Магистратура
2026/2027
Мировые финансовые рынки
Статус:
Курс по выбору (Мировая экономика)
Кто читает:
Департамент мировой экономики
Где читается:
Факультет мировой экономики и мировой политики
Когда читается:
2-й курс, 1, 2 модуль
Охват аудитории:
для своего кампуса
Преподаватели:
Голубков Дмитрий Юрьевич
Язык:
английский
Кредиты:
6
Контактные часы:
40
Course Syllabus
Abstract
World Financial Markets provides a systematic introduction to the architecture and functioning of the global financial system. The course is designed to equip students with a comprehensive understanding of the international financial markets as an integrated entity encompassing foreign exchange, money, credit, and equity segments. The curriculum examines key institutions (global commercial and investment banks, central banks, international financial organizations, multinational corporations), instruments (bonds, equities, derivatives), and regulatory frameworks that shape capital flows in the modern economy. Special emphasis is placed on the analysis of interest rates, exchange rates, and cross-border capital movements.
Learning Objectives
- The primary objective of the course is to develop in students a systemic understanding of the logic governing the global financial market as an integrated multi-layered system, as well as to cultivate practical skills in market analysis, risk assessment, and investment decision-making under conditions of environmental uncertainty.
- Core tasks of the course include: • Studying the institutional structure of the global financial market (foreign exchange, money, credit, and equity segments); • Mastering the methodology of pricing for both underlying and derivative financial instruments; • Analyzing the mechanisms of cross-border capital movements and exchange rate determination; • Building competencies in interpreting macroeconomic indicators and news flows for forecasting market dynamics.
Expected Learning Outcomes
- A: Upon successful completion of the course, students will demonstrate the following competencies:
- B: Knowledge (theoretical foundation): • What constitutes the global financial market, its principal segments, and their interconnections; • The key players in global financial markets, their functions, and strategic interests; • The primary macroeconomic factors determining exchange rates and equity index dynamics; • The fundamental principles of financial instrument pricing and the operational logic of major stock exchanges.
- C: Skills (applied competencies):• Independently sourcing, processing, and interpreting market data using open-access information platforms; • Calculating core valuation metrics: present value of bonds and equities, forward exchange rates, and yield-to-maturity for fixed-income instruments; • Analyzing news flows (Fed and ECB policy decisions, inflation data, geopolitical events) and formulating reasoned short- to medium-term forecasts for price movements;
- D: • Assessing risk-return trade-offs in constructing hypothetical investment portfolios, accounting for country-specific and sectoral characteristics; • Critically interpreting reports from leading investment banks and rating agencies, identifying actionable signals for decision-making.
Course Contents
- Topic 1. Introduction to the Discipline
- Topic 2. Purpose and Structure of the Balance of Payments
- Topic 3. Corporate Financial Statement Analysis
- Topic 4. Bonds: An Introduction
- Topic 5. Measuring Bond Returns
- Topic 6. Factors Affecting Bond Yields and the Term Structure of Interest Rates
- Topic 7. Equities and Stock Markets
- Topic 8. Foreign Exchange Markets
- Topic 9. Futures
- Topic 10. Options
Interim Assessment
- 2026/2027 2nd module0.6 * Final Examination + 0.2 * Seminar Participation + 0.2 * Lecture Attendance
Bibliography
Recommended Core Bibliography
- Foundations of financial markets and institutions, Fabozzi, F. J., 2014
- Investment management, Fabozzi, F. J., 1995
- Жариков, М. В., Мировые финансы=World finance. : учебник / М. В. Жариков. — Москва : КноРус, 2025. — 352 с. — ISBN 978-5-406-14678-1. — URL: https://book.ru/book/957696 (дата обращения: 09.12.2025). — Текст : электронный.
Recommended Additional Bibliography
- Financial markets and institutions, Mishkin, F. S., 2012
- Investments, Bodie, Z., 2009