Guías Docentes Electrónicas
1. General information
ECTS credits:
Academic year:
First quarter
Main language:
Second language:
Use of additional languages:
English Friendly:
Web site:
Lecturer: CARLOS ESPARCIA SANCHIS - Group(s): 12 
Phone number
Office hours
Ftad. CC.EE. y Emp./Despacho:3.19
It will be announced in Moodle

2. Pre-Requisites

No prerequisites have been established. However, it is advisable to have knowledge of financial mathematics, investment and financial management

3. Justification in the curriculum, relation to other subjects and to the profession

The aim of this course is to provide students with the basic knowledge regarding short and long term financial planning and financial management of the company from derivative instruments. The course deals with the issue of managing current assets and liabilities and developing a financial plan, as well as describing and analysing the most common derivative assets, their pricing and their use in hedging, arbitrage and speculation operations. 

This elective course is included in the Economic-Financial and Fiscal Management mention, in which the aim is to provide the student with a practical overview of subjects related to the accounting, financial and fiscal environment of the company and other financial and brokerage institutions. The concepts developed in this course are fundamental for the financial management of private companies, especially credit institutions, as well as public and private entities. Furthermore, the notions learned in this course are basic for the construction of institutional portfolios, especially investment and pension funds, fixed income and equity. 

4. Degree competences achieved in this course
Course competences
Code Description
E01 Develop the ability to manage and run a company or organization, understand their competitive and institutional position, and identify their strengths and weaknesses.
E03 Develop and enhance the ability to establish the planning and organization of any task in a company with the ultimate goal of helping make business decisions.
E05 Develop the ability to analyze any information on the situation and possible development of a company and transform it into a business opportunity.
E08 Ability to produce financial information, relevant to the decision-making process.
E09 Ability to carry out a financial evaluation of the different assets of a company at different points in time and at different levels of risk.
G01 Possession of the skills needed for continuous, self-led, independent learning, which will allow students to develop the learning abilities needed to undertake further study with a high degree of independence.
G03 Develop oral and written communication skills in order to prepare reports, research projects and business projects and defend them before any commission or group of professionals (specialised or non-specialised) in more than one language, by collecting relevant evidence and interpreting it appropriately so as to reach conclusions.
G04 Ability to use and develop information and communication technologies and to apply them to the corresponding business department by using specific programmes for these business areas.
5. Objectives or Learning Outcomes
Course learning outcomes
To apply the quantitative analysis of the company and its environment.
Search for information in order to analyze it, interpret is meaning, synthesize it and communicate it to others.
Know the exchange of economic resources over time between individuals, companies and financial institutions, which involves the analysis of investment decisions and financing in the company, the theory of portfolios, the valuation of assets and the functioning of the financial markets.
Know the analytical models and techniques of the economic and legal environment currently faced by enterprises, with special attention given to the search for opportunities and the anticipation of potential changes.
Additional outcomes
- Understand the importance of financial markets.
- Understand the trading of basic derivative securities.
- Be familiar with the main features of the financial options and futures markets
- Know the benefits and potential drawbacks of trading financial derivatives.
- Pricing basic and complex derivative assets based on different approaches
- Understand the application of financial derivatives as a hedging and/or speculative instrument
6. Units / Contents
  • Unit 1: Management of current assets and liabilities
  • Unit 2: Short- and long-term financial management
  • Unit 3: Financial options and futures markets
  • Unit 4: Pricing, hedging and speculation with financial derivatives
7. Activities, Units/Modules and Methodology
Training Activity Methodology Related Competences ECTS Hours As Com R Description *
Class Attendance (theory) [ON-SITE] Lectures E01 E03 E05 E08 E09 0.8 20 N N N
Class Attendance (practical) [ON-SITE] Problem solving and exercises E08 G01 G04 0.4 10 N N N
Problem solving and/or case studies [ON-SITE] Combination of methods E08 G01 G04 0.3 7.5 Y N N
Study and Exam Preparation [OFF-SITE] Self-study E01 E03 E05 E08 E09 2.2 55 N N N
Other off-site activity [OFF-SITE] Practical or hands-on activities G01 G03 0.7 17.5 Y Y Y
Final test [ON-SITE] Assessment tests G01 G03 G04 0.1 2.5 Y Y Y
Total: 4.5 112.5
Total credits of in-class work: 1.6 Total class time hours: 40
Total credits of out of class work: 2.9 Total hours of out of class work: 72.5

As: Assessable training activity
Com: Training activity of compulsory overcoming
R: Rescheduling training activity

8. Evaluation criteria and Grading System
  Grading System  
Evaluation System Face-to-Face Self-Study Student Description
Final test 70.00% 0.00%
Other methods of assessment 30.00% 0.00%
Total: 100.00% 0.00%  

Evaluation criteria for the final exam:
1.- Regular assessment of exercises
2.- Evaluation by objective test in which students prove their understanding of theoretical concepts and the capability to analyze and solve practical problems.
3.- In this test, at least 50 % of the maximum score (5 out of 10) must be obtained.
Specifications for the resit/retake exam:
Same criteria as those applied for the ordinary call.
Specifications for the second resit / retake exam:
Evaluation criteria not defined
9. Assignments, course calendar and important dates
Not related to the syllabus/contents
Hours hours
Class Attendance (theory) [PRESENCIAL][Lectures] 20
Class Attendance (practical) [PRESENCIAL][Problem solving and exercises] 10
Problem solving and/or case studies [PRESENCIAL][Combination of methods] 7.5
Study and Exam Preparation [AUTÓNOMA][Self-study] 55
Other off-site activity [AUTÓNOMA][Practical or hands-on activities] 17.5
Final test [PRESENCIAL][Assessment tests] 2.5

Global activity
Activities hours
10. Bibliography and Sources
Author(s) Title Book/Journal Citv Publishing house ISBN Year Description Link Catálogo biblioteca
Brealey, Richard A. Fundamentos de finanzas corporativas Mac Graw Hill 9788448197766 2014 Ficha de la biblioteca
Díez de Castro, Luis Tomás Dirección financiera : planificación, gestión y control Prentice-Hall 84-205-3066-2 2001 Ficha de la biblioteca
Hull, John (1946-) Risk management and financial institutions Prentice 978-1-119-44811-2 2018 Ficha de la biblioteca
Hull, John (1946-) Fundamentals of Futures and Options Markets Pearson 978-0-13-509517-1 2011 Ficha de la biblioteca
Hull, John (1946-) Introducción a los mercados de futuros y opciones Pearson 9786073222693 2015 Ficha de la biblioteca
Martín Marín, José Luis Manual de mercados financieros Thomson 84-9732-326-2 2004 Ficha de la biblioteca
Pisón Fernández., Irene Dirección y gestión financiera de la empresa Pirámide 84-368-1548-3 2001 Ficha de la biblioteca

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