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Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the
following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.
1
2.0
0.0 h/sem
10.0 h/sem
0.0 h/sem
0.0 h/sem
0.0 h/sem
0.0 h/sem
0.0 h/sem
10.0 h/sem
46.0 h/sem
0.0 h/sem
56.0 h/sem
Since year
2015/2016
Pre-requisites
No.
Objectives
The course aims to present the structure of financial markets and analyse the key concepts underlying bond analysis and valuation. Special attention is devoted to the pricing of fixed rate bonds.
Program
1. Financial Markets 1.1. Money Markets 1.2. Foreign Exchange Markets 1.3. Capital Markets (Bonds, Equities and Derivatives 2. Bond Valuation 2.1. Basic concepts 2.2. Term structure of interest rates 2.3. Pricing of fixed rate bonds 2.4. Yield measures 2.5. Term structure estimation 2.6. Rating and credit risk
Evaluation Method
Regular grading system: - One individual exam (100%)
Students that fail or want to improve their grade in the regular grading system have one additional moment to pass: a re-sit exam, that is worth 100% of the final grade.
In any of the evaluation systems (regular or re-sit exam) it is considered that a student has course approval if he has a grade equal or above 9.5 points.
Teaching Method
The student should acquire analytical, information gathering, written and oral communication skills, through the following learning methodologies (LM): 1. Expositional, to the presentation of the theoretical reference frames. 2. Participative, with analysis and resolution of application exercises. 3. Active, with the realization of individual works. 4. Self-study, related with autonomous work by the student, as is contemplated in the Class Planning.
Observations
Basic Bibliographic
- Textos de Apoio teórico/práticos a facultar pela equipa docente durante o trimestre; - Artigos científicos a facultar pela equipa docente durante o trimestre.
Complementar Bibliographic
- Fabozzi, F., Bond Markets Analysis and Strategies, Prentice Hall, 3rd Edition, 1993. - Garbade, K. D., Fixed Income Analytics, The MIT Press, 1996. - Martellini, L., P. Priaulet e S. Priaulet, Fixed Income Securities ? Valuation, Risk Management & Portfolio Strategies, Wiley Finance, 2003.
