Subject

Financial Management 3

  • code 10300
  • course 4
  • term Semester 1 Semester 2
  • type OB
  • credits 6

Main language of instruction: Catalan

Other languages of instruction: English, Spanish,

Teaching staff

Head instructor

Dr. Ricardo TORRECILLA - rtorrecilla@uic.es
Lc. Felipe MUNTADAS-PRIM - fmuntadasp@uic.es

Office hours

Timetable inquiries: agreed hours

Introduction

Financial Management III focuses on how to analyse investments and manage portfolios of any kind of assets (financial or real), introducing the student to the study and understanding of the different procedures and instruments.

Pre-course requirements

In order to meet the requirements of the course, it is essential that students have a sound understanding of subjects studied previously, such as accountancy and financial statement analysis, statistics and econometrics, financial mathematics and both micro- and macroeconomics.

Objectives

Students will acquire an in-depth understanding of the subject, enabling them to handle investment decision-making and portfolio management, understand the financial markets and the available asset classes (financial or real) and their characteristics.

Competences / Learning outcomes of the degree programme

  • 04 - To understand and know how to use financial terms within a business framework.
  • 05 - To understand the functions of corporate finance departments.
  • 06 - To know how to apply the main policies for capital structure and asset management.
  • 08 - To understand how leading world economies work, their institutions and interconnections.
  • 18 - To provide mathematical models for financial phenomena.
  • 19 - To analyse quantitative financial variables and take them into account when making decisions.
  • 23 - To be familiar with and know how to use microeconomic and macroeconomic analysis terminology.
  • 28 - To be able to work in another language and use terminology and structures related to the economic-business world.
  • 31 - To develop the ability to identify and interpret numerical data.
  • 36 - To interpret quantitative and qualitative data and apply mathematical and statistical tools to business processes.
  • 41 - To be able to descriptively summarise information.
  • 46 - To acquire the ability to understand and participate in conferences and lectures in an academic context.
  • 58 - To be able to develop self-assessment exercises.
  • 01 - To be familiar with, understand and apply the methods, techniques and instruments specific to accounting.
  • 10 - To identify long-term economic growth factors and understand the impact of globalisation.

Learning outcomes of the subject

The student will be able to handle investment decision-making and portfolio management of all asset classes and have a sound understanding of financial market dynamics and their main drivers.

Syllabus

PART 1: THE INVESTMENT BACKGROUND.

1. An Overview of the Investment Process.
2. The Asset Allocation Decision.
3. The Global Market Investment Decision.
4. Securities Markets: Organisation and Operation.
5. Security Market Indexes.

PART 2: DEVELOPMENTS IN INVESTMENT THEORY.
6. Efficient Capital Markets.
7. An Introduction to Portfolio Management.
8. An Introduction to Asset Pricing Models.
9. Multifactor Models of Risk and Return.

PART 3: VALUATION PRINCIPLES AND PRACTICES.
10. Analysis of Financial Statements.
11. Security Valuation Principles.

PART 4: ANALYSIS AND MANAGEMENT OF COMMON STOCKS.
12. Macroanalysis and Microvaluation of the Stock Market.
13. Industry Analysis.
14. Company Analysis and Stock Valuation.
15. Equity Portfolio Management Strategies.
16. Technical Analysis.

PART 5: ANALYSIS AND MANAGEMENT OF BONDS.
17. Bond Fundamentals.
18. Bond Analysis and Valuation.
19. Bond Portfolio Management Strategies.

PART 6: SPECIFICATION AND EVALUATION OF ASSET MANAGEMENT.
20. Professional Money Management, Alternative Assets and Industry Ethics.
21. Evaluation of Portfolio Performance.

Teaching and learning activities

In person

Classes, professor-notes, cases and activities to be resolved either indivually or in small groups, reading of articles, etc.

Evaluation systems and criteria

In person

Evaluation activities during the course (no established dates): 20%.

Mid-course Examination: 30%. Consists of two parts: theoretical and practical.

Final Examination: 50%. Consists of two parts: theoretical and practical part. The final examination must be passed to obtain an average with other activities.

Second-sitting examination: 5 out of 7 is required to pass this examination. Consists of two parts: theoretical and practical. It will not average with other evaluations.

Final Mark: The resulting mark will be weighted by the attendance percentage, with an allowance of one missed class, even for a resit. Inappropriate behaviour in class will count against the final mark.

Bibliography and resources

Title: Analysis of Investments & Management of Portfolios

 Authors: Keith C. Brown and Frank K. Reilly

Evaluation period

E: exam date | R: revision date | 1: first session | 2: second session:

  • E1 20/05/2019 08:00h b501
  • E2 28/06/2019 08:00h b502
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