1. SylabUZ
2. Wydział Ekonomii i Zarządzania
3. semestr zimowy 2023/2024
4. Ekonomia - drugiego stopnia z tyt. magistra
5. Financial and capital markets

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Financial and capital markets - opis przedmiotu

Cel przedmiotu

The aim of the course is to provide students with knowledge, competence and skills in the field of the functioning of financial and capital markets and to familiarize them with practical hedging and speculative instruments used on these markets.

Wymagania wstępne

Zapisz zmiany

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Zakres tematyczny

Lectures Introduction to the subject, familiarization with the program of lectures and the structure of classes, familiarization with the available literature related to the discussed issues, general outline of the subject matter. The financial system in a market economy. Relations between competition and regulation in the financial market - various concepts and practical solutions. The essence of capital, the change in the value of money over time. Stock Exchange. Types of stocks and bonds. Market Participants. Risk assessment of various capital market instruments. Investment funds. Investments, investors and speculators. Investment strategies. Banking system, basics of banking, banking activities. Currency market. International monetary system. Local currencies. Mechanisms of functioning of the euro area. The process of introducing the euro in Poland. Financial derivatives market - forward and futures contracts, options, swap contract. Capital flows in the form of foreign direct investments and portfolio investments - opportunities and threats for market participants. Financial crises - causes and effects and ways to prevent them.

Lab Introduction to the subject, familiarization with the laboratory program and the structure of classes, familiarization with the available literature related to the discussed issues, general outline of the subject. Financial market - functions, institutions, features, instruments: examples. Capital market - functions, institutions, features, instruments: examples. Money market - functions, institutions, features, instruments: examples. Problems of development and functioning of financial and capital markets in Asia. Examples. Problems of development and functioning of financial and capital markets in Africa. Examples. Problems of development and functioning of financial and capital markets in North America. Examples. Problems of development and functioning of financial and capital markets in South America. Examples. Problems of development and functioning of financial and capital markets in Europe. Examples. Problems of development and functioning of financial and capital markets in Australia. Examples. Capital flows in the form of foreign direct investments and portfolio investments - opportunities and threats for market participants: examples. Traditional and new instruments of the capital market - examples. Investment and pension funds: a case study. Insurance system - functions, institutions and features of the insurance market. Types of insurance. Security on the financial market. Supervision over the banking, insurance and stock exchange sectors - various financial supervision solutions. Crime in the financial market - a case study. Cryptocurrencies. NFT. Financial conglomerates - combining different segments of the financial market: examples. Financial crises - case study. Rating agencies - examples. International debt - analysis of statistical data. Major financial centers of the world. International financial institutions.

 

Metody kształcenia

Conventional and problem lecture, case method. Laboratory: work in groups, pre-prepared thematic presentations, discussion, "brainstorming", "exchange of ideas". In the laboratory, students will create an investment portfolio - in each laboratory there will be a virtual purchase of currencies and other instruments on the financial and capital market on the educational platform. The choice of securities will be justified by fundamental analysis, technical analysis, current and/or past/future situation of a given country, quotations of the security, recommendations, information coming from the market and from institutions operating on the financial and capital markets. capital in individual countries.

Efekty uczenia się i metody weryfikacji osiągania efektów uczenia się

Opis efektu	Symbole efektów	Metody weryfikacji	Forma zajęć

Warunki zaliczenia

The condition for passing the lectures is a positive credit in the form of a test. The condition for passing the laboratory is to prepare and present in groups a presentation on a selected topic related to financial and capital markets, using the basic theoretical issues presented in the lecture and practical examples. The number of points obtained is divided by group members according to their individual contribution to the presentation. In addition, the grade in the laboratory is influenced by the activity in individual classes and the presented investment portfolio.

Literatura podstawowa

Balcerowicz - Szkutnik M., Comparative analysis of the dependence of the capital markets and economic system of international relations, Publishing House of the University of Economics, Katowice 2015.

Barucci E., Financial markets theory : equilibrium, efficiency and information, Springer finance, London 2003.

Fabozii F. J., Capital Markets, Fifth Edition. Institutions, Instruments, and Risk Management, The MIT Press, 2015.

http://www.worldbank.org/

http://www.imf.org

https://www.unctad.org

 

Literatura uzupełniająca

Baldwin R.E., Forslid R., Haaland J.I.: Investment Creation and Diversion in Europe. „The World Economy” 1996, Vol. 19, No. 6.

Chorafas Dimitris N. (1994): Chaos Theory in the Financial Markets, Probus Publishing Company, Chicago.

De Grauwe P., Economics of Monetary Union, Oxford University Press, 2020.

Stiglitz J., The Stiglitz Report: Reforming the International Monetary and Financial Systems in the Wake of the Global Crisis, New Press, 2014.

www.ecb.int

http://epp.eurostat.ec.europa.eu

Uwagi

Zmodyfikowane przez dr Zbigniew Binek (ostatnia modyfikacja: 25-05-2023 13:19)