Capital Market

The course covers major financial markets for long term capital including debt and equity securities. It provides explanation of why these markets exist, who are the players, how they work, what are the rules and how they are evolving. Topics covered include the nature of instruments offered in capital markets, organization of capital markets with emphasise on organized capital markets (stock exchanges, alternative transaction systems etc.) and the role of capital markets as a source of long term capital. The course will provide overview of the Polish capital market and major world capital market centers.

The goal of the course is to explain the mechanics of capital market and present its role as a key segment of the financial system. Particular emphasize is placed on organization and mechanics of securities issuing and trading.

Literatura podstawowa:

W. Dębski, Rynek finansowy i jego mechanizmy. Podstawy teorii praktyki, Wydawnictwo Naukowe PWN, 2014.

Literatura uzupełniająca:

M. Dietl, D. Zarzecki (editors), Understanding The Polish Capital Market, Routledge, 2023;

F. Fabozzi, F. Modigliani, F. Jones, Foundations of Financial Markets and Institutions, Prentice Hall, 2009

J. Madura, Financial Markets and Institutions, Cengage Learning, 2020

Kryteria oceniania:

egzamin testowy: 100.00%

The course covers major financial markets for long term capital including debt and equity securities. It provides explanation of why these markets exist, who are the players, how they work, what are the rules and how they are evolving. Topics covered include the nature of instruments offered in capital markets, organization of capital markets with emphasise on organized capital markets (stock exchanges, alternative transaction systems etc.) and the role of capital markets as a source of long term capital. The course will provide overview of the Polish capital market and major world capital market centers.

The goal of the course is to explain the mechanics of capital market and present its role as a key segment of the financial system. Particular emphasize is placed on organization and mechanics of securities issuing and trading.

Literatura podstawowa:

W. Dębski, Rynek finansowy i jego mechanizmy. Podstawy teorii praktyki, Wydawnictwo Naukowe PWN, 2014.

Literatura uzupełniająca:

1. St. Thiel, Rynek kapitałowy i terminowy, CEDUR, Komisja Nadzoru Finansowego, Warszawa 2010.

2. M. Poślad, St. Thiel, T. Zwoliński - Akcje i obligacje korporacyjne - oferta publiczna i rynek regulowany, CEDUR, Komisja Nadzoru Finansowego, Warszawa 2006.

Kryteria oceniania:

egzamin testowy: 100.00%

The course covers major financial markets for long term capital including debt and equity securities. It provides explanation of why these markets exist, who are the players, how they work, what are the rules and how they are evolving. Topics covered include the nature of instruments offered in capital markets, organization of capital markets with emphasise on organized capital markets (stock exchanges, alternative transaction systems etc.) and the role of capital markets as a source of long term capital. The course will provide overview of the Polish capital market and major world capital market centers.

The goal of the course is to explain the mechanics of capital market and present its role as a key segment of the financial system. Particular emphasize is placed on organization and mechanics of securities issuing and trading.

Literatura podstawowa:

W. Dębski, Rynek finansowy i jego mechanizmy. Podstawy teorii praktyki, Wydawnictwo Naukowe PWN, 2014.

Literatura uzupełniająca:

1. St. Thiel, Rynek kapitałowy i terminowy, CEDUR, Komisja Nadzoru Finansowego, Warszawa 2010.

2. M. Poślad, St. Thiel, T. Zwoliński - Akcje i obligacje korporacyjne - oferta publiczna i rynek regulowany, CEDUR, Komisja Nadzoru Finansowego, Warszawa 2006.

Kryteria oceniania:

egzamin testowy: 100.00%