Objectives and competences
In this course students:
1. Are familiarised with and grasp the basic definitions and concepts in the field of finance
2. Are familiarised with the importance, role and the way of functioning of financial sector in national economy
3. Are familiarised with the role of financial institutions in financial system and national economy
4. Acquire fundamental knowledge of the functioning of financial system, financial institutions , financial markets; are familiarised with the basic characteristics of financial instruments, including financial derivatives, with the concept of yield and yield to maturity, with the concept of term and risk structures of interest rates, value of money changes, exchange rate regimes, time value of money concept and acquire the fundamental knowledge in the field of banking and corporate finance
Content (Syllabus outline)
-definitions of money and monetary agregates
-systems of money value determination and their characteristics
-changes of the value of money
-financial system, financial markets
financial instruments and their characteristics
-financial derivatives
-present value of money
-interest rates and yield
-risk and term structure of interest rates
-central bank and fundamentals of its functioning
-transmission mechanism of monetary policy
-European monetary union and the role of European central bank
-banking system and basis of its functioning
-fundamentals of corporate finance
Learning and teaching methods
Common lectures
AV presentations
Case studies
Intended learning outcomes - knowledge and understanding
Development of knowledge and understanding:
Students:
1. Understand basic concepts of finance
2. Lear to use basic knowledge in the field of finance to understand the functioning of financial system
3. Can demonstrate awareness of ethical issues in the field of finance
4. Are able to discuss ethical issues in relation to personal beliefs and values.
Intended learning outcomes - transferable/key skills and other attributes
Cognitive/Intellectual skills:
Students:
1. Can analyse with guidance using given classification/principles.
2. Can collect and arrange data and ideas in a standard way.
3. Can evaluate the reliability of data using defined techniques and under guidance.
4. Students develop greater independence of thought and the ability to solve problems.
Key/Transferable skills
Students:
1. Develop professional ethics.
2. Develop learning techniques and strategies for individual study, permanent reflection and evaluation.
3. Develop interest for lifelong learning.
Practical skills:
1. Can operate in predictable, defined contexts that require use of a specified range of standard techniques
2. Is able to act with limited autonomy, under direction or supervision, within defined guidelines
Readings
Obvezna študijska literatura (Compulsory textbooks):
Markovič Hribernik T..2009. Osnove financ - zapiski predavanj. UM, Ekonomsko poslovna fakulteta. Maribor.
Markovič Hribernik T., Jagrič V., Taškar Beloglavec S., Jagrič V. (urednik). 2014. Osnove financ: skripta za vaje. UM, Ekonomsko-poslovna fakulteta. Maribor.
Aktualni članki in analize s področja financ
Dodatna študijska literatura (additional textbooks):
Mishkin, Frederic S..2019. The Economics of Money, Banking, and Financial Markets. Pearson Education. 12th edition (izbrana poglavja)
Additional information on implementation and assessment Type (examination, oral, coursework, project):
written examination 100%
Two tests are foreseen for examination during the course. Student passes the exam by reaching 56 % of total points of both tests, and when any test is evaluated with at least 45 % of all test points.
