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Syllabus 2024-25 - 11121007 - Introduction to Finance (Introducción a las finanzas)

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  • Level 1: Tutorial support sessions, materials and exams in this language
  • Level 2: Tutorial support sessions, materials, exams and seminars in this language
  • Level 3: Tutorial support sessions, materials, exams, seminars and regular lectures in this language
DEGREE: Grado en Administración y dirección de empresas
FACULTY: FACULTY OF LAW AND SOCIAL SCIENCES
ACADEMIC YEAR: 2024-25
COURSE: Introduction to Finance
SYLLABUS
1. COURSE BASIC INFORMATION
NAME: Introduction to Finance
CODE: 11121007 ACADEMIC YEAR: 2024-25
LANGUAGE: English LEVEL: 3
ECTS CREDITS: 6.0 YEAR: 1 SEMESTER: SC
2. LECTURER BASIC INFORMATION
NAME: CARRILLO HIDALGO, ISABEL
DEPARTMENT: U137 - ECONOMÍA FINANCIERA Y CONTABILIDAD
FIELD OF STUDY: 230 - ECONOMÍA FINANCIERA Y CONTABILIDAD
OFFICE NO.: 90 - 134 E-MAIL: ihidalgo@ujaen.es P: 953212189
WEBSITE: -
ORCID: -
LANGUAGE: - LEVEL: 3
3. CONTENT DESCRIPTION

Unit 1. Introduction to finance

Unit 2. The time value of money. 

Unit 3. Annuities.

Unit 4. Loan operations. 

Unit 5. Business investment and financing

Unit 6. The financial structure of the company

Unit 7. The cost of capital of a financing project

Unit 8. Investment evaluation. Decision criteria

Unit 9. Capital budgeting

4. COURSE DESCRIPTION AND TEACHING METHODOLOGY

Theory classes will be developed by exposing the contents of the subject by the teacher, solving the doubts and questions that arise from the students during them. Likewise, it will be possible for the teacher to address questions to the students about the concepts that are being studied at all times in order to carry out the corresponding assessment of attendance and active participation in class.

The practical classes will be held in computer rooms, using the Microsoft Excel Spreadsheet program. The first sessions of practical classes will be devoted to the student's familiarization with the computer program, the rest being dedicated to solving the practices of the subject. As in the case of the theoretical classes, the teacher may direct the students to questions related to the concepts of the subject in order to evaluate the attendance and active participation in class section.

In addition, certain topics will be taught through the inverted class, in which the work of certain learning processes is transferred outside the classroom and uses class time, together with the teacher's experience, to facilitate and enhance other acquisition processes. and practice of knowledge within the classroom.

Students with special educational needs should contact the Student Attention Service (Servicio de Atención y Ayudas al Estudiante) in order to receive the appropriate academic support

5. ASSESSMENT METHODOLOGY

ORDINARY CALL

Theoretic concepts (40%): for the ordinary exams (May-June), the student's knowledge on these concepts will be assessed by a final test. 

Practical skills (60%): for the ordinary exams (May-June), the student will take various exercises during the classes (10%), as well as the final exam (50%).

EXTRA-ORDINARY CALLS

For the extra-ordinary calls, there will be only one  final exam (100%): theoretic (40%) and practice (60%).

6. BOOKLIST
MAIN BOOKLIST:
  • Fundamentals of corporate finance Richard A. Brealey, Stewart C. Myers, Alan J. Marcus. Edition: 7th ed. Author: Brealey, Richard A.. Publisher: McGraw-Hill Irwin  (Library)
ADDITIONAL BOOKLIST:
  • Corporate and project finance modeling : theory and practice Edward Bodmer.. Edition: -. Author: Bodmer, E. (Edward), author.. Publisher: Wiley  (Library)
7. SUSTAINABLE DEVELOPMENT GOALS
Educación de calidad
Trabajo decente y crecimiento económico
Reducción de las desigualdades
Producción y consumo responsables
Acción por el clima
 
DETAILED INFORMATION

It is important to recognize the growing relevance of the SDGs promoted by the United Nations. These global goals aim to address critical challenges, such as poverty, inequality, climate change and sustainability, and are applicable in a wide variety of fields, including finance.
The SDGs that can be linked to the Introduction to Finance subject are described below.

