Thị trường chứng khoán (SECURITIES MARKET) - CLC

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BANKING ACADEMY

FINANCE FACULTY

SECURITIES BUSINESS DIVISION

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UNIT OUTLINE (Apply for K1 – HIGH TRAINING EDUCATION)

1 Name: Stock exchange

2 Code: FIN 13A

3 Level: Undergraduate - Full time students

4 Prerequisites: Monetary theory

5 Credit: 3

6 Course Description

On successful completion of this unit students will develop knowledge of the organization and operation of securities markets, including the primary market and secondary market and also understand the trading system of stock exchange In detail, the content of the unit will cover the role, structure and operation of stock markets, instruments on stock market; Primary and secondary market; Reading & understand information on stock market

The content of the unit will cover the role, structure and operation of stock markets, instruments on stock market; Primary and secondary market; Reading & understand information

on stock market

7 Outcome standard of the unit

On completion of this unit, students must achieve:

v   An analytical framework of the role, structures & operation of stock market

v   Understanding characteristics of instruments on Stock market

v   Understanding how securities are issued on primary market

v   Understanding the trading system on secondary market

v   Understanding EMH and stock evaluation

8 Building the requirements for assessment

Outcome standards Requirements for students References

Analyzing the role,

structure & operation of

stock market

- Understanding the history of stock market

- Understanding the role, structure and operation of stock market

Financial Institutions (Viney) chapter 1

Handout

- Having knowledge of the player in the stock market

- Analyzing the globalization of the stock market

Understanding

characteristics of

instruments on Stock

market

- Understanding the features of

o   bond,

o   share,

o   derivatives

- Analyzing how the share price movement

Financial Market (Jeff Madura) chapter 7 +10 Handout

Understanding how

securities are issued on

primary market

- Understand and make differences between primary market & secondary market

- Analyzing methods of issuing bond &

share in the primary market

- Understand the Initial Public Offering

& Secondary stock offering in the primary market

Financial Institutions (Viney) p178

Handout

Understanding the

trading system on

secondary market

- Having overview of the stock exchange & OTC market

- Understanding the stock exchange transaction

- Understanding how stock transactions are executed

- Have knowledge of the regulations of stock trading

- Analyzing the operations of OTC market

Financial Market (Jeff Madura) chapter 10+12

Handout

Understanding EMH

and stock evaluation - Understand EMH

- Understanding company analysis

- Analyse stock

Hand out

9 Assessment

Total 100%

Construction plan to evaluate the outcomes standards of the unit

Outcome standards Evaluation form Form of

examination Time

Analyzing the the role, structure &

operation of stock market

Understanding characteristics of

instruments on Stock market

Understanding how securities are issued

on primary market

Exam 2 Assignment Week 16

Understanding the trading system on

secondary market

Understanding EMH and stock valuation

Synthesis of 5 outcome standards

Assessment Levels

Levels Requirements

A The student demonstrates the competencies in distinction standard, and in addition:

•   uses creative examples, possible extensions and applications of theory

•   demonstrates originality

•   makes defensible generalizations

•   draws conclusions which lend themselves to further research

B The student demonstrates the competencies in credit standard, and in addition:

•   provides evidence of analysis and critical thinking

•   demonstrates an ability to evaluate

•   develops a progressive, convincing and clear argument throughout the work

•   demonstrates selectivity and uses judgment in determining the importance of readings and ideas

•   shows evidence of wide reading and synthesis of ideas

•   utilizes additional material to supplement information provided and

•   produces writing which is of a high literacy standard; (structure, style)

C The student demonstrates the competencies in pass standard, and in addition:

•   demonstrates the understanding of concepts theories and issues

•   is able to identify strengths and weaknesses in theories/ readings and use these as a basis for evaluation

•   is able to apply information to practices/ situations

•   develops a clear argument with rationale for assumptions

•   integrates writing and demonstrates links between components

•   will rarely, if ever show evidence of original work

•   will tend to bring material to closure (tidy it up and make it fit a neat conclusion)

•   expresses him/her self concisely and clearly and exhibits relatively error free writing

•   may rely heavily on the text and assigned readings, and

•   may sometimes lapse into description rather than providing analysis and

evaluation

D The student

•   essentially demonstrates an understanding of concepts theories and issues but will tend to restate rather than evaluate

•   does not transform data in terms of structure, synthesis or application

•   relies extensively on text, or text and limited readings

•   may demonstrate coverage which is sparse in places

•   provides little or no evidence of critical analysis

•   provides little or no evidence of research

•   tends to use one limited approach

10 Time allocation

§   Lectering: 38 hours

§   Pratice and case study: 6 hours

§   Assignment: 13 hours

11 methodology

- Take 2 exams in the course

- The method of presentation is textbook review, online readings, experience, and examination Each student is required to read each chapter, work the assigned problems, and is prepared to answer questions on the material

