Download SYLLABUS 2nd Semester, 2010/2011 academic year Code

Finance
SYLLABUS
2nd Semester, 2010/2011 academic year
Code:
Lecturer:
Nature of course:
Hours / Week::
Total hours:
Category:
Language:
Assessment:
Prerequisite:
ECTS Credits:
GTGVG118B
Sándor BOZSIK
Lecture
2 lectures
28 hours/semester
Optional
English
Participation,
Oral exam
Fluency in English
Hardworking personality
4 credits
Course Objectives
The main learning objective of this subject is to give a broad overview on the financial phenomena of
the whole economy and especially its financial sector. The subject describes the operation of the
financial markets, the circulation of money in the economy, the working of fiscal and monetary policy.
The students will be able to understand the main financial process of the economy, and to calculate the
yield and price of the main investments.
Course Structure
Week
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
EXAM
Topic
Introduction to the Finance. Task and function of a financial system
Theory of money, money functions, money theories, brief history of money
The modern financial system. Money multiplication. Fisher formula
Monetary policy. Targets and tools. The policy of Hungarian National Bank.
The classification of financial markets. Main actors and products
Types and characteristics of securities
The basics of investment evaluation. Time value of money.
Pricing of shares, bonds, bill of exchange, T-bills
Yield calculation.
Credit institutions. Why are banks special? Bank regulation
Insurance companies, Pension funds, Investments funds.
Stock Exchange. Main types, main products. The actors in a Stock Exchange
Introduction to Public Finance. Main revenues and expenses. The budgeting
process
Foreign exchange systems. Foreign exchange policies.
Oral exam during examination period
Required Readings
Peter S. Rose: Money and Capital Markets Business Publication, Inc 1986
Supplementary reading & case studies:
Additional lectures and teaching materials are available at http://coedu.uni-miskolc.hu/.
Course Assignment
 Report on the financial system of a chosen country (40 points)
 Verbal exam – score 40 points
The report should be made by the end of teaching period.
Oral exam at the end of semester, which covers all of the topics of subject. List of topics will be
available at the end of course.
Structure of report
• Introduction to the finance of the chosen country
– Population, GDP/capita, economic growth, inflation, capitalisation/GDP, total granted
non-financial loans/GDP, other social data
• Activity of monetary authority
– degree of independence
– tools of monetary policy
– analysis of balance sheet of National Bank (2006/07)
• Structure of central budget (2006/07)
– main expenses (functional distribution)
– main revenues (tax structure)
• Analysis of balance of payment (2006/07)
Address of lecturer:
Location: A/4 room 426.
E-mail: [email protected]