1. Investments
András Bohák

2. Tentative schedule 09/08 – The investment landscape
09/15 – No lecture (BME Student Days)
09/22 – Credit derivatives
09/29 – No lecture (faculty day off at VIK)
10/06 – How the economic machine works?
10/13 – What is money?
10/20 – Investments / returns
10/27 – CAPM I.
11/03 – CAPM II.
11/10 – Risk management basics
11/17 – Mortgage backed securities
11/24 – No lecture (university closed)
12/01 – Quiz
12/08 – Quiz retake

3. Requirements There are 9 lectures Quiz for 60 points
You are required to participate on at least 6
Coming in late counts as 0.5
This is a non-negotiable, mandatory condition
Quiz for 60 points
Homework for 40 points
You can retake the quiz
Only the sum of the points counts

4. 0-50 points – 1 51-65 points – 2 66-80 points – 3 81-90 points - 4
Grading
0-50 points – 1
51-65 points – 2
66-80 points – 3
81-90 points - 4
91- points - 5

5. The investment universe
Marketable securities
Equities
Fixed income
Alternatives
Derivatives
Rates
Equities, commodities
Credit
Others

6. Private equity (alternative investment)
equities
Common stock
Share classes
Preferred stock
Private equity (alternative investment)

7. Fixed income GSAC Bonds Municipal bonds Bank loans
Subordinated
Covered
Secured
Callable
Convertible
Municipal bonds
Revenue
General obligation
Bank loans
Securitized products
MBS
ABS
Structured

8. Derivatives Rates Credit Equities and commodities FRA IR swap Swaption
Futures
Etc.
Credit
Next lecture
Equities and commodities
Options
Futures
Forwards
Swaps