Objectives
The course’s main goal is to familiarize the students with the operating mechanisms of equity markets, stock exc-hanges, the main market institutions, indices, the basics of equity analysis and the main portfolio-management stra-tegies. During the semester the main emphasis will be on the fundamental analysis of equities. The course covers mainly the content of the modul VI. of the CFA (Chartered Financial Analyst) exam.
Academic results
Knowledge
- the main concepts of equity markets,
- the context and most important theories of equity markets,
- the main methods of equity analysis,
- the main strategies of portfolio management,
Skills
- plan and organize independent learning,
- comprehend and use the professional literature of the topic,
- grasp the professional language in writing and speech,
- recognize and solve practical professional problems.
Attitude
- are open to learn and adapt the methodology of equity investments,
- collaborate with their instructors and fellow students during the learning process,
- gain knowledge and information,
- are open to critical thinking.
Independence and responsibility
- are open to accept reliable critical remarks,
- are able to solve practical professional problems independently.
Teaching methodology
Lectures and written communication, use of ICT tools and techniques.
Materials supporting learning
- Az előadások prezentációinak anyaga, ami a félév során folyamatosan fog feltöltésre kerülni.
- Bodie - Kane - Marcus: Investments (10th edition), McGraw-Hill, 2014.
- Brealey, R. - Myers, C.S. - Allen, F.: Principles of Corporate Finance, McGraw-Hill, 2008.
- Slideshows of the lectures which will be uploaded continously during the semester.
General Rules
Assessment of the learning outcomes described under 2.2. is based on one written end-term test.
Performance assessment methods
Written Exam: 90 minutes, 100 points. The test consists of mostly calculations and some definitions.
Percentage of performance assessments, conducted during the study period, within the rating
Percentage of exam elements within the rating
- Exam (written): 100
Issuing grades
| % | |
|---|---|
| Excellent | 90-100 |
| Very good | 80-89 |
| Good | 70-79 |
| Satisfactory | 60-69 |
| Pass | 40-59 |
| Fail | 40 |
Retake and late completion
Re-taking the exam during the exam-period.
Coursework required for the completion of the subject
| Nature of work | Number of sessions per term |
|---|---|
| Participation | 28 |
| Preparing | 62 |
Approval and validity of subject requirements
Consulted with the Faculty Student Representative Committee, approved by the Vice Dean for Education, valid from: 01.09.2018.
Topics covered during the term
Subject includes the topics detailed in the course syllabus to ensure learning outcomes listed under 2.2. can be achieved.
| Lecture topics | |
|---|---|
| 1. | Introduction to the courseStructures and functions of financial institutions, macrofinances, financial marketsEquity Markets: Characteristics, Institutions and Benchmarks, Types and characteristics of Equity Securities.Equity Market Investments and Risks, Market Valuation and Return Analysis, CAPM etc.Behavioral Finance and Technical AnalysisFundamental Analysis (Macro, Industry) I.Fundamental Analysis (Company) II.Fundamental Analysis (Company) III.Equity Portfolio Management Strategies and Performance Analysis 1.Equity Portfolio Management Strategies and Performance Analysis 2.Bonds, FX markets, forwards, futures, swaps, options etc.Stock market crisesPractice of the Calculations, ConsultationPractice of the Calculations, ConsultationBuffer Week |
Additional lecturers
| Name | Position | Contact details |
|---|---|---|
| Póra András | gyetemi tanársegéd - assistant lecturer | pora.andras@gtk.bme.hu |