Introduction to Finance file CORE BOOKS
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Transcript of Introduction to Finance file CORE BOOKS
I. BANKOK 23.05.03.
1
Overview and Introduction to Financial System
Overview and Introduction to Financial System
• IntroductionCore booksRequirementsPresentation, evaluation
• Overview on the whole financial system
•Historical background of money
INTRODUCTION Course: Introduction to Finance Department: Finance, EII.37 Head of Department.: Dr. Vígvári, András Secretary: Zsuzsanna Rébel EII.37 Subject coordinator teacher: Andrea Vallyon, EII.39;
[email protected], [email protected] Consultations: at EII.39 on Thuesdays at 14.50-16.10 Materials: Sharepoint Pénzügy Tanszék Angol
tagozat Introduction to Finance file & Coospace: Introduction to Finance file
CORE BOOKS Lawrence J. Gitman: Principles of Managerial Finance,
Addison - Wesley 10th Editionhttp://wps.aw.com/aw_gitman_pmf_11 Brealey and Myers: Principles of corporate Finance,
West Publishing Companywww.mhhe.com/business/finance
György Székely: The Essence of Money and Banking A Handbook for Financial Managers. KJK-Kerszöv Kft.
2002. Stephen Valdez: An Introduction to Global Financial
Markets, Macmillan Press Ltd.1997
REQUIREMENTS To pass
Successful written exam ( 56 points from 100 points )3 parts:
Test questions ( pre-exam: Dec. 14) Calculations ( Oct. 26) Essay (pre-exam: Dec. 14)
Presentations alternatively (10-15 minutes) in lecture (max. +15 points) – topics are related to lectures’ themes
PRESENTATION Alternative Could be made in pairs Max 15 minutes, one per
each lecture Hand-out + Power Point Application for
presentation: after the lecture
Topics ( see sharepoint) Evaluation: presentation
skills + hand-out materials
OVERVIEW AND WELCOME!
What does financial system mean in the economy?
What is its task? – determinations Who are the participants? Direct and indirect flow of capital What are the instruments in the financial
markets? Different markets and tasks Investment decision from the private investor’s
place
FINANCIAL SYSTEM Markets Instruments Rules, acts, regulations Institutes People Techniques Money and capital connections in the
economy
FINANCIAL INSTITUTIONS AND ITS ENVIRONMENT
MONEY SUPPLY AND DEMAND
Borrowers and lenders – supply and demand Borrowers
Individuals Companies Government Public corporations Municipalities
Lenders: individuals (and companies) Deposit in Commercial bank Shareholder Investment funds, mutual funds pension funds Insurrance companies
INTERMEDIARIES
Intermediaries (pénzügyi közvetítők)– financial institutes Investment funds,Mutual fundsPension funds Insurrance companiesCommercial banks
FINANCIAL INSTRUMENTS AND FINANCIAL MARKETS Securities
Freely bought and sold Shares, preference
shares Corporate and goverment
bonds, eurobonds T-bills certificate of deposit,
commercial papersFinancial markets
- primary- secondary
INVESTMENT DECISION Market situation- the
pyramid Instruments as a
legal claim (two main types: bond
and share) Participants
( bearish and bullish traders and speculators)
Institutions and regulations
MATERIALS FOR THE TOPIC Stephen Valdez: An Introduction to Global Financial
Markets,Macmillan Press Ltd.1997 – chapter 1 György Székely: The Essence of Money and BankingA Handbook for Financial Managers. KJK-Kerszöv Kft.
2002. Lawrence J. Gitman: Principles of Managerial Finance,
Addison - Wesley 10th Edition – see sharepoint: CH1:21-28old.
Sharepoint: Keown CH2 Financial markets and interest rates
Lecture 1. ppt.
THANK YOU