forum to communicate with their fellow students Read RSS feed for financial news (World and Europe) Enrolling for a course on DSO For each course you will be automatically enrolled. The courses that you are following will appear on the first page of your account.g.uva. literature lists) Read or download learning materials and syllabi (for courses which are organised by DSF) Check their schedule Be informed on upcoming events (internal and external events) Access information and use tools provided in the Career Resource Centre Find information on their fellow students (e. for Windows. Install the software on your device.duisenbergschooloffinance.wifiportal.g. The SecureW2 software will now be downloaded. Check to see if the right operating system is selected and click JoinNow.nl/wirelessconfig.g. Mac OS X or Android). Students use this site to: • • • • • • • • • Stay up to date with general information related to Duisenberg school of finance Stay up to date with their specific programme (e. If you already have an Internet connection (e.uva. Mac OS X or Android). Once your connection has been established. After installing the software Once you have installed the SecureW2 software you can start using wireless Internet at the UvA by selecting the ‘uva’ or ‘eduroam’ wireless networks and logging in with your UvAnetID (Mac users must ad @uva.nl). for Windows.g.nl (Internet Explorer will direct you to this page automatically).g. open your Internet browser and go to www. Check to see if the right operating system is selected and click JoinNow. tablet or smartphone. detailed course descriptions.2 Wireless Internet at Duisenberg school of finance To establish a connection to the UvA wireless network you will first need to install the SecureW2 security software on your laptop. mobile Internet) Go to www. This page checks your operating system to ensure you download the right software (e.1 Duisenberg school online (DSO https://dso. 23 .com/login/index. The SecureW2 software will now be downloaded. Duisenberg School Online and Wireless Internet 3. This page checks your operating system to ensure you download the right software (e. Programme structure.php Duisenberg school online (DSO) provides a Virtual Learning Environment (VLE) for all students at Duisenberg school of finance.3.nl after their UvAnetID: uvanetid@uva. Install the software on your device. contact details. If a course is missing from your list: please inform the DSF Office and you will be enrolled. If you are at a UvA location Establish a connection with the UvAguests wireless network.
Regulations for teaching and examinations of this study guide. please see the appendices section. For further rules and regulations with regards to lectures and attendances. 24 . We expect you to be in class well in time. Lectures and attendance Attendance is recorded at every lecture. so do not forget to sign the attendance lists.4. For certain courses active student involvement during the lecture is part of your final grade.
The results will also be discussed by the Educational Board 5.evaluation of the curriculum as a whole In September students will receive an email from the Programme Manager inviting them to show their interest in becoming a student representative in this board. Evaluations are one of the key marks in order to obtain and maintain accreditation from national and international bodies. you will receive a general evaluation form. There is an equal number of student representatives and teacher representatives. facilities and staff. 25 .components of the written course evaluations and the results of evaluation panels. Here we would like to hear your opinion about the complete programme.1 Evaluations The students will evaluate all courses. You are asked to submit the evaluation form before a given date. At the end of the academic year.5. The Educational Board advises the Dean on the Academic and Examination Regulations for the coming Academic year and evaluates the way in which the Academic and Examination Regulations are implemented. everything you fill out in an evaluation form will be handled confidentially. Of course. By the end of each course (around the date of the last lecture). . this will help us to further improve our reputation. We also need your evaluation of the programme for our quality assurance procedures. The results of the evaluations will be communicated with the Programme Directors and Lecturers involved. you will receive by email a link to an online course evaluation form.2 Educatutional Board Every Academic year a DSF Educational Board is appointed. To this end. it helps us to improve the programme for future students. Evaluations 5. Your cooperation is very much appreciated. the Educational Board can make use of: .
Putting all lecture room furniture back in its original/standard position after every class.nl) and Jesper van de Vooren (jesper. Turn off the light in the lecture room. trips.de.nl) Lonneke. location.heer@dsf. Remove all trash from lecture room after every class. Social Committee: 2. After the lecture you will hand the attendance list back to Ingrid van Beek. Shutting down the computer and beamer after the lecture (turn off).vooren@dsf. Commitees and Course Representatives 6.2 Course Representatives Programme Management will appoint a class representative for each course. The tasks of the course representative include: • Distributing & collecting student attendance list at the start of every class. events and other promotional activities (6 students). Please collect the attendance list at DSF office before each class: it will be in the intray on top of the cupboard next to the Programme Coordinator Ingrid van Beeks’s desk.6. Communication Team: Be the face of DSF and share your personal experiences with prospective candidates via our social media sites. Field Trip Team 6.g. Clean the white board(s) to ensure that the next scheduled class can start on time. If a class is scheduled in the evening.de. • • • • • • • 26 .de.1 Committees For the year 2012-2013 we will have two different DSF student teams in addition to the Evaluation Board: Organization of social events e. Career Team: 4. Making sure that all water glasses are taken back to the kitchen.nl) Lia de Heer (lia.Korenromp (Lonneke. please bring the list back the following day. Social Committee: Each of the two groups will work together with one or two of the DSF staff. 3. The Fieldtrip Team arranges the sponsoring.heer@dsf. company/university visits. Communication Team: Lia de Heer (lia. Career Team: Support the CRC and represent your programme during career events (4 students) 4 Fieldtrip Team: Organization of the Fieldtrip mid. The contact persons from DSF are: 1.van. Any other assistance which the lecturer might require.January 2013.nl) email@example.com) Rick Rudolph (rick.Korenromp@dsf. drinks or theme nights (6 students) 2. transport and accommodation (6 students) 1.
