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NOTE: If the course consists of lectures and classes, the Course Description applies to both forms of teaching 2. Course code WF35 1. Course title: Number of ECTS credits 3 Traditional & Modern Instruments on Financial Markets Course completion method E Course commenced / Year in Polish: 2013/2014 Tradycyjne i nowoczesne instrumenty na rynku finansowym

3. Faculty: Finance & Insurance 4. Field of Study: Finance & Accounting 5. Department of the Field of Study Coordinator: Department of Banking and Financial Markets 6. Name of tutor: Lectures Examiner Boena Frczek Classes Boena Frczek Lab classes

7. Tutors department Department of Banking and Financial Markets

8. Number of contact hours with students:

Type of course Lectures Classes Foreign language classes Lab classes Seminars Introductory Seminars Other Total hours Examination (hours) 15 Full time study Part time study


9. Course timeframe (no. of semesters) 1 Course commencement / Year Course commencement / Semester (Winter)

10. Stage of tertiary education Bachelor

11. Course status Compulsory for the field of study Compulsory for the specialization X Optional

12. Requirements Compulsory: Fundamentals of Finance Recommended: Fundamentals of Banking and Financial Market

13. Course objectives:

Lectures aim at familiarizing students with the fundamental knowledge on financial instruments used by investors on financial market. This requires explanation of the structure and functions of this market. The financial market development manifested on the growth of trading on traditional instruments as well as creating of new instruments. The scope of these instruments will be adapted to the group level.

14. Teaching and learning methods: A. Direct student/teacher contact hours:

No. 1. Teaching methods Description Number of teaching hours Full time study Part time study


Academic and interactive lectures Discussing selected problems related to particular instruments




Case study

Calculating and analyzing of different aspects of particular instruments

Total AS: 15 AN:

B. Self-study hours:
No. 1. Learning methods Description Number of hours Full time study Part time study


Preparations for presentation Preparation for lecture, group work and case Self work



Textbooks and websites



Case study


BS: 60


Total AS+BS = 75. Examination (E) = 3. Total AS+BS+E= 78 .

Total AN+BN = . Examination (E) =. Total AN+BN+E = .

15. Key words: Financial instruments, capital markets, risk, hedging, financial speculation 16. Course content: 1. 1. Introduction to financial market: a) Differences between saving and investing, b) The structure and functions of financial market (Money versus Capital Markets), c) The Major players on Financial Market (Dealers, Investment Banks, Financial Intermediaries, Investors) d) Basic forms of trading markets: Stock Exchanges, Over the Counter Market OTC, Alternatives Systems, Private Markets, ect. e) Criteria for investments decisions (interest rates, risk, liquidity) 2. Characteristics (definitions) and main Classification of financial instruments 3. Traditional instruments: a) Transferable securities other securities b) Bonds or others forms of securitized debt, other types of debt instruments 4. Options, futures, swaps, forward, warrants 5. Modern instruments: a) structured instruments b) synthetic financial instruments (CFDs - Contracts for Differences, ETFs Exchange Traded Funds, Market of GDRs, ADRs and EDRs. 6. Possibilities of collective investment a) Characteristics of Opened and Closed Funds a) Hedge Hunds

b) Private Equity Funds c) Fund of Funds

17. Student learning outcome achieved in the course, as related to the outcome intended for the field of study. Methods of outcome achievement evaluation.
Student learning outcome intended for the field of study / Symbols Methods of assessing student learning outcome achieved in the course Documentation

Student learning outcome achieved in the course

Knowledge FiR1_W02 1. The student has a basic knowledge of the traditional and modern instruments on financial markets (their essence, functions, advantages and disadvantages). 2. The student knows and understands the rules and customs about making of investment decisions and knows how they affect the financial well-being and financial security as well as the economy. Skills 1. Students can use basic theoretical knowledge to describe and analyze specific phenomena and processes occurring in the financial markets. 2. Student can prepare typical form of written work and present it in a foreign language for specific issues, using basic theoretical approaches and different sources. Social skills FiR1_K01 1. The student understands the need for learning throughout life because of the constant changes at the financial markets. 2. Student can complement and improve their knowledge and skills. Discussion Report from classes Test Test







FiR1_U09, U10,





18. Methods of grading student performance:

No. Student performance assessment methods and course completion requirements Description Percentage of the final grade



Written final test covering both theoretical and practical aspects of the subject




PowerPoint Presentation (oral)


3. * If students are required to earn credits and pass an exam, the credit accounts for at least 30% of the final grade

19. Reading list Compulsory reading list: 1. Valdez, Philip Molyneus, An Introduction to Global Financial Markets, Stephen, 2010 2. David M. Weiss, Financial instruments: Equities, debt, derivatives, and alternative investments, 2009 Recommended reading: 1. I.Orlin Grabbe, International financial Markets, 1995 2. Frank J.Fabozzi, Capital Market. Institutions and instruments, 1995 3. Alan Northcott, The Mutual Funds Book, 2009 20. Language of instruction: English 21. Tutors recommendations: Computer class