The Role of Global Capital Markets

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Description

About this course: In this course, participants will learn about how different markets around the world can interact to create value for, and effectively manage the risk of, corporations and their stakeholders. This is part of a Specialization in corporate finance created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon). View the MOOC promotional video here: http://tinyurl.com/j7wyowo

Who is this class for: Learners who wish to understand the different components of global financial markets and the role markets play in the efficient allocation of capital. This course also introduces the major participants in capital markets and describes r…

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When you enroll for courses through Coursera you get to choose for a paid plan or for a free plan

  • Free plan: No certicification and/or audit only. You will have access to all course materials except graded items.
  • Paid plan: Commit to earning a Certificate—it's a trusted, shareable way to showcase your new skills.

About this course: In this course, participants will learn about how different markets around the world can interact to create value for, and effectively manage the risk of, corporations and their stakeholders. This is part of a Specialization in corporate finance created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon). View the MOOC promotional video here: http://tinyurl.com/j7wyowo

Who is this class for: Learners who wish to understand the different components of global financial markets and the role markets play in the efficient allocation of capital. This course also introduces the major participants in capital markets and describes risks to the efficient operation of markets, including findings from recent global financial crises.

Created by:  The University of Melbourne
  • Taught by:  Paul Kofman, Dean, Faculty of Business and Economics

    Sidney Myer Chair of Commerce
  • Taught by:  Sean Pinder, Associate Professor

    Faculty of Business and Economics
Basic Info Course 2 of 5 in the Essentials of Corporate Finance Specialization Commitment 4-6 hours/week Language English How To Pass Pass all graded assignments to complete the course. User Ratings 4.6 stars Average User Rating 4.6See what learners said Coursework

Each course is like an interactive textbook, featuring pre-recorded videos, quizzes and projects.

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The University of Melbourne The University of Melbourne is an internationally recognised research intensive University with a strong tradition of excellence in teaching, research, and community engagement. Established in 1853, it is Australia's second oldest University.

Syllabus


WEEK 1


An Introduction to Key Global Markets



We begin this course by exploring the importance of the financial market environment on corporate financial decision-making. Using the example of Kellogg’s, we cover the key financial markets that are reflected in the company’s financial statements. We briefly introduce their key functions and features in providing flow of funds, price discovery and risk management.


7 videos, 7 readings, 1 practice quiz expand


  1. Video: The Role of Global Capital Markets - Overview
  2. Reading: Course Syllabus
  3. Reading: Your Teaching Team
  4. Reading: Week 1 Outline
  5. Reading: Start of Course Survey
  6. Video: 1.0 Welcome and Introduction (Getting organized)
  7. Video: 1.1 The Equity Market (Where the company owners meet…)
  8. Video: 1.2 The Debt market (Where the company lenders meet…)
  9. Video: 1.3 The Foreign Exchange Market (No company is an island…)
  10. Video: 1.4 The Commodity Market (Where real assets are traded…)
  11. Video: 1.5 The Derivatives Market (Where business risks can be traded…)
  12. Practice Quiz: Week 1 Practice Quiz - This quiz does not contribute to your final grade
  13. Reading: Resources
  14. Reading: Social Media
  15. Reading: Study Tools and Tips

Graded: Week 1 Graded Quiz - This quiz contributes 10% towards your final grade

WEEK 2


Market Functions and the Key Players



This week we discuss the value added by financial markets to corporate development and economic growth. We cover the key roles of price discovery, flow of funds, efficient capital allocation, portfolio diversification and corporate governance. Introducing the influential participants in financial markets, we discuss how they contribute to the efficiency of those markets. We stress the important empirical result that countries with more developed and efficient financial markets experience faster economic growth and development.


8 videos, 1 reading, 1 practice quiz expand


  1. Reading: Week 2 Outline
  2. Video: 2.0 Markets and Value Creation (What have those markets done for us?)
  3. Video: 2.1 Flow of Funds (Access to finance keeps companies afloat)
  4. Video: 2.2 Price Discovery and Fair Value (A level playing field)
  5. Video: 2.3 Competition for Funds (Optimally allocating scarce funds)
  6. Video: 2.4 Portfolio Diversification (Sharing the risks)
  7. Video: 2.5 Principal Players (What does it take for the market to succeed?)
  8. Practice Quiz: Week 2 Practice Quiz - This quiz does not contribute to your final grade
  9. Video: Mid Course Check-in
  10. Video: A View from Industry with BNY Mellon

Graded: Week 2 Graded Quiz - This quiz contributes 10% towards your final grade

WEEK 3


Opportunities and Constraints in Global Markets



In week 3 we discuss the limits to economic growth imposed by imperfections and inefficiencies in global financial markets. The need for liquidity (and the impact of a lack of liquidity) to guarantee efficient markets has been evident in the recent financial crisis. We also discuss the necessary trust in, and integrity of financial markets. Governments, regulators and rating agencies fulfil an important role to secure trust in the fairness and integrity of markets, but there is also a strong incentive for self regulation of markets.


5 videos, 1 reading, 1 practice quiz expand


  1. Reading: Week 3 Outline
  2. Video: 3.0 Financing Opportunities and Constraints (Limits to growth)
  3. Video: 3.1 Liquidity Crises (When prices go stale)
  4. Video: 3.2 Fairness, Integrity and Transparency (Trust)
  5. Video: 3.3 Market Discipline (To keep companies honest)
  6. Video: 3.4 Rating Agencies (A company quality assessment)
  7. Practice Quiz: Week 3 Practice Quiz - This quiz does not contribute to your final grade

Graded: Week 3 Graded Quiz - This quiz contributes 10% towards your final grade

WEEK 4


Identifying Links Between Global Markets



In the final week of this course we focus our discussion on the interrelatedness of (global) financial markets. What happens on the New York Stock Exchange affects equity markets worldwide, and a crash in the commodity market may trigger a sharp depreciation in a currency on the foreign exchange market. We discuss how this “web” of capital markets contributed to the Global Financial Crisis, and what the future holds for financial markets.


6 videos, 4 readings, 1 practice quiz expand


  1. Reading: Week 4 Outline
  2. Video: 4.0 The Links Between Global Markets (Contagion and spillover)
  3. Video: 4.1 Market Linkages (All prices are connected)
  4. Video: 4.2 Globalization (Finance knows no borders)
  5. Video: 4.3 A Global Financial Crisis (Were the markets to blame?)
  6. Video: 4.4 The Future of Financial Markets (For better or worse…)
  7. Video: 4.5 A Summary (Now you know the markets)
  8. Practice Quiz: Week 4 Practice Quiz - This quiz does not contribute to your final grade
  9. Reading: Academic Integrity
  10. Reading: Where to From Here? The Next Step.
  11. Reading: End of Course Survey

Graded: Week 4 Graded Quiz - This quiz contributes 10% towards your final grade
Graded: Course Final Exam - This quiz contributes 40% towards your final grade
Graded: The Role of Global Capital Markets - This contributes 20% towards your final grade

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