7M07400 Финансы в Университет «КИМЭП»

Macroeconomics course covers fundamental macroeconomic concepts. The first part provides the building blocks of aggregate output and income measurement, aggregate demand and supply analysis, and the analysis of the factors affecting economic growth. The second part explains fluctuations in economic activity, known as business cycles, which have important effects on businesses and investment environment. The third part discusses monetary and fiscal policies and implementation by central banks and governments to mitigate the severity of economic fluctuations and to achieve other policy goals. Finally, some issues of international economics are discussed.

The way people interact and are led in organizations affects the quality of work life and the overall effectiveness of organizations, including the ethical culture that develops within organizations. The material in this course exposes students to some of the main themes associated with managing and ethically leading people, such as attitude, personality, values (including trust), ethical dilemmas, organization culture, human relations psychology, and the role of group behavior in organizations. This core course also includes issues associated with motivation and job satisfaction, power (abuse) and empowerment, organizational politics and corruption, teamwork, organization change, interpersonal/organizational communication, and the critical role that leadership plays in organization success in today’s global business world.

Microeconomics course focuses on the microeconomic principles used to describe the marketplace behavior of consumers and firms. The first part of the course covers the concepts and tools of demand and supply analysis—the study of how buyers and sellers interact to determine transaction price and quantities. The second part covers the consumer theory, which addresses the demand for goods and services by individuals who make decisions to maximize the satisfaction they receive from present and future consumption. The third part deals with the theory of the firm, focusing on the supply of goods and services by profit- maximizing firms, and provides the basis for understanding the cost side of firms’ profit equation. The final part addresses firm’s revenue issues and discusses the types of markets in which firms sell output. Overall, the course provides the economic tools for understanding of product and resource markets functioning and the competitive characteristics of different industries.

This course introduces the basic concepts of study design, data collection, data analysis and statistical inference. Topics include an overview of observational and experimental study designs; graphical and numerical descriptive statistics; probability distributions for simple experiments and for random variables; sampling distributions, confidence intervals, and hypothesis testing for the mean and proportion in the case of one sample. The emphasis is on developing statistical reasoning skills and concepts. The objective of the course is not just to create a better understanding of statistics but to have a business perspective on the use of the statistical analysis technique as well. Students will be often asked to interpret given data analysis results from a business perspective and to consider further business implications in the analysis.

The course focuses on business communication skills in organizations; particularly writing concise and error-free business documents, interpersonal communication, small-group communication, and presentational speaking in a business context. These skills are almost universally identified as values critical to success in management. Issues considered include coherence, clarity, style, tone, empathy, and other basic elements in communication success. The course also develops understanding of communication theories, describes strategies for planning managerial communications and looks at how new technologies are changing the way people in business communicate, and the implications those changes have for organizations.

This course aims to address advanced financial management issues emphasizing on practical application of theories. It focuses on critical examination of modern finance theory and integrated approach for a firm’s investment and financing decisions under uncertainty and imperfect capital markets’ environment. It also examines investment and financing decisions from strategic and global perspectives. Major topics include, but not limited to, advanced asset pricing models, option valuation models, real options, alternative and modern approaches for capital management, dividend policies, corporate risk management, corporate governance issues.

This course introduces students to one of the largest segments of global financial markets – fixed-income investments. It will start with description of characteristics and types of fixed income securities, and continue with valuation of these financial instruments, risk and return for fixed-income and credit analysis.

This course introduces the CFA Institute Code of Ethics and Standards of Professional Conduct that will be essential for decision-making in the investment industry. Each standard presents the procedures that should be taken to resolve ethical conflicts, and recommend procedures of compliance. Students will be introduced to Global Investment Performance Standards, the CFA Institute Soft Dollar Standards and other important standards needed for professional judgment. Case studies and exercises will be used to show how these standards are applied in practice.

This course focuses on conceptual financial management issues such as theories of capital structure, principles of capital budgeting, comparison of capital budgeting approaches, asset pricing, projects’ and firms’ valuation methods, measures of leverage, cost of capital and analysis of factors that impact a firm’s ability to raise financing from different sources, financial planning and forecasting. It also examines dividend policy, working capital policy, liquidity management policy and may include some introductory topics of corporate restructuring, mergers and acquisitions etc.

This course aims to provide students with insights into financial reporting and analysis, which is used by companies to evaluate the performance. The course will explain the accounting principles and standards, which are used for preparation of financial statements; how these financial statements are prepared. It will start with overview of each financial statement and its role and continue with the most important items and their valuation and presentation in these statements.

The course examines the foundations of modern portfolio theory, asset pricing models, the trading of securities and a framework for investment analysis of various financial instruments. The modern portfolio theory and asset valuation based on the capital asset pricing model, arbitrage pricing theory and portfolio planning and construction are introduced and discussed. Also, the course offers a look at the financial industry and practice within the context of behavioral theory in order to understand the psychological aspect and reactions of individuals to financial markets and economic conditions. Decades of academic research on how human behavior and psychology affect financial decisions (and thus markets) is impacting the investment profession. Students will have an opportunity to learn how this new approach either supports or refutes the conventional wisdom.

This course presents to students derivative investments and their application for hedging different kinds of risk. This course places emphasis on market operations and the valuations of forward, futures, swaps, and options contracts and their interrelations. Major topics of trading strategies include hedging, arbitrage and speculation, and of market operations on stock index, interest rate instruments, and foreign currencies. Binomial and Black-Sholes option pricing models as well as recent innovations in derivative markets are discussed.

This course presents new challenges in a dynamically changing financial system and deals with the exploration of investment opportunities for the investors. The course provides students with insights into equity analysis and valuation, covering topics like: characteristics of equity investments, security markets, indices; market organization, structure and its efficiency; uses of industry analysis; and concepts and basic tools for equity valuation. Also, the course introduces alternative investments and discusses their relation to traditional investments. Students are provided with definition and classification of alternative investments, their categories, valuation, risks and opportunities.

This course aims to address advanced financial management issues emphasizing on practical application of theories. It focuses on critical examination of modern finance theory and integrated approach for a firm’s investment and financing decisions under uncertainty and imperfect capital markets’ environment. It also examines investment and financing decisions from strategic and global perspectives. Major topics include, but not limited to, advanced asset pricing models, option valuation models, real options, alternative and modern approaches for capital management, dividend policies, corporate risk management, corporate governance issues.

Определять и применять концепции и теории управления людьми и организациями

Эффективно использовать количественные инструменты и методологии в инвестиционных исследованиях;

Анализировать инвестиционные возможности, используя данные экономического и финансового учета;

Уметь применять различные инвестиционные инструменты, т.е. акции, фиксированный доход, производные и альтернативные инвестиции;

Уметь строить надлежащие и оптимальные инвестиционные портфели для различных типов инвестиций, временного горизонта, толерантности к риску, налогов и другое;

Использовать современные информационные программные обеспечения, для сбора информации, анализа и проведения научного исследования в области финансов;

Развивать навыки эффективного делового общения;

Проведение независимой исследовательской и практической подготовки под надзором, в том числе с привлечением теоретических структур в Казахстане и странах Центральной Азии и СНГ;

Синтезировать межфункциональные знания об инвестиционном процессе и применять эти знания в глобальном контексте.

Описать микро- и макроэкономические перспективы функционирования бизнес-организаций в глобальном контексте.