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Магистерская программа «Финансовый аналитик»

Research Seminar "Current Problems of the Financial Analysis"

2021/2022
Учебный год
ENG
Обучение ведется на английском языке
7
Кредиты
Статус:
Курс обязательный
Когда читается:
2-й курс, 1-4 модуль

Преподаватели

Course Syllabus

Abstract

Research Seminar “Current Problems of the Financial Analysis” (hereafter – “RS”) is the methodological base for the courses of HSE Master’s programme “Financial Analyst”. The emphasis is done for analytical and research student activities. Basic terms, research topics and methods are to be learnt during the seminars. RS partially touches the regular courses’ content, and thus helps to improve the material comprehension and stimulates the self-study. The learning objective of RS – to develop students’ skills of independent research work, including the mastering of current methods and research techniques usage, scientific discussion on the given topic, one’s own research results presentation; to help in work on the master’s thesis; to develop communication and presentation skills. Distance educational process is organized via synchronized interaction (what is shown in your class schedule) in Zoom https://zoom.us/.
Learning Objectives

Learning Objectives

  • The learning objective of RS – to develop students’ skills of independent research work, including the mastering of current methods and research techniques usage, scientific discussion on the given topic, one’s own research results presentation; to help in work on the master’s thesis; to develop communication and presentation skills.
Expected Learning Outcomes

Expected Learning Outcomes

  • The students has to be able to:  define the field of scientific search at choosing the research subject;  find the research problem, to define the research topic and task for the research;  use the gained statistical material and connect own conclusions with theoretical and practical provisions of financial activity;  evaluate the quality and effectiveness of empirical data;
  • The students has to know:  main results of the latest researches in the financial field; their empirical tests published in the top professional magazines in the field;  methods of scientific discussions and delivering of presentations.
  • The students has to master:  the skills of writing the expert analytical overviews, research articles and reports, as well as skills of working on the gained material;  the skills of practical usage of theoretical knowledge on search methods and primary data analysis and forming of sources databases;  the skills of work with scientific sources including those in English;
  • be able to:  define the field of scientific search at choosing the research subject;  find the research problem, to define the research topic and task for the research;  use the gained statistical material and connect own conclusions with theoretical and practical provisions of financial activity;  evaluate the quality and effectiveness of empirical data;
  • master:  the skills of writing the expert analytical overviews, research articles and reports, as well as skills of working on the gained material;  the skills of practical usage of theoretical knowledge on search methods and primary data analysis and forming of sources databases;  the skills of work with scientific sources including those in English;  the skills of work with data analysis and modelling software.
  • The learning outcomes of the course are: The students has to know:  main results of the latest researches in the financial field; their empirical tests published in the top professional magazines in the field;  methods of scientific discussions and delivering of presentations.
  •  briefly, clearly and persuasively report about the results of one’s own work and make the overview of the works in the chosen field.
  •  organize and execute the whole project cycle, including the preparing the program for the research, theoretical and literature sources analysis, choice and development of research tools, empirical research work, data input, processing and analysis, results systematization, scientific-practical research conclusions justification and work on final analytical report;
Course Contents

Course Contents

  • master classes by leading professors and practice-oriented experts
  • RS is one of the main active forms of gaining professional expertise for professional tasks which the Master student prepares for.
  • expert seminars
  • RS includes meetings with representatives of Russian and foreign companies, state and public organizations as well as master classes of experts and specialists.
  • project or methodological seminars
  • Period of time when RS is held, is divided into contact hours and self-study, that is the most suitable format for seminars, as the main attention has to be drawn to research work within real scientific projects.
  • RS has the following stages:  work on the course paper;  work on master thesis;  forms of research seminar
  • individual work of academic supervisors with students on the master thesis topics
  • Results of individual 1st year student work are presented in discussions.
  • Main study forms of RS during the second year of Master programme are project or methodological seminars and individual work of academic supervisors with students on the master thesis topics. Results of individual 2nd year student work are discussed in scientific disputes
Assessment Elements

