Course for international guest/part time students

Faculty

Faculty of Economics

Organization

GTK Department of Finance and Accounting

Code

GTI24AN817EN

Title

Investment and Financing

Usual semester

Autumn

Published semester

2024/25/2

ECTS

6

Language

en

Description

To understand the principles of investment theories, corporate and project financing decisions and opportunities. One of the goals of the course to discuss capital market equilibrium, the relationship of risk and return. Students get to know the basic concepts of capital market efficiency and derivatives. The course provides an overview of the theory of corporate and project financing and the elements of financial planning. The course introduces the main corporate and project financing instruments, markets and institutions, analyses and indicators, and reviews corporate loan products and the fundamentals of the lending process.

Learning outcomes

"Investments and Financing" explains the essential characteristics of financial markets from investment and financing points of view. The subject is divided into two parts. In the first part, students learn about investments, including different chapters of portfolio management theories. The primary goal of the first part is to show the complexity of the relationship between risk and expected return. The second part provides insight into financing theory, capital structure decisions, business planning, the introduction of financing alternatives, commercial banking lending activities, and project financing. Intended Learning Outcomes: On successful completion of this course, students should be able to: Analyze financial investments from a risk-return point of view; Evaluate and appraise financing opportunities. Links to Sustainable Development Goals: On successful completion of this course, students should be able to connect topics taught to the SDGs: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

Course content

Topics covered: Modern Portfolio Theory Capital Allocation to Risky Assets The Capital Asset Pricing Model Index Models The Efficient Market Hypothesis Capital Structure Theory Business Planning, Financial Planning Financing alternatives Banking services, lending activities Project financing

Assessment method

Grades offered during the semester: 60-69% satisfactory, 70-84% good, 85-100% excellent Examination grade: 50-54% pass, 55-69%, satisfactory, 70-84% good, 85-100% excellent The current assessment and evaluation requirements of the ELTE GTK apply, which can be found on the GTK TH website under the student's level of training.

Bibliography

Ross-Westerfield-Jordan: Fundamentals of Corporate Finance (13th Edition), Ch. 11, 12, 13, 15, 16, 24, 25, 27 György Walter: Corporate Financing - Opportunities, products, and institutions, Alinea 2020 (e-book)

Programmes of the course