Tantárgy adatlap

A tantárgy szakmai tartalma: In accordance with the general disciplines of the B.A studies, this course in Finance is about to deliver basic understandings in relation with money, inflation, interest, foreign exchange rate, the banking system, monetary policy and business cycles. This knowledge will be essential during the further courses in International Business.

Évközi tanulmányi követelmények: Class attendance is mandatory. Participation in lectures is an important part of the process and understanding of the subject, and tutors have the right to make a so-called ‘positive attendance sheet’. Based on the ‘positive attendance sheet’ the tutor can give 5% extra points beyond all the points obtainable for the final grade. Attendance of the seminars is compulsory. The acceptable level of absence is ¼ of all lessons (i.e. 3 seminars). In exceptional cases (hospital treatment, permanent illness) provided that the total absence is less than 50%, the tutor can (if he/she so decides) give an opportunity for supplement. Study and Examination Regulations – 21§ (3) and (5)

Simple doctor’s certificates will not be accepted. If the student has exceeded the maximally allowed number of absences, only verifiable, official hospital- or treatment center documentation proving hospital treatment or permanent illness shall be accepted.

Students whose absence from the seminars exceeds the maximally allowed 3 occasions (partial seminar attendance is counted as absence), will be given a “not signed” (aláírás megtagadva”) grade. Students receiving the “not signed” grade will not have the option of taking either the final or any of the retake examinations, but shall have to retake the course in a subsequent semester.

Students who in any way disrupt a class (lecture or seminar) will be warned once. If the student’s disruptive behavior continues after the first warning, the tutor has the right to send the student out of the room and note that the student has been absent from the given class.

Vizsgakövetelmény: In keeping with the Corvinus Study and Examination Regulations, a total of 3 examination opportunities shall be offered (except for the CIEE courses where – in keeping with the American Educational Regulations only a single examination opportunity will be given, or the elective courses where professors can decide to offer only 2 opportunities). All examinations will be comprehensive (covering the whole semester’s material.) The examinations will be spaced out during the official examination period, although the first examination (taking into consideration the foreign exchange students) will be held during the first week of the final examination period. Students returning home prior to the end of the official examination period do so at their own risk as no special consideration shall be given in such cases.)

Students must sign up for exams through the Students Information System (Neptun) …. The chosen exams may be modified not later than 24 hours prior to its start. Examinations held on Mondays are exceptions, since exams on Mondays must be signed up for no later than 72 hours prior to the start. (Study and Examination Regulations 22.§ 2.) Students not signed up for a given examination will not be allowed to take it.

Students signed up for a given exam but failing to take it will be given a “not present” (“nem jelent meg”) grade. While such a grade will not decrease the total number of times they can attempt the examination, it will result in a special administrative fee.

Az értékelés módszere: Grades are earned by the students based on their class attendance, class participation, their achievements in the assignments (group or otherwise) and quizzes, presentation, midterm and final exam. If the student completed at least one of the course takes either in full or in part, the subject can only be closed with a grade.

Grades are not negotiable. Any attempt at negotiation may potentially result in official disciplinary action!

10% class activity
10% video quizzes
20% mid-term exam
20% group presentation
40% final exam

Regarding the class activity points active participation is needed.

At the beginning of some lectures we will watch a short video dealing with some aspects of the topics covered in the previous lecture. After that the students will have to answer 2-3 quiz questions.

Ethical behavior during the quiz sessions and the exams is a minimum criteria regarding that grading component; students cheating or communicating with fellow students during the quiz sessions and / or exams will not receive any video quiz and / or exam points in the semester.

In the case of the group presentation the evaluation is not individual, all group members will receive the same amount of points, but all other accomplishments are measured individually.

In the case of the final exam there is a make-up exam for those, who were not able to participate or who were failed. But there is no alternative way to secure the other components of the final grade.

Students missing more than 25% of the classes or applying plagiarism will fail.

Students are not allowed to use any dictionaries, books or lecture notes at the exams.

Tananyag leírása: Detailed class schedule, 1st – 15th week:

Date of class Topics to be discussed, readings required for the class
Week 1 Introduction
Week 2 Money and Inflation
Week 3 Interest rates
Week 4 Foreign Exchange Rates I
Week 5 Foreign Exchange Rates II
Week 6 Commercial Banks
Week 7 Midterm Exam
Bank Runs
Week 8 Central Banks I
Week 9 Central Banks II
Week 10 Monetary Policy I
Week 11 Monetary Policy II
Week 12 Student Presentations
Week 13 Business Cycles and Bubbles
Week 14 Summary
Sample Exam
Week 15 Final exam
Week 16 Make-up exam



Assignments:
The group presentations will be held on the 12. week. All group members will receive the same amount of points from the professor. The students have to prepare a power point (or equivalent) presentation. The groups will be formed and the topics will be assigned at the beginning of the semester. Individual class activity points will be distributed by the teacher for active participation and contribution.

Órarendi beosztás: According to NEPTUN

Kompetencia leírása: Understanding the role of money in the economy.
Getting familiar with the relationship of the volume of money, inflation, and interest rates.
Ability to give explanation of the appreciation (or depreciation) of the home currency against a foreign currency or a basket.
Getting familiar with the main actors in the banking system, their purpose and basic techniques.
Understanding the goal and the techniques of monetary policy.
Getting a basic understanding of the business cycles

Félévközi ellenőrzések: midterm exam

A hallgató egyéni munkával megoldandó feladatai: The students have to prepare a power point (or equivalent) presentation. The groups will be formed and the topics will be assigned at the beginning of the semester. Individual class activity points will be distributed by the teacher for active participation and contribution.

Szak neve: Applied economics BA

Irodalomjegyzék:
Kötelező irodalom:

• Lecture materials and handouts

Ajánlott irodalom:

• Lloyd B., Thomas: Money, banking and financial markets (Mason: Thomson/South-Western, 2005.)
• Kohn, Meir: Financial Institutions and Markets (ISBN13: 9780195134728; ISBN10: 0195134729) (Oxford University Press, 2003.)
• Joseph E. Stiglitz: Economics of the Public Sector: Third Edition (W.W. Norton & Company, February 2000.)