Financial Markets and Investments

Objectivos

At the end of the semester students should be able to:

     Understand the organization and operation of the financial system and its economic relevance

     Know the mechanisms for admission to the market, trading systems used and the main market participants

     Distinguish the main segments in which financial markets are decomposed and the major financial instrume

Caracterização geral

Código

33160

Créditos

6

Professor responsável

Jorge Bravo (IMS)

Horas

Semanais - 3

Totais - A disponibilizar brevemente

Idioma de ensino

Portugues

Pré-requisitos

A disponibilizar brevemente

Bibliografia

MAIN

Bodie, Z., Kane, A. and Marcus, A. (2017). Investments, 11th Edition. McGraw-Hill.

Hull, J. (2016). Fundamentals of Futures and Options Markets (9th Edition). Prentice Hall

 

AUXILIARY

BVLP (2001), Investir em Bolsa: Funcionamento e Instrumentos do Mercados à Vista, IMC

Cuthbertson, K. e Nitzsche, D. (2007), Investments, Spot and Derivative Markets, Wiley.

Damodaran Aswath (2012), Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, 3rd Edition.

Elton, E. e Gruber, M. (2014), Modern Portfolio Theory and Investment Analysis, 9th Edition, John Wiley & Sons, New York.

Mota, P. R., Alves, C., Fernandes, A. e Rocha, M. (2015). Mercados, Produtos e Valorimetria de Ativos Financeiros, 2ª Edição, Almedina.

Método de ensino

Expositional and Questioning Method, Case Study analysis; problem solving activities; active learning;

Método de avaliação

–     Individual final exam (50%; minimum score 8/20).

–     Individual/group projects (50%).

Conteúdo

1.      Markets, financial instruments and institutions: Financial System; Segmentation of financial markets; Trading of Financial Instruments: Public Offerings, Trading Systems, Participants

2.      Portfolio Choice: Risk and return of an asset / portfolio; diversification; Markowitz Efficient Frontier; Decision-making under uncertainty; Selecting optimal portfolios

3.      Equilibrium models in financial markets: Market Index Model; CAPM; APT theory; Efficiency of financial markets

4.      Analysis and evaluation of financial investments

4.1.Bonds and other debt securities: modalities and characteristics; yield curve; pricing; measures of return / risk, rating; interest rate risk hedging and immunization strategies

4.2.Stocks: Typology, Fundamental and Technical Analysis; Discounted cash flow models; Market Multiples; Capital Increases and Evaluation of Rights

4.3.Investment Funds

4.4.Warrants

4.5.Financial derivatives

Cursos

Cursos onde a unidade curricular é leccionada: