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Master in Financial Markets

Program curriculum and final degree

Program Curriculum

BLOCK I. CONCEPTUAL FRAMEWORK OF FINANCIAL MARKETS.

  1. The European financial setting.
    1. Main economic indicators. Delayed, matching and advanced indicators.
    2. Economic cycles.
    3. Impact of indicators on financial markets (Spanish case).
    4. Characteristics of the Spanish financial system.
    5. World economic situation in the main economic blocks.
    6. Structuring of the European System of Central Banks (ESCB).
    7. Role of European Central Bank (ECB).
  2. Financial market theory.
    1. Portfolio training: mathematical properties and statistics. Profitability and risk.
    2. Brief review of the institutional setting.
    3. Capital markets according to finance theory.
      1. Criteria for the preparation of optimum portfolios.
      2. Measures to be taken in the event of risk.
      3. Most common utility functions.
      4. Mean-variance analysis.
      5. Equilibrium in financial markets. CAPM and APT Model.
  3. Financial mathematics.
    1. Basic concept.
    2. Capitalisation and update.
    3. Financial regimes.
    4. Net present value (NPV), internal rate of return (IRR) and annual equivalent rate (AER).
    5. Loan repayment.
    6. Practical examples.

BLOCK II. FINANCIAL MARKETS.

  1. Monetary market.
    1. The functions of monetary markets.
      • Assets and market characteristics.
    2. Participants.
    3. Assets and instruments.
    4. Settlement and registration system.
    5. Classification subject to assets.
  2. Fixed income markets.
    1. Introduction to fixed income.
    2. Fixed income theory.
    3. Characteristics of the Spanish public debt market.
    4. Euro zone public debt.
    5. Fixed private income.
    6. Rating.
    7. Fixed income portfolio management.
  3. Variable income markets.
    1. Financial analysis of businesses.
    2. Introduction to the variable income market.
    3. Main stock market operations. Account, terms and credit operations.
    4. PSO, IPO and PTO.
  4. Methods for assessing shares.
    1. Advanced fundamental analysis. Discounted cash flow and extrapolation of ROE- Accounting value.
    2. Chartist-technical analysis.
    3. Contracting tactics.
    4. Practical exercises.
  5. Exchange market.
    1. Exchange rate risk.
    2. Exchange rate training.
    3. Hedging mechanisms.
    4. Insurance exchange.
    5. Exchange rate options.
    6. Long-term exchange rate risk.
  6. Derivative products.
    1. Derivative products.
    2. Derivative products from variable income assets.
    3. Derivative products on Euribor.
    4. Derivative products on public debt notional bonds in the mid and long term.
    5. Commodity trading advisors (CTA).
    6. OTC products. Cap, floor, collar.

BLOCK III. ASSETS MANAGEMENT.

  1. Taxation of financial products.
    1. Tax framework of financial operations.
    2. Taxation of the main financial products.
    3. Tax planning techniques.
    4. Personal income tax, heritage tax.
  2. Managing Portfolios.
    1. Portfolio theory.
    2. Investor profile.
    3. Starting out.
    4. Valuating investor management.
    5. Attribution of results and international regulations.
    6. Communicating results to the client.
    7. Short-term results.
    8. Long-term results.
    9. Consistency in management.
  3. Asset allocation.
    1. Characteristics of the investor.
    2. Some considerations regarding investment in different markets.
    3. Assets management for private investors.
    4. Assets management for institutional investors.
    5. Banks and assets management.
    6. Time allocation.
  4. Collective investment institutions.
    1. Collective investment institutions.
    2. Analysis and selection of mutual funds.
    3. Alternative funds. Hedge Funds: types and strategies.
  5. Forecast products.
    1. Insurance market and risk.
    2. Insurance products.
  6. Introduction to the property market.
    1. Property market offer: premises, offices, industrial warehouses.
    2. Property financing tools.
    3. Property Investment Funds.
    4. Planning regulations. Land classification. New buildings.
    5. Allocation of real estate assets via public auctions.
    6. Current state of the property market.
    7. Property investment strategy.
    8. Public housing.
    9. Key variables for management.
    10. Property portfolio management.
  7. Retirement plans.
    1. Types of retirement plan.
    2. Retirement planning.
    3. Retirement strategy.
  8. Introduction to banking.
    1. Private banking.
    2. Personal banking.
    3. Impact of Basel II.
    4. Money laundering.
    5. Markets in Financial Instruments Directive (MiFID).
  9. Managerial skills.
    1. Effective communication.
    2. Negotiation techniques.
    3. Leadership and motivation.
    4. Team management.
    5. Meeting and interview management.
    6. Public presentation techniques.
  10. BLOCK BSM INSIDE MODULE: This module deals with three key skills that future professionals need in order to achieve success in any area, and to quickly and efficiently respond to the constant challenges that emerge in business. The subjects coincide with UPF Barcelona School of Management's key identifying features: analytical capacity, communication and social purpose.
    1. Evidence-based management: This subject brings us closer to professional decision making through prudent, clear and precise data analysis. Real life, relevant examples give students an opportunity to discover the manifold opportunities that big data can provide to different professional sectors.
    2. Storytelling : In this subject we develop the functions and mechanisms of audiovisual narrative (storytelling) and we apply them to professional communication. We tackle issues such as how to create communications that make an impact (on a personal, project and corporate level) as well as interpersonal communication and team motivation. The goal is to help professionals transmit any idea successfully, with creativity and energy.
    3. Ethics and sustainability: Professionals in all sectors have to deal with issues relating to ethics and sustainability throughout their working lives. In this subject, we focus on identifying, analysing and effectively responding to these questions.
  11. Project.
  12. Curricular Internship: The Master in Financial Markets includes a curricular internship. This type of internships forms part of the academic course contents. The internship is considered as an additional subject that must be passed satisfactorily in order to successfully complete the course.

 

*The information contained herein may be subject to changes.

Final Degree

Once students have completed the programme they will receive the official Master's Degree Máster universitario en Mercados Financieros awarded by the Pompeu Fabra University.

Issuance of official Master's Degrees: The issuance of officially recognised diplomas in Spain implies the payment of a certificate issuance tax. This tax is officially approved by the Catalan Government and it varies from year to year. The programme tuition fees do not include this tax, which must be paid by the student for the successful attainment of the programme's final diploma.

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