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Money and finance

2022/2023
Programme:
Financial mathematics, First Cycle
Year:
2 year
Semester:
second
Kind:
mandatory
ECTS:
6
Language:
slovenian
Course director:

Mitja Čok, Prof. Matej Marinč

Lecturer (contact person):

Prof. Matej Marinč, Assist. Prof. Matjaž Črnigoj

Hours per week – 2. semester:
Lectures
3
Seminar
1
Tutorial
2
Lab
0
Content (Syllabus outline)

The formation of money and different types of money. The characteristics of monetary exchange
Central bank, commercial banks and the emission of money, money multiplication
Introduction to corporate finance (claims, debt and forms of financial assets, investment decisions),
Financial markets and financial institutions (money market, capital markets, monetary and non-monetary financial intermediaries)
Monetary policy (goals and instruments of monetary policy)
Public finance (public goods, taxation and the system of taxation in Slovenia)

Readings

I. Ribnikar: Monetarna ekonomija I : Denar, finančne institucije in denarna politika, Ekonomska fakulteta, Ljubljana, 2003.
T. Stanovnik, Javne finance, 2008 (izbrana poglavja)
M. Čok, T. Stanovnik, A. Cirman, V. Prevolnik Rupel, V. Rant, Javne finance v Sloveniji, 2009 (izbrana poglavja)
A. Berk, I. Lončarski, P. Zajc: Vodnik po predmetu Poslovne finance, EF, 2002 (izbrana poglavja).

Objectives and competences

The goal of the course is to introduce students with the basic framework of money and finance in the economy. The students get acquanted with the formation, issuance and multiplication of money, the role of the banking system, the structure of financial markets and financial institutions and the basics of corporate finance. The students also learn the basic framework of public finance, including the role and the sistem of taxes.

Intended learning outcomes

Knowledge and understanding: To understand the basic characteristics of the formation of money, monetary exchange, monetary policy, basics of corporate finance, monetary and non-monetary financial institutions, and the system of public finance
Application: The knowledge that the student obtains is useful at the understanding of the monetary and financial system. Certain aspects of the course are also practically applicable.
Reflection: Students will be able to align their existing understanding of the role of money and finance with the additional theoretical framework obtained at the course. and critically evaluate potential gaps.
Transferable skills:
The course consists of lectures, tutorials and seminars. The student would be able to assess the matching of theoretical concepts with real practical examples. The student will learn how to use teoretical findings in the field of money and finance. In the process of the preparation of the seminar, the student will need to collect and interpret data, use different didactic tools and report orally and in writing. The social skills of the student will also be enhanced as the group seminar will require prolonged and deepened interaction within each group.

Learning and teaching methods

lectures, tutorials, seminars and consultations Tutorials are used for concepts that require deepened understanding.
The student must be present and cooperating at the lectures and tutorials and successfully defend the group seminar from the field of mo

Assessment

Group seminar
The successfully defended group seminar is a prerequisite to writing an exam.
grading: 5 (fail), 6-10 (pass) (according to the Statute of UL)

Lecturer's references

MARINČ, Matej, VLAHU, Razvan. The economics of bank bankruptcy law. Heidelberg [etc.]: Springer, cop. 2012. XIII, 158 str., graf. prikazi, tabele. ISBN 978-3-642-21806-4. ISBN 978-3-642-21807-1, [COBISS-SI-ID 20347110]
BOOT, Arnoud W. A., MARINČ, Matej. Financial innovations, marketability and stability in banking. V: BARTH, James R. (ur.), LIN, Chen (ur.), WIHLBORG, Clas (ur.). Research handbook on international banking and governance. Cheltenham, Northampton: E. Elgar, 2012, str. 395-411. [COBISS-SI-ID 20911078]
BOOT, Arnoud W. A., MARINČ, Matej. The evolving landscape of banking. Industrial and corporate change, ISSN 0960-6491, Dec. 2008, vol. 17, no. 6, str. 1173-1203. [COBISS-SI-ID 18065638]
BOOT, Arnoud W. A., MARINČ, Matej. Crisis management and lender of last resort in the European banking market : Arnoud W. A. Boot and matej Marinč. V: ALESSANDRINI, Pietro (ur.), FRATIANNI, Michele (ur.), ZAZZARO, Alberto (ur.). The changing geography of banking and finance. New York: Springer, 2009, str. 233-250. [COBISS-SI-ID 18796262]
MARINČ, Matej. Regulation of a competitive banking system. Economic and business review, ISSN 1580-0466. [Tiskana izd.], December 2007, vol. 9, no. 4, str. 309-332. [COBISS-SI-ID 17692134]
MAJCEN, Boris, VERBIČ, Miroslav, BAYAR, Ali, ČOK, Mitja. The income tax reform in Slovenia : should the flat tax have prevailed?. Eastern European economics, ISSN 0012-8775, Sep./Oct. 2009, vol. 47, no. 5, str. 5-24. [COBISS-SI-ID 1531790]
ČOK, Mitja, DOMADENIK, Polona, REDEK, Tjaša, VERBIČ, Miroslav. Labour market reforms in the context of political power theory : the case of Slovenia. Zbornik radova Ekonomskog fakulteta u Rijeci, ISSN 1331-8004, 2009, vol. 27, sv. 1, str. 57-82, ilustr. [COBISS-SI-ID 1509262]
KOŠAK, Marko, ČOK, Mitja. Ownership structure and profitability of the banking sector : the evidence from SEE region. Zbornik radova Ekonomskog fakulteta u Rijeci, ISSN 1331-8004, 2008, vol. 26, sv. 1, str. 93-122. [COBISS-SI-ID 17978086]
ČOK, Mitja, URBAN, Ivica. Distribution of income and taxes in Slovenia and Croatia. Post-communist economies, ISSN 1463-1377, Sep. 2007, vol. 19, no. 3, str. 299-316, tabele, graf. prikazi. [COBISS-SI-ID 17346278]
ČOK, Mitja, KOŠAK, Marko, BERK SKOK, Aleš, SAMBT, Jože. Dolgoročni pomen 2. pokojninskega stebra. 1. natis. Ljubljana: Ekonomska fakulteta, 2011. VI, 81 str., tabele, graf. prikazi. ISBN 978-961-240-214-3. [COBISS-SI-ID 256140544]