- Students are required to attend classes according to the regulations for the course In the event

of a planned or unplanned absence due to necessary circumstances, you are expected to notify the instructor via email as quickly as possible An unexcused absence is one in which the student fails to notify the instructor and provide written documentation (if requested by the instructor)

12 Textbook

1 Madura, J, (9th Ed.) Financial Markets and Institutions, Thompson Southwestern

2 Viney, Financial Institutions

Recommended text

1   Mishkin,F S., Financial Markets and Institutions (7th Edition) , Prentice Hall, 2011

2   Kidwell, D.S., Financial Institutions, Markets, and Money , Wiley, 2011

3   Fabozzi, F J., Capital Markets: Institutions and Instruments (4th Edition), Prentice Hall,

2009

Useful WebPages

http://finance.yahoo.com/

http://www.bloomberg.com/

http://asia.wsj.com/http://www.ssc.gov.vn/

http://www.hsx.vn/

http://hnx.vn/

http://www.stockbiz.vn/

13 Contents & duration

Chapter 1

The Overview of

Stock market

Analyzing the the role, structure &

operation of stock market

1.1  History of Stock market 1.2   Definition, roles and structure of Stock market 1.3   The participation in Stock markets

1.4   Stock market regulation 1.5  Globalization of stock market

6

Chapter 2

Instruments on Stock

markets

Understanding characteristics of instruments on Stock market

2.1 Bonds 2.3 Company shares 2.4 Derivatives

6

Chapter 3

Primary market

Understanding how securities are issued on primary market

3.1 Definition, characteristics &

roles of Primary Market1

3.2 Stock offerings 3.2.1 Private Equity 3.2.2 Public Equity 3.2.3 Initial Public Offerings 3.2.4 Secondary Stock offering2 3.3 Bonds issuing

3.3.1 Treasury and Federal Agency

3.3.2 Municipal Bonds 3.3.3 Corporate Bonds

12

Chapter 4

Secondary Market

Understanding the trading system on secondary market

4.1 Definition, characteristics &

roles 4.2  Organized exchange 4.2.1   Stock Market

12

1 Financial Institutions (Viney) p178

2

Transactions 4.2.2   How stock transaction

are executed

-   Brokers

-   Specialists

-   The spread of stock transaction

-   Program trading 4.2.3   Regulation of stock

trading 4.3 Over -The - Counter market

4.3.1   Introduction on

OTC 4.3.2   Trading on OTC

Chapter 5

EMH and stock

valuation

understanding EMH &

stock valuation

5.1 EMH 5.2 Company analysis 5.3 Stock valuation

9

14 Group instructors:

1 Official instructors

1 Tran Thi Xuan Anh 0918420868 Xuananh80hvtc@yahoo.com

2 Nguyen Vu Thuc Lanh 0983031288 thuclanhnguyenvu@gmail.com

12 The process:

Time Chapters Main activities

1-6 Chapter 1: The Overview

of Stock market

1 Contents

- History of Stock market

- Definition, roles and structure of Stock market

- The participation in Stock markets

- Stock market regulation

- Globalization of stock market 2.Recommended book: Financial Institutions (Viney) chapter 1

3 Student activities: Having lectures & case study discussion

4 Assessement: attendance check 7-15 Chapter 2: Instruments on

Stock markets

1 Contents

- Common characteristics of securities

- Fixed interest securities

- Company shares

- Derivatives 2.Recommended book: Financial Market (Jeff Madura) chapter 7 +10

3 Student activities: Having lectures & case study discussion; assignment

4 Assessement: attendance check, assignment presentation

16-27 Chapter 3: Primary market 1 Content

- Definition, characteristics & roles of Primary Market

- Types of issuance:

- Initial public offering (IPO)

- Secondary stock offering

- The other types of issuance 2.Recommended book: Financial Market (Jeff Madura) chapter 7 +10

3 Student activities: Having lectures & case study discussion; assignment

4 Assessement: attendance check, assignment presentation

28-36 Chapter 4: Secondary

Market 1 Content - Definition, characteristics & roles

- Organized exchange

- Over -The - Counter market

2 Recommended book: Financial Market (Jeff Madura) chapter 7 +10

3 Student activities: Having lectures & case study discussion; assignment

4 Assessement: attendance check, assignment presentation

37-45 Chapter 5: EMH and

stock valuation

1 Content

- What is EMH?

- Testing EMH

- Company analysis & stock valuation

2 Recommended book: Hand out

3 Student activities: Having lectures & case study discussion; assignment

4 Assessement: attendance check, assignment presentation