No retakes or grade improving assignments. Block IV 7. 2.5 will be rounded up to a 6). in the 3rd week of Block 5 for courses offered in Block 4. The student will get one other chance to sit the exam before the end of their study period.5 Distinction The Examination Board may award you a Master’s degree with Distinction if a student has excelled in their Programme. Block I • In week 2 (7 January . In the course descriptions (chapter 2 of this Study Guide) you can find how the course is assessed. in the 1st week of Block 5 for courses offered in Block 3. 7. Block III • In week 22 (27 May .12 January). the resit examination counts for one examination. having been unable to sit the exam or unable to perform to their normal standard for reasons beyond their control they will be offered one other chance to sit the exam before the end of their study period. In general a percentage of the grade will be given for participation. 4. The Board of Examiners can deviate from the requirement “all grades must be higher than 7” For further rules and regulations with regards to exams and retakes. Should students fail to pass the exam.3 Grading Marks can be awarded on two different scales: • in half integers (from highest to lowest grades from 10 to 1). 7. The four requirements maintained for this are. 1. These percentages differ per course. All final grades must be equal or higher than 7. In order to pass the exam the grade should be at least a 6 (a 5. If a student skips the exam for a course without the consent of the Programme Director. group work and individual assignments. Block II • In week 11 (11 March .4 Posting grades Grades for group projects.16 March). assignments and exams will be posted on DSO. in the 3rd week of Block 3 for courses offered in Block 2.1 June). please see Regulations for teaching and examinations 27 . If a student does not take the initial examination. A minimum of 8 for the final thesis. Resit options are limited to a maximum of four resit interim examinations per academic year per student. Exams and retakes 7.1 Exams The students will be required to sit for the final examination that follows directly after the course.7. the exam will still count as the first attempt.2 Retakes The resit examinations are scheduled in the 1st week of Block 3 for courses offered in Block 1. • the qualification pass or fail. The interim exams will take place: • In week 43 (22 October – 27 October). 7. 3. The average of all grades is at least 8.
This will help you develop a job search strategy. a web-based comprehensive career assessment tool that measures interests. announcements for events. along with all other career information: online company presentations. abilities and key work motivators. by phone through 020 – 525 8588 or 020 – 525 1624 and at our desks in 1. Attendance to these workshops is a requirement for participation in all career events. goals and motivators and with a network of industry contacts and alumni. Know yourself Even before starting the programme you complete Careerleader. Online Career Library Find valuable information and free career guides through Vault’s Career Insider. we have a network of industry contacts. Job and internship postings Job and internship opportunities will be published on Duisenberg school online (DSO).nl).8. In addition. both with our partners and outside. These workshops focus on networking. resume/cover letter writing. interview practice or any other career related issues you would like to discuss with a professional. information about online tools. Companies present themselves to you in company presentations or company visits. all full-time students follow 4 Marketing Yourself workshops. Topics in these sessions can be career choice.B. Career Resources The DSF Career Resource Centre organizes events and workshops throughout the year to help you enter the job market well prepared: aware of your personal strengths. You can find the login information on DSO. Marketing Yourself To develop career management skills. Involvement of recruiters from our corporate network in interview simulations adds a real-life effect to the workshops.35. Coaching sessions can be planned on your request or upon invitation of the Career Resource Centre. Career Events We provide you with ample opportunity to apply your career management skills in practice. etc. job searching. Contact the CRC The Career Resource Center can be contacted via e-mail (CRC@dsf. assessment and job interviews. to help you connect to the right people and find the most suitable internships and permanent positions. 28 . N. We organise professional seminars in which guest speakers tell you about developments in their field and give you an idea of the type of work you can do after graduation. Coaching In individual and group coaching sessions you discuss your Careerleader results and your career goals.
9.00pm General information Duisenberg school of finance Gustav Mahlerplein 117 1082 MS Amsterdam The Netherlands E-mail Website: firstname.lastname@example.org@dsf.nl Programme Coordinator Ingrid van Beek Tel: +31 (0)20 525 8576 E-mail: ingrid.nl Programme Manager Marieke Wagter Tel: +31 (0)20 525 8582 E-mail: marieke.nl http://www. Zacharias Sautner E-mail: zacharias.nl Opening hours DSF Office Monday to Friday: 8.dsf.nl Career Services Manager Lonneke Korenromp Tel: +31 (0)20 525 8588 E-mail: email@example.com@dsf.sautner@dsf. Contact details Programme Director Dr.nl 29 .30am – 5.
Appendix A Regulations for Teaching and Examinations Academic Year 2012-2013 30 .
M. Academic Year 2012-2013 1 .Regulations for Teaching and Examinations Academic Year 2012-2013 Master’s degree programmes ► LL. Finance and Law ► MSc Finance: Corporate Finance and Banking track Finance and Law track Risk Management track Duisenberg school of finance — Regulations for Teaching and Examinations.
