BFN416 COURSE COMPACT
Course:
BFN 416
Course Title:
Capital Market & Portfolio Theory
Course unit
3 UNITS) (Compulsory)
Course Duration:
Three hours per week for 15 weeks (45hours)
Lecturer Data
Name of the lecturer: IJIAYA, M.A., PhD & LAWAL, Adedoyin Isola (Masters)
Department:
Accounting and Finance
College:
Business and Social Sciences
E-mail:
lawal.adedoyin@lmu.edu.ng
Office Location:
A111, New College Building
Consultation Hours:
10am -12 noon daily
Course Content:
The structure and functioning of capital market; The development and main features of the
Nigerian capital market; Instrument and operators of the capital market; Study of portfolio
selection and management; Risk and Returns Relationship, Potential profitability of various
investments, Forecasting return on individual portfolios; Stock exchange: growth structure and
performance in Nigeria; Capital market Theory; Current state of empirical evidence of models
for evaluation portfolio performance
Course Description:
This course deals essentially with the understanding the structure, operation and operators of
the Nigerian Capital Market.
Course Justification:
The Course is important because it provides a good ground for students understanding of the
operations of the capital market.
Course objectives
At the end of this course, students would be able to:
Understand the nature, operation and the roles of the operators in the Capital market.
Course Requirement:
The Course is an improvement Business Finance I &II, thus we recommends that all the
students pass BFN 211 and BFN 311 to be able to perform effectively with the course.
Method of Grading- An example below
S/n
Grading
Score (%)
1.
Test
2.
Assignment
3.
Final Examination
20
10
70
Total 100
Course Delivery Strategies – Illustration below:
Lecturing method complimented with tutorial work will be adopted.
LECTURE CONTENT
COURSE OUTLINES
S/n
TOPICS
Week 1
The structure and functioning of capital market
Weeks 2 and 3
The development and main features of the Nigerian capital market; Instrument and operators
of the capital market.
Week 4
Study of portfolio selection and management
Week 5
Risk and Returns Relationship
Weeks 6 & 7
Potential profitability of various investments
Week 8
MID SEMESTER TEST
Week 9
Forecasting return on individual portfolios
Week10
Stock exchange: growth structure and performance in Nigeria
Week 11
Capital market Theory
Weeks 12 & 13
Current state of empirical evidence of models for evaluation portfolio performance
Week 14
REVISION
Week 15
Objective
Examination
To examine the students on all that has been taught during the semester.
TUTORIALS
Tutorial will be on a weekly basis. Review questions will be given to students to practice. Each
student will be expected to work on these on small groups led by tutorial masters.
Reading List / Recommended Texts:
1.
Oye Akinsulire (2011):Financial Management 7th Edition, Ceemol Nig. LTD
2.
M.L. Jhingan (2008): Money, Banking, International Trade and Public Finance
3.
Aswath Damodaran (2011): Applied Corporate Finance 3rd Edition, John Wiley and Sons
Inc
4.
Cornett, Adair and Nofsinger (2009): Finance: Application and Theory
5.
Block, and Hirt (2008): Foundations of Financial Management, 12th Edition
6.
Anthony S. Marcia M. C. (2011): Financial Institutions Management: A Risk
Management Approach, 7th Edition, McGraw – Hill
7.
Journal of Asset Management (Various Issues) Palgrave Publishers
8.
Journal of Derivatives & Hedge Funds (Various Issues)