I. SUBJECT DESCRIPTION
II. SUBJECT REQUIREMENTS
III. COURSE CURRICULUM
SUBJECT DATA
OBJECTIVES AND LEARNING OUTCOMES
TESTING AND ASSESSMENT OF LEARNING PERFORMANCE
THEMATIC UNITS AND FURTHER DETAILS
Subject name
FINANCE
ID (subject code)
BMEGT35A411
Type of subject
Contact lessons
Course types and lessons
Type
Lessons
Lecture
2
Practice
0
Laboratory
0
Type of assessment
mid-term grade
Number of credits
3
Subject Coordinator
Name
Dr. habil. Vértesy László
Position
associate professor
Contact details
vertesy.laszlo@gtk.bme.hu
Educational organisational unit for the subject
Department of Finance
Subject website
Language of the subject
magyar - HU, angol - ENG
Curricular role of the subject, recommended number of terms
Direct prerequisites
Strong
None
Weak
None
Parallel
None
Exclusion
None
Validity of the Subject Description
Approved by the Faculty Board of Faculty of Economic and Social Sciences, Decree No: 581046/15/2021. Valid from: 24.11.2021.

Objectives

The starting point of the subject is the economic appearance of money (money creation) and its circulation (financing). Its aim is to familiarize students with economic processes, areas of finances, key concepts and current dilemmas. The semester covers a wide range of topics from the perspective of providing students with comprehensive background knowledge that will enable them to analyze complex financial problems and make financial decisions. It presents the accounting identities of the four macroeconomic sectors (private sector, general government, foreign, financial markets) and then discusses the operation of each sector in detail. As a result, our students acquire not only the appropriate theoretical foundations but also up-to-date knowledge in the field of finance.

Academic results

Knowledge
  1. the conceptual system, the economic role of finances
  2. the characteristics and actors of the finance and relationships between them
  3. the most important financial relationships and theories and calculations
  4. key financial transactions, instruments
Skills
  1. to analyse and evaluate the key financial contexts in practice from an economic point of view
  2. plan and organize independent learning,
  3. comprehend and use the professional literature of the topic,
  4. grasp the professional language in writing and speech,
  5. recognize and solve practical professional problems.
Attitude
  1. are open to learn the financial processes,
  2. collaborate with their instructors and fellow students during the learning process,
  3. gain knowledge and information,
  4. are open to critical thinking.
Independence and responsibility
  1. are open to accept reliable critical remarks,
  2. are able to solve practical professional problems independently.

Teaching methodology

Lectures and written communication, use of ICT tools and techniques.

Materials supporting learning

  • Az előadások prezentációinak anyaga, ami a félév során folyamatosan fog feltöltésre kerülni.
  • Bod Péter Ákos: Bevezetés a gazdaságpolitikába. Akadémiai Kiadó, 2014
  • Kürthy Gábor: Pénzügytan. Budapesti Corvinus Egyetem, 2016.
  • Meir Kohn: Bank- és pénzügyek, pénzügyi piacok. Osiris Kiadó, 2007.
  • Zvi Bodie - David L. Cleeton - Robert C. Merton: A pénzügyek közgazdaságtana. Osiris Kiadó, 2011. Zvi Bodie, Robert C Merton, David Cleeton: Financial Economics Prentice Hall, 2012.
  • Slideshows of the lectures which will be uploaded continously during the semester.
  • Bod Péter Ákos: Bevezetés a gazdaságpolitikába. Akadémiai Kiadó, 2014
  • Kürthy Gábor: Pénzügytan. Budapesti Corvinus Egyetem, 2016.
  • Meir Kohn: Bank- és pénzügyek, pénzügyi piacok. Osiris Kiadó, 2007.
  • Zvi Bodie - David L. Cleeton - Robert C. Merton: A pénzügyek közgazdaságtana. Osiris Kiadó, 2011. Zvi Bodie, Robert C Merton, David Cleeton: Financial Economics Prentice Hall, 2012.

General Rules

Assessment of the learning outcomes described under 2.2. is based on one written end-term test; but the result can be imporved with extra midterm scores.

Performance assessment methods

In order to obtain a ‘Signed’ mark, students are required to fulfil the attendance, participation requirements (the number of allowed absences is three), the completion of attendance and written, homework issued during the year, and activity on the lessons. Final written exam, and additonal mid term exam, test (matching, embedded answers (cloze), multiple choice, random short answer matching, select missing words, short-answer, numerical, true/false) The result can be imporved with extra 20% by midterm scores.

Percentage of performance assessments, conducted during the study period, within the rating

  • Written exam: 100%

Percentage of exam elements within the rating

Issuing grades

%
Excellent 87--100
Very good 87-
Good 75–87
Satisfactory 63–75
Pass 50–62
Fail 0-49

Retake and late completion

The rules specific to the exam period apply.

Coursework required for the completion of the subject

Nature of work Number of sessions per term
Participation in contact lessons 14×2=28
Preperation for the assesment 62
total 90

Approval and validity of subject requirements

Consulted with the Faculty Student Representative Committee, approved by the Vice Dean for Education, valid from: 08.11.2021.

Topics covered during the term

Subject includes the topics detailed in the course syllabus to ensure learning outcomes listed under 2.2. can be achieved. Timing of the topics may be affected by calendar or other circumstances in each semester.

Lecture topics
1. The system of finances, history and formation of modern money, money substitutes
2. Money circulation between economic sectors, money demand -supplement, money market balance
3. Economic Cycles
4. Fiscal policy - structure of public finances, balance and balance, public debt
5. Fiscal policy - budget and tax system
6. Monetary policy - money creation, inflation, reserves
7. Monetary policy – instruments: account management, open market operations, own securities, exchange rate and interest rate influence, securities discount, mandatory reserve ratio
8. Financial markets, financial intermediation system (banks, insurers, stock exchange)
9. Active, Passive and Indifferent Banking, Insurance Products
10. Securities, investments and stock market operations
11. Balance of payments
12. International Financial Systems (IMF, EU)
13. End-term test
14. End-term test: RETAKE (Supplementary Test)
15. Buffer Week

Additional lecturers

Name Position Contact details

Approval and validity of subject requirements