Bachelor's (MONS) (day schedule)

		Study programme 2022-2023	Français
		Financial Theory and Analysis
		Programme component of Bachelor's (MONS) (day schedule) à la Warocqué School of Business and Economics

Code	Type	Head of UE	Department’s contact details	Teacher(s)
UW-B3-SGEGIG-002-M	Compulsory UE	CROQUET Mélanie	W751 - Finance	CROQUET Mélanie HELDENBERGH Anne

Language of instruction	Language of assessment	HT(*)	HTPE(*)	HTPS(*)	HR(*)	HD(*)	Credits	Weighting	Term
Français	Français	38	22	0	0	0	6	6.00	1st term

AA Code	Teaching Activity (AA)	HT(*)	HTPE(*)	HTPS(*)	HR(*)	HD(*)	Term	Weighting
W-FINA-001	Financial Theory and Analysis - AAEP	36	14	0	0	0	Q1
W-FINA-003	Financial Theory and Analysis - AAEHP	2	8	0	0	0	Q1

Integrated test : there will be no assessment for each AA but a single assessment for the UE.

Programme component
	UW-B2-SGEGIG-006-M Introduction to Financial Reality
	UW-B2-SGEGIG-015-M Statistics 2

Objectives of Programme's Learning Outcomes

Implement an academic view on knowledge, particularly through the mastery of methods and literature research tools.

Understand, synthesise and discuss complex information and texts on economics and management.

Actively master the fundamental concepts and models of economic sciences and management sciences

Identify and explain the concepts, principles and models of fundamental theoretical trends in economic sciences and management sciences and their applications.
Understand how organisations and markets work
Understand the methods and tools adapted to the field of economics and management

Acquire basic methodological tools necessary for scientific inquiry in the field of economics and management.

Describe the principles of methodological approaches (objectives, methods, techniques and tools) to understand and explain the functioning of organisations and markets.

Critically compare knowledge acquired to real situations.

Identify and explain the concepts, principles and models of fundamental theoretical trends in economic sciences and management sciences and their applications.

Demonstrate working and analytical rigour.

Be rigorous and independent in learning, particularly through adequate planning of activities to be undertaken in order to best utilise the time available.
Develop their scientific curiosity and open-mindedness

Learning Outcomes of UE

Understand and apply the basic knowledges in the field of the corporate finance and the finance of market

UE Content: description and pedagogical relevance

The learning activities of the EU are fully complementary and differ only in the way they are taught.

Prior Experience

see Prerequisite of learning unit

Type(s) and mode(s) of Q1 UE assessment

Written examination - Face-to-face

Q1 UE Assessment Comments

written examination (100%) (oral examination is possible)

Type(s) and mode(s) of Q1 UE resit assessment (BAB1)

N/A - Néant

Q1 UE Resit Assessment Comments (BAB1)

Not applicable

Type(s) and mode(s) of Q3 UE assessment

Written examination - Face-to-face

Q3 UE Assessment Comments

written examination (100%) (oral examination is possible)

Type of Teaching Activity/Activities

AA	Type of Teaching Activity/Activities
W-FINA-001	Cours magistraux Travaux pratiques Etudes de cas
W-FINA-003	Cours magistraux Conférences Travaux pratiques Etudes de cas

Mode of delivery

AA	Mode of delivery
W-FINA-001	Hybrid
W-FINA-003	Hybrid

Required Reading

AA	Required Reading
W-FINA-001	Note de cours - Théorie et analyse financières - A. HELDENBERGH, M. CROQUET, L. CULTRERA, L. POZNIAK
W-FINA-003

Required Learning Resources/Tools

AA	Required Learning Resources/Tools
W-FINA-001	Yann Le Fur, Pascal Quiry et al. (2020), "Finance d'entreprise 2020", 19ème édition, Dalloz, 1200 pages Richard Brealey, Stewart Myers & Franklin Allen (2019), "Principles of Corporate Finance, Mc Graw-Hill Education, 13th Edition, 994 pages. Roland Gillet & Georges Hubner (2019), "La gestion de portefeuille. Instruments, stratégie et performance", 3ème édition, De Boeck Supérieur, Etude (Broché), 576 pages Pascal Alphonse, Gerard Desmuliers, Pascal Grandin & Michel Levasseur (2017), "Gestion de portefeuille et marchés financiers", Pearson Education, 2ème édition, 640 pages.
W-FINA-003	Yann Le Fur, Pascal Quiry et al. (2020), "Finance d'entreprise 2020", 19ème édition, Dalloz, 1200 pages Richard Brealey, Stewart Myers & Franklin Allen (2019), "Principles of Corporate Finance, Mc Graw-Hill Education, 13th Edition, 994 pages. Roland Gillet & Georges Hubner (2019), "La gestion de portefeuille. Instruments, stratégie et performance", 3ème édition, De Boeck Supérieur, Etude (Broché), 576 pages Pascal Alphonse, Gerard Desmuliers, Pascal Grandin & Michel Levasseur (2017), "Gestion de portefeuille et marchés financiers", Pearson Education, 2ème édition, 640 pages.

