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Financial Markets and Instruments

Code 12421
Year 1
Semester S1
ECTS Credits 6
Workload OT(15H)/TP(30H)
Scientific area Management
Entry requirements not aplicable
Mode of delivery The classes of this unit are theoretical and practical. In the lectures the teacher exposes the theoretical concepts using diverse teaching materials available on the Moodle platform (eg, slides, book chapters, case studies). In practical classes the students need to apply the theoretical concepts taught, so that students have: i) to solve practical exercises, and ii) analyze and discuss scientific papers related the subjects taught. Students are also encouraged to use different simulation programs.
Work placements n.a.
Learning outcomes In a context where the stock exchanges know a period of high volatility, due to the financial crisis affecting the global
markets, the price of raw materials goes off, the exchange rate and interest rate increasingly affect companies / States,
which are increasingly subject to the phenomenon of globalization and in the context of the sovereign debt crisis in
Europe, this course (UC) seeks to develop related skills related to:
i) The organization and functioning of capital markets;
ii) Methods for assessing and analyzing profitability and risk;
iii) Methods of valuation of investments (bonds and equities);
v) Build capacity for analysis and make decision in management assets in the field of portfolio management (e.g.,
management portfolios of stocks and/or bonds).
Syllabus - Introduction
- Financial Markets
- Delineating efficient portfolios – Techniques for calculating the Efficient Frontier
- Selecting the optimum portfolio
- Models of Standard Capital Asset Pricing Model – (CAPM)
- The Arbitrage Pricing Model (APT)
- Efficient Theory of Markets
- Interest rate and the pricing of bonds
- The valuation of shares (stocks)

Main Bibliography Bodie, Z., Marcus, Kane, Alex; Marcus (2009). Essentials of Investments. McGraw-Hill/Irwin. 9th Edition.

Caiado, Aníbal C. e Caiado, Jorge (2010). Gestão de Instituições Financeiras. Edições Sílabo, 2.ª Edição.

Elton, Edwin J; Gruber, Martin J. Brown, Stephen J. e Goetzmann, William N. (2009). Modern Portfolio Theory and

Investment Analysis. John &Wiley Sons, 8th Edition.

PINHO, C. e SOARES, I. (2008). Finanças Mercados e Instrumentos. Edições Sílabo, 2.ª Edição.
Teaching Methodologies and Assessment Criteria The lessons of this UC are theoretical and practical. The theoretical classes expose the theoretical concepts supported
by material available on the Moodle platform. In practical classes, students have to solve exercises and case studies.

The assessment comprises three stages:
1st individual test 70%.
This evaluation element evaluates if the student understood the syllabus taught.
2nd Individual Work -25%
This work is a literature review on the topic suggested by the teacher “Market efficiency”. This work aims to prepare students for the completion of the master's dissertation, in particular, their ability to do bibliographic research, autonomy, coherence in writing and work structure.
3rd-Attendance - 5%. This assessment item aims to stimulate student participation and critical thinking in class.

Language Portuguese. Tutorial support is available in English.
Last updated on: 2020-01-22

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