Financial Markets and Institutions
|Course objectives (competences):|
The study of this course should enable the students to learn the basic principles of the functioning of the financial markets (money market, capital market, foreign exchange markets etc.) and the financial institutions (banks, insurance companies, pension funds, investment funds etc.) which are an important part of every national economy, as well as of the world economy in whole. The financial markets and institutions do not only affect our everyday life, but also deal with the transfer of large amounts of resources which then affect the profits of the companies, the production of goods and services and the economic welfare of our and foreign economies. In the last ten or more years there have been some fundamental, revolutionary changes of the financial markets and institutions worldwide. In this way, the Macedonian financial markets and institutions experienced some dramatically changes. But, having in mind that the intensity of the changes will not decrease in future, the course is focused on giving the students such knowledge that will be necessary for understanding the financial innovation which will surely happen and which they will professionally deal with in the financial business. The acquiring of knowledge from this course is a basis for further gaining of expertise for the students who expect and want to gain positions in a broader group of attractive areas such as: banking, financial institutions in general, corporative finance, state institutions and multinational business activities.