The aim of studying and bibliography

The main aim of study: To acquaint students with basic types of securities and methods of their valuation.on the Polish market.

The general information about the module: To familiarize students with short- and long-term securities occurring on the Polish market, such as bills of exchange, Treasury bills, deposit certificates, stocks or bonds, and methods of their valuation. To talk over methods of portfolio construction based on the expected rate of return and the risk.

Bibliography required to complete the module

Bibliography used during lectures

1	E.Jabłońska, W.Jabłoński	Rachunek papierów wartościowych	Oficyna Wydawnicza Politechniki Rzeszowskiej, Rzeszów.	2010
2	K.Jajuga, T.Jajuga	Inwestycje: instrumenty finansowe, aktywa niefinansowe, ryzyko finansowe, inżynieria finansowa	Wyd. Naukowe PWN, Warszawa.	2007

Bibliography used during classes/laboratories/others

1	E.Jabłońska, W.Jabłoński	Rachunek papierów wartościowych	Oficyna Wydawnicza Politechniki Rzeszowskiej, Rzeszów.	2010
2	M.Matłoka, J.Światłowski	Matematyka finansowa i funkcje finansowe arkusza kalkulacyjnego	Wyd. Wyższej Szkoły Bankowej w Poznaniu, Poznań.	2003
3	M.Sobczyk	Matematyka finansowa: podstawy teoretyczne, przykłady, zadania	Wyd. PLACET, Warszawa .	2008

Bibliography to self-study

1	W. Bień	Rynek papierów wartościowych	Wyd. Difin, Warszawa.	2008
2	K.Jajuga, T.Jajuga	Jak inwestować w papiery wartościowe	Wyd. Naukowe PWN, Warszawa.	1994

Basic requirements in category knowledge/skills/social competences

Formal requirements: The student satisfies the formal requirements set out in the study regulations

Basic requirements in category knowledge: basic knowledge in fields of mathematical analysis, statistics, computer science (spreadsheet) and financial mathematics

Basic requirements in category skills: to know how to calculate a presentvalue and a future value of money, a mean value and a standard deviation of a random variable, a value of the standardized normal distribution , as well as local ext

Basic requirements in category social competences: Student understands the necessity of the systematic learning.

Module outcomes

MEK	The student who completed the module	Types of classes / teaching methods leading to achieving a given outcome of teaching	Methods of verifying every mentioned outcome of teaching	Relationships with KEK	Relationships with PRK
01	he knows what are a bill of exchange and a deposit certificate.	lectures	test, observation students' work during laboratories	K_W04++	P7S_WG
02	he knows, what is a Treasury bill and he can calculate theTreasury bill yield in spreadsheet	lecture, laboratory	test, observation students' work during laboratories	K_W04++ K_K03++	P7S_KO P7S_KR P7S_WG
03	he knows, what a bond is and he knows types of Treasury bonds in Poland	lecture, laboratory	test, observation students' work during laboratories	K_W04++ K_U18++ K_K03++	P7S_KO P7S_KR P7S_UW P7S_WG
04	he knows what a stock is, he knows dividend yield growth models and he can use them to calculate the current stock price in spreadsheet	lecture, laboratory	test, observation students' work during laboratories	K_W04++ K_U16++	P7S_UU P7S_UW P7S_WG
05	he knows, what a rate of return and a risk of equity portfolio are and he can to calculate them using spreadsheet	lecture, laboratory	test, observation students' work during laboratories	K_W04++ K_K03++	P7S_KO P7S_KR P7S_WG

Attention: Depending on the epidemic situation, verification of the achieved learning outcomes specified in the study program, in particular credits and examinations at the end of specific classes, can be implemented remotely (real-time meetings).

The syllabus of the module

Sem.	TK	The content	realized in	MEK
1	TK01	Calculation a future value of money - a simple interest and a compound interest. Calculation a present value of money - a trade discount and a mathematical discount, a simple discount and a compound discount.	L01	MEK02
1	TK02	The essence of securities and their basic functions. The division of securities. Types of securities.	W01	MEK01 MEK02 MEK03
1	TK03	Bills of exchange. Types of bills of exchange. Calculation of the current bill of exchange with the trade discount. Rediscount of bills. Flat fee and proportional charge. The principle of equivalence of bills. Renewal bills. The portfolio of bills.	W02-W03, L02-L03	MEK01
1	TK04	Treasury bills. Treasury bill auctions and rules of their announcements. A primary market and a secondary market of Treasury bills. A discount rate and a purchase price of a Treasury bill. A Treasury bill yield and its calculation.	W04-W05, L03-L04	MEK02
1	TK05	Deposit certificates. Features of a deposit certificate. A deposit certificate value and its calculation. A deposit certificate value on a secondary market. A deposit certificate yield . Flat-rate interest deposit certificates and floating-rate interest deposit certificates.	W06-W07, L05	MEK01
1	TK06	Bonds. A division of bonds. Basic characteristics of bonds. A nominal bond value and a market bond value. A bond yield. An approximate bond yield. Consoles, zero-coupon bonds, junk bonds, lottery bonds.	W08-W09, L06-L07	MEK03
1	TK07	Test.	L08	MEK01 MEK02 MEK03
1	TK08	Stocks. Types of stocks. Fundamental characteristics of stocks. The main stock exchange indexes: Dow Jones Index, Standard & Poorls Index, Warsaw Stock Exchange indices . Valuation of stocks: dividends and a stock price. Dividend yield growth models. A stock expected rate of return and risk. An equity portfolio. A stocks correlation coefficient. A risk of an equity portfolio.	W10-W12, L09-L11	MEK04 MEK05
1	TK09	Talking over fundamental derivatives: forward contracts, futures contracts, swaps and options. Valuation of: equity-based forward and futures contracts, Valuation of forward rate agreement and interest rate swap.	W13-W15, L12, L13, L15	MEK04
1	TK10	Test	L14	MEK04 MEK05

The student's effort

The type of classes	The work before classes	The participation in classes	The work after classes
Lecture (sem. 1)	The preparation for a test: 20.00 hours/sem.	contact hours: 30.00 hours/sem.	complementing/reading through notes: 5.00 hours/sem. Studying the recommended bibliography: 5.00 hours/sem.
Laboratory (sem. 1)	The preparation for a Laboratory: 5.00 hours/sem. The preparation for a test: 30.00 hours/sem.	contact hours: 30.00 hours/sem.	Finishing/Making the report: 3.00 hours/sem.
Advice (sem. 1)
Credit (sem. 1)	The preparation for a Credit: 8.00 hours/sem.	The written credit: 4.00 hours/sem.

The way of giving the component module grades and the final grade

The type of classes	The way of giving the final grade
Lecture	Lecture is based on the activity.
Laboratory	The mark is the meanverage of two marks of two tests, under the condition that student must obtain at mark 3 from each test.
The final grade	Evaluation of the course is a grade from laboratory.

Sample problems

Required during the exam/when receiving the credit
(-)

Realized during classes/laboratories/projects
(-)

Others
(-)

Can a student use any teaching aids during the exam/when receiving the credit : yes

Available materials : table of the normal distribution, calculator, the list of formulas

The contents of the module are associated with the research profile: no