Prerequisite:

None

Instructors:

Professor Branko Živanović, PhD, Belgrade Banking Academy, Belgrade; Tel.: +381 11 262 1730; Fax: +381 (11) 26 31 926; E-mail: branko.zivanovic@bba.edu.rs

Office hours:

www.bba.edu.rs/en/lectureres

Objectives:

The Banking Management course provides a comprehensive synthesis of the banking theories and concepts of contemporary banking practices. The programme explores the services that banks and their principal competitors (including savings and loans, security and investment firms, credit unions, insurance companies, and hedge and pension funds) offer in an increasingly competitive financial-services marketplace. Moreover, the course programme discusses commercial bank adaptability management in relation to the current central banks’ credit and monetary policies and how banks are influenced by them. The topics also include: analytical tools applied to the financial statements used by bank management, and the way they are used by managers in determining a bank’s performance, the concept of liquidity, the management of pricing of deposit services and non-deposit liabilities and bank capital. In the focus of the programme are commercial and industrial lending and approval evaluation processes. The ending part of the course follows the current trends in bank mergers and acquisitions.

After completing the course the students will develop a quantitative and qualitative understanding of bank management and how decisions are made. By combining a theoretical and practical approach they will be prepared to promptly identify, analyse and solve commercial bank issues and chances in a complex financial environment. With respect to skills, at the end of the course a student will be able to:

–       Defend his/her own decisions;

–       Accept other students’ points of view, but with a critical attitude;

–       Maintain a flexible attitude in the decision-making process, taking into account the information available at the time.

Instructional methods:

The programme is focused on case studies and team work, and will be delivered using a variety of methods, including lectures, class discussion, small group work, individual research project preparation. Active student participation and work on essays and case-studies is of crucial importance for the success of the programme. A student’s contribution during the lecture affects the final grade.

Students’ responsibility:

Students are responsible for participation in the course during the lectures. They should be prepared for every class and read the required literature, complete all assignments and course work. Also, students should read a proposed chapter of the textbook prior to discussing it in class. They need to be prepared to ask and answer questions from the text on the scheduled date. The discussions and comments in class are highly appreciated. During the introductory session, groups (teams) of students will be selected to carry out proposed cases and to present them.

Rules of conduct:

Students should attend all timetabled classes such as lectures, seminars and workshops. In the case of any extraordinary circumstances that would prevent the attendance, the Students’ Office should be informed timely.

Academic integrity:

The students are expected to behave in accordance with the academic standards: cheating and/or plagiarism in any form is completely unacceptable and are grounds for failure and dismissal from the course. If there is any doubt as to whether or not a student’s actions constitute cheating or plagiarizing, students should immediately contact the professors. There will be no exceptions to this rule during all course work, both written and oral. Consult a reputable source as to how to correctly cite references both in text and on final reference pages.

Lectures:

Class web

page:

www.bba.edu.rs

Students will be in position to use the website in order to access copies of PowerPoint slides and other materials to be covered in the class lectures, which will be supplemented with course texts and materials.

Textbooks:

1.     Rose, P., Hudgins, S. (2012), Bank Management & Financial Services, 9^th edition, McGraw Hill

2.     Mishkin, F. (2018), Economics of Money, Banking and Financial Markets (What’s New in Economics), 12^th edition, Pearson

Suggested additional reading:

Gup, B. E., Kolari, J. W. (2004), Commercial Banking, 3^rd edition, John Wiley&Sons, inc.

Journals and periodicals: The Banker, Global Banking & Finance Review, Bloomberg – Market & Financial News, World Finance Magazine, Global Finance Magazine

Course structure:

1.    Assigned reading: It should be done prior to class and will be used in class.

2.    Course work: Each student individually or as a team member is required to prepare and to present at least one case study which analyses current topic in a banking industry. The topics are assigned by the professor or chosen by a student.

3.    Mid-term exam: It will cover materials presented in the course outline (lessons 1–10). The exam consists of open-end questions, multiple choice questions and of calculation problems. Open-end questions will be awarded a greater weight than multiple choice questions.

4.    Final exam: It will cover materials presented in the course outline (lessons 1–24). The exam consists of open-end questions, multiple choice questions and of calculation problems or essay type test.

