Research Methodology in Finance

Major: Finance, Banking and Insurance
Code of subject: 7.072.00.O.007
Credits: 3.00
Department: Finance
Lecturer: Prof. Ihor Alieksieiev, ScD Assoc. Prof. Andriana Mazur, PhD.
Semester: 1 семестр
Mode of study: денна
Мета вивчення дисципліни: Mastering knowledge and skills regarding research methodology in finance at different levels of the financial system.
Завдання: GK1. Ability to abstract thinking, analysis and synthesis; GK2. Ability to communicate in a foreign language. GK3. Ability to conduct research at an appropriate level. GK6. Interpersonal skills. GK10. Ability to generate new ideas (creativity). SK1. The ability to use the fundamental patterns of development of finance, banking and insurance in combination with research and management tools to carry out professional and scientific activities. SK4. The ability to evaluate the effectiveness of scientific, analytical and methodical tools for justifying management decisions in the field of finance, banking and insurance. SK6. Ability to apply interdisciplinary approaches to solving complex tasks and problems in the field of finance, banking and insurance. SK7. Ability to search, use and interpret information necessary for solving professional and scientific tasks in the field of finance, banking and insurance. SK8. Ability to apply innovative approaches in the field of finance, banking and insurance. SK10. Ability to perform scientific research in the field of finance, banking and insurance, taking into account the tasks and existing limitations. SC 11. The ability to analyze financial and tax policy at the micro and macro level and to justify directions for their improvement. SK13 The ability to develop strategies for making managerial decisions in the field of finance, banking and insurance based on the principles of liberal arts and science education. SKS-3. The ability to transform the skills and abilities of scientific research into the management of strategic development of the financial market and its participants, improvement of banking state regulation, internal audit and controlling, management of banking risks, design of banking products and services, taking into account the peculiarities of using the European banker's certificate.
Learning outcomes: PLO 01. To use the fundamental laws of the development of finance, banking and insurance in combination with research and management tools to carry out professional and scientific activities. PLO 02. To know at the level of the latest achievements the main concepts and methodologies of scientific knowledge in the field of finance, banking and insurance. PLO 04. Search, process, systematize and analyze information necessary for solving professional and scientific tasks in the field of finance, banking and insurance. PLO 05. Communicate freely in a foreign language orally and in writing on professional and scientific issues, present and discuss research results. PLO 08. Be able to apply and manage innovative approaches in the field of finance, banking and insurance. PLO 15. To present the results of one's own research, in particular, by preparing scientific publications and speaking at scientific events. PLO 16. Apply conceptual knowledge of the methodology of researching problems of financial relations at enterprises, organizations and institutions. PLO 23. Develop bank strategies on financial markets, design banking products and services, manage banking risks taking into account the requirements of the European banker's certificate. KN1. Conceptual knowledge acquired in the process of education and professional activity, including certain knowledge of modern achievements, in particular, the priorities of scientific research in the financial sphere at the current stage of economic development. AB1. Solving complex, unpredictable tasks and problems in specialized areas of professional activity and/or training, which involves the collection and interpretation of information (data), the selection of methods and tools, the application of innovative approaches for different levels and stages of scientific research, which allow for professional research and financing of scientific developments. KOM2. Ability to effectively form a communication strategy. AR3. Ability to further study with a high level of autonomy. Teaching and learning methods Lectures, seminars, practical classes: method of problem presentation, method of working in small groups, reproductive method. Independent work: reproductive method, research method. Methods of assessing the level of achievement of learning outcomes: Current control: - Testing; - Oral sample interview; - Implementation and protection of practical works. - Execution and protection of an individual task; Examination control: - Testing or performing an individual task; - Oral interview.
Required prior and related subjects: Associated and following academic disciplines: Modeling of activities on the insurance market, Tax management, Financial services market, Insurance management, Financial innovations, Financial management.
Summary of the subject: The subject of study of the academic discipline "Research methodology in finance" is the theoretical and practical foundations of scientific research in the field of finance. The discipline is one of the important mandatory educational disciplines of master's training, which ensures students' mastery of professional theoretical knowledge and practical skills in research competencies. The discipline lays the scientific foundations and skills of professionally oriented research activity of future specialists, forms a complex of knowledge and skills regarding the organization and conduct of research in the financial sphere.
Опис: The basic concepts of research: the key to getting started in research. Types of scientific research. Steps of the research process. Types of research methods. Scientific activity and state policy. Evaluating research efficiency. Research funding. Intellectual Property.
Assessment methods and criteria: - Current control: (test survey; oral survey in practical classes; work in small groups; completion of an individual task (optional) and its defense. - Final control: passing the exam (written and oral components).
Критерії оцінювання результатів навчання: • practical training, small groups work (45%); • final control (55% - the final exam): a written component (30%), an oral component (25%).
Порядок та критерії виставляння балів та оцінок: In the course of study, the applicant must demonstrate active educational activity during the semester and, based on the results of the current control, score from 26 to 45 points. Mandatory types of current control work include: 1. Testing in VEE on 7 topics of the academic discipline, which are evaluated at a maximum of 1 point; 2. Performance of practical works with placement in VEE work. 3. Performance of an individual task according to a separate option, worth 5 points and a maximum of 1.5 points for defense. In addition, the applicant can receive points for activity in classes (Oral, face-to-face interview), presentations at seminar classes, a maximum of 1-2 points. Separately, with additional points (from 5 to 10 points), the recipient is encouraged to research work - participation in competitions for research works, publication of scientific theses and articles. On the exam, the applicant can get a maximum of 55 points. The exam consists of a written and an oral component.
Recommended books: 1. Virtual learning environment: electronic educational and methodological complex of the course «Методологія досліджень у фінансах». – Available at: https://vns.lpnu.ua/course/view.php?id=10650. 2. Virtual learning environment: electronic educational and methodological complex of the course «Research Methodology in Finance». – Available at: https://vns.lpnu.ua/course/view.php?id=10652. 3. Restructuring Management. Threats, Adaptations and Development in the Face of Changes : Collective monograph [I. Alieksieiev, A. Mazur (2022) Challenges and objectives of financial support for innovation projects: analysis and international comparison (Chapter 18). – p.241–248]. Torun, Poland: TNOiK, Stowarzyszenie Wyzszej Uzytecznosci, Cracow University of Economics. https://iz.uek.krakow.pl/wp-content/uploads/2022/05/2022_Restructuring-Management.-Threats-Adaptations-and-Development-in-the-Face-of-Changes.pdf 4. Socio-economic and management concepts : Collective monograph [I. Alieksieiev, A. Mazur (2021) Providing sustainable finance: the role of financial institutions (7.1). – p.323–331]. – Boston: International Science Group. – Boston : Primedia eLaunch, 2021. DOI - 10.46299/ISG.2021.MONO.ECON.I. Retrieved from https://isg-konf.com/socio-economic-and-management-concepts/ 5. Алєксєєв І. В., Мазур А. В. (2021) Науково-технічна підготовка виробництва у забезпеченні сталих перетворень економіки // Інфраструктура ринку. – Вип. 52. – С. 61–66. DOI: https://doi.org/10.32843/infrastruct52-10. Retrieved from http://www.market-infr.od.ua/journals/2021/52_2021/12.pdf (Index Copernicus). 6. I.Alieksieiev, A.Mazur, A.Moroz. (2020). Methodology of Prospective and Current Research in Finance. Economics, Entrepreneurship, Management, vol. 7, No. 2, p. 46-60. Retrieved from http://science.lpnu.ua/eem/all-volumes-and-issues/volume-7-number-2-2020/methodology-prospective-and-current-research (Index Copernicus)
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