W-FINA-001

Yann Le Fur, Pascal Quiry et al. (2020), "Finance d'entreprise 2020", 19ème édition, Dalloz, 1200 pages
Richard Brealey, Stewart Myers & Franklin Allen (2019), "Principles of Corporate Finance, Mc Graw-Hill Education, 13th Edition, 994 pages.
Roland Gillet & Georges Hubner (2019), "La gestion de portefeuille. Instruments, stratégie et performance", 3ème édition, De Boeck Supérieur, Etude (Broché), 576 pages
Pascal Alphonse, Gerard Desmuliers, Pascal Grandin & Michel Levasseur (2017), "Gestion de portefeuille et marchés financiers", Pearson Education, 2ème édition, 640 pages.

W-FINA-003

Recommended Learning Resources/Tools

AA	Recommended Learning Resources/Tools
W-FINA-001	Alchian A. & Demsetz H.(1972), " Production, Information Costs, and Economic Organization ", American Economic Review, vol. 62, n° 5. Berle A. & Means, G. (1932), "", New York, Macmillan, 1932 Coase R. (1937), "The Nature of the Firm", Economica, 4(16), p.386-405. Jensen M.C. & Meckling W.H., " Theories of the Firm : Managerial Behaviour, Agency Costs, and Ownership Structure ", Journal of Financial Economics, vol. 3, n° 4, octobre 1976 Kahneman D. & Tversky A. (1979), "Prospect Theory : An analysis of Decision Under Risk", Econometrica, 47, pp.263-291 Lintner J. (1965), "The Valuation of Risk Assets and Selection of Risky Investments in Stock Portfolios and Capital Budgets ", Review of Economics and Statistics, Vol.47, pp.13-37. Markowitz H. (1952), "Portfolio Selection ", Journal of Finance, vol. 7, mars, pp. 77-91. Mossin J. (1966), "Equilibrium in a Capital Market", Econometrica, Vol.34, pp.768-783 Sharpe W.F. (1963), "A Simplified Model for Portfolio Analysis", Management Science, janvier, 277-293 Sharpe W.F. (1964), "Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk ", Journal of Finance, vol.19, n°3, pp.425-442
W-FINA-003	Alchian A. & Demsetz H.(1972), " Production, Information Costs, and Economic Organization ", American Economic Review, vol. 62, n° 5. Berle A. & Means, G. (1932), "", New York, Macmillan, 1932 Coase R. (1937), "The Nature of the Firm", Economica, 4(16), p.386-405. Jensen M.C. & Meckling W.H., " Theories of the Firm : Managerial Behaviour, Agency Costs, and Ownership Structure ", Journal of Financial Economics, vol. 3, n° 4, octobre 1976 Kahneman D. & Tversky A. (1979), "Prospect Theory : An analysis of Decision Under Risk", Econometrica, 47, pp.263-291 Lintner J. (1965), "The Valuation of Risk Assets and Selection of Risky Investments in Stock Portfolios and Capital Budgets ", Review of Economics and Statistics, Vol.47, pp.13-37. Markowitz H. (1952), "Portfolio Selection ", Journal of Finance, vol. 7, mars, pp. 77-91. Mossin J. (1966), "Equilibrium in a Capital Market", Econometrica, Vol.34, pp.768-783 Sharpe W.F. (1963), "A Simplified Model for Portfolio Analysis", Management Science, janvier, 277-293 Sharpe W.F. (1964), "Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk ", Journal of Finance, vol.19, n°3, pp.425-442

W-FINA-001

Alchian A. & Demsetz H.(1972), " Production, Information Costs, and Economic Organization ", American Economic Review, vol. 62, n° 5.
Berle A. & Means, G. (1932), "", New York, Macmillan, 1932
Coase R. (1937), "The Nature of the Firm", Economica, 4(16), p.386-405.
Jensen M.C. & Meckling W.H., " Theories of the Firm : Managerial Behaviour, Agency Costs, and Ownership Structure ", Journal of Financial Economics, vol. 3, n° 4, octobre 1976
Kahneman D. & Tversky A. (1979), "Prospect Theory : An analysis of Decision Under Risk", Econometrica, 47, pp.263-291
Lintner J. (1965), "The Valuation of Risk Assets and Selection of Risky Investments in Stock Portfolios and Capital Budgets ", Review of Economics and Statistics, Vol.47, pp.13-37.
Markowitz H. (1952), "Portfolio Selection ", Journal of Finance, vol. 7, mars, pp. 77-91.
Mossin J. (1966), "Equilibrium in a Capital Market", Econometrica, Vol.34, pp.768-783
Sharpe W.F. (1963), "A Simplified Model for Portfolio Analysis", Management Science, janvier, 277-293
Sharpe W.F. (1964), "Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk ", Journal of Finance, vol.19, n°3, pp.425-442

W-FINA-003