2023-2024 / FINA0070-2

Finance and insurance principles


30h Th

Number of credits

 Master in management (120 ECTS) (evening classes)5 crédits 
 Master in management (60 ECTS) (evening classes)5 crédits 


John Pietquin

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January


Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

The main objective of this course "Principles of finance and insurance" will be to transmit to the student the fundamental knowledge in finance and insurance.
To do this, this course will be organized in two parts.
  First part
- Introduction: the definition of finance, the neoclassical paradigm and its critics
- Fundamental concepts: discouting and capitalization
- Financial instruments: stocks, bonds, derivatives, collective vehicles, hybrid products, structured products...
- Financial markets: structure, operation, liquidity, efficiency...
- Portfolio theory: Markowitz mean-average optimization, capital asset pricing model...
  Second part
This part will aim to apply the concepts and principlaes explained in the first part.
- Pricing of basic instruments: stocks and bonds
- Investment projects and financing
- Insurance theory
- Corporate valuation
- Fintechs

Learning outcomes of the learning unit

At the end of this course, the student will have the necessary knowledge to understand the concepts, principles and functioning of finance and solve its most commun problems.
This course will allow him to:
- Strenghten knowledge and understanding of management disciplines and its legal, political and social social context (ILO-1)
- Acquire knowledge and understanding of one of the specilization discipline (ILO-2)
- Search autonomously and methodically the information needed to solve a cross-cutting and complex management problem (ILO-4)
- Integrate information, practical tools, knowledge and contextual data to design and propose, individually or collectively, original, creative and viable solutions to complex, real or simulated problems (ILO-6)

Prerequisite knowledge and skills

The student will have prior knowledge in arithmetic, statistics and probability theory.

Planned learning activities and teaching methods

There will be five modes of teaching:
- Lectures
- Practical exercises to solve during and outside the class
- Case studies and historical anecdotes
- Questions to develop involvement and participation, including through the use of the interactive online service Wooclap
- External interventions orchestrated by finance and insurance professionals

Mode of delivery (face to face, distance learning, hybrid learning)

Face-to-face course

Additional information:

The course will be organized in six four-and-a-half-hour sessions on Saturdays and two one-and-a-half-hour sessions on weekdays (30 hours), spreading from September to November.

These courses will be given face-to-face. If the sanitary circumstances require it, a teaching will be organized face-to-face and/or remotely (LifeSize or eCampus).

Recommended or required readings

Recommended readings

The student will ne invited to consult some reference books in order to perfect his understanding of finance:

- AYTAC Beysül, Cyrille MANDOU, 2015, Investissement et financement de l'entreprise, De Boeck Supérieur

- LEGROS Georges, 2015, L'évaluation d'entreprises: Méthodes et études de cas, Dunod, 2nd edition

- LE SAOUT Erwan, 2016, Introduction aux marchés financiers, Economica, 5th edition

- MORVAN Jérémy, 2017, Marchés et instruments financiers, Dunod, 3rd edition

- VERNIMMEN Pierre, Pascal QUIRY, Yann LE FUR, 2018, Finance d'entreprise, Dalloz, 17th edition

Optional readings

Many articles will be made available to the student so that the latter can complete, deepen or contextualize the knowledge learned during the course.

Mandatory readings

One or two non-technical articles will have be read by the student and will be part of the exam material. They will extend one or the other section addressed in the course.



Exam(s) in session

Any session

- In-person

written exam ( multiple-choice questionnaire, open-ended questions )

Additional information:

The student will be assessed through a written exam. In the event of restrictions due to the health situation, this assessment will be based on Lola, Collaborate or eCampus.

Two sessions will be organized, one in November, December or January, the other in August or September.

A collective copy consultation session may be held within four weeks of the publication of the results.

Work placement(s)

No internship is planned in the course.

Organisational remarks and main changes to the course

The student will be invited to frequently consult the LolaHD digital platform to learn practical information about the course.
Outside the scheduled sessions, the student will be able to contact the lecturer by e-mail in case of misunderstanding.



Association of one or more MOOCs

Items online

Slides and exercises
Slides and exercises are available under "documents" on lol@ platform.