Financial Innovations

Major: Finance, Banking and Insurance
Code of subject: 7.072.01.O.007
Credits: 7.00
Department: Finance
Lecturer: Prof. Ihor Alieksieiev, ScD Assoc. Prof. Andriana Mazur, PhD.
Semester: 2 семестр
Mode of study: денна
Learning outcomes: • to know the basic concepts and methodologies of scientific knowledge in the field of innovation processes in the financial market; • to search, process, systematise and analyse the information needed to solve professional and scientific problems in the field of financial innovation research; • to be able to apply and manage innovative approaches in the field of finance, banking and insurance; • to substantiate the choice of management decisions in the field of financial innovation and evaluate their effectiveness taking into account the objectives, existing restrictions, legal and ethical aspects; • to substantiate the relevance of research, the possibility of achieving the goals taking into account the available resources, to make hypotheses, to argue conclusions based on research results.
Required prior and related subjects: • Budget management, • Tax management, • Insurance management, • Financial management, • Modeling of insurance market activities, • Financial services market, • Research methodology in finance.
Summary of the subject: Scientific bases of innovation. Innovations In Business. Theory of Innovation. Theories of Innovation: Adoption and Real-World Case Analyses. Innovation Process. Innovation Management. Venture Financing: Funds, its Activity and Regulation. Venture Investors. Background of financial innovation in society and enterprises. Financial Technology – Fintech. Industry 4.0: the fourth industrial revolution – guide to Industrie 4.0. Digital transformation. The Concept of Sustainable Economic Development. Pecularities of Sustainable Economic Development in Ukraine and Ways of its Financing. The Role of Financial Institutions in Sustainable Finance.
Assessment methods and criteria: • practical training, small groups work (45%); • final control (55% - the final exam): a written component (30%), an oral component (25%).
Recommended books: 1. Electronic educational and methodical complex «Фінансові інновації». Compilers: Ihor Alieksieiev, Andriana Mazur. Available at: https://vns.lpnu.ua/course/view.php?id=110 Registration number and date: Е41-231-813/2020 from 04.05.2020. Certificate № 03214. 2. Electronic educational and methodical complex «Financial innovations». Compilers: Ihor Alieksieiev, Andriana Mazur. Available at: https://vns.lpnu.ua/course/view.php?id=112 Registration number and date: Е41-231-710/2018 від 13.09.2018 р. Certificate № 02434. 3. 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/ 4. Алєксєєв, І., & Мазур, А. (2021). Підготовка виробництва до інноваційного співробітництва суб’єктів соціально-економічних процесів як основа моделі циркулярної економіки. Адаптивне управління: теорія і практика. Серія Економіка, 10(20). Retrieved із https://amtp.org.ua/index.php/journal2/article/view/360. DOI: https://doi.org/10.33296/2707-0654-10(20)-01 5. 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)