SDG 4: Quality Education:
This SDG is especially relevant in the context of the Introduction to Finance subject. Linking SDG 4 with this subject not only reinforces the commitment to providing quality education, but also highlights the importance of financial education in training informed and responsible individuals in the field of finance. This focus on quality education contributes to a better future in which people are prepared to make informed financial decisions and actively participate in society.

SDG 8: Decent Work and Economic Growth:
This objective focuses on the promotion of sustainable economic growth and the creation of decent employment, fundamental aspects of financial and business management. The subject prepares students to understand how financial and investment decisions affect economic growth, job creation and financial stability. Projects and financial strategies are also evaluated from a sustainable perspective, emphasizing the three dimensions, which is essential for the promotion of equitable and lasting economic development. This approach contributes to training future financial professionals aware of their role in promoting responsible and sustainable economic growth.

SDG 10: Reduced Inequalities:
SDG 10 is linked to the Introduction to Finance subject in several ways. Not only is it important to emphasize the importance of reducing economic and social inequalities, but this subject prepares students to understand how finance can be a tool to achieve a more equitable world. This approach contributes to training future financial professionals aware of their role in promoting a more just society and reducing economic and social disparities. The topic of financial inclusion is worked on, as well as the impact of Corporate Social Responsibility is reported.

SDG 12. Responsible Consumption and Production:
The integration of SDG 12 highlights the importance of financially responsible production and consumption and how financial decisions can influence sustainability. It prepares students to consider these aspects in their future career and enables them to make financial decisions that take into account not only economic benefit, but also social and environmental impact. This approach contributes to training future financial professionals aware of their role in promoting responsible financial and investment practices.

SDG 13: Climate Action:
It is essential to prepare students to consider the environmental impact of their financial decisions. The subject promotes awareness and the adoption of sustainable financial practices in line with the sustainable development objectives, with the assessment of investment projects focused on reducing the carbon footprint and CO2 emissions. In addition, financial products are analyzed, offered by entities and organizations, with more beneficial conditions if they are for the financing of sustainable projects. This perspective helps train future financial professionals aware of their role in combating climate change and promoting a more sustainable world.

8. VIRTUAL / CLASSROOM TEACHING SCENARIO

1. TEACHING METHODOLOGY AND TRAINING ACTIVITIES

If the classroom capacity is sufficient for all enrolled students, so that the mandatory social distancing measures are respected, the classes will be face-to-face for 100% of the students.

If the classroom capacity is not enough, the teaching will be face-to face for 25-50% of the students depending on the capacity of the classroom, in the schedule assigned, and videoconference broadcast to the rest, with periodic rotation of students, as determined by the Center.

2. EVALUATION SYSTEM.

Regarding the final evaluation exam, it will be preferably face-to-face, respecting the sanitary distances and the capacity limitation.

In the event that it is not possible to carry out the final exam face-to-face, the evaluation system will be the same followed in case of face-to-face teaching, with some modifications:

ORDINARY CALL

a) Attendance and/or participation in face-to-face and/or virtual calsses (10%).

b) Theoretic concepts (40%): the evaluation will be carried out through continuous assesment with two virtual tests throughout the course.

c) Practical skills (50%): the evaluable practical activities (10%) will be delivered virtually and a virtual practical final exam (40%) will be carried out. 

EXTRAORDINARY CALLS

For the extra-ordinary calls, there will be only one   final exam (100%): theoretic (50%) and practice (50%), that will be carried out virtually. 

3. RESOURCES

To carry out the teaching and assessment activities mentioned above, it will be necessary to have the following resources:

a) Audiovisual retransmission system for theoretical and practical classes.

b) The students will need to have the computer and telecommunications means to be able to view the retransmitted classes, as well as solve the assessment tests and be able to record the corresponding videos.

c) Assessment exams, especially practical ones, will require the use of spreadsheets. In the event that the students do not have the required program, they will be able to access it through the virtual PCs of the University of Jaén.

d) Communication between faculty and students will be carried out using the systems used at the University of Jaén, in particular the University's virtual teaching platform and the Google suite.

c) During the assessments (theoretical tests and in the final exam), a parallel connection will be made through videoconference between the students and the teacher. Therefore, students must be provided with a webcam and and internet connection.