Course workload:

Lectures                                                30 hours

Case study preparation                         20 hours

Research and exam preparation           50 hours

Total                                                   100 hours

Grade components:

Mid-term exam……………………………………………………….15%

Case analysis and presentation………………………….……………20%

Class attendance and case discussion contribution……..…………….15%

Final exam…………………………………………………………….50%

Total………………………………………………………………. 100%

All students seeking any form of special consideration during teaching semesters should deal directly with the Professor. All dates will be confirmed by the Professor.

Prerequisite:

None

Instructors:

Professor Tatjana Mamula-Nikolic, PhD, Belgrade Banking Academy

e-mail: tatjana.mamula@bba.edu.rs

Professor Stefan Alimpic, PhD, Belgrade Banking Academy

e-mail: stefan.alimpic@bba.edu.rs  

Office Hours:

Monday 14.00-15.00

Objectives:

The main objective of the course is to introduce students with the role of entrepreneurship as well as with the relevant knowledge and skills which are needed to be successful in an entrepreneurship/small business venture.

The special focus is on development of student’s awareness and abilities in recognizing opportunities as key drivers of successful new business ventures.

After completing the course, students should be able to:

·     understand and evaluate the role of the entrepreneurs and critically analyse specific examples of new venture; 

·      analyse and interpret how successful entrepreneurs create and find profitable and durable opportunities;

·     determine the necessary financial and non-financial resources for the new ventures.

Instructional methods:

The course will be delivered using a variety of methods including lectures, class discussion, small group work, individual (group) research projects (case study) and business plans preparation. The student participation is of critical importance to the success of the course. Participation is compulsory and makes up a considerable portion of student’s final grade.

Students’ responsibility:

Students are expected to read proposed chapter of the textbook prior to discussing it in class. They need to be prepared to ask and answer questions from the text on the scheduled date. The comments in class would be highly appreciated.

Rules of Conduct:

Students are expected to comply with the class schedule. Professor need to be timely informed in the case of any extraordinary circumstances that may occasionally prohibit student from respecting this policy. Communication should be open, friendly with a lot of enthusiasm.

Academic integrity:

The students are expected to conduct in accordance with the academic standards: cheating or plagiarism in any form is completely unacceptable and is grounds for failure and dismissal from the course. If there is any doubt as to whether or not your actions constitute cheating or plagiarizing, the students need immediately to contact the professors. There will be no exceptions to this rule on all course work, both written and oral. Consult a reputable source as to how correctly cite references both in text and on final reference pages.

Class Web

Page:

In order to access copies of power point slides and other materials to be covered in the class lectures, students will use Google Classroom platform.

Textbooks:

W. Bygrave,  A. Zacharakis: Entrepreneurship, 2nd edition, John Wiley & Sons, Inc., 2011

Full text version in pdf  format available on site: http://www.mim.ac.mw/books/Bygrave’s%20Entrepreneurship%202nd%20Edition.pdf

Suggested additional reading:

 Journals, newspaper, periodicals and referent websites  

Course structure:

5.    Assigned reading: These should be done prior to class and will be used in class.

6.    Case study:  Students are expected to prepare and to present at least one case study on successful entrepreneurship.

7.    Mid-term Exam: Students are expected to prepare two essays covering the referent topics.

8.    Final Exam: Preparation and presentation of business plan

Course Workload:

 Lectures                                               30 hours

Case study preparation                         20 hours

Research and exam preparation           50 hours

Total                                                   100 hours

Grade Components:

Mid-term exam……………………………………..           ………………..40%

Case analysis and presentation………………………………………20%

Class attendance and case discussion contribution………………….10%

Final exam………………………………………………………..… 30%

Total………………………………………………………………. 100%

All students seeking any form of special consideration during teaching semesters should deal directly with the Professor. All dates will be confirmed by the Professor

Prerequisite:

None

Instructors:

Professor Zoran Grubišić, PhD, Belgrade Banking Academy, Belgrade; Tel: +381-11- 263 44 21; Fax: +381 (11) 26 31 926; e-mail: zoran.grubisic@bba.edu.rs

Office Hours:

www.bba.edu.rs/en/lectureres  

Objectives:

The course is designed to enhance the understanding of financial theories, methodology and the best practices in order to manage corporate financial resources effectively. Students will address the most important financial management issues faced by decision-makers and will improve analytical skills in order to deal with various financial topics. Topics covered include: concept of the time value of money; risk and required rates of return concept; valuation of the long-term investments; capital budgeting; cost of capital; operating and financial leverage; dividend policy; financial forecasting, planning and budgeting; working capital management; short-term financing; long-term financing.

