Aller à : contenu haut bas recherche
 
 
EN     FR
Vous êtes ici:   UNIL > HEC Inst. > HEC App. > SYLLABUS
 
 

Financial Markets

  • Teacher(s):   R.Steri  
  • Course given in: English
  • ECTS Credits: 6 credits
  • Schedule: Spring Semester 2018-2019, 4.0h. course (weekly average)
  •  sessions
  • Related programmes:
    Bachelor of Science (BSc) in Economics

    Bachelor of Science (BSc) in Management

 

Objectives

The course provides students with a clear understanding of the fundamental principles of financial investments and of how modern financial markets work. The course focuses on the role that finance plays for personal and business investment decisions.

By the end of this course, students should be able to critically use finance theories, techniques and concepts, and apply them to real-world situations. The course also provides foundations to undertake more specialized finance courses.

Contents

The course focuses on the following modules:

  • Discounting, Interest Rates and the Macroeconomy
  • The Analysis of Real Investment Decision
  • Bonds and Fixed-Income Securities
  • Stocks
  • Capital Markets and Trading
  • Portfolio Allocation: Developing Investment Strategies
  • Active and passive Invesments: Market Efficiency, Anomalies, Personal Finance
  • Derivatives and Options

References

Lecture slides will be posted on the course web site. The suggested book for the course is:

  • Jonathan Berk, Peter DeMarzo, Corporate Finance, 2nd/3rd Edition, Pearson.

Lecture slides and regular attendance to classes should suffice to succeed in the exam. Alternative books (not required) include:

  • R. A. Brealey, S. C. Myers, F. Allen, Principles of Corporate Finance, McGraw-Hill, 8th edition, 2005;
  • Z. Bodie, A. Kane, and A. J. Marcus, Essentials of Investments, McGraw-Hill/Irwin, 7th Edition, 2007;
  • M. Grinblatt and S. Titman, Financial Markets and Corporate Strategy, McGraw-Hill, 2nd Edition, 2001;
  • J. Hull, Options, Futures, and Other Derivatives, Prentice Hall, 6th edition, 2005.

Possible additional readings and detailed references will be announced during the course

Pre-requisites

Students should certainly be familiar with the basics of probability and statistics and with the use of electronic spreadsheets (e.g. Excel).

Evaluation

First attempt

Exam:
Written 1h30 hours
Documentation:
Not allowed
Calculator:
Allowed with restrictions
Evaluation:

There will be an optional mid-term exam (M) and a final exam (F). Your final grade will be max(0.4×M + 0.6×F, F). The mid-term exam will be based on topics covered in class until the date of mid-term exam while the final exam will be based on the entire class. Exams are closed books and closed notes. A sheet with the formulas that may be necessary for the exams will be provided and published on the course website before the exams. You will need a calculator. Scientific calculators only are authorized.

[scientific calculator according to HEC directive]

Retake

Exam:
Written 1h30 hours
Documentation:
Not allowed
Calculator:
Allowed with restrictions
Evaluation:

The grade in the retake exam will be based on the retake exam only. All previous bonuses will not count. Exams are closed books and closed notes. A sheet with the formulas that may be necessary for the exams will be provided and published on the course website before the exams. You will need a calculator. Scientific calculators only are authorized.

[scientific calculator according to HEC directive]



[» go back]           [» courses list]
 
Search


Internef - CH-1015 Lausanne - Suisse  -   Tél. +41 21 692 33 00  -   Fax +41 21 692 33 05
Swiss University