Financial Innovations

Major: Finance, Banking and Insurance
Code of subject: 7.072.00.O.009
Credits: 4.00
Department: Finance
Lecturer: Prof. Ihor Alieksieiev, ScD Assoc. Prof. Andriana Mazur, PhD.
Semester: 2 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: The study of an educational discipline involves the formation of competencies in students of education: integral: The ability to solve complex tasks and problems in professional activity or in the process of learning in the field of finance, banking and insurance, including of an innovative nature, which involves the application of theories and methods of financial management, conducting research and is characterized by the uncertainty of conditions and requirements for professional and research activities. General: ZK1. Ability to abstract thinking, analysis and synthesis; ZK2. Ability to communicate in a foreign language. ZK3. Ability to conduct research at an appropriate level. ZK6. Interpersonal skills. ZK10. Ability to generate new ideas (creativity). Special (professional): 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. Professional competencies of professional direction 3 (SKS-3) "Finance and credit" 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 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 05. Communicate freely in a foreign language orally and in writing on professional and scientific issues, present and discuss research results. PLO 06. To present the results of research orally and in writing, to participate in professional discussions. PLO 08. Be able to apply and manage innovative approaches in the field of finance, banking and insurance. PLO 12. To substantiate the choice of options for management decisions in the field of finance, banking and insurance and to evaluate their effectiveness taking into account the goals, existing restrictions, legislative and ethical aspects. KN2. Critical understanding of basic theories, principles, methods and concepts in education and professional activity. SK1. 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. AR1. Management of complex actions or projects, responsibility for decision-making in unpredictable conditions. AR2. Responsibility for the professional development of individuals and/or groups of individuals. 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: Previous academic disciplines: Research methodology in finance, Tax management, Insurance management, Market of financial services. Associated and following academic disciplines: Modeling of activities on the insurance market.
Summary of the subject: Study of the scientific foundations of innovative activity. Research of socio-economic development and innovative activity. Study of innovation theories, theoretical and applied principles of activity of venture enterprises, funds and venture financing. Highlighting the prerequisites of financial innovations in society and at enterprises, organizations and institutions. Study of the financial foundations of the innovative development of the enterprise. Analysis of innovative changes in the financial system of Ukraine. Study of the theoretical and methodological foundations of the activity of innovative enterprises and non-state pension funds, in particular regarding the protection of deposits in the conditions of dynamic tax legislation.
Опис: Study of the scientific foundations of innovative activity. Research of socio-economic development and innovative activity. Study of innovation theories, theoretical and applied principles of activity of venture enterprises, funds and venture financing. Highlighting the prerequisites of financial innovations in society and at enterprises, organizations and institutions. Study of the financial foundations of the innovative development of the enterprise. Analysis of innovative changes in the financial system of Ukraine. Study of the theoretical and methodological foundations of the activity of innovative enterprises and non-state pension funds, in particular regarding the protection of deposits in the conditions of dynamic tax legislation. Scientific principles of innovative activity. Economic development and innovative activity. Theories of innovation. History and prerequisites of financial innovations in society. Models of financial systems and their impact on innovative development. Innovative enterprises and economic clustering. Venture enterprises, funds and venture financing. Technological restructuring as a form of innovative development of enterprises. Innovative changes in the financial system of Ukraine. Non-state pension funds and the problem of protecting their assets. Innovativeness of expanding the use of health insurance. Formation of revenues of the budgets of territorial communities as a financial innovation. Innovative structures in the activation of enterprise development. . Innovative aspects of the development of enterprises in the region. Regional regulation of innovative development of enterprises.
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: 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. The testing in the National Security Service of 7 topics of the academic discipline, which are evaluated at a maximum of 1 point; 2. Performance of practical work with placement in the National Emergency Service, which consists of 2-3 tasks and is evaluated from 0 to 4 points for each 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.
Порядок та критерії виставляння балів та оцінок: 100–88 points – (“excellent”) is awarded for a high level of knowledge (some inaccuracies are allowed) of the educational material of the component contained in the main and additional recommended literary sources, the ability to analyze the phenomena being studied in their interrelationship and development, clearly, succinctly, logically, consistently answer the questions, the ability to apply theoretical provisions when solving practical problems; 87–71 points – (“good”) is awarded for a generally correct understanding of the educational material of the component, including calculations, reasoned answers to the questions posed, which, however, contain certain (insignificant) shortcomings, for the ability to apply theoretical provisions when solving practical tasks; 70 – 50 points – (“satisfactory”) awarded for weak knowledge of the component’s educational material, inaccurate or poorly reasoned answers, with a violation of the sequence of presentation, for weak application of theoretical provisions when solving practical problems; 49-26 points - ("not certified" with the possibility of retaking the semester control) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to apply theoretical provisions when solving practical problems; 25-00 points - ("unsatisfactory" with mandatory re-study) is given for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to navigate when solving practical problems, ignorance of the main fundamental provisions.
Recommended books: 1. Alieksieiev, I., & Mazur, A. (2022). SUSTAINABLE BANKING: THE CONCEPT OF THE BANK’S ENVIRONMENTAL POLICY IN THE FIELD OF RESOURCE ALLOCATION TO FOSTER SUSTAINABLE ECONOMIC DEVELOPMENT. Financial and Credit Activity Problems of Theory and Practice, 3(44), 8–15. https://doi.org/10.55643/fcaptp.3.44.2022.3764 2. Alieksieiev I., Kurylo O., Horyslavets P., Poburko O. (2022). Circular economy and sources of funding for scientific and technological clusters. Financial and Credit Activity Problems of Theory and Practice, 6(47), 77–87. (Web of Science Emerging Sources Citation Index?) https://doi.org/10.55643/fcaptp.6.47.2022.3917 3. Azarenkova, G., Alieksieiev, I., Hurkovskyy, M., Oriekhova, K., Golovko, O., & Kurylo, O. (2022). PUBLIC-PRIVATE PARTNERSHIP MECHANISM. Financial and Credit Activity Problems of Theory and Practice, 5(46), 240–248. https://doi.org/10.55643/fcaptp.5.46.2022.3887 4. Електронний навчально-методичний комплекс «Фінансові інновації». Укладачі: Алєксєєв Ігор Валентинович, Мазур Андріана Володимирівна Адреса розміщення: https://vns.lpnu.ua/course/view.php?id=110 Номер та дата реєстрації: Е41-231-813/2020 від 04.05.2020 р. Сертифікат № 03214. 5. Електронний навчально-методичний комплекс «Financial innovations». Укладачі: Алєксєєв Ігор Валентинович, Мазур Андріана Володимирівна Адреса розміщення: https://vns.lpnu.ua/course/view.php?id=112 Номер та дата реєстрації: Е41-231-710/2018 від 13.09.2018 р. Сертифікат № 02434. 6. 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 7. 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/ 8. Alieksieiev, I., Mazur, A., & Storozhenko О. (2021). Implementing the sustainable development goals in Ukraine: financing framework. Financial and Credit Activity: Problems of Theory and Practice, 5(40), 399–409. https://doi.org/10.18371/fcaptp.v5i40.245191 (Web of Science)
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