Study programme competencies |
Code
|
Study programme competences / results
|
A13 |
Coñecer e aplicar, mediante ferramentas informáticas, os conceptos e teorías que constitúen a base das finanzas modernas |
A15 |
Comprender os modelos de valoración de activos financeiros; crear e xestionar carteiras de valores |
B3 |
Uso adecuado dos medios e sistemas de información dispoñibles. |
B4 |
Habilidades informáticas. |
B5 |
Habilidades de presentación oral e escrita. |
B7 |
Habilidade para traballar de forma autónoma e tomar decisións. |
B8 |
Capacidade de organizar e planificar, saber administrar o tempo. |
B12 |
Preocupación pola calidade, por facer as cousas ben. |
B14 |
Análise e toma de decisións en materia de riscos financeiros e de investimento |
B15 |
Explotación da información dispoñible para a planificación e a toma de decisións |
B16 |
Utilización de técnicas estatísticas e econométricas para a resolución de problemas específicos no ámbito das finanzas e a banca |
B17 |
Comprensión do concepto de valor temporal do diñeiro e aprendizaxe dos instrumentos de matemáticas financeiras que o utilizan para resolver distintos problemas no ámbito das finanzas |
B18 |
Adquisición da capacidade necesaria para analizar a situación financeira da empresa nun momento determinado, establecemento das correccións adecuadas e planificación do seu futuro |
B20 |
Estudo da solvencia das empresas e das entidades financeiras |
B23 |
Coñecemento dos principais aspectos que abarca a actividade bancaria |
B24 |
Posuír e comprender coñecementos que acheguen unha base ou oportunidade de ser orixinais no desenvolvemento e/ou aplicación de ideas, a menudo nun contexto de investigación |
B25 |
Que os estudantes saiban aplicar os coñecementos adquiridos e a súa capacidade de resolución de problemas en contornas novas ou pouco coñecidas dentro de contextos máis amplos (ou multidisciplinares) relacionados coa súa área de estudo |
B26 |
Que os estudantes sexan capaces de integrar coñecementos e enfrontarse á complexidade de formular xuízos a partir dunha información que, sendo incompleta ou limitada, inclúa reflexións sobre as responsabilidades sociais e éticas vinculadas á aplicación dos seus coñecementos e xuízos. |
B27 |
Que os estudantes saiban comunicar as súas conclusións e os coñecementos e razóns últimas que as sustentan a públicos especializados e non especializados dun modo claro e sen ambigüidades |
B28 |
Que os estudantes posúan as habilidades de aprendizaxe que lles permitan continuar estudando dun xeito que haberá de ser en grande medida autodirixido ou autónomo. |
C3 |
Using ICT in working contexts and lifelong learning |
Learning aims |
Learning outcomes |
Study programme competences / results |
Knowledge of the concepts and theories that form the basis of modern finance and understanding of their practical implications |
AJ13 AJ15
|
BJ5 BJ7 BJ8 BJ12 BJ14 BJ15 BJ16 BJ17 BJ18 BJ20 BJ23 BJ24 BJ25 BJ26 BJ27 BJ28
|
|
Practical application of financial models using a spreadsheet |
AJ13
|
BJ3 BJ4
|
CC3
|
Knowledge oriented to passing the EFA and LCCI exams |
|
BJ3 BJ14 BJ16 BJ17
|
|
Contents |
Topic |
Sub-topic |
FIXED INCOME |
A renda fixa como activo financiero a estudar |
1. General characteristics of fixed income assets |
1.1. The issuance of bonds and obligations. Typology.
1.2. Risks of investing in bonds |
2. Valuation of fixed income assets |
2.1. The market interest rate and its effect on the price of bonds
2.2. Duration as a measure of market risk
2.3. The modified duration as a measure of market risk
2.4. The Basic Point Value
2.5. The modified duration error. Convexity |
3. Market debt vs bank debt |
3.1. Bank debt. The mortgage loan
3.2. Mortgage loan conditions. Cost effects
3.3. Mortgage loan nowadays |
VARIABLE INCOME |
A renda variable como activo financiero a estudar |
1. Return and risk |
1.1. Return of securities and portfolios
1.2. Volatility of securities and portfolios
1.3. The concept of diversification
1.4. The assumption of normality of asset returns |
2. Portfolio selection |
2.1. Fundamental aspects of Portfolio Theory
2.2. Optimal portfolio selection: the Markowitz model
2.3. Sharpe's market model |
3. Capital asset pricing |
3.1. The capital asset equilibrium model (CAPM)
3.2. CAPM applications:
3.2.1. Cost of equity
3.2.2. Capital asset pricing
3.2.3. Risk-adjusted return |
Planning |
Methodologies / tests |
Competencies / Results |
Teaching hours (in-person & virtual) |
Student’s personal work hours |
Total hours |
Guest lecture / keynote speech |
A15 B15 B16 B17 B18 B20 B23 B24 B25 B26 B27 B28 |
11 |
27.5 |
38.5 |
ICT practicals |
A13 B3 B4 C3 |
4 |
7 |
11 |
Seminar |
B7 B14 B15 B23 B25 |
2 |
1 |
3 |
Case study |
A13 A15 B3 B4 B5 B7 B8 B14 B16 |
2 |
2 |
4 |
Mixed objective/subjective test |
B5 B7 B12 B14 |
2 |
8 |
10 |
Mixed objective/subjective test |
B5 B7 B12 B14 |
2.5 |
5 |
7.5 |
|
Personalized attention |
|
1 |
0 |
1 |
|
(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students. |
Methodologies |
Methodologies |
Description |
