Bachelor in Finance and Accounting (2008 Study Plan) (Plan: 144 - Estudio: 201)
Coordinating teacher: PEÑA SANCHEZ DE RIVERA, JUAN IGNACIO
Department assigned to the subject: Business Administration Department
Type: Electives
ECTS Credits: 6.0 ECTS
Course:
Semester:
Requirements (Subjects that are assumed to be known)
Mathematics (Linear Algebra and Calculus), Statistics, Econometrics I and II, Microeconomics III, Financial Economics, Corporate Finance, Financial Systems
The design and management of Long-run and short-run investment strategies with special focus on the energy transition investing.
Description of contents: programme
PROGRAM:
Chapter 1. Introduction
What is this course about?
Grading
Data and Software
Project
Asset standardized description (Assignment #1)
Chapter 2. Investments: Assets and Strategies
Asset Classes
CFD
ETF (Assignment #2)
Investment Strategies: Passive and Active
Asset Allocation
Security Selection
Market Timing
Portfolio weights
Portfolio performance
Chapter 3. Green Investment Gap
Green Investment Gap (GIG)
GIG : Public sector initiatives
GIG: private markets
Road map
Sources of financing
Limitations of traditional instruments
New financial instruments for the energy transition
Chapter 4. Sources of financing and limitations of traditional products
Sources of financing
Return and risk: key factors
Who does what: Debt
Who does what: Equity
Limitations of traditional instruments: bonds and stocks (Assignment #3)
Chapter 5. Green Investment Banks
Green Investment Banks (GIB)
What they are
What they do
Risk mitigants
Transaction enablers
Key contributions
Measuring results
Chapter 6. Green Bonds
What is a green bond?
Labeling
The market of GB
Primary market
Secondary market
Portfolios
Corporate performance of GB issuers
Other green debt instruments
Chapter 7. Power Purchase Agreements
Why PPA?
Physical PPA
Virtual PPA (VPPA)
Cash flows VPPA
VPPA as a Financial Swap
Pricing Fixed-for-floating Swaps
Prons and cons of VPPA
Case: Cummins VPPA (Assignment #4)
Chapter 8. Securitization and YieldCos
Securitization
Solar Securitization
Refinancing
Master Limited Partnerships (MLPs)
YieldCos structure
CAFD
Pros and Cons
A Viable model for YieldCos
Chapter 9. Personal portfolio choice
Preliminaries
Life expectancy
Instruments
Insurance
Asset allocation
Investment funds
REITS
RoboAdvisors
Chapter 10. Behavioral finance
Efficient Markets?
Some experiments
Psychology
Biases
Preferences
Prospect Theory
Limits to Arbitrage
Bubbles
Behavioral Investment Strategies