Investments - BMEGT35M113

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.

1. The students are aware of
2. The main concepts of equity markets,
3. The context and most important theories of equity markets,
4. The main methods of equity analysis,
5. The main strategies of portfolio management,

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.
6. 5. Formulates independent new conclusions, original ideas, and solutions, is capable of applying sophisticated analytical and modelling methods, developing strategies aimed at solving complex problems, making decisions in a changing domestic and international environment, as well as within organisational culture. (EFMD-ILO connections: ML - Skills (KKK) - K1 - ILO 3: Marketing and management)
7. 6. Is able to provide high quality analysis, decision preparation and decision-making for companies. (EFMD-ILO connections: Finance - Skills (KKK) - K4 - ILO 1: Analytical thinking)
8. 7. Conducts independent research activity and is able to communicate the results in a scientific form. (EFMD-ILO connections: Finance - Skills (Specific competences of the educational programme) - SpecK4 - ILO 4: Communication)

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.
6. 5. Is committed to data-driven decision-making, relying on quantitative analysis rather than hunches. (EFMD-ILO connections: ML - Attitude (Specific competences of the educational programme) - SpecA2 - ILO 2: Process control)

1. The students
2. 1. are open to accept reliable critical remarks,
3. 2. are able to solve practical professional problems independently.
4. 3. Independently selects and applies relevant problem-solving methods in areas of strategic and managerial importance to the organisation, and independently performs economic analysis, decision-support and advisory tasks. (EFMD-ILO connections: ML - Autonomy and responsibility (KKK) - F1 - ILO 2: Process control)

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

• Kötelező:
• Az előadások prezentációinak anyaga, ami a félév során folyamatosan fog feltöltésre kerülni.
• Ajánlott:
• Bodie - Kane - Marcus: Investments (10th edition), McGraw-Hill, 2014.
• Morgan Housel: A pénz pszichológiája. A4c Books, 2025.
• Obligatory:
• Slideshows of the lectures which will be uploaded continously during the semester.
• Recommended:
• Bodie - Kane - Marcus: Investments (10th edition), McGraw-Hill, 2014.
• Brealey, R. - Myers, C.S. - Allen, F.: Principles of Corporate Finance, McGraw-Hill, 2008.
• William J. Bernstein: The Four Pillars of Investing: Lessons for Building a Winning Portfolio McGraw Hill, 2023

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

EFMD ILO connections: Supervised application of financial models, calculations and analysis 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.

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

-

1) The written test of the week 13th can be retaken ont he 14th week (retake test). 2) There is no retake for the retake test.

Consulted with the Faculty Student Representative Committee, approved by the Vice Dean for Education, valid from: 04.05.2026.

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.