Diplomatura en Ciències Empresarials (3011)

Economia Financera II(10114) 

Tema 1. Asset pricing

• 1.1. Decisions under uncertainly.
• 1.2. Equilibrium valuation.
• 1.3. Arbitrage valuation.

Tema 2. Financial derivatives: Concepts and valuation

2.1.Futures markets.

• (a) Description of futures markets and futures contracts.
• (b) Equilibrium in futures markets.
• (c) Arbitrage in futures markets.
• (d) Hedging with futures contracts.

 

2.2. Options markets.

• (a) Description of options markets and options contracts.
• (b) Valuation by arbitrage: the Cox-Ross-Rubinstein model.

Tema 3. Topics in corporate policy

• 3.1. Capital structure.
• 3.2. Dividend policy.

Bibliografia

BLACK, F. The dividend puzzle. The Journal of Portfolio Management, 1976. P. 5-8.

BREALEY, R.; MYERS, S. Principles of Corporate Finance. New York: McGraw Hill, 1991.

COPELAND, T.; WESTON, F. Financial Theory and Corporate policy. Massachusetts: Addison-Wesley, 1988.

COX, J.; RUBINSTEIN, M. Options markets. Englewood Cliffs: Prentice-Hall, 1985.

DUFFIE, D. Futures Markets. Englewood Cliffs: Pentice-Hall, 1990.

FERNÁNDEZ, P. Opciones y valoración de instrumentos financieros. Madrid: Deusto DL, 1991.

FREIXAS, X. Futuros financieros. Madrid: Alianza Editorial, 1990.

HUANG, C.; LITZENBERGER, R. Foundations for Financial Economics. Englewood Cliffs: Pentice-Hall, 1988.

INGERSOLL, J.E. Theory of Dinancieal Decision Making. Savage: Rowman & Littlefield Publishers, 1987.

KOLB, R.W. Understanding Futures Markets. New York: New York Institute of Finance, 1991.

STRONG, N.; WALKER M. Information and Capital Markets. Oxford: Basic Blackwell, 1987.