Due to the COVID-19 crisis, the information below is subject to change,
in particular that concerning the teaching mode (presential, distance or in a comodal or hybrid format).
5 credits
30.0 h
Q1
Teacher(s)
Dechaene Tom; Iania Leonardo;
Language
English
Prerequisites
None
Main themes
This course is an introductory course to banking and financial markets. The financial market part introduces the main concepts of the current financial system, its main instruments and the risk associated with them. The banking part covers banks architecture, balance sheets and bank’s valuation. Students will have the opportunity to apply the theoretical concepts in empirical assignments.
Aims
At the end of this learning unit, the student is able to : | |
1 |
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Content
-
The class mixes - lectures with additional individual readings/exercises and a groups assignment. The content of the course is the following:
- Part 1: Introduction to financial markets
- Bloomberg market concepts® test (all modules except exchange rates).
- Money and the Financial System:
- Money and the Payments System;
- Financial Instruments, Financial Markets, and Financial Institutions.
- Interest Rates, Financial Instruments, and Financial Markets:
- Bonds, Bond Prices, and the Determination of Interest Rates;
- The Risk and Term Structure of Interest Rates;
- Stocks, Stock Markets, and Market Efficiency;
- Derivatives: Futures, Options, and Swaps.
- Part 2: Introduction to banking:
- An historical perspective;
- Balance sheet;
- P&L;
- Modern architecture / P&L;
- Ratio;
- Bank valuation.
Teaching methods
Due to the COVID-19 crisis, the information in this section is particularly likely to change.
- Lectures
- Teamwork
- Bloomberg market concepts (all modules except exchange rates)
Evaluation methods
Due to the COVID-19 crisis, the information in this section is particularly likely to change.
Continuous evaluation- Date: No.
- Type of evaluation: No.
- Comments: No
- Oral: No
- Written: No
- Unavailability or comments: No
- Oral: No
- Written: Yes
- Unavailability or comments: No
Bibliography
- Part 1: chapters 1 to 9 of “Money, Banking, and Financial Markets” Fifth Edition, by Stephen G. Cecchetti and Kermit L. Schoenholtz, Published by McGraw Hill
- Part 2: Lecture notes of the Professor.
Faculty or entity
CLSM