Andrey I. Stolyarov

Deputy Department Head, Associate Professor: Faculty of Economic Sciences / Department of Financial Market Infrastructure
Programme Academic Supervisor: Investments in Financial Markets

Andrey I. Stolyarov has been at HSE University since 2006.

HomeTeachingResearch and Publications

Education, Degrees and Academic Titles

2009

Associate Professor

1992

Candidate of Sciences* (PhD) in History of Economics
Lomonosov Moscow State University

1988

Degree
Lomonosov Moscow State University

* Candidate of Sciences
According to the International Standard Classification of Education (ISCED) 2011, Candidate of Sciences belongs to ISCED level 8 - "doctoral or equivalent", together with PhD, DPhil, D.Lit, D.Sc, LL.D, Doctorate or similar. Candidate of Sciences allows its holders to reach the level of the Associate Professor.

Awards and Accomplishments

Best Teacher — 2024–2025, 2019, 2017
Best Academic Supervisor in the category ‘Student Recruitment’ — 2024

Courses (2025/2026)

Analysis of Financial Markets (Fundamental Analysis) (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 3 module)Rus
Analysis of Financial Markets (Fundamental Analysis) (Mago-Lego; Faculty of Economic Sciences; 3 module)Rus
Blockchain, Financial Technologies and Cryptoeconomics (Mago-Lego; Faculty of Economic Sciences; 3 module)Rus
Blockchain, Financial Technologies and Cryptoeconomics (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 3 module)Rus
Designing M&A Deals (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 2 module)Rus
Designing M&A Deals (Mago-Lego; Faculty of Economic Sciences; 2 module)Rus
Financial Markets Analysis (Bachelor’s programme; Faculty of Economic Sciences field of study Economics; 4 year, 1, 2 module)Rus
Financial Markets Analysis (Optional course (faculty); Faculty of Economic Sciences; 1, 2 module)Rus
Financial Markets, Institutions and Instruments (Mago-Lego; Faculty of Economic Sciences; 1, 2 module)Rus
Financial Markets, Institutions and Instruments (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1, 2 module)Rus
Financial Markets, Institutions and Instruments (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1, 2 module)Rus
International Capital Markets (Mago-Lego; Faculty of Economic Sciences; 3 module)Rus
International Capital Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 3 module)Rus
International Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Eng
International Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Eng
International Financial Markets (Mago-Lego; Faculty of Economic Sciences; 4 module)Eng
Mentor Seminar Business Financing and Project Management (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1-4 module)Rus
Mentor Seminar Business Financing and Project Management (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Mergers and Acquisitions in Financial Markets (Mago-Lego; Faculty of Economic Sciences; 4 module)Rus
Mergers and Acquisitions in Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Rus
Mergers and Acquisitions in Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Rus
Private Finance Management (Minor; Faculty of Economic Sciences)Rus
Professional Participants and the Financial Market (Minor; Faculty of Economic Sciences)Rus
Research Seminar "Contemporary Problems of Development of Finacial Markets" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1-4 module)Rus
Research Seminar "Contemporary Problems of Development of Finacial Markets" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1-4 module)Rus
Research Seminar "Contemporary Problems of Development of Finacial Markets" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Research Seminar "Contemporary Problems of Development of Finacial Markets" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Seminar of the Mentor "Strategies for Raising Capital in the Company" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1-4 module)Rus
Seminar of the Mentor "Strategies for Raising Capital in the Company" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Structure of the global financial market (Minor; Faculty of Economic Sciences)Rus
Structured Financing (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1, 2 module)Rus
Structured Financing (Mago-Lego; Faculty of Economic Sciences; 1, 2 module)Rus
Structuring of Transactions on Mergers and Acquisitions (Mago-Lego; Faculty of Economic Sciences; 2 module)Rus
Structuring of Transactions on Mergers and Acquisitions (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 2 module)Rus
World Financial Markets (Mago-Lego; Faculty of Economic Sciences; 3, 4 module)Rus
World Financial Markets (Mago-Lego; Faculty of Economic Sciences; 4 module)Eng
World Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Eng
World Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Eng
Past Courses

Courses (2024/2025)

