2021/2022
Инструменты личного инвестирования
Статус:
Майнор
Кто читает:
Департамент финансов
Где читается:
Санкт-Петербургская школа экономики и менеджмента
Когда читается:
1, 2 модуль
Преподаватели:
Макарова Василиса Александровна
Язык:
английский
Кредиты:
5
Контактные часы:
60
Course Syllabus
Abstract
The basic objective of this foundation course in finance is to summarize the fundamental theoretical aspects of personal investments and portfolio management. Essentially the course is an introduction to the theory and practice theory of modern financial economics and financial management, with a focus on capital markets and investments, and quantitative finance. It will help you revise the basic fundamentals – the most important concepts and analytical tools used in financial decision making, the important role of financial markets in finance, the basic principles of valuation, investing capital, fundamentals of risk management. In this course, students will acquire the skills of forming an investment portfolio in accordance with their preferences and attitude to risk, learn how to assess risks and the expected return on a portfolio. In addition, students will acquire skills in asset allocation so that expected returns remain stable despite the externalities to which the assets are exposed.
Learning Objectives
- The course aims to teach students methods of thinking in the field of investment using the methods and technologies of experimental economics.
Expected Learning Outcomes
- Students are able to critically evaluate current research in this field.
- Students are familiar with empirical evidence which support or reject hypothesis and predictions of a theory.
- Students know how and when finance theory can be applied to achieve a desired goal.
- Students know mathematics of finance theory and methodology of financial decisions.
- Students understand specific questions the theory addresses.
- Students understand time value of money, patterns of financial decision making in increasing complexity of financial environment.
- Students understand which theory is applicable in these circumstances and what are its practical limits.
- Students understand that finance issues are not isolated from each other.
Course Contents
- Introduction. Problems of managing personal finances in a modern economy. Personal finance management from the point of view of the classical (neoclassical) economic paradigm.
- The use of static models of the theory of inventory management in solving problems of personal investment.
- The use of dynamic models of inventory management theory in solving personal investment problems. Elements of dynamic programming.
- Personal investment instruments from the point of view of behavioral economics (static and deterministic models).
- Personal investment instruments from the point of view of behavioral economics (dynamic models, models of intertemporal choice).
- Personal investment instruments - decision making models under Uncertainty. The application of the theory of static strategic games in the sphere of personal investment.
- Personal investment instruments - decision making models under Uncertainty. The application of the theory of the dynamic games and the games with uncompleted and imperfect in the sphere of personal investment.
- Application of the theory of cooperative games in modeling and analysis of problems in the sphere of personal investment.
Bibliography
Recommended Core Bibliography
- Angner, E. (2016). A Course in Behavioral Economics 2e (Vol. 2nd ed). Basingstoke: Palgrave Macmillan. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1524094
Recommended Additional Bibliography
- Richards, T. (2014). Investing Psychology : The Effects of Behavioral Finance on Investment Choice and Bias. Hoboken, New Jersey: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=759584