Кто читает:: Департамент финансов

Статус:: Курс обязательный

Когда читается:: 3-й курс, 3, 4 модуль

Преподаватели

Панов Михаил Сергеевич

Свиридов Олег Игоревич

Full Syllabus

Abstract

The first part of the course will be devoted to the corporate finance theory, i.e., to the financial theory of the firm. We will study the principles of optimal investment decisions by the managers of the firms, as well as the importance of choosing optimal capital structure. The second part of the course will be devoted to the theory of asset pricing. We will start with the fundamental theorem of asset pricing, which we then apply to deriving values of various financial securities

Learning Objectives

focuses on the two basic elements of the modern theory of finance, the corporate finance theory and the asset pricing theory.

Expected Learning Outcomes

be able to evaluate various investment decisions of the firms’ management
be able to price various financial instruments
learn how to evaluate the shared of publicly traded corporations
learn the key concept of the financial theory of the firm

Course Contents

Financial Statements
Discounted Cash Flow
Capital Investment Decisions
Stock Valuation
Risk and Return
The Capital Asset Pricing Model
The Arbitrage Pricing Theory
Cost of Capital
Market Efficiency
Capital Structure
Arbitrage and Equivalent Martingale Measures
Derivatives
Binomial Options
Fixed Income Markets
Speculative Investor Behavior

Assessment Elements

5 problem sets
Final Exam

Interim Assessment

2022/2023 4th module
0.7 * Final Exam + 0.3 * 5 problem sets

Bibliography

Recommended Core Bibliography

Brealey, R. A., & Myers, S. C. (2012). Principles of corporate finance. Slovenia, Europe: Irwin. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.BA880E76

Recommended Additional Bibliography

Kiyoshi Kanazawa, Takumi Sueshige, Hideki Takayasu, & Misako Takayasu. (2018). Kinetic Theory for Finance Brownian Motion from Microscopic Dynamics. Papers. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.arx.papers.1802.05993

Authors

PANOV MIKHAIL SERGEEVICH
BAKLANOV ARTEM PAVLOVICH
Соловьева Екатерина Евгеньевна

Бакалаврская программа «Экономика»

Контакты

Theory of finance-II