After completing the course, students should be able to:

·      Understand the proper role of financial management;

·      Describe financial management in terms of the three major decision areas that confront the financial manager;

·      Understand major financial management concepts and apply different techniques; 

·      Understand the financial consequences of the major corporate decisions involving the investment decision and working capital management;

·      Understand the impact of financial management decision on the sustainability of company’s growth.

Instructional methods:

The course will be delivered using a variety of methods including lectures, class discussion, small group work, individual (group) research project (case study) preparation. The student participation is of critical importance to the success of the course. Participation is compulsory and makes up a considerable portion of student’s final grade.

Students’ responsibility:

Students are expected to read proposed chapter of the textbook prior to discussing it in class. They need to be prepared to ask and answer questions from the text on the scheduled date. The comments in class would be highly appreciated. During the introductory session, groups (teams) of students will be established to carry out a proposed cases and to present it.

Rules of Conduct:

Students are expected to comply with the class schedule. Professor need to be timely informed in the case of any extraordinary circumstances that may occasionally prohibit student from respecting this policy. Communication should be open, friendly with a lot of enthusiasm.

Academic integrity:

The students are expected to conduct in accordance with the academic standards: cheating or plagiarism in any form is completely unacceptable and is grounds for failure and dismissal from the course. If there is any doubt as to whether or not your actions constitute cheating or plagiarizing, the students need immediately to contact the professors. There will be no exceptions to this rule on all course work, both written and oral. Consult a reputable source as to how correctly cite references both in text and on final reference pages.

Lectures:

Class Web

Page:

www.bba.edu.rs

Students will be in position to use web-site in order to access copies of power point slides and other materials to be covered in the class lectures and will be supplemented with course texts materials.

Textbooks:

J. C. Van Horne, J, M. Wachowicz: Fundamentals of Financial Management, 13^th edition, Prentice Hall, 2008 – full text version in pdf format available on site: http://www.mim.ac.mw/books/Van%20Horne%27s%20Fundamentals%20of%20Financial%20Management.pdf

Suggested additional reading:

 Journals, newspaper and periodicals: Financial Analysts, Journal of Finance, Fortune, Forbes, Wall Street Journal, Economist, Herald Tribune, Financial Times and other.

Course structure:

9.    Assigned reading: These should be done prior to class and will be used in class.

10. Case study: Each group (team) of students will be expected to prepare and to present at least one case study on selected specific financial management issue.

11. Mid-term Exam: It will cover materials presented in the course outline (lessons 1-10). The exam consists of open end questions, multiple choice questions and of calculation problems. Open end questions will be awarded a greater weight than the multiple choice questions. 

12. Final Exam:. It will cover materials presented in the course outline (lessons 13-28). The exam consists of open end questions, multiple choice questions and of calculation problems. Open end questions will be awarded a greater weight than the multiple choice questions. 

Course Workload:

 Lectures                                               30 hours

Case study preparation                         20 hours

Research and exam preparation           50 hours

Total                                                   100 hours

Grade Components:

Mid-term exam……………………………………..           ……………….20%

Case analysis and presentation………………………………………25%

Class attendance and case discussion contribution………………….15%

Final exam………………………………………………………..… 40%

Total………………………………………………………………. 100%

All students seeking any form of special consideration during teaching semesters should deal directly with the Professor. All dates will be confirmed by the Professor

Prerequisite:

None

Instructors:

Professor Dejan Erić, PhD, Belgrade Banking Academy, Belgrade; Tel: +381-11-26-21-730; Fax: +381(11)-26-31-926; e-mail: dejan.eric@bba.edu.rs

 Professor Mališa Đukić, PhD, Belgrade Banking Academy, Belgrade; Tel: +381-11-26-21-730; Fax: +381(11)-26-31-926; e-mail: dejan.eric@bba.edu.rs 

Office Hours:

Upon written request

Objectives:

The basic goal of the course is to familiarize with the complex issues of financial systems and financial markets within them. Understanding the functioning of the money, capital and derivatives markets is of particular importance.

