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Theory of Finance

2022/2023
Учебный год
ENG
Обучение ведется на английском языке
6
Кредиты
Статус:
Курс обязательный
Когда читается:
1-й курс, 1, 2 модуль

Course Syllabus

Abstract

Essentially the course is an introduction to the theory and practice theory of modern financial economics and financial management, with a focus on capital markets and investments, and quantitative finance. It will introduce you to, or help you revise, the basic fundamentals – the most important concepts and analytical tools used in financial decision making, the important role of financial markets in finance, the basic principles of valuation, investing capital in investment opportunities to create value, the meaning and management of risk, and how organizations should raise and invest capital. The course consists of lectures (28 hours) and seminars (28 hours). The seminars involve student presentations (individually or in small groups) of contemporary research on financial system, Theory of Change in finance, corporate and public finance, financial management published in leading economics and finance journals. For each topic, a list of suggested articles is provided by the instructor.
Learning Objectives

Learning Objectives

  • The basic objective of this foundation course in finance is to summarize the fundamental theoretical aspects of finance relevant to the future study of finance and application within the scope of your master’s degree.
  • Acquire knowledge in the field of finance theory, decision-making skills in various areas of financial science.
  • Acquire the skills of empirical analysis in the field of finance
Expected Learning Outcomes

Expected Learning Outcomes

  • Explain the intuition behind the pecking order theory of finance
  • Know the concept of uncertainty and risk in the modern theory of finance. Understand capital asset pricing model. Understand arbitrage theory of asset pricing. Can compare call and put options
Course Contents

Course Contents

  • Topic 1. Financial assets: bond (theory and yields), shares (equity valuation).
  • Topic 2. Market efficiency
  • Topic 3. Mean-Variance theory. Expected utility approach.
  • Topic 4. Alternative measures to mean-variance
  • Topic 5. Introduction to financial crisis theory. Financial risk management
  • Topic 6. Advanced Topics in finance.
  • Topic 7. Theory for Financial Decisions
  • Topic 8. The interest rate theory
  • Topic 9. Bond Prices and Yields
  • Topic 10.
Assessment Elements

Assessment Elements

  • non-blocking Homework
  • non-blocking In-class activities
  • non-blocking Written assignment
  • non-blocking Final Examination
    The midterm test will take a form of 2 hours (80 min) test of 40 open-ended questions in the LMS environment. The student is exempt from the exam if he has completed all the projects of the course.
Interim Assessment

Interim Assessment

  • 2022/2023 2nd module
    0.3 * Final Examination + 0.3 * Written assignment + 0.1 * In-class activities + 0.3 * Homework
Bibliography

Bibliography

Recommended Core Bibliography

  • Теория финансов предприятий : учеб. пособие для вузов, Моляков, Д. С., 2000
  • Теория финансов предприятий : учеб. пособие, Моляков Д.С., Шохин Е.И., 2000

Recommended Additional Bibliography

  • Теория финансов : материалы для чтения : [по книге Martin J.D., Cox S.H., MacMinn R.D. The theory of finance], Martin J.D., 2008