Interesting questions:Are you wondering how financial markets work and how people make money in stock markets? Do you like to invest in stocks to try your luck? Do you like to know how to calculate payments for a mortgage, what interests do banks charge, or how long might it take for you to repay a car-loan? Are you planning to study Finance soon? Or did you study Finance already but things are not that clear yet? Are you interested to know the fundamentals of project appraisal, capital budgeting, or portfolio theory?If answer to any of these questions is yes, then this is the course for you. Expected achievements: After completing the course you should become:1.%09A mini-consultant for your family to make informed financial decisions on mortgages, car loans, investments etc.2.%09Convinced that basic finance is not difficult to understand; and memorizing of %E2%80%9Dapparently complicated-looking formula%E2%80%9D is not necessary3.%09Confident to study higher level finance comfortablyWe will cover fundamental issues in Finance: basic tools & techniques necessary to making financial decisions. We will follow problem based learning (PBL) to make sessions interesting and enjoyable. We will emphasize on %E2%80%9Clearning by doing%E2%80%9C and work on various problems and exercises. Planned sessions:Day one: Fundamentals of Finance and Investment1.%09What kind of business organization can I start? 2.%09What are the pros and cons of sole-proprietorship, partnership and private limited company, and corporations?3.%09What are the main tasks of a Financial Manager in a firm? 4.%09How do stock markets work? How to read financial information in newspapers or online? How to invest money in stocks? How to open an online trading account?Day two: Basic valuation techniques and their application1.%09Why and how to consider time value of money in financial decisions?2.%09How to develop complicated formulas without memorizing those?3.%09How to use valuation techniques in personal situations of mortgage, car loans, pension or savings plans etc.? (Group work with practical problems)Day three: Valuation of bonds, stocks, and investment projects1.%09Determining the price of a bonda.%09Price: how much should I be willing to pay for a bond?b.%09How to calculate the yield-to-maturity (YTM) of a bond? c.%09What is the impact of interest rate change on bond valuation?2.%09Valuing shares/stocksa.%09How to calculate the price of stocks using different methods?3.%09Fundamentals of capital budgetinga.%09How to evaluate investment projects using NPV and IRR?b.%09How to rank investment projects?(Group work with practical problems)Day four: Risk, WACC, CAPM, and portfolio theory1.%09What is risk in Finance and how to measure it?2.%09How to measure cost of equity, cost of debt and weighted average cost of capital (WACC)? 3.%09What is Capital Asset Pricing Model (CAPM) and how to use it?4.%09How to minimize risk by using portfolio theoryDay five: Financial Derivatives: Forwards, Futures, and Options1.%09Pay-offs and simple investment strategies using options2.%09Review of the lessons learned3.%09Course evaluation 4.%09Exam (multiple choice questions)
Course leaderDr. Golam Robbani
Fee infoEUR 400: Course fee
ScholarshipsNot available.
Maastricht University + Maastricht School of ManagementAddress: Student Service Centre, Bonnefantenstraat 2 P.O. Box 616
Postal code: 6211 KL Maastricht
City: Maastricht
Country: Netherlands
Website: http://www.maastrichtuniversity.nl/summerschool
E-mail: summerschool@maastrichtuniversity.nl
Phone: +31433885295