Interim Examination: investigation of the knowledge. insight and skills that are necessary to obtain the degree. attitude and/or skills of the examination candidate. second paragraph. Programme Component: programme component in accordance with Article 7.M Finance and Law programme or MSc Finance programme. Study Guide: guide for the programme and/or track containing specific programme information. negotiate (mediate) or investigate all aspects concerning the complaint. Finance and Law and MSc Finance (Corporate Finance and Banking. as well as the evaluation of the results of that investigation. of the Act. hereinafter referred to as the ‘School’. 1. Practical Exercise: practical educational exercise as defined in Article 7. Definitions of Terms Where the terms in these regulations are also used in the Dutch Higher Education and Research Act (WHW). Admissions Board: the body responsible for admissions and granting scholarships. Degree Programme: the LL.2 1. • • • • • • • • • • • • 2 Duisenberg school of finance — Regulations for Teaching and Examinations. Academic Year 2012-2013 . Board of Examiners: the body responsible for establishing whether a student has satisfied all requirements as stated in the regulations regarding knowledge.3 Article 2. Student: a person registered at the School to take courses and/or to sit examinations and satisfy the requirements of the programme. Article 1. irrespective of the full-time or part-time status of the student. Credit: unit (EC) of 28 hours of study load.Section 1. insight. Dean: the person responsible for decreeing the Rules and Regulations for Teaching and Examinations. School: Duisenberg school of finance. These regulations apply to anyone starting the programme in the academic year 2012-2013. Final Examination: evaluation in order to determine whether the student has satisfied all the requirements of the degree programme. • • • • • Act: the Dutch Higher Education and Research Act (WHW).1 General Provisions Scope of the Regulations These sets of rules apply to the educational activities associated with and examinations of the Master’s degree programmes LL. hereinafter referred to as the ‘programme’ and/or ‘track’. the denotation given in the Act prevails.13. Block: one of five teaching and examination periods. Grade: end result of a programme component. Complaints Commission: the commission to be installed by the Dean for dealing with complaints that cannot be referred to any other organisational body.M. The degree programmes are offered by Duisenberg school of finance. DSO: the Duisenberg school of finance online learning environment. Finance and Law and Risk Management track).3 (paragraphs 2 and 3) of the Act for which examination is required. The Commission can advise. in accordance with the European Credit Transfer System (ECTS). 1.
For admission to the MSc Finance degree programme. the Board of Examiners must inform the Dean of its intention to grant the waiver in advance. government and related institutions. a GMAT or GRE test is not mandatory. Article 5. the Board of Examiners is authorized to waive. a top 20% score for the quantity component is required for admission. the MSc Finance programme features three specialised tracks: the Corporate Finance and Banking track.nl/home/admissions/requirements. For the LL. the candidate must complete a certified English language test before commencing the programme. The MSc Finance programme prepares students for a career in finance. Article 4.M.M. Aim of the Degree Programmes The LL. 7.3 7. either in the financial industry. one or more of the provisions listed in these regulations. Finance and Law programme offers training in financial theory and modern investment management. by means of a reasoned ruling. accounting techniques and principles of company law.Article 3. the thesis included. Article 6. For both tests. international contracts. Within the broad spectrum of the financial discipline. or academia. however. the candidate must complete a GMAT or GRE test.2 7. Hardship Clause In exceptional cases.1 Admission to the Degree Programmes Admission Requirements Students are eligible to start the degree programme if they hold an admission statement issued by the Admissions Board. Candidates should have obtained a TOEFL score of at least 600 (250 on the computer-based test and 100 on 3 7. Upon acceptance to the programmes. agencies. Language The degree programmes are taught in the English language. and the Risk Management track. the Finance and Law track. the Admissions Board is allowed to ask the candidate to complete a GMAT or GRE test. understanding and skills reflecting the final level of attainment in a relevant academic Bachelor’s degree programme as stipulated in the Admissions Requirements published on www.dsf. Section 2. the degree programmes of the School can be studied both on a full-time basis (12 months) and on a part-time basis (24 months). The Board of Examiners may impose additional entry requirements. candidates must have demonstrated knowledge. corporate and structured finance. banking and securities regulation. Should such a ruling affect more than 10 students. Article 7. Academic Year 2012-2013 . The Board of Examiners may grant admission to the degree programme to candidates with a different educational background after receiving positive advice from the Admissions Board.4 Duisenberg school of finance — Regulations for Teaching and Examinations. Degree Programme Types With the exception of the Corporate Finance and Banking track. For admission to the degree programmes. Finance and Law degree programme. Students in the programmes prepare all their assignments in English.
