Objectives and competences
The aim of the course is to deepen the knowledge in the field of the functioning of capital markets, business cycles and the connection between the real and financial sectors of economy. The course researches the links between business cycle and the stock trends, macroeconomic and microeconomic implications of the changes in fundamentals, the basics of technical and fundamental analysis, the characteristics of potential stock market strategies and behavior of economic agents in different phases of stock market and business cycle.
Content (Syllabus outline)
1) Business cycle
2) Investment markets and transactions
3) Positioning of sectors in the market trend
4) General market indicators and strategies
5) Psychological market indicators
6) International links between market trends
7) Fundamental analysis and technical analysis
8) Financial crises and models of resolving
9) Monetary policy and financial markets
10) Uncertainty and financial stress and the macroeconomy
Learning and teaching methods
The following methods and forms of study are used in the course:
- lectures
- exercises
- seminar work
Intended learning outcomes - knowledge and understanding
In this course students:
1. Upgrade their basic knowledge of the functioning of capital markets and business cycles (PILO 2a)
2. Acquire specific knowledge for a systematic understanding of the connections between capital markets and business cycles (PILO 2a)
3. Acquire knowledge (methods/techniques) of valuation of financial instruments, especially shares, in connection with macroeconomic trends (PILO 2a, PILO 3b)
4. Become familiar and train in the use of different investment strategies
5. They acquire the ability to search and synthesize relevant information in the field of capital markets and business cycles (PILO 2b)
6. Develop the ability to synthesize theories and existing empirical studies, and to obtain and analyze information for research on the course's topics (PILO 1a).
7. Learn and are aware of the importance of ethical action in the capital markets (PILO 4a)
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Intended learning outcomes - transferable/key skills and other attributes
In this course students:
1. Upgrade their basic knowledge of the functioning of capital markets and business cycles (PILO 2a)
2. Acquire specific knowledge for a systematic understanding of the connections between capital markets and business cycles (PILO 2a)
3. Acquire knowledge (methods/techniques) of valuation of financial instruments, especially shares, in connection with macroeconomic trends (PILO 2a, PILO 3b)
4. Become familiar and train in the use of different investment strategies
5. They acquire the ability to search and synthesize relevant information in the field of capital markets and business cycles (PILO 2b)
6. Develop the ability to synthesize theories and existing empirical studies, and to obtain and analyze information for research on the course's topics (PILO 1a).
7. Learn and are aware of the importance of ethical action in the capital markets (PILO 4a)
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Readings
Strašek, S., Jagrič, T. (2010). Borzni in poslovni ciklus. Univerza v Mariboru, EPF.
Ioannidis, C., Kontonikas, A. (2008). The impact of monetary policy on stock prices. Journal of Policy Modeling, 30(1): 33-53.
Bodie, Z., Kane A., Marcus. A.J. 2018. Investments, Eleventh Edition. New York: McGraw-Hill Education.
Izbrani članki /Selected articles
Additional information on implementation and assessment Seminar work (paper)
Written exam
Seminar work (paper) - Preparation and presentation of seminar work
Written exam or two midterm test (each 35%)) %). Questions covering course content
