Кто читает:: Школа финансов

Статус:: Курс по выбору

Когда читается:: 3-й курс, 1, 2 модуль

Преподаватели

Добрынская Виктория Владимировна

Монастырская Аглая Дмитриевна

Пирогов Никита Константинович

Full Syllabus Ask Question

Abstract

This is an introductory course in Finance which covers the basic principles of financial markets and asset pricing. We will discuss different financial instruments and how to use them for investment or hedging purposes. We will proceed to the basics of asset valuation. The starting point will be the present value formula. We will then talk about fixed-income securities, their valuation and the term structure of interest rates. The course will then move to stocks, starting with portfolio theory and then deriving the relation between risk and return. We will study the main asset-pricing models: the CAPM and the APT. We will talk about empirical multifactor models and various risk factors. Then, we will turn to derivatives, their replication and valuation based on no-arbitrage principle, and the use of them for hedging purposes. Finally, we will talk about cryptocurrencies and non-fungible tokens as alternative investment assets and their valuation.The course has a blended format and consists of online and offline lectures and classes.

Learning Objectives

The aim of the course is to familiarize students with various financial instruments, financial markets and basic principles of asset pricing and risk management. Students will learn financial terminology in English and Russian. Students will know how to form and diversify portfolios of assets, how to find expected returns and risks of assets and portfolios of assets. Students will be able to find fair prices of financial assets and make investment decisions. Students will know the notion of risk premium and models characterizing equilibrium risk premiums. They will be familiar with the most popular risk factors, types of arbitrage and speculation strategies, asset-pricing anomalies.

Expected Learning Outcomes

Apply up-to-date research techniques in economics and finance
Know basic principles of finance and asset pricing
Be able to evaluate financial assets and form portfolios of assets
Know the basic principles of diversification, speculation, arbitrage and hedging.
Learn how to conduct empirical research in asset pricing

Course Contents

Full syllabus

Assessment Elements

Quizzes
Quizzes are short tests with multiple-choice and open-ended questions.
Final test
Mid-term test
The test consists of 3 open-ended problems which students are expected to solve.

Interim Assessment

2024/2025 2nd module
0.25 * Final test + 0.6 * Mid-term test + 0.075 * Quizzes + 0.075 * Quizzes

Bibliography

Recommended Core Bibliography

Brealey, R. A., & Allen, F. (2015). Principles of corporate finance. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.BEEE7487
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
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.CC4D54D7
Financial markets and corporate strategy, Grinblatt, M., 2002
Principles of corporate finance, , 2023
Principles of corporate finance, Brealey, R. A., 2011
Principles of corporate finance, Brealey, R. A., 2017
Principles of corporate finance, Brealey, R. A., 2020
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

Financial markets and corporate strategy, Grinblatt, M., 2004

Authors

Dobrynskaia Viktoriia VLADIMIROVNA

Бакалаврская программа «Экономика и статистика»

Financial Economics