| Statuss(Aktīvs) | Izdruka | Arhīvs(0) | Studiju plāns Vecais plāns | Kursu katalogs | Vēsture |
| Course title | Stock Market |
| Course code | Ekon3046 |
| Credit points (ECTS) | 3 |
| Total Hours in Course | 81 |
| Number of hours for lectures | 16 |
| Number of hours for seminars and practical classes | 16 |
| Independent study hours | 49 |
| Date of course confirmation | 21/06/2018 |
| Responsible Unit | Institute of Economics and Finance |
| Course developers | |
| Dr. oec., prof. Ingrīda Jakušonoka |
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| Prior knowledge | |
| Ekon2109, Macroeconomics Ekon3113, Finance and Taxes Ekon4102, Financial Accounting |
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| Course abstract | |
| The general goal of the course is to provide knowledge of the operational principles and mechanism of financial and securities markets, the operational concept of the securities market, the relevant legal framework, as well as the regulation and control system. Students learn the sequential securities turnover steps:security emission, primary and secondary security sales,how to make deals on securities and perform related financial calculations. | |
| Learning outcomes and their assessment | |
| 1)Students will be able to demonstrate the knowledge of the operational principles of the securities market, the relevant legal framework and the regulatory and control system – discussions in seminar classes.
2)Demonstrate the understanding of securities turnover steps: emission, primary sales, secondary sales – test with calculations. 3)Demonstrate the knowledge of the application of evaluation algorithms in securities-related calculations for the most important assets – test with calculations. 4)Perform calculations, analyse the results acquired, understand the causes and develop proposals for enhancing the efficiency of a portfolio of securities, calculate returns on stocks, bonds, public debt securities, bills and options - test with calculations, calculations done in classes. 5)Analyse information on the Baltic securities market, financial instruments, market segments and returns on securities - independent work. 6)Responsibly plan the completion of the assignments given, select information and present the calculations performed and the proposals developed – independent work. 7)Compare and evaluate various securities market segments, calculate returns on stocks, bonds, bills and options and independently make decisions on investment in securities – practical assignments, tests. |
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| Course Content(Calendar) | |
| 1. Nature and classification of securities (lectures 1 h)
2. Latvian securities market (lectures 1 h) 3. Securities Design and Preparation (lectures 1 h, practical classes 1 h) 4. Secondary circulation of securities. Activities of the Riga Fund Exchange at Nasdaq OMX Exchange Alliance (lectures 2 h, practical classes 2 h) 5. Bond and share calculations (lectures 3 h, practical classes 5 h) 6. Securities issued by the State and their role in regulating economic processes (lectures 2 h, practical classes 2 h) 7. Activities of the Latvian Central Depository (LCD) (lectures 1 h, practical classes 1 h) 8. Activity of investment funds in the financial market (lectures 1 h, practical classes 1 h) 9. Bills of exchange and related calculations (lectures 1 h, practical classes 1 h) 10. Derived securities (lectures 1 h, practical classes 1 h) 11. Portfolio of securities and financial risks (lectures 2 h, practical classes 2 h) |
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| Requirements for awarding credit points | |
| Successfully completed 2 tests: Test 1 - Evaluation of the efficiency of investments in stocks and bonds (20%). Test 2 - Calculation of the efficiency of investments in debt securities and bills (20%).
Presentation of a report on an individual study - Analysis of the financial instruments market, opportunities for investment in various financial market segments and a portfolio of securities (20%). Examination on the topics acquired during the course (40%). |
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| Description of the organization and tasks of students’ independent work | |
| Learning and strengthening the theory material by solving tasks and tests. Preparing for tests. Presentation of a report on an individual study - Analysis of the financial instruments market, opportunities for investment in various financial market segments and a portfolio of securities (up to 16 pages in computer print). | |
| Criteria for Evaluating Learning Outcomes | |
| Tests, presentation and examination with mark – average score in marks (10% are equal to one point on a 10-point marking scale). | |
| Compulsory reading | |
| 1.Brooks R.M. Financial management: core concepts, Pearson. 2016.- 648 p
2. Pike R. Corporate Finance and Investment: Decisions and Strategies. 8th ed. New York: Pearson Education Limited, 2015. 844 p. 3.Edwin J. Elton, Martin J. Gruber, Stephen J. Brown, William N. Goetzmann. Modern Portfolio Theory and Investment Analysis - Eighth ed., John Wiley & Sons, Inc, 2009, 727 pp. 4.W.S.Sharpe, G.J.Alexander, J.V.Bailey. Investments, 5th ed. M.Infra-M. 2009. 1028 pp. 5.Praude V. Finanšu instrumenti.- Rīga: 2009.- 1.sēj. Rīga, Burtene 6. Praude V. Finanšu instrumenti.- Rīga: 2010.- 2.sēj. Rīga, Burtene 7.Rupeika-Apoga R., Zelgalve E. Finanšu tirgus un tā analīzes metodes. Rīga: 2009. 8.Apsītis Ģ., Aščuks I.,Cērps U., Kokorevičs G., Ozols Ģ.,Sedlenieks A., Zuļģis H. Vērtspapīru tirgus zinības / Otrais papild.izd. R.: Jumava.- 2006.-222 lpp. |
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| Further reading | |
| 1.Herbert B.Mayo Basic Finance An Introduction to Financial Institutions, Investments & Management, 9 th edition, 2006.
2.Guide to NASDAQ OMX Baltic Securities Market; pieejams http://www.nasdaqomxbaltic.com 3.Finanšu instrumentu tirgus likums (20.11.2003). Pieejams: https://likumi.lv/doc.php?id=81995 4.Komerclikums (13.04.2000). Pieejams: https://likumi.lv/doc.php?id=5490 5. Latvijas Banka „Monetārais apskats”. Pieejams: http://www.bank.lv 6. Finanšu un kapitāla tirgus komisijas likums (1.06.2000) .Pieejams: https://likumi.lv/doc.php?id=8172 7.Kredītiestāžu likums (5.10.1995). Pieejams: https://likumi.lv/doc.php?id=37426 8.Ieguldījumu pārvaldes sabiedrību likums (1.07.1998). Pieejams: https://likumi.lv/doc.php?id=52953 9.Hipotekāro ķīlu zīmju likums (10.09.1998). Pieejams: https://likumi.lv/doc.php?id=49868 10.Par privātajiem pensiju fondiem (5.06.1997). Pieejams: https://likumi.lv/doc.php?id=44006 11.Noguldījumu garantiju likums (4.06.2015). Pieejams: https://likumi.lv/doc.php?id=274737 |
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| Periodicals and other sources | |
| 1. Finanšu portals. Pieejams: www.reuter.com
2. Nasdaq Riga birža. Nasdaq Baltijas vērtspapīru tirgus 3. Latvijas Banka. Uzraudzība | Latvijas Banka 4. Dienas Bizness/nedēļas laikraksts: Latvijas biznesa avīze. Rīga: Diena: Dagens Industri, 2005-.ISSN 1407-2041 5. Finanšu portāls. www.financenet.lv |
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| Notes | |
| Restricted elective course for the academic Bachelor’s study programme “Economics”, Accounting and Finance” section of the Faculty of Economics and Social Development | |