1 9. A complete application contains: − a copy of the degree which you obtained from your previous university and a certified transcript in English. the tuition fee is set at €26. the fees are set at a fixed rate of €1. Article 8. from taking a mandatory language test.000) is reimbursed.the Internet based test). The International English Language Testing System (IELTS) requires an average of 7. In order to register for a programme and/or track.000 and €2. Admissions interview conducted by the Programme Director. 9. Admission Procedure The responsibility for admitting students to the degree programmes and/or distinct tracks is delegated to the Admissions Board. registration for a subsequent year is compulsory. a down payment of €2.1 8. The remaining tuition fee has to be paid within 30 days of the invoice date. a statement from the NUFFIC. The Admissions Board issues a written admission statement to accepted candidates stipulating conditions if applicable.000. Article 9.3 The Admissions Board’s decision is final. stating the reasons for its refusal to admit and/or register the student.3). Academic Year 2012-2013 . − the student’s curriculum vitae.e.000 has to be paid within 30 days of the invoice date. The Board of Examiners will determine on 31 August if a student has completed the programme. In addition.2 9. Second round evaluation conducted by the Admissions Board for final evaluation.2 • • • 8. 8.000. accompanied by additional supporting documents. In this case. The down payment is nonrefundable. First round evaluation conducted by the Recruitment and Admissions Office. The fee for attending a distinct course is set at €400 per credit (see also Article 15. 50% of the registration fee (i.3 4 Duisenberg school of finance — Regulations for Teaching and Examinations. If the student graduates before 1 February. respectively.5 Contrary to the provisions of Article 7. the School may exempt candidates who have had their preparatory education in a country where English is the official working and educational language. − a certificate with regard to English proficiency (if you are not a native speaker of that language). confirming that the preparatory education in the English language has been received. a fee of €400 per credit will be charged per programme component to be completed.000. If a student does not complete the degree programme in one academic year. will be required. Fee For students who start the degree programme in 2012. If a student fails to do so. The Admissions Board notifies a rejected candidate in writing. The admission process consists of four stages: • Completing the online application form. − a letter of recommendation from at least two academic referees. €1. The registration fee for a subsequent year is set at €2. For the internship and thesis. Rejected candidates are entitled to lodge an appeal against the Admissions Board’s decision with the Board of Examiners. − a copy of your passport. − a motivation statement. 7.0 in all modules). the School has the right to deregister the student immediately.0 (minimum score of 7.4.
but is subject to availability.1 15. Thesis Proposal and Thesis Assessment Form. The academic calendar is presented in Appendix B. A thesis th defence session is mandatory and is scheduled in the 12 week of Block 5. Students are allowed to take two extra courses. in addition to the required course load of 70 EC. Exemptions must first be approved by the Programme Director before these can be granted by the Board of Examiners (see Appendix C for the Internship Guidelines). The programmes take 12 months (full-time) or 24 months (part-time) based on a 40-hour working week. Taking an extra course from another programme and/or track within the School requires the approval of the Programme Directors. according to the definition of the European Credit Transfer System (ECTS). An overview of the programme outlines is presented in Appendix A. Article 12. Internship The internship is a mandatory component of the degree programme. Article 14. Thesis The thesis is the tailpiece of the degree programme. comprising the preprogramme weeks. Academic Calendar The programmes and/or tracks follow the academic calendar. a request for an exemption must be handed in 30 days before the start of Block 5. Academic Year 2012-2013 . Study Load The degree programmes comprise a total study load of 70 EC. Article 10. 15.2 Electives It is mandatory to take electives amounting to credits and the designated options as stipulated in the Study Guide of the distinct programme and/or track. See Appendix D for the Thesis Guidelines. The research and writing phase may be commenced only when the thesis proposal has been approved by the Programme Director.3 5 Duisenberg school of finance — Regulations for Teaching and Examinations. Only part-time students with a job relevant to the contents of programme are allowed to use their current employment as internship.Section 3. The thesis programme component comprises a methodology and thesis proposal seminar. Structure of the Degree Programmes Structure of the Degree Programme The degree programmes and/or distinct tracks comprise the components listed and described in the Study Guide. including the summer months (July and August). A thesis supervisor will be assigned by the Programme Director based on the contents of the proposal. Registered students who want to take more than two extra courses in addition to the required course load of 70 EC will be charged €400 per credit. Article 11. examination periods and holidays. In this case. Article 15. free of charge. 15. Participation in these courses is subject to seat availability. The results of these extra courses will be recorded on the student’s transcripts. programme Blocks. Article 13.
A student who is unable to attend an interim examination must notify Programme Management by email as soon as possible.3 Duisenberg school of finance — Regulations for Teaching and Examinations. as far as possible. Interim examinations are scheduled in the designated time slots as indicated in the academic calendar (Appendix B).3 16. evidence. the Board of Examiners is authorized to grant a student an exemption from one or more of the courses described in the Study Guide. see Article 13.2 A request for an exemption must be handed in 30 days before the start of the course. There are two instances for taking interim examinations: • • The initial examinations are scheduled in the 8 week of the Block in which a course is offered. 17. Academic Year 2012-2013 . content and level. accommodates their particular handicap. In no case can a student be exempted from the thesis or internship (For the only exception.1 Exemptions Based on a written request. Interim Examination Procedure Interim examinations are conducted in accordance with the information in the Study Guide.2 18.4 17. The sources from which the interim examination is derived will be announced in the Study Guide. A legitimate reason to be absent during an interim examination has to be supported by written.) 16. the Board of Examiners will seek proper consultation before ruling on the type of examination to be administered. If necessary. oral presentation or a combination of these types.2 Interim Examinations and Final Examination Interim Examinations The School commonly uses the following types of examination: written examination. st The resit examinations are scheduled in the 1 week of Block 3 for courses 6 th 17.1 17. 18. or. official. Students cannot be exempted for more than 7 EC in total. oral examination. in any case before the start of the interim examination.1 18.Article 16. is able to demonstrate sufficient knowledge and skills in the course subject matter that he or she has gained through work experience.4 Section 4. 16. Students who suffer from a physical or sensory disability are offered the opportunity to take interim examinations in a manner that.5 Article 18. The Board of Examiners must render its decision within 10 working days of receiving the student’s request for an exemption.3 17. 16. Article 17. The precise extent of the interim examination will be announced on DSO before the start of the course. provided that the student: • • has either completed an academic course that is equivalent in terms of intended learning outcomes.
