FINANCIAL MARKETS AND INSTITUTIONS Liudmila Aleksandrovna Guzikova Professor,

FINANCIAL MARKETS AND INSTITUTIONS Liudmila Aleksandrovna Guzikova Professor, Sc. D (Economics)

SYLLABUS Theoretical principles of financial market. Kinds and types of financial instruments. Investment quality of financial instruments. Models of financial markets. Financial institutions. Central banks and banking system. Stock exchange.

Κinds of work Lectures — 1 hour per week Tuesday, every 1 st week, 14. 00 Practice — 2 hours per week Tuesday, every week, 16. 00 — group 127431/0402 18. 00 — group 127431/

Types of practical work Task solving Tests Information search and analysis Computer modelling Essay Presentation Discussion

Forms of practical work individual in small groups

Literature 1. Jeff Madura. Financial Markets and Institutions. Cengage Learning; 10 th edition. 2012 Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. The recipient of multiple awards for excellence in teaching and research. 2. Frederic S. Mishkin, Stanley G. Eakins. Financial Markets and Institutions. Pearson Series in Finance. 8 th Edition. 2015 Frederic S. Mishkin is an American economist and professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He was a member of the Board of Governors of the Federal Reserve System from 2006 to 2008. Stanley G. Eakins is the Dean Professor Department of Finance College of Business East Carolina University

ESTIMATION CRITERIA Kind of work Maximal score Lectures attendance 20 Current activity 40 Exam 40 Total

Maximal score for each kind of work should be divided by the actual volume of the work (number of lectures, number of current tasks, number of the exam tasks considering their weights) in the semester and multiplied by the volume of work fulfilled by the certain student. If the current task is not fulfilled in time with the delay within 1 week than the resulting points should be multiplied by coefficient 0. 8. If the delay exceeds 1 week the coefficient 0. 5 should be applied. Resulting score is the sum of the points collected in all kinds of work.

Final result Resulting score Final grade 90 -100 Excellent 5 70 -90 Good 4 50 -70 Satisfactory 3 0 -50 Unsatisfactory 2 Lower boundary included

Project (with separate grade) Your project should correspond to Bank of Russia Project from 19. 02. 2016 “ Guidelines for the Development of the Russian Financial Market in 2016 – 2018” and to be directed to the benefit of the financial market of the country where you study your master program

Areas of projects 1. protecting the rights of consumers of financial services and financial literacy of the population of the Russian Federation; 2. improving access to financial services for households and small and medium-sized businesses; 3. discourage unfair behavior in financial markets; 4. increasing the attractiveness to investors of equity financing of public companies by improving corporate governance; 5. the development of the bond market and syndicated loans; 6. improving financial market regulation, including the use of proportional control, optimization of the regulatory burden on financial market participants; 7. training of persons whose professional activity is related to the financial market; 8. promote the use of electronic interaction mechanisms in the financial market; 9. international cooperation in the field of development and implementation of the rules regulating the global financial market; 10. improvement of tools to ensure the stability of the financial market.

The topic for the project should be chosen according to the last digit in your student record-book’s number

What should be done within the project Current situation for the subject under consideration should be described analyzed by means of quantitative methods Your suggestions should be clearly and specifically formulated and substantiated by means of quantitative methods

Requirements You should substantiate the topicality of the project Your suggestions should be supported by theory The references should be made for provisions and data used in the project You should clearly show theoretical contribution, practical value and scientific novelty of your results

Projects may be worked out individually or in small groups The projects are to be defended. Project presentation takes 10 minutes. Answering questions takes 5 minutes