2025/2026
Investment analysis and financial modelling
Type:
Minor
Delivered by:
Department of Strategic and International Management
Open to:
students of all HSE University campuses
Language:
English
ECTS credits:
5
Contact hours:
48
Course Syllabus
Abstract
The program is dedicated to the study of theoretical and practical aspects of investment project analysis. During the course, key project performance indicators, methods for comparing projects of different durations, principles of financial model development, and approaches to risk assessment and project financing structures are examined. The program equips students with a comprehensive understanding of investment decisions, skills in financial modeling, cash flow analysis, and investment risk evaluation.
Learning Objectives
- To develop students’ knowledge and skills in investment project analysis, master methods for evaluating project efficiency and risks, learn to develop a financial model for a project, apply comparative analysis tools, and make informed investment decisions considering existing constraints. 1. Master terms and definitions in the field of investment activity. 2. Be able to formulate key characteristics of investment projects. 3. Identify types of investment projects. 4. Evaluate the efficiency of an investment project based on the calculation of key indicators. 5. Conduct comparative assessment of investment projects with different durations. 6. Develop a financial model for an investment project. 7. Identify sources of investment financing. 8. Consider the impact of different financing sources on project efficiency indicators. 9. Identify and assess risks associated with investment projects.
Expected Learning Outcomes
- • Be able to classify investments and investment projects.
- • Perform an assessment of the economic efficiency of an investment project.
- • Conduct comparisons of investment projects based on various criteria.
- • Understand the principles of constructing a financial model for an investment project.
- • Develop a financial model for an investment project.
- • Determine the financing requirements of an investment project.
- • Consider the impact of different financing sources on investment efficiency indicators.
- • Identify and assess the risks of investment projects.
- • Apply methods for managing the risks of investment project
Course Contents
- Concept of Investments and Investment Legislation in the Russian Federation
- Investment Projects
- Evaluation of Investment Project Efficiency
- Comparison of Investment Projects
- Development of a Financial Model for an Investment Project
- Financing of an Investment Project
- Risk Assessment of an Investment Project
Assessment Elements
- Attendance
- Test 1Intermediate testing assessing students’ understanding of the covered topics; includes open and closed questions, as well as calculation tasks
- Test 2Intermediate testing assessing students’ understanding of the covered topics; includes open and closed questions, as well as calculation tasks
- Group ProjectCompletion of a group project assignment assessing the economic efficiency of a financial decision
- Exam: TestFinal testing evaluating students’ comprehensive understanding of all studied aspects of corporate finance; includes open and closed questions, calculation tasks
Interim Assessment
- 2025/2026 4th module0.1 * Attendance + 0.3 * Exam: Test + 0.2 * Group Project + 0.2 * Test 1 + 0.2 * Test 2
Bibliography
Recommended Core Bibliography
- Principles of corporate finance, , 2023
Recommended Additional Bibliography
- Berk, J. B., & DeMarzo, P. M. (2017). Corporate Finance: The Core, Global Edition: Vol. Fourth edition. Pearson.
- Corporate finance, Berk J., DeMarzo P., 2007
- Dirk Schoenmaker, & Willem Schramade. (2019). Principles of Sustainable Finance: Vol. First edition. OUP Oxford.