Теория финансов

Магистратура 2022/2023

Лучший по критерию «Полезность курса для расширения кругозора и разностороннего развития»

Статус: Курс обязательный (Магистр аналитики бизнеса)

Направление: 38.04.08. Финансы и кредит

Кто читает: Практико-ориентированные магистерские программы факультета экономических наук

Где читается: Факультет экономических наук

Когда читается: 1-й курс, 1 модуль

Формат изучения: с онлайн-курсом

Онлайн-часы: 20

Охват аудитории: для своего кампуса

Преподаватели: Малышев Павел Юрьевич

Прогр. обучения: Магистр аналитики бизнеса

Язык: английский

Кредиты: 3

Контактные часы: 6

Full Syllabus

Abstract

Theory of Finance covers the basic principles and fundamental quantitative theories of pricing and valuation of various types of financial assets including stocks, bonds and derivatives. The contents of the course correspond to CFA Level 1. The course is a required core course of the online degree Master program “Business analytics and strategic business reporting” and is designed to ensure the basic professional competences of the master in the field of finance. Theory of Finance is necessary for the further study of more complicated financial courses, such as Corporate Finance, Financial Modelling and Risk Management.

Learning Objectives

Developing basic economic and financial analysis skills to make reasonable investment decisions and conduct fundamental research in finance. Introduction to the most common asset pricing models used by academic researchers and financial market analysts to determine the fair value of various financial instruments. Understanding the key assumptions and limitations of these models in order to apply them correctly.

Expected Learning Outcomes

- to obtain practical experience in applying and testing the validity of asset pricing models using real quantitative data; - to know how to use various information and data sources to analyze and process data for economic and financial estimations;
- apply basic financial models, understand their features and limitations; - to make efficient investment decisions in uncertainty; - to be able to identify economic problems when analyzing specific types of financial instruments, evaluate the expected results;

Course Contents

Introduction to financial markets
Essentials of financial calculations
Bond pricing
Equity pricing
Risk and return
Portfolio theory
Capital asset pricing model (CAPM)
Factor models and Arbitrage pricing theory (APT)
Empirical multifactor models
Forward and futures pricing
Option pricing
Information and market efficiency

Assessment Elements

Test
Project

Interim Assessment

2022/2023 1st module
0.5 * Project + 0.5 * Test

Bibliography

Recommended Core Bibliography

Alexander, G. J., Sharpe, W. F., & Bailey, J. V. (2012). Fundamentals of investments. Slovenia, Europe: Prentice Hall. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.C1BEBDC4

Recommended Additional Bibliography

Elton, E. J. (2014). Modern Portfolio Theory and Investment Analysis (Vol. Ninth edition). Hoboken, NJ: Wiley. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1639379
Mishkin, F. S., & Eakins, S. (2016). Financial Markets and Institutions, Global Edition (Vol. Eighth edition, Global edition). Harlow: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1419018
Valdez, S., & Molyneux, P. (2015). An Introduction to Global Financial Markets: Vol. 8th ed. Palgrave Macmillan.

Course Syllabus