2024/2025
Основы финансов 2
Статус:
Майнор
Кто читает:
Международный институт экономики и финансов
Где читается:
Международный институт экономики и финансов
Когда читается:
3, 4 модуль
Охват аудитории:
для всех кампусов НИУ ВШЭ
Преподаватели:
Шпрингель Виктор Кимович
Язык:
английский
Кредиты:
5
Контактные часы:
52
Course 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 examIn order to get a passing grade for the course, the student must sit (all parts) of the examination.
- Home assignments
- ParticipationParticipation 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 module0.45 * 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