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| Les deux révisions précédentes Révision précédente Prochaine révision | Révision précédente | ||
| en:ddefifina2022 [2022/07/04 15:25] – [Course metadata] cpouet | en:ddefifina2022 [2025/09/02 11:30] (Version actuelle) – [Brief description] cpouet | ||
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| + | =====Course unit: Finance ===== | ||
| + | ** <color red> Beware! Under construction. </ | ||
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| + | ==== Course metadata ==== | ||
| + | * Title in French: Finance | ||
| + | * Course code: tba | ||
| + | * ECTS credits: 4 | ||
| + | * Type: advanced course | ||
| + | * Semester 9 (Fall-Winter) | ||
| + | * Teaching period: Mid-November to Mid-February | ||
| + | * Teaching hours: 100h | ||
| + | * Language of instruction: | ||
| + | * Coordinator: | ||
| + | * Instructor(s): | ||
| + | * //Last update 02/09/2025 by C. Pouet// | ||
| + | |||
| + | ==== Brief description ==== | ||
| + | This course is taught by highly skilled professionals in finance. Some of them are Centrale Méditerranée alumni. | ||
| + | |||
| + | This course unit is divided into four parts: | ||
| + | * ** Portfolio management ** (24 hours) taught by Grégoire Hug. | ||
| + | * ** Financial risk modelling ** (24 hours) taught by Réda Rahal: this part is dedicated to credit risk and its role in banking regulation. | ||
| + | * **Applied finance ** (24 hours) taught by Julien Belon and Vincent Bonnamy: this part is about the theoretical aspects of corporate and market finance applied in real life. | ||
| + | * **Data Project: data sources and preprocessing** (20 hours) taught by Sitraka Forler and Lirone Samoun. | ||
| + | |||
| + | ==== Learning outcomes ==== | ||
| + | |||
| + | * Learn what is the asset management industry and what are each player’s target | ||
| + | * Understand the portfolio management theory basics – how to build a portfolio | ||
| + | * Cover all major asset classes to have a deep financial culture | ||
| + | * Understand how the supervision financial risks organized | ||
| + | * Know how to model and compute the associated capital charges are computed | ||
| + | * Understand the similarities in the concepts of market and corporate finance | ||
| + | * Understand how finance products can be used to manage risk | ||
| + | * Know how to evaluate and to value a company | ||
| + | |||
| + | |||
| + | ==== Course content ==== | ||
| + | |||
| + | |||
| + | === Portfolio management === | ||
| + | |||
| + | - Introduction to portfolio management | ||
| + | - The asset management industry | ||
| + | - The investment theory basics | ||
| + | - Main asset classes | ||
| + | - Fixed income asset class - basics | ||
| + | - Sources of risk and return | ||
| + | - Main strategies | ||
| + | - Application on a fixed bond | ||
| + | - Fixed income asset class - advanced | ||
| + | - Fixed Income products and associated strategies | ||
| + | - Calculation example - fixed bond | ||
| + | - Rate curves bootstrapping | ||
| + | - Application on a callable bond | ||
| + | - Back to Equity | ||
| + | - Equity Market history and overview | ||
| + | - Classic steps in an investment process | ||
| + | - Active vs Passive Investment management | ||
| + | - Application on an equity European portfolio | ||
| + | - Alternative asset classes | ||
| + | - Currency | ||
| + | - Private Equity | ||
| + | - Real Estate | ||
| + | - Private Debt | ||
| + | - Infrastructure | ||
| + | - Risk and Performance Measurement | ||
| + | - Performance Measurement | ||
| + | - Risk and Performance Metrics | ||
| + | - Risk Measurement | ||
| + | - Asset allocation | ||
| + | - Asset allocation based on investment profile | ||
| + | - Capital Protection | ||
| + | - Innovation in Asset Management | ||
| + | - Smart Beta portfolios & passive indexing | ||
| + | - Alternative data sources | ||
| + | - ESG (intro) | ||
| + | - Crypto funds | ||
| + | |||
| + | === Financial risk modelling ==== | ||
| + | - Introduction: | ||
| + | - Modeling defaults: structural models and ratings | ||
| + | - Banking regulation on credit risk; market and counterparty credit risk | ||
| + | - Overview of the VaR methodologies and pros/cons for each | ||
| + | - Monte-Carlo techniques applied in Finance | ||
| + | |||
| + | === Applied finance === | ||
| + | - Applied corporate finance – From startup to IPO… and LBO | ||
| + | * Introduction / Presentation | ||
| + | * Application areas of | ||
| + | * Accounting Basic Methods | ||
| + | * Valuation methods | ||
| + | * We know how to value a company. Now what? Different types of operation | ||
| + | * Introduction to Fintech and start-up ecosystem | ||
| + | - Applied market finance – Options: Pricing, Hedging & Risk Management | ||
| + | * Market finance: players and products | ||
| + | * Future and forward: pricing & hedging | ||
| + | * Options: replication and pricing | ||
| + | * Sensitivity of options: the greeks | ||
| + | * Volatility and stress tests | ||
| + | === Data Project: data sources and preprocessing === | ||
| + | Tba | ||
| + | ==== Bibliography ==== | ||
| + | You can check the availability of the books below at [[https:// | ||
| + | - Portfolio management | ||
| + | * Portait, R. and Poncet, P. (2014). Market Finance. | ||
| + | * Fabozzi, F. J. (2012). The Handbook of Fixed Income Securities. | ||
| + | * Hull, J. (2021). Options, Futures & Other Derivatives. 11th Edition. Pearson. | ||
| + | - Financial risk management | ||
| + | * Jorion, P. (2006). Value at Risk: The New Benchmark for Managing Financial Risk, 3rd Edition. McGraw Hill | ||
| + | * Gregory, J. (2015). The xVA Challenge: Counterparty Credit Risk, Funding, Collateral, and Capital. | ||
| + | * Roncalli T. (2016). Risk Management & Financial Regulation ([[http:// | ||
| + | - Applied finance | ||
| + | * Vernimmen, P. (2021). Finance d’entreprise. Dalloz. | ||
| + | * Hull, J. (2018). Options, Futures, and Other Derivatives, | ||
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