Bachelor
2024/2025
Theory of Finance
Category 'Best Course for New Knowledge and Skills'
Type:
Compulsory course (International Bachelor's in Business and Economics)
Area of studies:
Economics
Delivered by:
Department of Finance
When:
2 year, 3, 4 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Хованский Сергей Константинович,
Victor Krakovich,
Boris Lodiagin,
Максименко Юлия Борисовна,
Казанский Александр Вячеславович,
Максименко Юлия Борисовна
Language:
English
ECTS credits:
5
Course Syllabus
Abstract
It is an introductory course to the theory of finance. The course starts with discussing the basics terms such as the cashflows, NPV, and progresses towards more advanced topics. It also discusses empirical puzzles and practical applications of the financial concepts. After mastering this course, the students will gain initial knowledge on the theory of finance and will be able to apply it in solving some simple real life problems.
Learning Objectives
- To know theories of finance and their appropriate applications
- To critically analyze the given problem and to derive comprehensive solutions for the given problem
- To identify a problem and select appropriate models to solve it
Expected Learning Outcomes
- To know basic financial concepts
- To build financial models of the projects and firms
- To identify appropriate models to address business problems
Course Contents
- Introduction
- Time value of money
- Interest rates
- Investment Decisions
- Bonds
- Stocks
- Portfolio Theory
- Capital Asset Pricing Model
- Current trends in Finance
- Banking system and regulators
- Banking Finance 1
- Banking Finance
- Derivatives: forwards+futures
- Derivatives: options
- Stock Market Infrastructure: Professional Participants and Their Licensing
- Personal Financial Planning
- Analysis of financial instruments
- Financial Institutions
Assessment Elements
- Test1
- Midterm
- Lecture quizzes
- Lecture quizzes
- Project
- Test2Control element TEST2 refers to BANKING and DERIVATIVES topics Control element TEST2 consists of two parts : - TEST2.1. Number of practical assessed jobs – 3 Each practical job duration – not more than 2 academic hours each. When are practical jobs held – during seminar hours Topic - BANKING. Assessed competences – knowledge of Russian banking system basis and basic steps of loan decision undertaking. Assessment Formula: TEST2.1. = (Grade 1+Grade2+Grade3)/3 *5% - TEST2.2. Number of practical assessed jobs - 1 Practical job duration – not more than 4 academic hours. When is practical job held – in the time prescribed by the curriculum Topic - DERIVATIVES Assessed competences – knowledge of basic derivatives and its application on the financial markets Assessment Formula: TEST2.2. = Grade*5% TEST2 = TEST2.1.+TEST2.2.
- Exam
Interim Assessment
- 2024/2025 4th module0.2 * Exam + 0.05 * Lecture quizzes + 0.05 * Lecture quizzes + 0.3 * Midterm + 0.1 * Project + 0.2 * Test1 + 0.1 * Test2
Bibliography
Recommended Core Bibliography
- Richard Brealey, Stewart Myers, & Franklin Allen. (2020). ISE EBook Online Access for Principles of Corporate Finance: Vol. Thirteenth edition. McGraw-Hill Education.
Recommended Additional Bibliography
- International finance, Pilbeam, K., 2013
- MARKOWITZ, H. (1952). Portfolio Selection. Journal of Finance (Wiley-Blackwell), 7(1), 77–91. https://doi.org/10.2307/2975974