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Course Description
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Course Name
Capital Markets and Institutions
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Host University
Universidade Católica Portuguesa
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Location
Lisbon, Portugal
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Area of Study
International Business, International Economics
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Language Level
Taught In English
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Course Level Recommendations
Upper
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
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ECTS Credits
5 -
Recommended U.S. Semester Credits2.5 - 3
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Recommended U.S. Quarter Units3
Hours & Credits
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Overview
Course overview and objectives
The aim of the course is to provide a general overview of the current situation across international capital markets. Therefore, the focus will be to characterize the different type of securities available across asset classes and to introduce the relevant concepts to value them.Course Content
Section I: Financial Institutions
• Introduction (Chapter 1)
• Depositary Institutions (Chapter 4)
• Insurance Companies, Pension Funds and Investment Companies (Chapters 5 & 6)
• Investment Banking (Chapter 7)
Section II: Asset Pricing and Derivative Markets
• Risk/Return and Asset Pricing Models (Chapters 12, 13 & 14)
• Introduction to Financial Futures Markets (Chapter 9)
• Introduction to Option Markets (Chapter 10)
Section III: The Equity Markets
• Common Stock Market (Chapters 18 & 19)
• Stock Options Market (Chapter 28)
• Stock Index Options and Futures Markets
Section IV: Interest Rate Determination (Chapter 15)
Section V: The Debt Markets
• Valuation of Debt Contracts and Their Price Volatility Characteristics (Chapters 16 & 17)
• Money Market Instruments (Chapter 20)
• Treasury and Agency Securities Markets (Chapter 21)
• Corporate Senior Securities Market (Chapter 23)
• Municipal Securities Market (Chapter 22)
• The Mortgage Market (Chapters 25 & 26)Grading
The final grade will be a weighted average of the following:
1. Mid Term Exam: 45%
2. End Term Exam: 45%
3. Class Participation: 10%
Marks lower than 6.5 in any of the exams imply a fail at the course.Bibliography
Capital Markets: Institutions, Instruments and Risk Management (Hardcover) by Frank J.
Fabozzi, Fifth Edition, MIT, 2015.
Course Disclaimer
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.