Guest lecture / keynote speech |
Oral presentation supported by audiovisual media. It includes theoretical sessions and practical sessions with examples. |
ICT practicals |
Practical sessions in which financial models are applied using a spreadsheet. |
Seminar |
Lectures given by experts in this field. |
Case study |
Real cases analysis. |
Mixed objective/subjective test |
Exams that include practical and theoretical questions for a continuous evaluation. |
Mixed objective/subjective test |
Final exam that can include theoretical or/and practical questions. |
Personalized attention |
Methodologies
|
Case study |
Mixed objective/subjective test |
ICT practicals |
Mixed objective/subjective test |
|
Description |
Tutoring and supervision of students' work in the classroom and through email, Teams and tutoring in the teachers' offices. |
|
Assessment |
Methodologies
|
Competencies / Results |
Description
|
Qualification
|
Mixed objective/subjective test |
B5 B7 B12 B14 |
Exam of the subject that represents 70% of the final grade that can be obtained (maximum 7 points). It will be held in January (first chance) and July (second chance) on the dates set by the faculty. |
70 |
Mixed objective/subjective test |
B5 B7 B12 B14 |
Continuous evaluation exams that represent 30% of the final grade (maximum 3 points). |
30 |
|
Assessment comments |
EVALUATION REGULATIONS: 1. Attendance: To pass the subject, students enrolled full time must participate in at least 80% of the scheduled face-to-face activities. 2. Evaluation conditions: It is forbidden to access the exam room with any device that allows communication with the outside and / or information storage. 3. Identification: The student must prove his/her personality in accordance with current regulations.
TYPES OF RATING: 1. Qualification of not presented: Corresponds to the person who only participates in evaluation activities that have a weighting lower than 20% on the final qualification, regardless of the qualification achieved. 2. Students with recognition of part-time dedication and academic exemption from attendance: They will be evaluated with the same criteria as full-time students.
EVALUATION OPPORTUNITIES: 1. The evaluation criteria are the same for the first and the second opportunities. 2. The evaluation of the early opportunity will be done through an exam that will account for 100% of the final grade.
|
Sources of information |
Basic
|
Brun, Xavier; Moreno,Manuel (2008). Análisis y selección de inversiones en mercados financieros. Barcelona: Profit
Suárez, Andrés (2014). Decisiones óptimas de inversión y financiación en la empresa. 22ª ed.. Madrid: Pirámide (eBook)
Ferruz Agudo, Luis (2015). Dirección Financiera del riesgo de tipo de interés. Madrid: Pirámide (eBook)
Pra, Inmaculada; Martín, Rodrigo (coords.) (2020). El asesoramiento financiero en Europa tras la MiFID II (II). Madrid: Pirámide
Pindado, Julio (dir.) (2012). Finanzas empresariales. Madrid: Paraninfo
Mascareñas Pérez-Íñigo, Juan (2002). Gestión de activos de renta fija. 1ª ed.. Madrid: Pirámide
García Boza; Juan (2013). Inversiones financieras: selección de carteras. Teoría y práctica. Madrid: Pirámide
Álvarez, Begoña; Boedo, Lucía (2011). La financiación empresarial: exposición teórica y análisis de la operativa. Barcelona: Inforbook's
www.paraninfo.es/catalogo/9788497328951/finanzas-empresariales (2013). Material descargable del libro "Finanzas empresariales" de J. Pindado.
oikonomicon.udc.es (2020). Página web del profesor Carlos Piñeiro Sánchez. |
|
Complementary
|
(). .
Alexander, Gordon; Sharpe, William; Bailey, Jeffery (2003). Fundamentos de inversiones. Teoría y práctica. 3ª ed.. México: Pearson Educación
Gómez-Bezares, Fernando (2016). Gestión de carteras. 4ª edición ampliada. Bilbao: DDB
Boedo, Lucía (2009). Las fuentes de financiación y su coste. Aspectos fundamentales y operativa financiera. Netbiblo. Descargable en ruc.udc.es/dspace/handle/2183/11816
Ferrando, Máximo;Gómez, Ana Rosa; Lassala, Carlos; Piñol, José Agustín; Reig,Araceli (2005). Teoría de la Financiación I. Modelos CAPM, APT y aplicaciones. Madrid: Pirámide |
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Recommendations |
Subjects that it is recommended to have taken before |
|
Subjects that are recommended to be taken simultaneously |
|
Subjects that continue the syllabus |
Risk Management and Analysis/611448004 | Financial Derivative Instruments/611448005 |
|
Other comments |
1. The student has to keep in mind the importance of ethical principles related to sustainability values and in his/her personal and professional behavior. 2. The classroom group will work to identify and modify prejudices and sexist attitudes and it is our responsability to promote values of respect and equality. 3. It is our responsability to facilitate the full integration of students who for physical, sensory, psychological or sociocultural reasons have difficulties to achieve an adequate, equitable and profitable access to college life. |
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