After completing the course, students should be able to:

·      Understand the proper role of financial markets and instruments;

·      Understand basic economic functions of financial markets;

·      Understand basic structure of financial markets; 

·      Understand the basic functions of banks, insurance companies, and the other financial institutions in financial markets;

·      Understand how the market works and process of price discovery.

Instructional methods:

The course will be delivered using a variety of methods including lectures, class discussion, small group work, individual (group) research project (case study) preparation. The student participation is of critical importance to the success of the course. Participation is compulsory and makes up a considerable portion of student’s final grade.

Students’ responsibility:

Students are expected to read proposed chapter of the textbook prior to discussing it in class. They need to be prepared to ask and answer questions from the text on the scheduled date. The comments in class would be highly appreciated. During the introductory session, groups (teams) of students will be established to carry out a proposed cases and to present it.

Rules of Conduct:

Students are expected to comply with the class schedule. Professor need to be timely informed in the case of any extraordinary circumstances that may occasionally prohibit student from respecting this policy. Communication should be open, friendly with a lot of enthusiasm.

Academic integrity:

The students are expected to conduct in accordance with the academic standards: cheating or plagiarism in any form is completely unacceptable and is grounds for failure and dismissal from the course. If there is any doubt as to whether or not your actions constitute cheating or plagiarizing, the students need immediately to contact the professors. There will be no exceptions to this rule on all course work, both written and oral. Consult a reputable source as to how correctly cite references both in text and on final reference pages.

Lectures:

Class Web

Page:

www.bba.edu.rs

Students will be in position to use web-site in order to access copies of power point slides and other materials to be covered in the class lectures and will be supplemented with course texts materials.

Textbooks:

Fabozzi, F. J.,  Modigliani F., Jones, F. J.,: „Foundations of Financial Markets and Institutions“, Fourth Edition, Pearson Education Limited, Edinburgh Gate, Harlow – Essex CM20 2JE

Pdf copy is available on e-mail request

Suggested additional reading:

Journals, newspaper and periodicals: Financial Analysts, Journal of Finance, Fortune, Forbes, Wall Street Journal, Economist, Herald Tribune, Financial Times and other

Course structure:

13. Assigned reading: These should be done prior to class and will be used in class.

14. Case study: Each group (team) of students will be expected to prepare and to present at least one case study on selected specific financial management issue.

15. Mid-term Exam: It will cover materials presented in the course outline (lessons 1-5). The exam consists of open end questions, multiple choice questions and of calculation problems. Open end questions will be awarded a greater weight than the multiple choice questions. 

16. Final Exam:. It will cover materials presented in the course outline (al lessons). The exam will be oral.

Course Workload:

 Lectures                                               30 hours

Case study preparation                         20 hours

Research and exam preparation           50 hours

Total                                                   100 hours

Grade Components:

Mid-term exam……………………………………..           ……………….20%

Case analysis and presentation………………………………………25%

Class attendance and case discussion contribution………………….15%

Final exam………………………………………………………..… 40%

Total………………………………………………………………. 100%

All students seeking any form of special consideration during teaching semesters should deal directly with the Professor. All dates will be confirmed by the Professor

Prerequisite:

None

Instructors:

– Professor Dejan Erić, PhD, Belgrade Banking Academy, Belgrade; Tel: +381-11- 263 44 21; Fax: +381 (11) 26 31 926; e-mail: dejan.eric@bba.edu.rs   

– Professor Sonja D. Radenković, PhD, Belgrade Banking Academy, Belgrade; Tel: +381-11- 263 44 21; Fax: +381 (11) 26 31 926; e-mail: sonja.radenkovic@bba.edu.rs

Office Hours:

www.bba.edu.rs/en/

Objectives:

The course is designed to enhance the understanding of financial technologies used for digital transformation of banking, insurance companies and other financial institutions. The aim of the course is to provide mastering of sophisticated models of financial decision-making – decisions on investing, financing and profit and wealth management by using the digital technologies.

After completing the course, students should be able to:

·      Understand the essence of the FinTech industry;

·      Evaluate the application of FinTech in the company;

·      Evaluate the realization of FinTech idea; 

·      Be a kind of mediator between technology and finance in the real world;

·      Start to realize their own FinTech idea.

Instructional methods:

The course will be delivered using a variety of methods including lectures, class discussion, small group work, individual (group) research project (case study) preparation. The student participation is of critical importance to the success of the course. Participation is compulsory and makes up a considerable portion of student’s final grade.

