Основы финансов 2

2024/2025

Статус: Майнор

Кто читает: Международный институт экономики и финансов

Где читается: Международный институт экономики и финансов

Охват аудитории: для всех кампусов НИУ ВШЭ

Язык: английский

Кредиты: 5

Full Syllabus

Abstract

This course will provide an introduction and overview of the Finance discipline. The course is designed as a foundational course in finance on which subsequent, more specialised finance courses are based. This course is divided into two parts. The second part introduces corporate finance, which is concerned with how businesses make financial decision. It compares different banking systems and discusses the standard tools of risk management for financial institutions, the regulation of the banking system, and the role and rationale of financial intermediation in the economy. Part I serves as a prerequisite.

Learning Objectives

To introduce students to the fundamental principles underlying finance and financial decision making by individuals and firms.
To provide a broad understanding of financial theory, particularly in relation to the valuation of investments (both real and financial), and the main conclusions and implications derived therein.
To explain the importance of finance, financial markets, and institutions to individuals, firms, and society in general.

Expected Learning Outcomes

Identify and explain the defining characteristics of a corporation versus other forms of business organisation and discuss the financial management implications of these differences.
Understand, interpret and synthesise information contained in key financial statements.
List and explain the types of securities that firms can issue to finance themselves, and their constituent features.
Understand how companies issue new shares, discuss the associated costs and benefits, and calculate the related price impact in a security offering.
Understand, explain and apply different capital structure theories.
Discuss the strengths and weaknesses of different capital budgeting techniques (e.g. NPV and IRR) and apply these techniques to evaluate investments in real assets.
Calculate and apply different costs of capital in valuation.

Course Contents

The functions of the financial system and the role of financial intermediaries
Taxonomy of major financial intermediaries
Risks in Banking.
Banking regulation. Regulative and Economic Capital
Risk Management

Assessment Elements

Final exam
In order to get a passing grade for the course, the student must sit (all parts) of the examination.
Home assignments
Participation
Participation includes classwork and quizzes. Classwork tasks include elements of soft skills development such as teamwork, communication abilities, and management skills. Classwork includes participation in discussions, problem-solving (individually and in groups), group presentation on several topics.
Spring midterm

Interim Assessment

2024/2025 4th module
0.45 * Final exam + 0.15 * Home assignments + 0.15 * Participation + 0.25 * Spring midterm

Bibliography

Recommended Core Bibliography

Financial institutions management : a risk management approach, Saunders, A., 2018
Principles of corporate finance, Brealey, R. A., 2017

Recommended Additional Bibliography

Corporate finance, Berk, J., 2014
Financial markets and institutions, Mishkin, F. S., 2018
Financial theory and corporate policy, Copeland, T. E., 2005
The UK financial system : theory and practice, Buckle, M., 2004

Authors

SHPRINGEL VIKTOR KIMOVICH

Course Syllabus