Management of Financial Institutions
Elena Naumovska Ph. D (associate professor)
|Course objectives (competences): |
Upon completion of this learning program, the students should be able:
|Course content: |
The course content will enable students to become familiar with the place and role of individual financial institutions – banks and non-banking institutions (pension funds, insurance companies and investment funds) within the overall financial system. By analyzing the basic functions performed by financial institutions (mobilization of savings, risk diversification, allocation of savings, reduction of information costs, and geographical and temporal redistribution of financial resources), students will be able to perceive the necessity of proper management of financial institutions aimed at encouraging economic activity and promoting financial development. Each particular type of finance institution will be analyzed from the following aspects: historical development, basic types, institutional and legal background, mode of operation, regulation and supervision, performance, investment of funds. In addition, students will be able to perform basic mathematical calculations specific to each type of financial institution, which together with theoretical knowledge will ultimately enable decision making and selection of the most favorable alternative among the various forms of investment. The course deals with the most important topics related to financial institutions and from the risk perspective they are exposed to. By studying this course students will be able to learn about the models and techniques of risk management in individual types of financial institutions.