Students’ responsibility:

Students are expected to read proposed chapter of the textbook prior to discussing it in class. They need to be prepared to ask and answer questions from the text on the scheduled date. The comments in class would be highly appreciated. During the introductory session, groups (teams) of students will be established to carry out a proposed cases and to present it.

Rules of Conduct:

Students are expected to comply with the class schedule. Professor need to be timely informed in the case of any extraordinary circumstances that may occasionally prohibit student from respecting this policy. Communication should be open, friendly with a lot of enthusiasm.

Academic integrity:

The students are expected to conduct in accordance with the academic standards: cheating or plagiarism in any form is completely unacceptable and is grounds for failure and dismissal from the course. If there is any doubt as to whether or not your actions constitute cheating or plagiarizing, the students need immediately to contact the professors. There will be no exceptions to this rule on all course work, both written and oral. Consult a reputable source as to how correctly cite references both in text and on final reference pages.

Lectures:

Class Web

Page:

www.bba.edu.rs

Students will be in position to use web-site in order to access copies of power point slides and other materials to be covered in the class lectures and will be supplemented with course texts materials.

Textbooks:

Rubini, A. (2017). FinTech in a Flash – Financial Technology Made Easy.  Simtac Ltd.

Suggested additional reading:

Arjunwadkar, P. Y., (2018). FinTech -The Technology Driving Disruption in the Financial Services Industry. CRC Press. Taylor & Francis Group. New Yourk.

Course structure:

17. Assigned reading: These should be done prior to class and will be used in class.

18. Case study: Each group (team) of students will be expected to prepare and to present at least one case study on selected specific financial technology issue.

19. Mid-term Exam: It will cover materials presented in the course outline (lessons 1-10). The exam consists of open end questions and multiple choice questions. Open end questions will be awarded a greater weight than the multiple choice questions. 

20. Final Exam:. It will cover materials presented in the course outline (lessons 13-28). The exam consists of open end questions and multiple choice questions. Open end questions will be awarded a greater weight than the multiple choice questions. 

Course Workload:

 Lectures                                               30 hours

Case study preparation                         20 hours

Research and exam preparation           50 hours

Total                                                   100 hours

Grade Components:

Mid-term exam……………………………………..           ……………….20%

Case analysis and presentation………………………………………25%

Class attendance and case discussion contribution………………….15%

Final exam……………………..…………………………………… 40%

Total…………………………..……………………………….…. 100%

All students seeking any form of special consideration during teaching semesters should deal directly with the Professor. All dates will be confirmed by the Professor

Prerequisite:

At least some undergrad level knowledge of fundamental concepts        in economics and finance

Instructors:

Professor Zoran Grubišić, PhD, Belgrade Banking Academy, Belgrade; Tel: +381-11- 263 44 21; Fax: +381 (11) 26 31 926; e-mail: zoran.grubisic@bba.edu.rs   

Office Hours:

www.bba.edu.rs/en/

Tuesday 12:00 – 13:00

Objectives:

International Business and Finance course focuses on executive level decision making in an international context.  After passing the exam, students will be well-acquainted  with theory and policy of international operations and finance,  and capable of  taking  up a range of strategist/executive posts in global arena of international financial management, international banking and multinational corporations. Specifically, emphasis has been put on:

• motivation for trade and effects of different trade policies in different market structures
• organising and financing foreign trade
• understanding and interpreting balance of payments data and its linkage with exchange rate,
• explaining mechanics of foreign exchange markets, FX risk and hedging techniques with currency derivatives
• ability to rationalize and improve performance of international and transnational economic activity
• understanding the role of flows of capital in the modern world

Needless to say, due attention has been paid to:

• definition and estimation of political and country risk, as well as to avoiding  and/or coping  with hazards of international financial crises from both macro and micro stand-point.

Great deal of course is, somewhat expectedly, put into perspective of multinational business entities, concentrating on decision requirements rarely encountered by purely domestic firms. These include:

• inbound as well as outbound FDI theory and practice,
• current asset management in a multinational firm
• multiple currency management,
• grasping intricacies and superiority of euromarkets and off-shore financial centres, and finally,
• prospects and limitations of international financial diversification.   .

