Veidlapa Nr. M-3 (8)
Study Course Description
Securities Market. Experience of Europe
Course Code
SZF_103
Branch of Science
Economics and Business
ECTS
3.00
Target Audience
Business Management
LQF
Level 6
Study Type And Form
Full-Time
Study Course Implementer
Course Supervisor
Anželika Berķe-Berga
Structure Unit Manager
Ieva Puzo
Structural Unit
Faculty of Social Sciences
Contacts
Dzirciema street 16, Rīga, szf@rsu.lv
About Study Course
Objective
The main goal of this course is to provide students with an understanding of securities markets and their economic significance. Topics covered include financial concepts and sources of financing, European securities markets, basic principles, structure, types of securities and markets, basic investment appraisal methods, and securities portfolio formation."
Preliminary Knowledge
Macroecomonics, Microeconomics, Finance, Business Management.
Learning Outcomes
Knowledge
1.Acquires knowledge about business financing opportunities, financial markets, their infrastructure, types of securities, methods of determining their value and analysis. Gains an understanding of financial and analytical indicators in the securities market, as well as gets acquainted with the principles of building portfolios.
Skills
1.Being competent in securities markets and ability to analyse their structure and companies; to understand financial and analytical indicators; gain basic skills in securities trading and financial instrument portfolio building.
Competences
1.Ability to assess financial and analytical indicators. Ability to make calculations related to securities and to develop investment concepts, to attract financing to a company and to plan a company’s investments into the securities market.
Assessment
Individual work
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Title
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% from total grade
|
Grade
|
|---|---|---|
|
1.
Individual work |
-
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-
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|
Individual work – report (portfolio), summaries (homeworks), presentation.
In order to evaluate the quality of the study course as a whole, the student must fill out the study course evaluation questionnaire on the Student Portal.
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Examination
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Title
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% from total grade
|
Grade
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|---|---|---|
|
1.
Examination |
-
|
-
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|
Simple weighted mean of grades (attendance, homeworks, individual work and exam).
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Study Course Theme Plan
FULL-TIME
Part 1
-
Lecture
|
Modality
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Location
|
Contact hours
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|---|---|---|
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On site
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Other
|
2
|
Topics
|
Largest stock exchanges in Europe & world. Introduction to portfolio construction (portfolio types, asset allocation, diversification). MSCI Indices.
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-
Class/Seminar
|
Modality
|
Location
|
Contact hours
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|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Creation of final portfolios and filling of the journal (Buy/sell/hold). Final portfolio presentations.
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-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Portfolio constraints and trade journal filling.
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-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Fundamental Analysis in practice (Sales/profit track, valuation - PE, share price trend, business model and main risks, results analysis & outlook, competitive advantage e.g. market share, products, Market, ESG).
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-
Lecture
|
Modality
|
Location
|
Contact hours
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|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
The good and bad example of investing according to the principles of fundamental analysis. Selection and analysis of the company according to the given example.
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-
Lecture
|
Modality
|
Location
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Contact hours
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|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Guest lecture: SEB Group Finance & Financial data analyst's role.
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-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Analysis of companies according to the basic principles of the previous lecture, questions and answers.
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-
Lecture
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Modality
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Location
|
Contact hours
|
|---|---|---|
|
On site
|
Other
|
2
|
Topics
|
Asset clases, Source of financing, Composition of Financial Markets, Securities market and its role in financing and investment.
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-
Lecture
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Modality
|
Location
|
Contact hours
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|---|---|---|
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On site
|
Other
|
2
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Topics
|
Modern Portfolio Theory, the risk-reward relationship, the role of diversification, standard deviation, efficient frontier. Market review and performance overview in the 1H 2023 & main trends.
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-
Class/Seminar
|
Modality
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Location
|
Contact hours
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|---|---|---|
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On site
|
Auditorium
|
2
|
Topics
|
Practical tasks. 1) How to understand analyst reportings, price targets, ratings, risks & opportunities. 2) Analysis of MSCI Sustainability report.
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-
Lecture
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Modality
|
Location
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Contact hours
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|---|---|---|
|
On site
|
Other
|
2
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Topics
|
Securities exchange participants (issuers of securities, investors). Securities market infrastructure (securities market brokers, stock exchanges, payment and storage systems, supervising authorities of securities market). Mutual funds. Pension funds.
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-
Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
|
2
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Topics
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Group presentations about the selected company, analysis and recommendation - to buy or not to buy shares of the relevant company.
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-
Lecture
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
|
Auditorium
|
2
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Topics
|
Defensive vs. Cyclical stocks, phases of an economyc cycle, Bear and Bull markets, short introduction in technical analysis.
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-
Lecture
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Modality
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Location
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Contact hours
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|---|---|---|
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On site
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Other
|
2
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Topics
|
Index weighting schemes. Fundamental Analysis, investment styles (value, growth, quality).
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Total ECTS (Creditpoints):
3.00
Contact hours:
28 Academic Hours
Final Examination:
Exam
Bibliography
Required Reading
1.
Dempsey M. Investment Analysis: An Introduction to Portfolio Theory and Management. Routledge, 2020
2.
Linton D. E. Foundations of Investment Management: Mastering Financial Markets, Asset Classes, and Investment Strategies. J. Ross Publishing, 2020
3.
Bodie Z., Kane A., Marcus A. J. Essentials of Investments. 11th Ed. McGraw-Hill Education, 2019
4.
Mishkin F. S., Stanley G. E. Financial Markets and Institutions. 9th ed. Pearson Ed., 2018
Other Information Sources
1.
Investopedia (investing, stock market and all other related explanations and calculations)
2.
Nasdaq: European markets
3.
Yahoo Finance (aktuālie kompāniju ratio u.c. svarīgā informācija)