To complete the requirements for the Certificate in Finance, students must complete the following courses:
- Principles of Corporate Finance
The course discusses the basic principles of finance (the opportunity cost of capital, the net present value concept, risk and return trade-off, portfolios and diversification), as well as the theoretical basis for financial decision making. It also includes comparisons of the U.S. and the Russian financial systems.
- Capital Markets and Financial Institutions
This course is devoted to the nature, role, and functioning of financial institutions. It focuses on ways to alleviate problems caused by private information. Developed and emerging capital markets are compared. Major attention is paid to the interaction between a regular individual and financial institutions in the age of big data, the internet, and social media.
- Principles of Business Law
Covers basic US and Russian legal institutions, civil and criminal law, contracts, commercial paper, negotiable instruments, secured transactions, and other topics.
- Takeovers, Restructuring, and Corporate Governance
This course examines the process by which takeovers and other corporate control transactions take place and the role of the market for corporate control in leading to economic restructuring and shifts in resource allocation by corporations. Various corporate control battles in the Russian industry are screened against the general theory and Western practice. Of special importance is the discussion of the influence of corporate governance issues on company valuation, especially in emerging capital markets.
- International Finance and Risk Management
The course discusses the principles of international finance (economics of the international environment, purchasing power parity, and sources of risk in the international financial markets) and the theoretical background on which the practices of operation of the international financial markets are based.
Optional courses of interest to students in this program include Financial Accounting
and Managerial Accounting