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Introduction into Financial Economics

2019/2020
Учебный год
ENG
Обучение ведется на английском языке
3
Кредиты
Статус:
Курс по выбору
Когда читается:
1-й курс, 3 модуль

Преподаватель

Программа дисциплины

Аннотация

Financial economics is an important area that can significantly affect the efficiency of the economy. The course is aimed at better understanding of the basic principles of financial economics. The course covers fundamental financial mathematics and some financial instruments.
Цель освоения дисциплины

Цель освоения дисциплины

  • The purpose of the course is to gain basic knowledge in financial economics.
Результаты освоения дисциплины

Результаты освоения дисциплины

  • Understanding of the time value of money concept.
  • Demonstration of skills to schedule loan repayments correctly.
  • Ability to evaluate the efficiency of investment projects when the main attributes are given.
  • Understanding of the structure of option contracts.
  • Capability to assess the revenue from setting up a swap contract.
Содержание учебной дисциплины

Содержание учебной дисциплины

  • Time value of money
    Present value, future value, discounting with an infinite time horizon, effective annual interest rate.
  • Lending
    Repayment plans, interest payments, principal payments, balance, annuity.
  • Investing
    Net present value, internal rate of return, payback period.
  • Derivatives (options)
    European options, spot price, strike price, options strategies.
  • Derivatives (swaps)
    Interest rate swap, currency swap, forward rate agreement, forward period, forward rate.
Элементы контроля

Элементы контроля

  • Mid-term exam 1 (неблокирующий)
  • Mid-term exam 2 (неблокирующий)
  • Final exam (неблокирующий)
    1) If more than 5% of students score the same number of points making it impossible to identify the grades clearly, then the lower grade can be applied to the whole group. 2) Percentiles are calculated only for exam papers with 40% of total points or greater. 3) If a student scores less than 40% of total points, then he/she gets «Fail» (3).
Промежуточная аттестация

Промежуточная аттестация

  • Промежуточная аттестация (3 модуль)
    0.7 * Final exam + 0.15 * Mid-term exam 1 + 0.15 * Mid-term exam 2
Список литературы

Список литературы

Рекомендуемая основная литература

  • Hull, J. C. (2017). Options, Futures, and Other Derivatives, Global Edition. [Place of publication not identified]: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1538007
  • Macmenamin, J. (2012). Financial management : #an #introduction. Slovenia, Europe: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.B19F4429

Рекомендуемая дополнительная литература

  • Alec N. Kercheval. (2012). Financial Economics: A Concise Introduction to Classical and Behavioral Finance, by T. Hens and M. O. Rieger. Quantitative Finance, (10), 1487. https://doi.org/10.1080/14697688.2012.695085