The course aims to enhance students' knowledge of the financial intermediation system and finance in general. The knowledge to be acquired: • The structure of finance, with a broad overview of the different subsystems. • Understanding money, the financial intermediation system, the various players, instruments and markets. • The basics of the international financial system and its main structures, development and functioning. • Current International and Hungarian financial trends.
Finance (MATUBAN-FINANCE1-1)
Basic data
Name and type of the study programme
Tourism and catering, undergraduate program
Curriculum
2024
Classes / consultation hours
2 + 0 + 0 (L+S+Labs)
Credits
3 credits
Theory – Practice
Theory: 100%, Practice: 0%
Recommended semester
Semester 1
Study mode
full-time
Prerequisites
Evaluation type
Colloquium
Course category
Compulsory
Language
English
Instructors
Responsible instructor
Szőcs Árpád
Responsible department
Gazdaságtudományi Kar
Instructor(s)
Szőcs Árpád
Checked by
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Course objectives
Course content
Lectures
The knowledge material to be mastered: 1 What is Finance? 2 Fundamentals of finance, money, and financial instruments 3 Central Banks, Monetary Policy 4 Financial intermediary system 5 Banking, insurance, funds 6 Financial markets, stock exchanges, bonds, securities 7 Bubbles and manias on the markets 8 Public Finance 9 International financial system 10 Trends of the International Financial System 11 Trends of the Hungarian Financial System 12 Fintech, Crypto
Acquired competences
Knowledge
She/He has mastered the fundamental theories and characteristics of the micro and macro organizational levels of the economy and finance. Follows and interprets global economic and international trends in finance and changes in economic policy and related policies. Able to determine the complex consequences of economic processes and organizational events. Able to use a professional foreign language at an intermediate level.
Skills
–
Attitude
–
Autonomy and responsibilities
–
Requirements, evaluation and grading
Mid-term study requirements
As part of this course, students will learn about the basic principles of the financial world, and they will take a written exam on this subject at the end of the semester. Questions asked during class offer the opportunity to earn extra points.
Exam requirements
During the exam, students demonstrate their knowledge of the topics they have studied, typically through multiple-choice questions.
Generative AI usage
Use of GAI tools is permitted in a limited manner (e.g., for literature search support or specific tools). In this case, the course instructor is responsible for defining where and how GAI tools may be used in assignments. The course description must specify in detail how GAI tools may be used during the course.
Study aids, laboratory background
Not relevant related to this course.
Readings
Compulsory readings
- RONALD W. MELICHER, EDGAR A. NORTON Introduction to Finance: Markets, Investments, and Financial Management 17th Edition. Wiley, 2019.
Recommended readings
- ALAN S. BLINDER Monetary and Fiscal History of the United States, 1961-2021. Princeton University Press, 2022 - CARL E. WALSH Monetary Theory and Policy. Mit Press, 2017. - WILLIAM N. GOETZMANN Money Changes Everything: How Finance Made Civilization Possible. REV-Revised. Princeton University Press, 2016. - YOUSSEF CASSIS, JACQUELINE COLLIER Capitals of Capital: A History of International Financial Centres, 1780-2005 Cambridge University Press, 2007. - CARMEN M. REINHART, KENNETH ROGOFF This Time Is Different – Eight Centuries of Financial Folly. Princeton University Press, 2009. - MARK AGUIAR, MANUEL AMADOR The Economics of Sovereign Debt and Default. CREI Lectures in Macroeconomics, 1, 2021. - OLIVIER BLANCHARD Fiscal Policy under Low Interest Rates The MIT Press, 2023.