Assessment Elements

  • non-blocking attendance
  • non-blocking participation (in discussions)
  • non-blocking the quality of reports
    The exam will be conducted in the form of a Final Quiz. Please make sure that…  you are well prepared to the final quiz on the Research course,  submitted all the home assignments,  delivered oral presentations on different parts of your individual research, and  defended all four parts of your group project on company valuation. As a reminder, your final mark will be calculated as following: Attendance = 0 Class work/ discussions = 0,25 Group Pres = 0,35 Individual research + Home Assignments = 0,4 Final = 1 The final quiz will contribute to the “Class work/ Discussions” part of your final mark. 18 June – Final quiz (Google forms). The quiz covers the theoretical aspects of research. You are expected to revise the lecture notes on the following topics: • Research Intro • Research Proposal • Literature review • Writing up the Methods Section • Time series analysis: Typical Mistakes • Discussion and Analysis • Conclusion and Recommendations • Presenting results (Part 1, Part 2) Plus… • Writing Tips For Economics Research Papers∗ Plamen Nikolov, Harvard University, June 10, 2013 Before the quiz there will be instructions provided, therefore, you are required to join the Zoom session. The link is: Research Seminar (НИС)_Exam (Final quiz) Time: 18 июн 2020 06:30 PM Москва https://us02web.zoom.us/j/6466375266 Conference ID: 646 637 5266 Pass: 960708 Join the session 10 min before 6.30 PM to make sure that you are not missing the instructions provided by the tutor. Final quiz will contain 25-30 multiple choice questions (only one answer for each question). And 1-2 discussion questions (you should write your own opinion on a particular section of a research paper of an anonymous author. Mistakes made and what could be improved). You will have to submit your answers within 1,5 hours.
  • non-blocking presentations and the quality of reports
    Means of RS current control are exams at the end of each two modules. RS failure is to be considered as a standard academic failure. RS grade is formed by:  texts, presented as different stages of work on the course paper or master thesis;  presentations made within public discussions at RS;  participation/ presentation at seminars and scientific disputes. Final grade is defined on the basis of the current control results: attendance is 0.3, participation (in discussions) is 0.3, the quality of reports is 0.4. 1st year student has to present:  project of the course paper (2 module);  overview of literature sources on the chosen topic - essay (3 module)  course paper for discussion and obtaining the grade (4 module). 2nd year student has to present:  extensive plan of the master thesis (1 module);  master thesis research program (2 module);  the master thesis for pre-defense (3 module);  the master thesis for defense (4 module).
  • non-blocking participation (in discussions)
  • non-blocking extensive plan of the master thesis
    presentation of the master thesis research program
  • non-blocking the master thesis for pre-defense
Interim Assessment

Interim Assessment

  • 2020/2021 2nd module
    0.4 * the quality of reports + 0.3 * participation (in discussions) + 0.3 * attendance
  • 2020/2021 4th module
    0.3 * attendance + 0.4 * the quality of reports + 0.3 * participation (in discussions)
  • 2021/2022 2nd module
    0.25 * participation (in discussions) + 0.5 * extensive plan of the master thesis + 0.25 * presentations and the quality of reports
  • 2021/2022 4th module
    0.25 * participation (in discussions) + 0.25 * presentations and the quality of reports + 0.5 * the master thesis for pre-defense
Bibliography

Bibliography

Recommended Core Bibliography

  • Allen N. Berger, Leora F. Klapper, & Rima Turk-Ariss. (2017). Bank competition and financial stability. Chapters, 185.
  • Edward I. Altman, & Anthony Saunders. (1998). Credit Risk Measurement: Developments over the Last 20 Years. Http://Weber.Ucsd.Edu/~aronatas/Project/Academic/Science.Pdf.
  • Hahn Shik LEE, & Woo Suk LEE. (2019). International Linkage among Mena Financial Markets. Economic Computation & Economic Cybernetics Studies & Research, 53(3), 297–314. https://doi.org/10.24818/18423264/53.3.19.17
  • Joseph P. Hughes, & Loretta J. Mester. (2008). Efficiency in Banking: Theory, Practice, and Evidence. Departmental Working Papers.

Recommended Additional Bibliography

  • MOȘTEANU, N. R. (2019). International Financial Markets face to face with Artificial Intelligence and Digital Era. Theoretical & Applied Economics, 26(3), 123–134. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsu&AN=138993627
  • Saksonova, S., & Kuzmina-Merlino, I. (2019). Cryptocurrency as an Investment Instrument in a Modern Financial Market. St. Petersburg University Journal of Economic Studies, 35(2), 269–282. https://doi.org/10.21638/spbu05.2019.205
  • Timothy J. Coelli, Dodla Sai Prasada Rao, & George Edward Battese. (2012). An Introduction to Efficiency and Productivity Analysis (Vol. 1998). Springer.