Semester 1
Code MMUCA111
ECTS 3.00
Delivery mode On campus
Lecture Hours 15.00
Personal work hours 55.00
Tutorial Hours 7.50
Teaching Language English
Pedagogical objectives
- explain the main functions of financial markets
- list the main financial markets and market participants
- describe how markets, banks and insurance companies are regulated
- explain the process of trading in financial markets (limit order book, fixed income markets)
- calculate the value of the main fixed income instruments such as bonds, repo agreements, commercial papers, foreign exchange
- synthesize information and make focused presentation
- work effectively in a group
Code MMUCA108
ECTS 6.00
Delivery mode On campus
Lecture Hours 30.00
Personal work hours 105.00
Tutorial Hours 15.00
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- Describe the characteristics of different forms of external finance and of the intermediaries that offer them,
- Understand the basic determinants of capital structure and apply these principles to evaluate financial operations,
- Appraise implications of capital structure choices for taxes and financial distress,
- Describe agency problems arising in corporations,
- Discuss the merits of corporate social responsibility,
- Appraise how financial decisions contribute to the objectives of the firm.
Code MMUCA103
ECTS 6.00
Delivery mode On campus
Lecture Hours 30.00
Tutorial Hours 15.00
Code MMMCA101
ECTS 3.00
Delivery mode On campus
Lecture Hours 15.00
Personal work hours 52.50
Tutorial Hours 7.50
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- explain the main features of multivariate functions
- solve simple problems of constrained optimization
- utilize optimization methods in selected finance applications
Prerequisite
Basic mathematical calculus, including derivatives of functions of one variable, maximization/minimization of a function of one variable, solution of systems of linear equations
Code MMMCA102
ECTS 3.00
Delivery mode On campus
Lecture Hours 15.00
Personal work hours 52.50
Tutorial Hours 7.50
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- describe the concept of probability and stochastic variable
- compute the main moments of stochastic variables
- utilize probability theory in selected finance applications
Prerequisite
Basic mathematical calculus, including derivative and integration.
Code MMUCA104
ECTS 6.00
Delivery mode On campus
Lecture Hours 30.00
Personal work hours 105.00
Tutorial Hours 15.00
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- describe the economic foundations for decision making in finance, notably the appreciation of risk
- explain the economic methodology used to analyze situations of strategic interaction (game theory)
- solve simple problems of strategic interaction
- appraise how firms interact strategically in product markets
Prerequisite
Basic mathematical knowledge (basic algebra, derivatives)
Code MMUCA110
ECTS 3.00
Delivery mode On campus
Lecture Hours 15.00
Personal work hours 78.50
Tutorial Hours 7.50
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- explain the main accounting principles and mechanisms
- outline the steps to create financial statements: balance sheet and profit and loss account
- describe and apply some basic international accounting standards
- present the criteria choose to invest or not in an investment project
Prerequisite
General accounting background is better but not obligatory.
Code MMUCA112
ECTS 4.00
Delivery mode On campus
Tutorial Hours 30.00
Code MMMCA105
ECTS 2.00
Delivery mode On campus
Tutorial Hours 15.00
Teaching Language English
Pedagogical objectives
At the end of this course, students will be able to:
- Use basic and intermediate Excel functions to organize and analyze financial data.
- Perform simple data cleaning and transformations using Power Query.
- Build basic dashboards and visual reports in Power BI.
- Understand the principles of clear data presentation and storytelling.
- Gain confidence working with datasets and digital reporting tools.
Prerequisite
Basic familiarity with Excel (entering data, simple formulas) recommended
No prior experience with Power BI or Power Query required
Code MMMCA106
ECTS 2.00
Delivery mode On campus
Tutorial Hours 15.00
Teaching Language English
Code MMUCA109
ECTS 2.00
Delivery mode On campus
Tutorial Hours 9.00
Teaching Language English
Pedagogical objectives
The purpose of these workshops is not only to cover technical aspects, but also to enable students to gain a sense of perspective by taking on the role of recruiter and understanding the recruitment process.
The workshops also enable students from other countries to understand how recruitment works, what goes into an application file, and to identify the corporate culture and tools required to find an internship.
Semester 2
Code MMUCA208
ECTS 6.00
Delivery mode On campus
Lecture Hours 30.00
Personal work hours 110.00
Tutorial Hours 15.00
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- recognize different types of financial assets
- discuss the characteristics and pay-offs of the financial assets
- explain the risk/return trade-off of investment strategies
- describe the benefit of diversification of holding a portfolio of assets
- list the factors which can affect asset prices
- compute the value of financial assets using traditional asset pricing models
- synthesize information and present the results in a written form
- work effectively in a group
Prerequisite
- Basic economic knowledge knowledge (utility function)
- Basics in mathematics and probability (constrained maximization, linear algebra and probability)
Code MMUCA209
ECTS 6.00
Delivery mode On campus
Lecture Hours 30.00
Personal work hours 105.00
Tutorial Hours 15.00
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- calculate the fair price of a financial instrument
- identify appropriate financial criteria for investment decisions
- integrate risk into the cost of capital
- recognize key financial indicators from financial statements
- perform corporate valuation based on discounted cashflows
- reconcile the book and market value of equity
- calculate price-earnings ratios
Prerequisite
Fundamentals of Accounting; Probability basics, Intermediate Calculus.