5. in the 3 week of Block 5 for courses offered in Block 4. with the exception of absence due to a legitimate reason (for the conditions see Article 17.5 Article 21. The School ensures that the results are recorded and published on the student’s grade books at DSO within 5 working days after the results are received. this will be reported to the Board of Examiners. as defined in Article 7. the Board of Examiners will decide on the sanction.3 In half integers: highest to lowest grades from 10 to 1.4 18. Successfully taken examinations of the full-time programmes remain valid until 31 August of the second year of registration for the programme. during an examination. Oral examinations are public unless the Board of Examiners decides otherwise. e. are part of the interim examination. it is established that a student has violated any of the rules stated in the Internal Regulations for Written Examinations (see Appendix E). 21. Grading.g. the student will be given the opportunity to inspect the assessed written interim examination.5 An interim examination that has been passed with a sufficient result is deemed completed and cannot be taken again. Fraud and Plagiarism When. 18. in the 3 week of Block 3 for courses offered in Block 2. In the case of an oral examination. Students are eligible to take part in interim examinations for a course only if they have taken part in all practical exercises for the course.4 20. 19. the student has to retake the course in the next academic year (see also Article 9. Successfully taken examinations of the part-time programmes remain valid until 31 August of the fourth year of registration for the programme.offered in Block 1. A practical exercise may take one or more of the following forms: writing a study assignment.5). The Study Guide specifies which practical exercises.1 Following an email request to Programme Management.3). Resit options are limited to a maximum of four resit interim examinations per academic year per student. After hearing the student and the invigilator. oral presentations.6 Article 19.3 Article 20. in the st rd 1 week of Block 5 for courses offered in Block 3. Lecturers must hand in the results of all examinations within 10 working days after the examination has taken place. the examiner will announce the result immediately and provide written evidence. Results and Validity of Examinations Grades can be awarded in two different manners: • • 20. second paragraph of the Act. with the exception of 5. A pass or fail qualification. 20. If a student does not take the initial examination the resit examination counts for one of four options as mentioned above.1 19. Inspection.1 Duisenberg school of finance — Regulations for Teaching and Examinations. Academic Year 2012-2013 . carrying out an assignment or participation in other educational activities with the aim of developing specific skills. After failing an interim examination resit.13. Types of Examination The rules and procedures for written interim examinations are presented in the Internal Regulations for Written Examinations (see Appendix E).2 19. rd 18.2 20. 7 20.
the student is allowed to compensate one failed interim examination – if the result is not lower than a 5 – with an interim examination graded a 7 or higher. As an exception to the provisions in Article 22. Academic Year 2012-2013 .4 21.1. A minimum of 8 for the thesis. Student Monitoring and Counselling Student Counselling Registered students can consult the student counsellor to discuss study and careerrelated issues.4 22. project or thesis. Details of the degree awarded will be recorded on the degree certificate.3 21. 21. 8 Duisenberg school of finance — Regulations for Teaching and Examinations. A student who has successfully met all the requirements of the degree programme will be awarded a master’s degree and will be conferred the title of “Master of Laws” or “Master of Science” respectively. concludes that the student has impermissibly used the writing of others. the Board of Examiners may.21. investigate the student’s knowledge in one or more programme components of the degree programme if the student’s examination results suggest this is justified. All final grades must be equal or higher than 7. Article 23. When the student is sanctioned because of fraud other irregularities. prior to the decision to award a degree. After hearing the student and the examiner. When the examiner.5 Article 22. the relevant sanction will be included in the student’s file. With the exception of the thesis and the internship. Final Examination The Board of Examiners reviews the student’s record of academic achievement to determine whether the student has met the requirements for the degree programme. Absence of resit examinations.5 Section 5. The Board of Examiners is allowed to award a master’s degree with distinction when the student has excelled in the degree programme and has satisfied all of the following conditions: • • • • The average of all grades is at least 8. this will be reported to the Board of Examiners. the student implicitly agrees that this text is entered into the database of the detection programme. 22. The student will pass the final examination if all programme components are successfully completed. the Board of Examiners will decide on the sanction. in grading a written paper.3 22. By handing in a text. The severest sanction that can be imposed by the Board of Examiners in the case of fraud is to exclude a student from taking any interim examinations within the School for a maximum period of 12 months.1 22.2 Electronic detection programmes can be used in order to detect plagiarism in texts.2 22.
