Theory of Finance

2025/2026

Учебный год

ENG

Обучение ведется на английском языке

Кто читает:

Департамент финансов

Статус:

Курс обязательный

Когда читается:

2-й курс, 1, 2 модуль

Преподаватели

Камбаралиева Касиет Маратовна

Кракович Виктор Валерьевич

Лодягин Борис Алексеевич

Course Syllabus

Abstract

It is an introductory course to the theory of finance. The course starts with discussing the basics terms such as the cashflows, NPV, and progresses towards more advanced topics. It also discusses empirical puzzles and practical applications of the financial concepts. After mastering this course, the students will gain initial knowledge on the theory of finance and will be able to apply it in solving some simple real life problems.

Learning Objectives

• To know theories of finance and their appropriate applications
• To critically analyze the given problem and to derive comprehensive solutions for the given problem
• To identify a problem and select appropriate models to solve it

Expected Learning Outcomes

• To know basic financial concepts
• To build financial models of the projects and firms
• To identify appropriate models to address business problems

Course Contents

• Introduction
• Time value of money
• Interest rates
• Investment Decisions
• Fundamentals of Capital Budgeting
• Bonds
• Stocks
• Portfolio Theory
• Capital Asset Pricing Model
• Cost of Capital
• Investor Behavior and Capital Market Efficiency
• Capital structure
• Introduction to Derivatives
• International Finance

Assessment Elements

• Lecture quizzes
• Midterm
• Lecture quizzes
• Exam
• Interim test
• Seminar activities
  Seminar participation. For each seminar student gets ether "+" or "-". "+" means tha the student attend the seminar, actively participate in it and work on the assignments. Otherwise, student gets "-" for this seminar.

Interim Assessment

• 2025/2026 2nd module
  0.25 * Exam + 0.15 * Interim test + 0.15 * Interim test + 0.05 * Lecture quizzes + 0.05 * Lecture quizzes + 0.25 * Midterm + 0.05 * Seminar activities + 0.05 * Seminar activities

Bibliography

Recommended Core Bibliography

• Richard Brealey, Stewart Myers, & Franklin Allen. (2020). ISE EBook Online Access for Principles of Corporate Finance: Vol. Thirteenth edition. McGraw-Hill Education.

Recommended Additional Bibliography

• International finance, Pilbeam, K., 2013
• MARKOWITZ, H. (1952). Portfolio Selection. Journal of Finance (Wiley-Blackwell), 7(1), 77–91. https://doi.org/10.2307/2975974

Authors

• Krakovich Viktor Valerevich
• SOLOVEVA EKATERINA EVGENEVNA