9. VIRTUAL TEACHING SCENARIO

1. TEACHING METHODOLOGY AND TRAINING ACTIVITIES

Classes (theory and practice)  will be taught telematically, and may be synchronous or asynchronous.

2. EVALUATION SYSTEM.

The evaluation system will be the same followed in case of face-to-face teaching, with some modifications:

ORDINARY CALL

a) Attendance and/or participation in virtual calsses (10%).

b) Theoretic concepts (40%): the evaluation will be carried out through continuous assesment with two virtual tests throughout the course.

c) Practical skills (50%): the evaluable practical activities (10%) will be delivered virtually and a virtual practical final exam (40%) will be carried out. 

EXTRAORDINARY CALLS

For the extra-ordinary calls, there will be only one   final exam (100%): theoretic (50%) and practice (50%), that will be carried out virtually. 

3. RESOURCES

To carry out the teaching and assessment activities mentioned above, it will be necessary to have the following resources:

a) Audiovisual retransmission system for theoretical and practical classes.

b) The students will need to have the computer and telecommunications means to be able to view the retransmitted classes, as well as solve the assessment tests and be able to record the corresponding videos.

c) Assessment exams, especially practical ones, will require the use of spreadsheets. In the event that the students do not have the required program, they will be able to access it through the virtual PCs of the University of Jaén.

d) Communication between faculty and students will be carried out using the systems used at the University of Jaén, in particular the University's virtual teaching platform and the Google suite.

c) During the assessments (theoretical tests and in the final exam), a parallel connection will be made through videoconference between the students and the teacher. Therefore, students must be provided with a webcam and and internet connection.

DATA PROTECTION CLAUSE (on line exams)

Institution in charge of data processing: Universidad de Jaén, Campus Las Lagunillas, s/n, 23071 Jaén

Data Protection Delegate: dpo@ujaen.es

Purpose: In accordance with the Universities Law and other national and regional regulations in force, carrying out exams and assessment tests corresponding to the courses students are registered in. In order to avoid frauds while sitting the exam, the exam will be answered using a videoconference system, being able the academic staff of the University of Jaén to compare and contrast the image of the person who is answering the exam with the student's photographic files. Likewise, in order to provide the exam with evidential content for revisions or claims, in accordance with current regulation frameworks, the exam will be recorded and stored.

Legitimacy: compliance with legal obligations (Universities Law) and other national and regional regulations currently in force.

Addressees: service providers who are the owners of the platforms where the exams are carried out and with whom the University of Jaén has signed the corresponding data access contracts.

Storage periods: those established in current in force regulations. In the specific case of exam videoconference recordings, not before the examination records and transcripts are closed or the exam can still be reviewed or challenged.

Rights: you can exercise your right of access, amendment, cancellation, opposition, suppression, limitation and portability by sending a letter to the postal or electronic address indicated above. In the event that you consider that your rights have been violated, you may submit a complaint to the Andalusian Council for Transparency and Data Protection www.ctpdandalucia.es

CLASS RECORDING CLAUSE PERSONAL DATA PROTECTION

Person in charge: Universidad de Jaén, Paraje Las Lagunillas, s/n; Tel.953 212121; www.ujaen.es

Data protection delegate (DPO): TELEFÓNICA, S.A.U. ; Email: dpo@ujaen.es

Procedure aim: To manage proper recordings of teaching sessions with the aim of facilitating learning process under a multimodal and/or online teaching

Period for record storage: Images will be kept during legal term according to regulations in force

Legitimacy: Data will be managed according to legal regulations (Organic Law 6/2001, December 21, on Universities) and given consent provided by selecting corresponding box in legal admission documents

Data recipients (transfers or assignments): Any person allowed to get access to every teaching modality

Rights: You may exercise your rights of access, rectification, cancellation, portability, limitation of processing, deletion or, where appropriate, opposition. To exercise these rights, you must submit a written request to the Information, Registration and Electronic Administration Service of the University of Jaen at the address above, or by e-mail to the address above. You must specify which of these rights you are requesting to be satisfied and, at the same time, you must attach a photocopy of your ID card or equivalent identification document. In case you act through a representative, legal or voluntary, you must also provide a document that proves this representation and identification. Likewise, if you consider that your right to personal data protection has been violated, you may file a complaint with the Andalusian Data Protection and Transparency Council www.ctpdandalucia.es