Educational guide

IDENTIFYING DATA

2017_18

Subject

FINANCIAL MARKETS

Code

01728209

Study programme

M.EUROPEO UNIVERSITARIO EN DIR. DE EMPRESAS

Descriptors

Credit.

Type

Year

Period

Compulsory

Second

Language

Ingles

Prerequisites

Department

DIREC.Y ECONOMIA DE LA EMPRESA

Coordinador

TASCÓN FERNÁNDEZ , MARÍA TERESA

E-mail

mttasf@unileon.es
mcrodsa@unileon.es
-
fl??i@unileon.es
evalg@unileon.es

Lecturers

RODRÍGUEZ SANTOS , MARÍA CARMEN

TASCÓN FERNÁNDEZ , MARÍA TERESA

ALVAREZ OTERO , SUSANA

LOPEZ ITURRIAGA , FELIX JAVIER

VALLELADO GONZALEZ , ELEUTERIO

Web

http://

General description

Tribunales de Revisión

Tribunal titular
Cargo	Departamento	Profesor
Presidente	DIREC.Y ECONOMIA DE LA EMPRESA	FANJUL SUAREZ , JOSE LUIS
Secretario	DIREC.Y ECONOMIA DE LA EMPRESA	AMOR TAPIA , BORJA
Vocal	DIREC.Y ECONOMIA DE LA EMPRESA	SIERRA FERNANDEZ , MARIA DEL PILAR

Tribunal suplente
Cargo	Departamento	Profesor
Presidente	DIREC.Y ECONOMIA DE LA EMPRESA	GONZALEZ FERNANDEZ , ANA MARIA
Secretario	DIREC.Y ECONOMIA DE LA EMPRESA	VALDUNCIEL BUSTOS , LAURA
Vocal	DIREC.Y ECONOMIA DE LA EMPRESA	ROBLES GONZALEZ , FRANCISCO JAVIER

Competencies

Type A	Code	Competences Specific
	A14653
	A14664
	A14675
	A14686
	A14697
	A14797
Type B	Code	Competences Transversal
	B3988
	B3989
	B3990
	B3991
	B3993
	B3994
	B3995
	B4017
	B4018
	B4019
Type C	Code	Competences Nuclear
	C1
	C2
	C3

Learning aims

	Competences
The student knows and understands the theoretical aspects of the subject.	A14653 A14664 A14675 A14686 A14697 A14797	B3994 B4017	C2
The student is able to identify and get the required data for the application of methods and procedures with real-world data in practical exercises and assignments.	A14653 A14675	B3990 B3993 B3995 B4018	C1
The student applies the methods properly with real-world data in practical exercises and assignments	A14653 A14675 A14686 A14697	B3990 B3993 B4018 B4019	C1
The student uses the economical reasoning in the interpretation of results in practical exercises and assignments with real-world data.	A14653 A14664 A14675 A14686 A14697	B3988 B3989 B3990	C2 C3
The student attends and takes an active part in discussions and activities made during the class.	A14653 A14664 A14675 A14686 A14697	B3988 B3990 B3991 B4018	C1 C2

Contents

Topic	Sub-topic
Financial markets and asset pricing	1. Portfolio Theory
Financial markets and asset pricing	2. Asset-Pricing Theory
Financial markets and asset pricing	3. Market Efficiency
Financial markets and asset pricing	4. Equity Valuation
Financial markets and asset pricing	5. Fixed Income Pricing
Financial markets and asset pricing	6. Derivative Securities

Planning

Methodologies :: Tests
	Class hours	Hours outside the classroom	Total hours
Problem solving, classroom exercises	6	6	12

Practicals using information and communication technologies (ICTs) in computer rooms	11	11	22
Case study	2	12	14

Lecture	11	11	22

Objective multiple-choice tests	2	3	5

(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies

Methodologies ::

	Description
Problem solving, classroom exercises	Formulation, analysis, resolution and debate of a problem or exercise related to the topic of the subject.
Practicals using information and communication technologies (ICTs) in computer rooms	Individual work to solve the assigned cases, applying theoretical and practical knowledge adquired during the classes. Reporting on students’ results.
Case study	Gathering of real information to be applied in the cases. Selection and elaboration of that information.
Lecture	Interactive lectures, to communicate core material and to deal with central concepts and models.

Personalized attention

Practicals using information and communication technologies (ICTs) in computer rooms

Case study

Lecture

Problem solving, classroom exercises

Description

- On site, during the practical classes in the computer rooms (all the students in the group).
- On site, at the teacher's desk or by phone (one to four students) during the tutorial assistance hours of each teacher.
- By e-mail.

Assessment

	Description	Qualification
Practicals using information and communication technologies (ICTs) in computer rooms	Practical exercises and assignments	20%
Case study	Practical exercises and assignments	20%
Objective multiple-choice tests	Exam	50%
Others	Attendance and participation	10%

Other comments and second call
Second Call: A written exam, containing theoretical and practical questions, which maximum score will be 5 points. Practical works and exercises will obtain a maximum score of 4 points, and the student will hand in the ones failed for the first call. For the remaining 1 point, the score obtained during the first call is maintained. Extra Exam Session in December or Academic years without classes: A written exam, containing theoretical questions (5 points) and practical exercises (5 points) similar to those performed in class during the previous academic year. The holding and use of mobile phones and/or electronic devices is strictly forbidden during the exams. The holding of unauthorised class notes, books, portfolios, mobile and/or electronic devices, etc. during the exams will mean the immediate withdrawal of the exam, the expulsion of the student, and the qualification of the exam with a failing grade.

Sources of information

Access to Recommended Bibliography in the Catalog ULE

Basic	Bodie, Z., Kane, A., and Marcus, A.J., Essentials of Investments, McGraw-Hill. , 2017

Complementary	Penman, S.H. , Accounting for Value, Columbia Business School, 2011 Cochrane, J.H., Asset Pricing, Princeton University Press, 2005 Jordan, B.D., Westerfield, R.W. and Ross, S.A., Corporate Finance Essentials , Irwing, 2011 Cochrane, J. H. , Financial Markets and the Real Economy, Edward Elgar Publishing, 2006 Constantinides, G.M., Harris, M. and Stulz, R.M., Handbook of the Economics of Finance Volume 1B: Financial Markets and Asset Pricing, Elsevier, 2003 Elton, E.J. Gruber, M.J., Brown, S.J. and Goetzmann, W.N. , Modern Portfolio theory and Investment Analysis, Wiley, 2010 Poitras, G. , Security Analysis and Investment Strategy, Blackwell, 2005 Campbell, J.Y., Lo, A.W., and MacKinlay, A.C. , The Econometrics of Financial Markets, Princeton University Press, 1997

Recommendations

Subjects that it is recommended to have taken before

CORPORATE FINANCE / 00513008