Financial System in Economy 2600-FsiE
1. Money and its forms
• Definition and functions of money
• Currency systems
• Forms of money
2. Financial instruments
• money bills, treasury bills, certificates of deposit, commercial papers
• shares, subscription rights to shares, rights to shares, depository receipts
• bonds (convertible, with warrants, revenue, etc.)
• instruments issued by investment funds (participation units, investment certificates), settlement units of pension funds
• covered bonds (mortgage and public)
• insurance instruments (policy)
• derivative instruments (forwards, futures, options, warrants, swap transactions)
• banking products – loans, deposits, etc.
3. Financial intermediation institutions
• Banks (deposit-credit, investment, universal)
• Funds (open-end investment, closed-end investment, hedge, venture capital and private equity, pension)
• Insurance companies
• Stock exchanges and over-the-counter market institutions
4. Financial markets in the economy
• Classification of financial markets in the economy: money and capital
• Interbank foreign exchange market (FOREX)
• Interbank money market
• Forms of markets in the economy: primary and secondary markets, public trading
• Spot and futures markets. Forwards, futures and options transactions.
5. Factoring, forfaiting and leasing and securitization.
Course coordinators
Type of course
Learning outcomes
After completing the course (lecture and classes), the student:
Knows and understands:
K_W01
K_W02
K_W03
K_W04
K_W05
Can:
K_U01
K_U04
K_U05
K_U06
K_U07
K_U08
K_U09
Is ready to:
K_K01
K_K02
Assessment criteria
Ongoing assessment (current preparation for classes and activity), mid-semester written tests in the form of tests (open questions, closed single- and multiple-choice questions) and oral answers, attendance control, group work during classes. A necessary condition for passing the exam is submitting the work done in groups and passing it.
Learning outcomes will be verified on an ongoing basis through tasks performed by participants and finally during the seminar.
• 10% work in classes,
• 50% group project;
• 40% final test
Lectures given by outstanding experts in a given field,
multimedia presentations,
Interactive group and individual exercises,
Consultations with practitioners,
Case studies
EU
EP
T
E
Proj
PP
CS
R
AZ
Passing the subject:
• 10% work in classes,
• 50% group project;
• 40% final test
In total, you will be able to earn 100 points during the exercises, the number of which will determine the final grade:
0-50 points – grade 2
51-60 points – grade 3
61-70 points – rating 3.5
71-80 points – grade 4
81-90 points – rating 4.5
91-100 points – grade 5
Bibliography
Neave E., 2011, Modern Financial Systems: Theory and Applications: John, Wiley & Sons
Saunders, A., Cornett, M.M., 2018, Financial Markets and Institutions, McGraw-Hill Education.
Saunders, A., Cornett, M.M., 2017, Financial Institutions Management: A Risk Management Approach, McGraw-Hill Education.