13.1 Transitional Regulations If substantive changes are made to the structure of the study programme or to the contents of these regulations. Date of Commencement These regulations are decreed by the Dean on 31 August 2012 and will take effect on 1 September 2012. Article 28. Transitional and Final Provisions Conflicts with the Regulations If other regulations or information relating to the degree programmes or examinations are in conflict with these regulations. If a student has failed 25% or more of the interim examinations an evaluation meeting with the Programme Director will be held. These transitional regulations will always include: • • a regulation relating to exemptions that may be awarded on the basis of examinations already secured. Complaints Commission All cases not covered by these regulations first have to be referred to Programme Management. An amendment to these regulations will not take effect during the current academic year unless this does not unreasonably affect the interests of the students. 28. the provisions of these regulations take precedence. a Complaints Commission has to be installed by the Dean (see Appendix F). which will be appended to these regulations. paragraph 2(a) to (g) and paragraph 3 of the Act. Article 26. If this is not the case. Academic Year 2012-2013 .3 Student Monitoring The School ensures that a record is kept of each student’s examination results and credits earned at this School. 26. If the specific case cannot be resolved by Programme Management. 28. The School ensures that grades and credits are recorded so that each student can receive an up-to-date overview of their results.2 24. 24. Section 6. the Dean will adopt transitional regulations. 26. it has to be decided whether it is a case to be addressed by the Board of Examiners.1 Amendments to the Regulations Amendments to these regulations are implemented by the Dean by means of an individual decision and with respect to the subjects of Article 7.1 24. the period of validity of the transitional regulations. Article 25. 9 Duisenberg school of finance — Regulations for Teaching and Examinations.2 Article 27. The meeting results in a written advise to the student.Article 24. After Block 1 and 2 the student’s results will be evaluated by the Programme Director.2 Article 29.
5 EC 3.5 EC 3.5 EC 3.0 EC 3.5 EC 3.5 EC 5.5 EC 3.5 EC 3.5 EC 3.Appendix A: Programme Outline (in European Credits) LL.5 EC 3.5 EC 3.M.0 EC 70.5 EC 3.5 EC 3.0 EC Credits 0.0 EC 1.5 EC 3.0 EC 3. Academic Year 2012-2013 .5 EC 3.5 EC 3.5 EC 3.5 EC 3.5 EC 1.0 EC 70.5 EC 3.5 EC 3.5 EC 3.5 EC 3.5 EC 3.5 EC 3. Finance and Law Advanced Computational Bootcamp Law Refresher Quantitative Methods in Finance Ethics in Finance Financial Regulation Financial Accounting Financial Econometrics Corporate Valuation Finance and Sustainability International Corporate Governance Competition Law Enforcement in Banking Law of Banking and Financial Markets Mergers and Acquisitions Transactions and Law Behavioural Finance Corporate and Tax Law Contract Law Economics of Risk Comparative Corporate Law and Governance Securities Regulation Elective Internship Thesis Total MSc Finance – Corporate Finance and Banking Advanced Computational Bootcamp Statistics and Econometrics Refresher Banking Refresher Ethics in Finance Financial Regulation Financial Accounting Financial Econometrics Corporate Valuation Finance and Sustainability International Corporate Governance Corporate Financial Management Corporate Governance Investments Behavioural Finance Commercial Banking Entrepreneurial Finance Enterprise Wide Risk Sources Economics of Risk International Corporate Finance and Risk Management Elective Internship Thesis Total Credits 0.5 EC 3.5 EC 3.0 EC 1.5 EC 3.5 EC 1.0 EC 10.5 EC 3.5 EC 3.0 EC 10.5 EC 5.5 EC 3.0 EC 10 Duisenberg school of finance — Regulations for Teaching and Examinations.
5 EC 3.5 EC 3.0 EC 10.5 EC 3.5 EC 3.0 EC 3.5 EC 3.5 EC 3.5 EC 3.0 EC 1.5 EC 3.0 EC 11 Duisenberg school of finance — Regulations for Teaching and Examinations.5 EC 3.0 EC Credits 0.5 EC 5.5 EC 3.0 EC 70.MSc Finance – Finance and Law Advanced Computational Bootcamp Law Refresher Quantitative Methods in Finance Ethics in Finance Financial Regulation Financial Accounting Financial Econometrics Corporate Valuation Finance and Sustainability International Corporate Governance Corporate Financial Management Investments Mergers and Acquisitions Transactions and Law Behavioural Finance Corporate and Tax Law Entrepreneurial Finance Economics of Risk Bankruptcy and Corporate Reorganization US Mergers and Acquisitions Law Elective Internship Thesis Total MSc Finance – Risk Management Advanced Computational Bootcamp Statistics and Econometrics Refresher Programming Ethics in Finance Applied Risk Management Financial Regulation Financial Accounting Financial Econometrics Measure Theory and Stochastic Processes (I) Finance and Sustainability Derivatives Asset Pricing Measure Theory and Stochastic Processes (II) Behavioural Finance Credit Risk Management Enterprise Wide Risk Sources Actuarial Mathematics and Modelling Economics of Risk Market and Systemic Risk Management Fixed Income Elective Internship Thesis Total Credits 0.0 EC 10.5 EC 3.5 EC 3.0 EC 3.5 EC 3. Academic Year 2012-2013 .5 EC 3.5 EC 3.5 EC 3.5 EC 3.5 EC 3.5 EC 3.5 EC 3.5 EC 3.5 EC 5.5 EC 3.5 EC 3.5 EC 1.5 EC 3.5 EC 3.0 EC 70.5 EC 1.5 EC 3.0 EC 1.5 EC 3.5 EC 3.