Analysis of Financial Markets (Fundamental Analysis) (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 3 module)Rus
Analysis of Financial Markets (Fundamental Analysis) (Mago-Lego; 3 module)Rus
Blockchain, Financial Technologies and Cryptoeconomics (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 3 module)Rus
Blockchain, Financial Technologies and Cryptoeconomics (Mago-Lego; 3 module)Rus
Designing M&A Deals (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 2 module)Rus
Designing M&A Deals (Mago-Lego; 2 module)Rus
Financial Markets Analysis (Bachelor’s programme; Faculty of Economic Sciences field of study Economics; 4 year, 1, 2 module)Rus
Financial Markets Analysis (Bachelor’s programme; Faculty of Economic Sciences field of study Economics; 4 year, 1, 2 module)Rus
Financial Markets, Institutions and Instruments (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1, 2 module)Rus
Financial Markets, Institutions and Instruments (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1, 2 module)Rus
Financial Markets, Institutions and Instruments (Mago-Lego; 1, 2 module)Rus
International Capital Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 3 module)Rus
International Capital Markets (Mago-Lego; 3 module)Rus
International Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Eng
International Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Eng
International Financial Markets (Mago-Lego; 4 module)Rus
Mentor Seminar Business Financing and Project Management (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1-4 module)Rus
Mentor Seminar Business Financing and Project Management (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Mergers and Acquisitions in Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Rus
Mergers and Acquisitions in Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Rus
Mergers and Acquisitions in Financial Markets (Mago-Lego; 4 module)Rus
Private Finance Management (Minor; Faculty of Economic Sciences)Rus
Professional Participants and the Financial Market (Minor; Faculty of Economic Sciences)Rus
Research Seminar "Contemporary Problems of Development of Finacial Markets" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Research Seminar "Contemporary Problems of Development of Finacial Markets" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Seminar of the Mentor "Strategies for Raising Capital in the Company" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1-3 module)Rus
Seminar of the Mentor "Strategies for Raising Capital in the Company" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Structure of the global financial market (Minor; Faculty of Economic Sciences)Rus
Structured Financing (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1, 2 module)Rus
Structured Financing (Mago-Lego; 1, 2 module)Rus
Structuring of Transactions on Mergers and Acquisitions (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 2 module)Rus
Structuring of Transactions on Mergers and Acquisitions (Mago-Lego; 2 module)Rus
World Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Eng
World Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Eng
World Financial Markets (Mago-Lego; 4 module)Rus
World Financial Markets (Mago-Lego; 3, 4 module)Rus

Courses (2023/2024)

Financial Markets Analysis (Bachelor’s programme; Faculty of Economic Sciences field of study Economics, field of study Economics; 4 year, 1, 2 module)Rus
International Capital Markets (Mago-Lego; 3 module)Rus
International Capital Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 3 module)Rus
Mergers and Acquisitions in Financial Markets (Mago-Lego; 4 module)Rus
Mergers and Acquisitions in Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit, field of study Finance and Credit; 1 year, 4 module)Rus
Private Finance Management (Minor; Faculty of Economic Sciences; 3, 4 module)Rus
Professional participants and infrastructure of the financial market (Minor; Faculty of Economic Sciences; 1, 2 module)Rus
World Financial Markets (Minor; Faculty of Economic Sciences; 3, 4 module)Rus
World Financial Markets (Mago-Lego; 3, 4 module)Rus

Courses (2022/2023)

Financial Markets Analysis (Bachelor’s programme; Faculty of Economic Sciences field of study Economics, field of study Economics; 4 year, 1, 2 module)Rus
Mentor Seminar Business Financing and Project Management (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Mergers and Acquisitions in Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit, field of study Finance and Credit; 1 year, 4 module)Rus
Mergers and Acquisitions in Financial Markets (Mago-Lego; 4 module)Rus
Private Finance Management (Minor; Faculty of Economic Sciences; 3, 4 module)Rus
Research Seminar "Business Financing and Project Management" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Research Seminar "Contemporary Problems of Development of Finacial Markets" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1-4 module)Rus
Structured Financing (Mago-Lego; 1, 2 module)Rus
Structured Financing (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1, 2 module)Rus
Structuring of Transactions on Mergers and Acquisitions (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 2 module)Rus
Structuring of Transactions on Mergers and Acquisitions (Mago-Lego; 2 module)Rus
Taxes and Taxation (Minor; Faculty of Economic Sciences; 1, 2 module)Rus
World Financial Markets (Minor; Faculty of Economic Sciences; 3, 4 module)Rus
World Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 3 module)Rus
World Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit, field of study Finance and Credit; 1 year, 4 module)Eng
World Financial Markets (Mago-Lego; 3, 4 module)Rus
World Financial Markets (Mago-Lego; 4 module)Eng
World Financial Markets (Mago-Lego; 3 module)Rus