Code MMUCA203
ECTS 6.00
Delivery mode On campus
Lecture Hours 30.00
Personal work hours 120.00
Tutorial Hours 15.00
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- describe the statistical properties of the OLS estimator
- design a formal econometric test based on an economic argument
- estimate simple statistical tests of hypothesis
- use statistical packages to estimate econometric models
- deduct an economic and statistical interpretation of a regression output
- search, review and organise financial and economic data
- practice analytical capacity through case studies / projects
- communicate effectively in oral and written form
- display respectful teamwork with collaborative digital tools
Prerequisite
- Basic knowledge in finance: returns, market efficiency, CAPM, APT, ESG, CSR, dividend, stock repurchase, IPO, earnings announcement
- Basic knowledge in statistics: student and normal distributions, hypothesis testing (t-test, F-test, p-value), confidence intervals, type I and type II errors, degree of freedom, skewness, kurtosis, functions (polynomial, exponential, logarithms)
- Basic knowledge in probability: variance, standard deviation, covariance, correlation, conditional expectation and variance, random variable, central limit theorem, cumulative density function
- To participate fully and to complete the course successfully, you must ensure you have a computer with reliable access to an Internet connection, having a GitHub account, and access to Google Workspace, RStudio and GitHub Copilot
Code MMUCA212
ECTS 3.00
Delivery mode On campus
Lecture Hours 15.00
Personal work hours 67.50
Tutorial Hours 7.50
Teaching Language English
Pedagogical objectives
By the end of this course, students should be able to:
- explain what are derivative instruments
- explain how these derivative instruments may be used to manage risks or design directional strategies
- price simple forward contracts on financial assets by arbitrage
- price a European call or put option in the binomial model of Cox-Ross-Rubinstein
- use Black Merton Scholes formula to price a European call or put option
- communicate effectively in oral form
- work effectively in a group
Prerequisite
This course is a technical course. Students are expected to have a minimum preparation in probability theory (random variables, expectation, conditional expectation, binomial distribution, normal distribution) and statistics.
Code MMUCA213
ECTS 3.00
Delivery mode On campus
Tutorial Hours 30.00
Code MMMCA206
ECTS 1.50
Delivery mode On campus
Personal work hours 45.00
Tutorial Hours 15.00
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- design an algorithm using a graphical formalism
- implement an algorithm in VBA, following basic best programming practices
- modify and debug an existing program using the VBA editor and debugger
- develop a simple Excel VBA program using simple interactions with the Excel Object Model
Code MMMCA207
ECTS 1.50
Delivery mode On campus
Tutorial Hours 15.00
Teaching Language English
Pedagogical objectives
After this training, students should be able to:
- explain the main concepts of an ERP and discuss its opportunities and challenges
- describe how typical business processes are supported in SAP ERP
- understand integration between components
- navigate in the SAP Fiori user interface of SAP S/4HANA
- execute transactions for different business processes
- use Stories in SAP Analytics Cloud
- synthesize information and present the results in a written form
- work effectively in team
Prerequisite
Basic knowledge in financial and management accounting
Basic knowledge in information technology
Code MMUCA205
ECTS 3.00
Delivery mode On campus
Personal work hours 40.00
Tutorial Hours 41.00
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- define the objectives of a project and define the milestones to achieve the objectives
- plan and use adequate methods to conduct qualified tasks in given frameworks
- interpret analysis results and make recommendations with valid justifications for actions
- build team spirit, presentation and technical writing skills
- respect and integrate the opinion of others
- communicate effectively in a well-structured manner and build up an open minded attitude
Prerequisite
Basic finance knowledge studied in Asset pricing, Corporate finance, Econometrics, Accounting
Code MMUCA211
ECTS 2.00
Delivery mode Blended
Lecture Hours 12.00
Personal work hours 63.00
Tutorial Hours 4.50
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- identify research terminology
- describe ethical principles of research, ethical challenges and approval processes
- criticize the research design relevant to a specific research question
- translate academic insights into everyday language
- set up an oral presentation of a research paper
- implement self-management of a project team
Code MMUCA207
ECTS 2.00
Delivery mode On campus
Personal work hours 600.00
Teaching Language English
Pedagogical objectives
By the end of the course, students should be able to:
- integrate academic theory with practical experience in a professional field of interest)
- develop content specific and transferable skills
- synthesize information in written and oral form
Prerequisite
Completion of relevant coursework from the first year of the Master's program (M1 classes).
