Description
Financial Economics I: Financial Markets and Instruments is a part of the English-language Master’s program in Economic Analysis.
This course provides both a descriptive and quantitative introduction to financial markets and financial asset valuation. The objective is to equip students with fundamental analytical and computational skills necessary for understanding financial markets and instruments. The main topics of the course are market structure and trading, financial risk and return, equity and fixed income valuation approaches, the concept of arbitrage, term structure theories, interest rate models, bond risk management, an overview of linear financial derivatives (forwards and futures) and alternative investments.
Will be interesting for:
- Analysts in banks, investment companies, and other financial institutions and departments.
- Analysts in non-profit research organizations and journalists, who monitor and study financial markets
- Students of economic, financial, and mathematical study programs
After course completion, you will able to:
- Identify the main characteristics of various financial instruments and the differences between them.
- Understand how financial markets are organized and what common market terms stand for.
- Distinguish between various measures of return and risk for different assets, and be able to calculate them.
- Understand how risk management of bond portfolios works.
- Understand how forwards and futures markets operate and how these instruments are priced.
- Understand what alternative investments are and their role in modern investment portfolios.
Prerequisites:
Basic knowledge of calculus (systems of linear equations, derivatives, optimization) and mathematical statistics and econometrics (the concepts of expected value, variance, standard deviation, probability, and probability distribution, properties of normal distribution, linear regression, basic tests of means and significance of coefficients)
Faculty:
Olesia Verchenko has a PhD in Economics from the University of Virginia (USA), a master’s degree in banking and finance from the University of Lausanne (Switzerland), and a master’s degree in economics from the Economics Education and Research Consortium at Kyiv-Mohyla Academy. Olesia has 20-year experience in teaching and applied research work in the field of financial markets and monetary economics.
Language: English
Education format:
The course will be held from January 09 to March 03, 2022. The detailed schedule of classes will be announced later. The course will be conducted in an online format during the day (with a possibility to come to KSE)
Price: 10 000 UAH
Course outline:
- Introduction: Financial Markets and the Economy, Market Organization and Structure, Financial Assets and Contracts, Market Regulation.
- Returns and Risk
- Equities
- Credit Market Instruments
- The Term Structure and Term Structure Theories
- Risk Management of Bond Portfolios.
- Financial Derivatives: Forwards and Futures
- Alternative Investments