Instructional methods:

The course will be delivered using a variety of methods including lectures, class discussion, small group work, individual (group) research project (case study) preparation. The student participation is of critical importance to the success of the course. Participation is compulsory and makes up a considerable portion of student’s final grade.

Students’ responsibility:

You are advised to read the indicated chapters of your textbook prior to our discussing it in the class. Be prepared to ask and answer questions within the designated topic on the scheduled date. Your academic comments in the classroom would be highly appreciated. From the very beginning of the course, groups of students will be formed. Working groups will be responsible for preparing a report on proposed cases and issues by given deadline. It will be to the student’s advantage to use the Internet and the vast electronic/material resources available at BBA/IES Library. Updated books, manuals, selected business magazines and a vast array of research papers databases will complement your understanding of topics brought up through lectures, reading and teamwork.

Rules of Conduct:

It is expected that students will be in the classroom at the scheduled time and will leave at the scheduled end-time or when dismissed. Please inform your professor if you have any extraordinary circumstances that may occasionally prohibit you from respecting this policy. Please turn off your mobile phones before the class begins. No smoking, eating or drinking is permitted while lectures are in progress. During lecture sessions, personal conversation should be kept at absolute minimum so that neither students, current speakers nor professor are disrespected. Active participation and cooperation in the class is expected and appreciated.

Academic integrity:

The students are expected to conduct in accordance with the academic standards: cheating or plagiarism in any form is completely unacceptable and is grounds for failure and dismissal from the course. If there is any doubt as to whether or not your actions constitute cheating or plagiarizing, the students need immediately to contact the professors. There will be no exceptions to this rule on all course work, both written and oral. Consult a reputable source as to how correctly cite references both in text and on final reference pages.

Lectures:

Class Web

Page:

www.bba.edu.rs

Students will be in position to use web-site in order to access copies of power point slides and other materials to be covered in the class lectures and will be supplemented with course texts materials.

Textbooks:

Krugman, Obstfeld, Melitz, International Economics: Theory and Policy, ninth edition, Addition-Wesley, Pearson edition

Alan C. Shapiro-Atulya Sarin (2009), Foundations of Multinational Financial Management, Sixth Edition, John Wiley & Sons, Inc.

(from now on Shapiro ’09).

Suggested additional reading:

Journals, newspaper and periodicals: Financial Analysts, Journal of Finance, Fortune, Forbes, Wall Street Journal, Economist, Herald Tribune, Financial Times and other

.

Course structure:

21. Assigned reading: These should be done prior to class and will be used in class.

22. Case study: Each group (team) of students will be expected to prepare and to present at least one case study on selected specific financial technology issue.

23. Mid-term Exam: It will cover materials presented in the course outline (lessons 1-10). The exam consists of open end questions and multiple choice questions. Open end questions will be awarded a greater weight than the multiple choice questions. 

24. Final Exam:. It will cover materials presented in the course outline (lessons 13-28). The exam consists of open end questions and multiple choice questions. Open end questions will be awarded a greater weight than the multiple choice questions. 

Course Workload:

 Lectures                                               30 hours

Case study preparation                         20 hours

Research and exam preparation           50 hours

Total                                                   100 hours

Grade Components:

Mid-term exam……………………………………..           ……………….20%

Case analysis and presentation………………………………………25%

Class attendance and case discussion contribution………………….15%

Final exam……………………..…………………………………… 40%

Total…………………………..……………………………….…. 100%

All students seeking any form of special consideration during teaching semesters should deal directly with the Professor. All dates will be confirmed by the Professor

Prerequisite:

None

Instructor:

Mališa Đukić, PhD, Belgrade Banking Academy, Belgrade; Tel: 00381 11 2621 730; Fax: 00381 11 26 31 926; E-mail: malisa.djukic@bba.edu.rs 

Office Hours:

Wednesday, from 16h till 17h

Objectives:

Portfolio management course covers modern investment and portfolio theory for investment selection and management. Modern theory includes the examination of asset pricing models and efficient market hypotheses. Portfolio management strategies for both equity and bonds are explained throughout the course. For tracking the portfolio performance, a variety of measurements are presented.

After completing this course, students will be able to explain and apply concepts of investing in securities and portfolio management. They will be able to analyze and interpret financial data and demonstrate knowledge of portfolio management strategies.

Teaching methods:

The course will be delivered through using a variety of teaching methods including lectures, class discussion, team work, case study preparation, project creation, etc. 

