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Обычная версия сайта
07
Апрель

Theory of finance-II

2023/2024
Учебный год
ENG
Обучение ведется на английском языке
6
Кредиты
Статус:
Курс обязательный
Когда читается:
3-й курс, 3, 4 модуль

Преподаватели

Course 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

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

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

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

Assessment Elements

  • non-blocking Formative Assessment
  • non-blocking Assignment
  • non-blocking Exam
Interim Assessment

Interim Assessment

  • 2023/2024 4th module
    0.1 * Formative Assessment + 0.2 * Assignment + 0.7 * Exam
Bibliography

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