Appendix B: Introduction Week 34-35 Block 1 Week 36-42 Week 43 Block 2 Week 44 Week 45-52 Week 53-1 Week 2 Block 3 Week 3 Week 4-10 Week 4 Week 6 Week 11 Block 4 Week 12 Week 13-17 Week 18 Week 19-21 Week 22 Block 5 Week 23 Week 24-35 Week 24 Week 26 Week 33 Week 34 Academic Calendar 2012-2013 20 August-31 August 3 September-19 October 22 October-27 October 29 October-2 November 5 November-21 December 24 December-5 January 7 January-12 January 14 January-18 January 21 January-8 March 21 January-26 January 4 February-9 February 11 March-16 March 18 March-22 March 25 March-26 April 29 April-3 May 6 May-24 May 27 May-1 June 3 June-7 June 10 June-30 August 10 June-15 June 24 June-29 June 16 August 12:00 PM 19 August-23 August Pre-programme Courses Lectures Interim Examinations Preparation Week Lectures Holiday Interim Examinations Field Trip Lectures Resit Interim Examinations Block 1 Resit Interim Examinations Block 2 Interim Examinations Preparation Week Lectures Holiday Lectures Interim Examinations Preparation Week Internship and Thesis Resit Interim Examinations Block 3 Resit Interim Examinations Block 4 Thesis Deadline Thesis Defence 12 Duisenberg school of finance — Regulations for Teaching and Examinations. Academic Year 2012-2013 .
excluding travel expenses. The duration of the internship is at least 140 hours. In this case a progress report must be submitted for approval to pass the internship requirements before 31 August. learning institutional details in their specific track of specialisation. including approval by the Programme Director of the internship evaluation. The deadline for finishing the internship is 31 August. as the objective of the internship is to integrate professional experience and academic knowledge and skills acquired during the programme. Students can choose an internship that continues after 31 August.1 1. 13 Duisenberg school of finance — Regulations for Teaching and Examinations. The Regulations for Teaching and Examinations of Duisenberg school of finance also apply to the internship. Allowances Internship allowances differ across companies. • Article 4. Article 3. developing practical skills in dealing with financial issues relating to the track of specialisation. 1. such as presentation skills and interaction with clients and higher management. The intended learning outcomes of the internship are: • • • • application of academic knowledge in a practical context. No internship exemptions will be granted for duties performed in previous employment or internships. The required 140 hours must be completed before that date. Academic Year 2012-2013 .3 Article 2. based upon the working hours per week as specified in your internship agreement or normal working hours. Article 1. The internship is a mandatory programme component in all Duisenberg school of finance course programmes. General Provisions Scope of the Internship Guidelines These internship guidelines apply to all master degree programmes offered by Duisenberg school of finance. In no way should the student’s decision to prolong the internship after 31 August interfere with programme requirements and/or the academic year calendar. The internship takes place in Block 5. Study Load of the Internship • • • • • The study load of the internship is 5 EC.Appendix C: Internship Guidelines Section 1. The hours cannot be divided between multiple companies or organizations unless the student receives the Programme Director´s written approval.2 1. A rule of thumb for an internship allowance is €500 per month. must have been met. developing professional skills. At this date all internship requirements. Objectives of the Internship The objective of the internship is to gain practical experience by applying the academic skills and knowledge that students have acquired in their formal academic studies.
Article 7. Link with Thesis • • If the student wants to link the thesis with the internship. b. you are part of the team in the department you intern with and are involved with the day-to-day activities. this can only be done after approval of the Programme Director. 14 Duisenberg school of finance — Regulations for Teaching and Examinations. The Programme Director will check if the task description results in the intended learning outcomes of the internship as stated in Article 2. Instead of doing a specific assignment. the student must meet the following criteria: a. Choosing an Internship Finding an Internship • • The student is obliged to find an internship. When combining the thesis and internship. he/she should send a request for approval for this before 1 May. • A participatory internship. Each internship must comply with the academic requirements set by the School. The topic should be sufficient analytical and general to conduct theoretical and empirical academic research. offers CV and cover letter feedback. The academic thesis supervisor monitors the academic standards of the research. The Career Resource Centre (CRC) advertises internship vacancies. Part-time students are allowed to do an internship assignment with another company. Approval • • The CRC guarantees that the internships offered through the CRC meet the general internship requirements set by the School. and who will assess whether it is possible to implement the new internship-thesis. Part-time students with a job relevant to the degree programme may use their current employment as internship. • Article 6. who will then reconsider the match with the supervisor. namely: • The internship provides the student the opportunity to creatively and innovatively apply the academic skills and knowledge from the track of specialisation. • The internship gives the student the opportunity to work independently at an academic level. the literature survey and the applicable methodology. and one-to-one coaching to help students find and secure an internship. Substance There are two internship options: • A project internship. • Article 8. The student must send the Programme Director of the distinct programme and/or track the task description of the internship for approval at least two weeks before the planned starting date. This option is centred on an assignment or a project. This must be approved by the PD in a signed assessment of the relevance of the part-time students’ work experience at the end of the first year. This type of internship is commonly offered by most investment banks. c. after first gaining their employer’s approval. The thesis proposal should specify the research questions. If the student wants to link the internship with the thesis after the first proposal.Section 2. Article 5. Academic Year 2012-2013 . The focus of this type of internship is gaining practical job experience.
