ESF:MPF_AFII Financial investments - Course Information

MPF_AFII Financial investments

Extent and Intensity

2/2/0. 6 credit(s). Type of Completion: zk (examination).
In-person direct teaching

Teacher(s)

Axel Alejandro Araneda Barahona, Ph.D. (lecturer)
Axel Alejandro Araneda Barahona, Ph.D. (seminar tutor)

Guaranteed by

Axel Alejandro Araneda Barahona, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Mgr. Jana Nesvadbová
Supplier department: Department of Finance – Faculty of Economics and Administration

Timetable

Mon 16:00–17:50 S309, except Mon 16. 9., except Mon 4. 11.

• Timetable of Seminar Groups:

MPF_AFII/01: Mon 18:00–19:50 VT105, except Mon 16. 9., except Mon 4. 11., A. Araneda Barahona

Prerequisites (in Czech)

(! BPF_FIIN The Financial Investment ) && (! MPF_FIIN Financial Investment )

Course Enrolment Limitations

The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 17/24, only registered: 0/24

fields of study / plans the course is directly associated with

• Finance (Eng.) (programme ESF, N-FU)
• Finance (programme ESF, N-FINA)

Course objectives

The aim of the course is to deeper knowledge about the financial market, its components and products. The financial instruments are analyzed with impact on their role in financing process and with respect of problem of valuation and risk.

Learning outcomes

At the end of the course students should be able to:
- describe the advantages and drawbacks of financial products;
- define the current trends in investment;
- compare active and passive investment;
- characterize individual passive investment products;
- describe individual investment strategies;
- characterize investing in stocks, bonds, currencies, financial derivatives, real assets, collective investment and alternative investment;
- define the basics of the modern portfolio theory;
- summarize basic principles of diversification.

Syllabus

• Lectures:
• 1. Market Organization and Structure
• 2. Security Market Indices
• 3. Market Efficiency
• 4. Technical Analysis
• 5. Fixed - Income Securities – Defining Elements, Issuance, Trading and Funding
• 6. Fixed - Income Valuation
• 7. Fixed – Income return and risk
• 8. Portfolio Management—Part I
• 9. Portfolio Management—Part II
• 10. Introduction to Asset-Backed Securities
• 11. The Arbitrage-Free Valuation Framework
• 12. The Theory of Active Portfolio Management
• Seminars:
• 1.Introduction of the course, Market Organization and Structure
• 2. Security Market Indices
• 3. Market Efficiency
• 4. Technical Analysis
• 5. Test no 1
• 6. Fixed - Income Securities – Defining Elements, Issuance, Trading and Funding
• 7. Fixed - Income Valuation
• 8. Fixed – Income return and risk
• 9. Fixed-Income Portfolio Management—Part I
• 10. Fixed-Income Portfolio Management—Part II
• 11. Test no 2
• 12. Introduction to Asset-Backed Securities

Literature

required literature
• MISHKIN, Frederic S. The economics of money, banking and financial markets. Twelfth edition, Global edit. Harlow: Pearson, 2019, 738 stran. ISBN 9781292268859. info
• ADAMS, James and Donald J. SMITH. Fixed income analysis. Fifth edition. Hoboken, New Jersey: Wiley, 2022, xx, 882. ISBN 9781119850540. info
• BODIE, Zvi, Alex KANE and Alan MARCU. Investments. 12 th. New York: McGraw-Hill Education, 2021. ISBN 1-260-01383-9. info

recommended literature
• REILLY, Frank K. and Keith C. BROWN. Analysis of investments & management of portfolios. 10th ed. Australia: South-Western Cengage Learning, 2012, xxvi, 1066. ISBN 9780538482486. info
• MICHAEL, McMillan and Gerhard PINTO. Investments: Principles of Portfolio and Equity Analysis. CFA Institute Investment Series Set, 2011. ISBN 978-0-470-91580-6. info

Teaching methods

lectures, seminars - practice of lecture issues

Assessment methods

The course is completed by a written exam (maximum 30 points).
It is necessary to fulfil followings requirements:
Requirements for students:
Writting two in term tests according the schedule (20 points per each test). Points are added to the final evaluation. Total number of points from both tests: 40 points.
In the seminars are solved exercises that correspond with topics presented by lecturer (with one week delay). The exercises are solved in pairs and are delivered at the end of the lecture to the instructor (2 points per seminar).The points from seminars are added to the final evaluation.
Presentation of an paper (case study) in the regular terms, maximum points from presentation 10 points.
Final exam test in the form of multiple choice: 50 poimts in the total. Final evaluation:
A 92 – 100 %, B 84 – 91 %, C 76 – 83 %, D 68 – 75 %, E 60 – 67 %, F less than 60 %
In the case of a student departure (for example, the Erasmus program), the student is obliged to contact the guarantor and agree on the fulfilment of the conditions of the course.
If a student commits a prohibited act, such as using various forbidden tools (e.g. cheatsheets), cribbing, taking out any part of the test or any other form of cheating, the teacher is allowed to interrupt the test and to grade the student with F according to the seriousness of the offence. The described procedure applies to all the activities that are included in the final evaluation of the course (semester paper).

Language of instruction

English

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: This course is due to COVID 19 measurements instructed only ONLINE in the autumn semester 2020. You can contact the teacher of the course about the organizational matters.
Information on course enrolment limitations: Nezapisují si studenti, kteří absolvovali předmět PFFINV nebo PFFINVA nebo BPF_FIIN nebo MPF_FIIA nebo MPF_FIIN.

Listed among pre-requisites of other courses

• MPF_FIIN Financial Investment
  (!BPF_FIIN)&& (!MPF_AFII)&& !NOWANY(MPF_ACP1)  

• Enrolment Statistics (recent)
  
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