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Krasnoyarsk, Russia

Сибирский федеральный университет

Finance and Banking

Language: English Studies in English

Subject area: economy and administration

University website: www.sfu-kras.ru

3 years

Finance

Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.

Wikipedia

Banking

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

Thomas Jefferson, 3rd US President, in a letter to John Taylor in 1816 [1].

Wikiquote

Finance

The real reason that physicians are rotten investors is that it never occurs to them that finance is a science, just like medicine.

William J. Bernstein The Four Pillars of Investing (2002), Introduction, p. ix.

Wikiquote

Banking

The process by which banks create money is so simple that the mind is repelled.

John Kenneth Galbraith, Money: Whence it came, Where it Went p. 29.

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