Students’ responsibility:

Students are expected to read proposed chapter of the textbook prior to discussing it in class. They will need to be prepared to ask and answer questions from the text on the scheduled date. Interaction in class will be highly appreciated. By lesson # 1, groups of students will be formed and they will be responsible for preparing a report on proposed cases and issues by the due date. It will be to the student’s advantage to use Internet and the vast resources available in the BBA/IES and SAA. Their libraries will be at their disposal to get the necessary information. Updated books, selected business magazines and a vast array of databases will complement what is going to be learned through lectures, reading and teamwork.

Rules of Conduct:

Students are expected to comply with the class schedule. Professor need to be timely informed in the case of any extraordinary circumstances that may occasionally inhibit student from respecting this policy. The cell phones need to be switched off before class begins. During class it is expected that personal conversations will be at a minimum so neither students, speakers, nor professor are distracted. Student cooperation is expected and appreciated. Communication should be open, friendly with a lot of enthusiasm.

Academic integrity:

The students are expected to conduct in accordance with the higher academic standards: cheating or plagiarism in any form is completely unacceptable and is grounds for failure and dismissal from the course. If there is any doubt as to whether or not your actions constitute cheating or plagiarizing, the students need immediately to contact the professors. There will be no exceptions to this rule on all course work, both written and oral.

Class Web

Page:

http://www.bba.edu.rs/

Students will be in position to use the website in order to access PowerPoint slides and other material to be covered in the class lectures.

Textbooks:

–    Frank K. Reilly and Keith C. Brown, Investment Analyses and Portfolio Management, 10th edition, South-Western, 2012

Additional textbooks:

–    Eugene F. Brigham i Joel F. Houston, Fundamentals of Financial Management, 10th edition, Thomson, 2004

–    Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto and David E. Runkle, Quantitative Methods for Investment Analyses, 2nd edition, CFA Institute, 2004

–    Standards of practice Handbook, 9th edition, CFA Institute, 2005

–    White, J., Sondhy, A., Fried, D., The analyses and use of financial statements, 3rd edition, Wiley, 2003

Selected additional reading:

EU directives:

–    Investment services and regulated markets – Markets in financial instruments directive (MiFID)

–    EU legislation on securities: https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-markets/securities-markets/investment-services-and-regulated-markets-markets-financial-instruments-directive-mifid_en

Course structure:

25. Assigned reading and problems: These should be done prior to class (see outline) and will be used in class.

26. Essay: Each Student will be responsible for writing an essay (5-6 pages) and to share it with the class. He/she will be expected to prepare one-page summary of the essay, distribute it to the class and lead a 5-minute discussion on its content and findings. 

27. Case study: each group of students will be responsible for presenting at least one case study on given literature for specific problems of portfolio management.

28. In-class Examination: in-class examination will be given during the semester. This examination will cover material presented in the course from the beginning through the mid of the course (5 topics) and its duration will be one or two hours.

29. Final Examination: The final examination will be required from students; it will be performed within 2-hours period of time.

Course Workload:

Lectures                     20 hours

Essay preparation      15 hours

Case study                  25 hours

Exam preparation      20 hours

Total                           80 hours

Grade Components:

Mid-term exam          20%

Essay                          15%

Case study                  25%

Class Participation     10%

Final examination      30%

Total                         100%

All students seeking any form of special consideration during teaching semesters should deal directly with the Professor. All dates will be confirmed by the Professor.

Prerequisite:

None

Instructors:

-Assistant Professor Boris Korenak, Ph.D., Belgrade Banking Academy, Belgrade; Tel: +381-11- 263 44 21; Fax: +381 (11) 26 31 926; e-mail: boris.korenak@bba.edu.rs

Office Hours:

Wednesday, 6-7 PM; Dealing room

Objectives:

The „Stock Exchange Operations“ course starts with the Market Organization and Structure introduction topic that aims to provide a thorough grasp of financial markets, instruments, and valuation. Part 1 covers the financial system, assets, contracts, securities, intermediaries, settlement, and positions. Part 2 explores leveraged positions, order execution, security markets, and financial system importance with regulation. The curriculum includes security market indices, market efficiency, equity securities, risk-return analysis, industry and company analysis, equity valuation methods, asset-based valuation, fixed-income securities, bond structures, markets, and asset-backed securities. Students will gain knowledge in diverse trading approaches, both technical and fundamental analysis, and the utilization of trading instruments and platforms. Overall, the course prepares students for informed decisions in finance and investment.