Courses (2021/2022)

Financial Markets Analysis (Bachelor’s programme; Faculty of Economic Sciences field of study Economics; 4 year, 1, 2 module)Rus
Financial Markets Analysis (Master’s programme; Institute of Security Studies field of study Management; 2 year, 2 module)Rus
Financial Markets Analysis (Master’s programme; Institute of Security Studies field of study Management; 1 year, 2 module)Rus
Mergers and Acquisitions in Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Rus
Research Seminar "Contemporary Problems of Development of Finacial Markets" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1-4 module)Rus
Research Seminar "Contemporary Problems of Development of Finacial Markets" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Structured Financing (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1, 2 module)Rus
Structuring of Transactions on Mergers and Acquisitions (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1 module)Rus
World Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 3 module)Rus
World Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Eng

Courses (2020/2021)

Financial Markets Analysis (Bachelor’s programme; Faculty of Economic Sciences field of study Economics; 4 year, 1, 2 module)Rus
Mergers and Acquisitions in Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Rus
Methodological Research Seminar (Bachelor’s programme; Faculty of Economic Sciences field of study Economics; 4 year, 2 module)Rus
Private Finance Management (Minor; Faculty of Economic Sciences; 3, 4 module)Rus
Research Project Seminar (Optional course (faculty); Faculty of Economic Sciences; 1-3 module)Rus
Research Seminar "Contemporary Problems of Development of Finacial Markets" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1-4 module)Rus
Research Seminar "Contemporary Problems of Development of Finacial Markets" (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1-4 module)Rus
Structured Financing (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 2 year, 1, 2 module)Rus
Structuring of Transactions on Mergers and Acquisitions (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 1 module)Rus
Taxes and Taxation (Minor; Faculty of Economic Sciences; 1, 2 module)Rus
World Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 4 module)Eng
World Financial Markets (Master’s programme; Faculty of Economic Sciences field of study Finance and Credit; 1 year, 3 module)Rus
World Financial Markets (Mago-Lego; 3, 4 module)Rus
World Financial Markets (Minor; Faculty of Economic Sciences; 3, 4 module)Rus

Timetable for today

Full timetable

Участие в проектах

«Оценка системы управления государственной собственностью в Российской Федерации» (Заказчик – Администрация Президента РФ – 2018)

«Анализ мирового опыта функционирования консультационных центров улучшения жилищных условий в США, Канаде, других европейских странах» 2017 (Заказчик – АИЖК)

«Прогноз развития финансовых рынков Российской Федерации в условиях конъюнктурной нестабильности» 2015 (Заказчик –МЭР)

«Разработка научно-обоснованных предложений по созданию методики анализа данных, необходимых для определения целевой функции объектов федерального имущества» 2014 год (Заказчик – Министерство экономического развития)

Проект РАНХиГС – НИУ-ВШЭ «ИССЛЕДОВАНИЕ РЕЗЕРВОВ ЭФФЕКТИВНОСТИ БЮДЖЕТНЫХ РАСХОДОВ» (Заказчик – Министерство финансов 2014)

«МЕЖДУНАРОДНЫЙ ОПЫТ УПРАВЛЕНИЯ И ИСПОЛЬЗОВАНИЯ СРЕДСТВ СУВЕРЕННЫХ РЕЗЕРВНЫХ И ПЕНСИОННЫХ ФОНДОВ» 2014 (Заказчик- Счетная Палата)

В статье раскрываются причины сложившихся пропорций по государственному
и муниципальному долгу, сопоставляются по долговой нагрузке субъекты Фе-
дерации и даются прогнозы относительно рынка муниципальных облигаций

Supervisor of the following Doctoral theses

for a Candidate of Sciences degree

1
I. Sorokin The evaluation of high-dividend strategies in global markets, 2024