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RSM230_Week 1_W2011 - RSM 230 Financial Markets Week 1...

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Stapleton: RSM 230 2011-1 1 RSM 230: Financial Markets Week 1 – January 10 & 13 Maureen Stapleton, CFA
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Stapleton: RSM 230 2011-1 2 Maureen Stapleton, MSc, MBA, FCSI, CFA Lecturer in Finance - Office RSM 469 Email [email protected] 25 years experience in institutional investment management - Analyst, Trader & Portfolio Manager Retired in 2005 to teach & consult Teaching experience includes: > Undergraduate, MBA & MFIN finance courses > CFA workshops Former director of Toronto CFA Society Past President of Women in Capital Markets Coach – Rotman Commerce JDC Finance Team
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Stapleton: RSM 230 2011-1 3 Getting to know YOU Index Cards to be filled in at the break Your Name Education (ie 2nd year B. Comm) Major (ie Finance, Accounting) Why are you taking RSM 230? Career Objective ? Any work experience (briefly) Do you plan to take professional courses?? (ie CSC Exam, CFA Exams )
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Stapleton: RSM 230 2011-1 4 Objective of RSM 230 “Basic Understanding of Financial Markets & Investments” An Overview of the Financial System Major parts of the financial market - Money Market < 1 year term to maturity - Capital Markets: Long term > 1 year Major financial players Individuals; “Retail or Private Client” Financial Institutions;” Institutional Market” Major financial securities Debt Equity Hybrids Derivatives ONE FINANCIAL MARKET
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Stapleton: RSM 230 2011-1 5 Goal - Learn from recent financial problems Examples: The Asset Backed Commercial Paper Fiasco “They (ABCP’s) were sold to me by Canaccord Capital and described very briefly as a safe and secure investment similar to, and as safe as, a GIC.” Key points: - GIC’s & bank accounts are insured by the federal government - Brokerage accounts & many securities are NOT insured Read articles from Globe and Mail; August 8-10 2008 - posted on Blackboard Ponzi Schemes – Read “Ponzi Fraud in Alberta” & “Ponzi Scams Star” Outright Fraud – Bernie Madoff
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Stapleton: RSM 230 2011-1 6 Relationship to Other Rotman Finance Courses Core courses RSM 332 Capital Market Theory RSM 333 Introduction to Corporate Finance Advanced topics RSM 330 Investments RSM 430 Fixed Income Securities RSM 431 Advanced Corporate Finance RSM 435 Futures and Options Markets RSM 432 Risk Management RSM 437International Financial Management
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Stapleton: RSM 230 2011-1 7 Information on RSM 230 Required Textbook: Sean Cleary, The Canadian Securities Exam: Fast Track Study Guide, 3 rd edition, John Wiley 2009. Other required readings will be posted on Blackboard Supplementary Textbooks: Frederic Mishkin and Stanley Eakins, Financial Markets and Institutions, 6th edition Pearson, NY 2009. (US) On reserve in the Rotman Library – front desk Laurence Booth and Sean Cleary, Introduction to Corporate Finance, John Wiley, 2010. (Textbook for RSM 332 & 333) ROTMAN FINANCE LAB Classes – Weeks of January 31 & March 21
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Evaluation Two problem sets 20% (due on Feb 10 and March 31) News article & summary (1.5% each) 12% Mid-Term Exam 34% (Wednesday,
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