In addition. evaluate the student after the internship. signed by both the company and the faculty supervisor. This form requests detailed information on the duties of the position and recommendations for future interns. Forms to be completed at the conclusion of an internship and before 31 August include: • • the completion and evaluation form. • assess the evaluation of both student and hosting supervisor. the student must earn a satisfactory evaluation from the company internship supervisor as well as from the Programme Director. Section 4. each student will be assigned a faculty supervisor by the School. 15 Duisenberg school of finance — Regulations for Teaching and Examinations. This supervisor will: • • supervise the student during the internship. which is the independent verification of the student’s work experience. Assessment • • • Internships will be assigned a pass/fail qualification by the Programme Director. This supervisor will: • provide supervision during the internship if needed. Article 11. In order to pass the internship. as well as reflections on the lessons learned during the student’s internship experience. Article 12. Supervision and Assessment Requirements An internship will be valid only if the required procedures as indicated in these regulations are being followed.Section 3. Article 10. signed for approval by the Programme Director of the specific programme and/or track. The assessment of the internship by the Programme Director is based on the evaluation form of the student. duration and dates of the internship and deliverables. Supervision and Assessment Supervision All internships require a company internship supervisor. the internship evaluation by the student. Article 9. Forms Forms to be completed and handed in at CRC before the start of an internship include: • • an internship proposal describing the students’ duties and responsibilities. Academic Year 2012-2013 . and the separate evaluation form from the company internship supervisor. a release of liability.
If several invigilators are present at an examination. the student can be excluded from the examination by the (chief) invigilator. Furthermore. Students taking written examinations may not leave the room for the first 30 minutes. The student will have been informed of these other aids in the lecture. At least one expert will be available at the start of the examination to answer any technical questions relating to the examination and the subject. notes or readers with you into the restroom is forbidden. Using the restroom during the examination is not allowed unless the (chief) invigilator has given permission. a chief invigilator will be appointed to bear final responsibility. Use of graphical and/or programmable calculators is never allowed during the examination unless the front page of the exam paper explicitly mentions their use is permitted. If a report of an irregularity proves erroneous after having led to the exclusion of a student from an examination. Internal Regulations for Written Examinations Article 1.Appendix E. The student will only have a pen. Article 2. the student must follow the instructions given by the (chief) invigilator. Academic Year 2012-2013 . If any irregularity occurs. leaving the exam paper behind. Students are allowed into written examinations up to 30 minutes after the official start. Article 3. Registration Students are registered for all interim examinations with regard to the mandatory courses of the programme and/or track. Invigilation • • • Duisenberg school of finance will arrange invigilators for the written examination(s). The invigilators will ensure that the examination proceeds in an orderly manner. The bag or case must be closed. General Provisions These regulations apply to all written interim examinations of Duisenberg school of finance programmes. Speaking is prohibited while using the restroom. The student must immediately exit the room. • • • • • 16 Duisenberg school of finance — Regulations for Teaching and Examinations. Students who arrive late will not be given extra time to complete the examination. Late Arrivals • • • Article 4. as mentioned in Article 5. If permission is granted. carrying aids such as a mobile phone. A written report of any occurrence of irregularity will be presented to the Board of Examiners by the (chief) invigilator. the student has a right to an extra retake at a date defined later. Order in the Examination Room • • Smoking is prohibited during the examination. pencil and eraser on the desk unless on the front page of the exam paper the permission of the use of other aids is specifically stated. Article 5. Mobile phones must be shut off and stored in a bag or case next to the desk.
the date of the complaint. Responsibility The Dean shall bear responsibility for ensuring that oral and written complaints are properly addressed. 1. Article 8.2 the name and address of the complainant. 17 Duisenberg school of finance — Regulations for Teaching and Examinations. Article 6. Article 5. Conduct by a person working under the auspices of a School body is regarded as conduct by that body. Article 7. Article 3. Academic Year 2012-2013 .1 Complaint A complaint must contain at least the following information: • • • • 8.Appendix F. the complainant shall be afforded another opportunity to meet his/her obligations. This officer shall process each complaint submitted in accordance with the procedure set out in these regulations. Privacy The Complaints Commission shall respect the privacy of the complainant at all times.1 Scope of the Regulations Each student of Duisenberg school of finance who is enrolled in the master degree programmes is entitled to submit an oral or written complaint to the Dean about the treatment he/she has received from a School body (administrative or organisational). Appointment The Dean shall appoint a Complaints Commission to process and submit recommendations on complaints. Independency The complaint shall be handled by a person who is not involved in the conduct referred to in the complaint. the nature of the complaint. 8. Submitted complaints shall be collected by the Complaints Commission with a frequency that allows him/her to meet the conditions of Article 15. Complaints Commission Procedure Article 1. 1.1 6. Mediation The Complaints Commission referred to in Article 3 shall endeavour as far as possible to solve the complaint through mediation.2 Submission Complaints must be submitted to the Dean. If the complaint fails to comply with the conditions of this Article.2 Article 2. Article 4. 6.1. the name of the party who is the subject of the complaint ("respondent").
dsf.nl 18 Duisenberg school of finance — Regulations for Teaching and Examinations. Academic Year 2012-2013 .Duisenberg school of finance Gustav Mahlerplein 117 1082 MS Amsterdam The Netherlands www.