After completing the course, students should be able to:

·       Understand the organization and structure of financial markets, including functions, assets, and securities.

·       Comprehend the intricacies of security market indices and their applications.

·       Analyze market efficiency and its implications, considering behavioral finance factors.

·       Evaluate equity securities, their characteristics, and various valuation methods.

·       Conduct industry and company analysis, utilizing classification systems and strategic principles.

·       Apply equity valuation concepts and tools, including dividend discount models and multipliers.

·       Define fixed-income securities, indentures, and repayment structures.

·       Examine fixed-income markets, primary and secondary, and diverse bond types.

·       Perform fixed-income valuation, considering bond pricing and yield calculations.

·       Explore asset-backed securities and securitization processes in-depth.

·       Effectively use NinjaTrader trading software for technical analysis and order execution

Instructional methods:

The course will employ a diverse range of instructional methods, encompassing lectures, interactive class discussions, collaborative small group activities, and individual or group research projects (in the form of case studies). Additionally, students will gain hands-on experience by utilizing trading software within the fully equipped dealing room.

Active student engagement is fundamental to the course’s effectiveness and overall outcomes. Attendance and participation are obligatory and bear substantial weight in determining a student’s final grade.

Students’ responsibility:

Students are required to engage with the course material by reading the designated textbook chapters before the corresponding in-class discussions. This preparation should enable them to actively participate in the scheduled discussions by posing questions and contributing thoughtful responses based on the text.

Active engagement and contributions during class discussions are strongly encouraged and valued. Moreover, students will have the opportunity to collaborate in teams and utilize trading software within the Dealing Room as part of their learning experience.

Rules of Conduct:

Students are encouraged to follow the class schedule as closely as possible. In the rare event of any exceptional circumstances that might temporarily prevent adherence to the schedule, they should not hesitate to inform the professor. We value open, friendly communication and enthusiasm in our interactions.

Academic integrity:

The course maintains a commitment to academic integrity, emphasizing the importance of adhering to established standards. Any instances of cheating or plagiarism, in any form, are not in line with these principles and may have consequences.

If there is ever uncertainty about whether certain actions may inadvertently involve cheating or plagiarism, it is advisable to seek clarification from the appropriate sources. Proper citation practices are encouraged in all course work, both written and oral, and guidance on citing references can be found in reputable sources.

Lectures:

Students will have access to the course website, www.bba.edu.rs, where they can retrieve copies of PowerPoint slides and supplementary materials related to the class lectures. These resources will complement the course text materials and enhance the learning experience.

Class Web

Page:

Google Classroom – www.bba.edu.rs

Textbooks:

CFA Institute – Level I – Volume 4-5, Wiley, 2021

Source: Faculty library

Suggested additional reading:

Trading software: NinjaTrader Manual– Dealing room

Various websites: investing.com; finviz.com; nyse.com; nasdaq.com; etc.

Journals, newspaper and periodicals: Financial Analysts, Journal of Finance, Fortune, Forbes, Wall Street Journal, Economist, Herald Tribune, Financial Times and others.

Course structure:

30. Assigned reading: These should be done prior to class and will be used in class.

31. Case study: Each group (team) of students will be expected to prepare and to present at least one case study on selected specific financial management issues.

32. Mid-term Exam: It will cover materials presented in the course outline (lessons 1-10). The exam consists of open-end questions, multiple choice questions and of calculation problems. Open end questions will be awarded a greater weight than the multiple-choice questions. 

33. Final Exam:. It will cover materials presented in the course outline (lessons 13-28). The exam consists of open-end questions, multiple choice questions and of calculation problems. Open end questions will be awarded a greater weight than the multiple-choice questions. 

Course Workload:

 Lectures                                               30 hours

Case study preparation                         20 hours

Research and exam preparation           50 hours

Total                                                   100 hours

Grade Components:

Mid-term exam……………………………………..           ……………….20%

Case analysis and presentation………………………………………25%

Class attendance and case discussion contribution………………….15%

Final exam………………………………………………………..… 40%

Total………………………………………………………………. 100%

All students seeking any form of special consideration during teaching semesters should deal directly with the Professor. All dates will be confirmed by the Professor