This document outlines a course on security markets. The course is an undergraduate level course worth 3 credits. It includes lectures and practice sessions. The goal is for students to understand the organization and operation of stock markets, IPOs, market microstructure and strategies, and market efficiency. Students must take exams, read assigned materials, and attend classes. The course uses a textbook and recommended readings. Grading includes attendance, assignments, exams, and course topics cover an introduction to security markets, primary and secondary markets, buying on margin, short selling, and market efficiency.
This document outlines a course on security markets. The course is an undergraduate level course worth 3 credits. It includes lectures and practice sessions. The goal is for students to understand the organization and operation of stock markets, IPOs, market microstructure and strategies, and market efficiency. Students must take exams, read assigned materials, and attend classes. The course uses a textbook and recommended readings. Grading includes attendance, assignments, exams, and course topics cover an introduction to security markets, primary and secondary markets, buying on margin, short selling, and market efficiency.
This document outlines a course on security markets. The course is an undergraduate level course worth 3 credits. It includes lectures and practice sessions. The goal is for students to understand the organization and operation of stock markets, IPOs, market microstructure and strategies, and market efficiency. Students must take exams, read assigned materials, and attend classes. The course uses a textbook and recommended readings. Grading includes attendance, assignments, exams, and course topics cover an introduction to security markets, primary and secondary markets, buying on margin, short selling, and market efficiency.
2. Credits: 3 3. Time allocation: - Lecture: 60% - Practice and Discuss: 40% 4. Prerequisites: Monetary theory 5. Course objective: On completion of the course, the student should be able to - Understand stock market organization and operation - Discuss and analyze IPOs and related issues - Understand the operation & activities on Stock exchange - Understand the market microstructure and strategies - Understand and analyze the efficiency of the market and securities values. 6. Course description: The course provides the knowledge of the organization and operation of securities markets, including the primary market and secondary market; the knowledge on the market microstructure and strategies; EMH and valuation of securities. 7. Requirements for students: - Take 2 exams in the course - The method of presentation is textbook review, online readings, experience, and examination. Each student is required to read each chapter, work the assigned problems, and is prepared to answer questions on the material. - Students are required to attend classes according to the regulations for the course. In the event of a planned or unplanned absence due to necessary circumstances, you are expected to notify the instructor via email as quickly as possible. An unexcused absence is one in which the student fails to notify the instructor and provide written documentation (if requested by the instructor) 8. Course resources Textbook Zvi, Bodie, Alex kane, Alan J.Marcus (2014), Investment, 10th edition, Mc- Grow Hill. Recommended text 1. Madura, J, (9th Ed.) Financial Markets and Institutions, Thompson Southwestern 2. Viney, Financial Institutions 1. Mishkin,F. S., Financial Markets and Institutions (7th Edition) , Prentice Hall, 2011 2. Kidwell, D.S., Financial Institutions, Markets, and Money , Wiley, 2011 3. Fabozzi, F. J., Capital Markets: Institutions and Instruments (4th Edition), Prentice Hall, 2009 Useful WebPages http://finance.yahoo.com/ http://www.bloomberg.com/ http://asia.wsj.com/ http://www.ssc.gov.vn/ http://www.hsx.vn/ http://hnx.vn/ http://www.stockbiz.vn/ 9. Course grading Attendance: 10% Assignment: 20% Semi-exam: 10% Final Exam: 60% 10. Course outline
Topic Main contents Week
- Overview of Security market 1,2,3 Introduction to Securities - The participation of securities market market - Security market regulation - Globalization of security market - Bonds 4,5 Instruments on Securities - Company shares markets - Derivatives
- Definition, characteristics & roles of Primary 6,7,8,9
Primary market Market1 - Stock offerings - Private Equity - Public Equity - Initial Public Offerings - Secondary Stock offering2 - Rights Issues - Placements - Takeover Issues - Dividend reinvestment schemes - Preference shares - Convertible notes - Bonds issuing -Treasury and Federal Agency -Municipal Bonds 1 Financial Institutions (Viney) p178 2 Financial Institutions (Viney) p223 - Corporate Bonds Mid-term test - Definition, characteristics & roles 11,12,13, Secondary Market - Organized exchange 14 - Stock Market Transactions - Microstructure & strategies - Margin trading - Short Selling - Regulation of stock trading -Over -The - Counter market - Introduction on OTC - Trading on OTC Buying on Margin - Introduction 15,16,17 - Form of EMH - Test of EMH - Implication of EMH Short selling - Bond value 18,19,20 - The value of stock Discussion & exercise 21 Review of the course 22
11. Group instructors:
No Name Phone Email 1 Tran Thi Xuan Anh 0918420868 Xuananh80hvtc@yahoo.com 2 Tran Thi Thu 0988913831 tranhuong@hvnh.edu.vn Huong