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Konstantin Kontor

Konstantin Kontor is Director and Professor of Finance and Strategy at the American Institute of Business and Economics in Moscow.

Corporate Finance

Goals of this Course

The main goal of this course is to provide the students with a basic understanding of the principles of finance (the opportunity cost of capital, the net present value concept, risk and return trade-off, portfolios and diversification,) as well as to discuss theoretical basis for processes and practices of financial analysis. It also includes comparisons of U.S. and Russian financial systems.

Another goal of the course is to expose the students to the Western standards and terminology used by capital markets and financial institutions worldwide.

The final goal is to expose the students to real processes of financial decision-making and financial analysis. The course is heavily based on problem solving. It also covers certain issues from the Western financial history in the form of case studies.

Course Materials

Selected chapters from the textbook:

  • Richard A. Brealey and Stewart C. Myers. Principles of Corporate Finance, (hereinafter referred to as B&M.)
  • Notes, handouts, and cases.

Grading

Grading will be based on assignments, examinations and class participation.

Because the course is heavily discussion-based attendance is mandatory. Failure to attend 40% of classes leads to immediate failure in the course and loss of credit.

During the course the students will have to submit 5 homeworks, one case write-up, and take the midterm and the final examinations. Failure to take the exams or to hand in the case report is tantamount to failure in the course.

The course will be graded in accordance with the following schedule:

Homeworks20%
Case10%
Midterm30%
Final40%
Total100%

Course Topics

  1. Introduction: Why finance matters. Net present value. How to calculate NPV
  2. Applications of NPV (I): Measuring bond yields and valuing bonds
  3. Applications of NPV (II): Valuing common stocks
  4. Making investment decisions with the NPV rule
  5. Risk, return and the opportunity cost of capital
  6. Market risk and asset pricing. Capital asset pricing model (CAPM)
  7. Capital budgeting
  8. Introduction to options
  9. Review session

You can download description of the course here.

Business Psychology (II)

Business Psychology (II) course starts on Monday, January 29, 2018.

Entrance Exam

You could take AIBEc Entrance Exam from March 12, 2018 till June 30, 2018. Students who achieve qualifying score on the exam pay reduced tuition.

Spring Semester, 2018

Spring Semester starts on January 29, 2018.