Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa
Public University of Navarre
| Course code: 174405 | Subject title: FINANCIAL MARKETS AND INSTRUMENTS | ||||
| Credits: 6 | Type of subject: Mandatory | Year: 2 | Period: 2º S | ||
| Department: Gestión de Empresas | |||||
| Lecturers: | |||||
| MUGA CAPEROS, LUIS FERNANDO (Resp) [Mentoring ] | MANSILLA FERNANDEZ, JOSE MANUEL [Mentoring ] | ||||
Contents
Financial Markets and Instruments: The Financial System. The Financial markets: Corporate and public bond markets, stock markets, derivative markets, and international markets. The Financial Instruments: main bond and equity products. Economic-Financial information about the main domestic and international financial markets.
Learning outcomes
RA01: Identify relevant economic information sources for the company and their content.
RA02: Understand economic institutions as the result and application of theoretical or formal representations of how the economy works.
RA03: Derive relevant information for the company from data that cannot be recognized by non-professionals.
RA05: Understand the structure, agents, and products of financial markets.
RA20: Plan, organize, and control global management projects or those of the different functional areas of the company.
RA21: Apply policies and practices aimed at improving the effectiveness and efficiency of business management.
RA24: Apply the mathematics of financial operations.
RA25: Use personal, social, and methodological knowledge, skills, and abilities to issue advisory reports on specific situations of companies and markets.
Methodology
| Methodology - Activity | In-Class Hours | Out-of-Class Hours |
| A-1 Project-Based Learning (PBL). | 28 | 42 |
| A-2 Expositive/Participative Lectures. | 20 | |
| A-3 Solving exercises and problems. | 08 | 12 |
| A-4 Student's autonomous study and work. | 34 | |
| A-5 Receiving hours. | 02 | |
| A-6 Exams. | 04 | |
| TOTAL | 60 | 90 |
Evaluation
| Learning outcomes | Assessment system | Weight (%) | Recoverable character | Minimum mark required |
| PBL (Submitting exercises and tasks, self-evaluation among the members of the team, mid-term and final reports) | 40% | NO | NO | |
| PBL (Basic knowledge exam) | 10% | YES, in the retake exam | NO | |
| Final Exam | 50% | YES, in the retake exam | 5 out of 10 |
In case of obtaining a grade lower than 5 out of 10 points in the final exam, the mark of the continuous assessment will be considered, without the final grade of the subject, adding the continuous mark and the grade of the final exam, could exceed 4.9 out of 10 (Fail).
To pass the course, a mark equal to or higher than 5 out of 10 points in the final exam is required. In the event of obtaining a grade lower than 5 out of 10 in the final exam, the mark of the continuous assessment will be considered. In this case, the final grade of the course, adding the continuous assessment mark and the final exam grade, cannot exceed 4.9 out of 10 (Fail).
Students will be considered to have sat for the evaluation if they sit for either the PBL or the Final Exam.
Agenda
UNIT 1: INTRODUCTION TO THE FINANCIAL SYSTEM.
1.1 The Financial System.
1.2 Financial Assets and Their Characteristics.
1.3 Financial intermediaries: Brokers and Dealers.
1.4 Financial Markets: Definition and Typology.
UNIT 2: THE INTERBANK MARKETS.
2.1 Transactions between the ECB and Financial Institutions.
2.2 Transactions among financial institutions.
UNIT 3: THE BOND MARKET.
3.1 Corporate Bond Markets.
3.2 Treasury Bond markets.
3.3 Term Structure of Interest Rates, duration
UNIT 4: THE EQUITY MARKET
4.1 The Equity Market in Spain: The Stock Market
4.2 Equity Issuance and Public Offerings.
4.3 Stock Market Indexes.
4.4 Other Securities Traded in Stock Markets.
UNIT 5: THE FOREIGN EXCHANGE MARKET.
5.1 Foreign Currency: Definition and negotiation.
5.2 The Spot and the Forward Markets.
UNIT 6: INVESTMENT FUNDS
6.1 General concepts.
6.2 Typology of funds
6.3 Return and risk
UNIT 7: THE DERIVATIVE MARKETS.
7.1 Forwards and Future Markets.
7.2 Options.
Bibliography
Access the bibliography that your professor has requested from the Library.
Basic bibliography in English:
- Bodie, Z., Kane, A, and Marcus, A. Essentials of Investment, McGraw Hill, 11th Edition. 2019.
- Moffet, M., Stonehill, A., and Eiteman, D. Fundamentals of Multinational Finance Global Edition, Pearson, 5th Edition. 2016.
Complementary bibliography in English:
- Mishkin, F.S. The Economics of Money, Banking, and Financial Markets. Pearson. 2016.
Basic bibliography in Spanish:
- García-Olalla, M. and Martínez-García J. (Dir.) Fernández-González, Esteban (Coordinador) "Manual del asesor financiero", Editorial Paraninfo. 2018.
- Manzano, D. and Valero, F.J. (Dir.) "Guía del Sistema Financiero Español" Editorial AFI (Analistas Financieros Internacionales), 2019.
- Martín-Marín, J.L., and Trujillo-Ponce, A. "Mercados de Activos Financieros", Editorial Delta. 2011.
Complementary bibliography in Spanish:
- Borrego A. and García P. "Productos Financieros: Sus mercados, valoración y estrategias de inversión" Editorial Financial Times- Prentice Hall. 2001.
- Cuervo, A. et al. "Manual del Sistema Financiero Español" Editorial Ariel, 2014.
- De Pablo López, A. "Valoración Financiera" Editorial Centro de Estudios Ramón Areces, 2002.
- Martín-Marín, J.L., Trujillo-Ponce, A. "Manual de Mercados Financieros", International Thomson Editores, 2015.
- Remírez J.A. "Cómo entender los datos de la prensa financiera" Editorial ESIC, 2010.
- Sánchez Fernández de Valderrama, J.L. "Curso de Bolsa y mercados financieros". Editorial Ariel 2007.