Capital Market 2400-ZU1RK
Individual meetings of the lecture are focused on the following matters:
1. The role and structure of the capital markets.
2. Capital market. Structure of the market. Stock markets worldwide. Primary market. Stock exchange. Asssets traded. Risk on capital market. Investing on the stock market.
3. Analysis and valuation of bonds - types of bonds, the factors affecting the price of bonds, the gross price, the net price and interest accrued on the bonds, numerical characteristics of bonds, interest rate risk, bond-investment strategies (immunization, strategy of the adjustment of cash flows).
4. Framework of fundamental analysis. Structure and analysis of financial statements - types, importance and auditing of financial statements, elements of financial statements, vertical and horizontal analysis of the balance sheet, income statement and cash flow statement.
5. Technical Analysis. Trendlines. Price patterns. Indicators.
6. Portfolio analysis and asset pricing. Structuring the portfolio.
Type of course
Course coordinators
Learning outcomes
Basic and medium level knowledge about capital markets, securities, conditions and rules for undertaking financial decisions.
KW01, KW02, KW03, KW04, KU01, KU02, KU03, KU04, KU05, KU06, KU07, KK01, KK02, KK03
Assessment criteria
written exam, 3 of 4 exercises.
Bibliography
Mandatory literature:
W. Dębski, “Rynek finansowy i jego mechanizmy”, PWN 2014
Additional literature:
Blake, Financial Market Analysis, John Wiley and Sons, 2000
J. Czekaj, ,,Rynki, instrumenty i instytucje finansowe’’, PWN 2008
K.Jajuga, T. Jajuga, Inwestycje. Instrumenty finansowe. Aktywa niefinansowe. Ryzyko finansowe. Inżynieria finansowa. PWN 2015
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: