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+=====Course unit: Finance =====
+==== Course metadata ====
+  * Title in French: Finance
+  * Course code: tba
+  * ECTS credits: 3
+  * Teaching hours: 72h
+  * Type: advanced course
+  * Language of instruction: English
+  * Coordinator: tba
+  * Instructor(s): Grégoire Hug (WeeFin), Bolanjinva Randrianarizafy (Natixis), Julien Belon (Arx Corporate Finance), Vincent Bonnamy (La Banque Postal Asset Management)
+  * //Last update 24/03/2021 by C. Pouet//
+==== Brief description ====
+This course is taught by highly skilled professionals in finance.
+This course unit is divided into three parts:
+  * ** Portfolio management ** (24 hours) taught by Grégoire Hug.
+  * ** Credit risk ** (24 hours) taught by Bolanjinva Randrianarizafy: 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.
+==== Learning outcomes ====
+  * Understand the similarities in the concepts of market and corporate finance
+  * Understand how finance products can be used to manage risk
+  * Know how to organize an investment process
+  * Know how to evaluate and to value a company
+  * Understand the definition, measurement and pricing of credit risk
+  * Know how banks are regulated
+  * Know the various jobs of finance
+==== Course content ====
+=== Portfolio management ===
+  - Introduction to portfolio management
+  - Equity Investing and investment process
+  - Fixed Income Investing - basics
+  - Fixed Income Investing - advanced
+  - Alternative asset classes and Performance Measurement
+  - Asset management trends
+  - Project: Portfolio construction
+=== Credit risk ====
+  - Introduction: bonds and OTC transactions
+  - Modeling defaults: structural models and ratings
+  - Structured financing: plain-vanilla, asset financing, securitization etc.
+  - Banking regulation on credit risk
+=== 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
+==== Bibliography ====
+Check the availability of the books below at [[https://documentation.centrale-marseille.fr/|Centrale Marseille library]].
+  - Portfolio management
+    * Roland Portait, Patrice Poncet (2014). Market Finance.
+    * Franck J. Fabozzi (2012). The Handbook of Fixed Income Securities.
+  - Credit risk
+    * Gourieroux C. and Tiomo, A. (2007) Risque de crédit : une approche avancée, Economica.
+    * Merton R. (1998) Continuous time finance, Blackwell Publishers.
+    * Bruyere R., Cont R., Fery L., Jaeck C. and Spitz T.  (2005). Credit derivatives, Wiley.
+    * Roncalli T. (2016). Risk Management & Financial Regulation ([[http://thierry-roncalli.com|website]])
+  - Applied finance
+    * Vernimmen, P. (2021). Finance d’entreprise. Dalloz.
+    * Hull, J. (2018). Options, Futures, and Other Derivatives, 10th Edition. Pearson