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1. From 2017/18/01
I. SUBJECT DESCRIPTION
II. SUBJECT REQUIREMENTS
III. COURSE CURRICULUM
SUBJECT DATA
OBJECTIVES AND LEARNING OUTCOMES
TESTING AND ASSESSMENT OF LEARNING PERFORMANCE
THEMATIC UNITS AND FURTHER DETAILS
Subject name
Investments
ID (subject code)
BMEGT35M113
Type of subject
contact lessons
Course types and lessons
Type
Lessons
Lecture
2
Practice
0
Laboratory
0
Type of assessment
Mid-term grade
Number of credits
3
Subject Coordinator
Name
Póra András
Position
assistant lecturer
Contact details
pora.andras@gtk.bme.hu
Educational organisational unit for the subject
Department of Finance
Subject website
nincs
Language of the subject
Magyar és Angol – HU and ENG
Curricular role of the subject, recommended number of terms
Direct prerequisites
Strong
None
Weak
None
Parallel
None
Exclusion
None
Validity of the Subject Description

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
  1. The students are aware of
  2. 1. the main concepts of equity markets,
  3. 2. the context and most important theories of equity markets,
  4. 3. the main methods of equity analysis,
  5. 4. the main strategies of portfolio management,
Skills
  1. The students are able to
  2. 1. plan and organize independent learning,
  3. 2. comprehend and use the professional literature of the topic,
  4. 3. grasp the professional language in writing and speech,
  5. 4. recognize and solve practical professional problems.
Attitude
  1. The students
  2. 1. are open to learn and adapt the methodology of equity investments,
  3. 2. collaborate with their instructors and fellow students during the learning process,
  4. 3. gain knowledge and information,
  5. 4. are open to critical thinking.
Independence and responsibility
  1. The students
  2. 1. are open to accept reliable critical remarks,
  3. 2. are able to solve practical professional problems independently.

Teaching methodology

Lectures and written communication, use of ICT tools and techniques.

Materials supporting learning

  • Kötelező:
  • 1. Az előadások prezentációinak anyaga, ami a félév során folyamatosan fog feltöltésre kerülni.
  • Ajánlott:
  • 2. Bodie - Kane - Marcus: Investments (10th edition), McGraw-Hill, 2014.
  • 3. Brealey, R. - Myers, C.S. - Allen, F.: Principles of Corporate Finance, McGraw-Hill, 2008.
  • Obligatory:
  • 1. Slideshows of the lectures which will be uploaded continously during the semester.
  • Recommended:
  • 2. Bodie - Kane - Marcus: Investments (10th edition), McGraw-Hill, 2014.
  • 3. Brealey, R. - Myers, C.S. - Allen, F.: Principles of Corporate Finance, McGraw-Hill, 2008.

General Rules

Assessment of the learning outcomes described under 2.2. is based on one written end-term test.

Performance assessment methods

A. Detailed description of assesments during the term: 1. Written end-term test: on the 13th week, 30 minutes, 100 points. The test consists of mostly calculations and some definitions.

Percentage of performance assessments, conducted during the study period, within the rating

  • Written end-term test on the 13th week: 100

Percentage of exam elements within the rating

Conditions for obtaining a signature, validity of the signature

-

Issuing grades

%
Excellent 90-100
Very good 80-89
Good 70-79
Satisfactory 60-69
Pass 40-59
Fail 0-39

Retake and late completion

1) The written test of the week 13th can be retaken ont he 14th week.

Coursework required for the completion of the subject

Nature of work Number of sessions per term
Participation in contact lessons 28
Preparing for the exam 62
Sum 90

Approval and validity of subject requirements

Consulted with the Faculty Student Representative Committee, approved by the Vice Dean for Education, valid from: 04.03.2024.

Topics covered during the term

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.

Lecture topics
1. Introduction to the course
2. Structures and functions of financial institutions, macrofinances, financial markets
3. Equity Markets: Characteristics, Institutions and Benchmarks, Types and characteristics of Equity Securities.
4. Equity Market Investments and Risks, Market Valuation and Return Analysis, CAPM etc.
5. Behavioral Finance and Technical Analysis
6. Fundamental Analysis (Macro, Industry) I.
7. Fundamental Analysis (Company) II.
8. Fundamental Analysis (Company) III.
9. Equity Portfolio Management Strategies and Performance Analysis
10. Bonds, FX markets, forwards, futures, swaps, options etc.
11. Stock market crises
12. Practice of the Calculations, Consultation
13. End-term test
14. End-term test: RETAKE (Supplementary Test)
15. Buffer Week

Additional lecturers

Name Position Contact details

Approval and validity of subject requirements