This course will help students to form basic knowledge in the theory of finance, acquire principles of its operation on macro- and microlevels as theoretical basis of financial policy and development of financial system. Such knowledge will be useful in conducting economic and business activity at various levels.


On completion of the module, students will become aware of: 1) the concept of finance; 2) the theoretical basis of functions and role of finances, development and realization of financial policy, organization of management and financial control; 3) the principles of finances organization in different fields of activity, basics of money funds formation and application, possible ways of finances improvement under the changing economic, social and political conditions of national development; 4) the applicable knowledge of financial work, legislative and regulatory documents which put  financial interrelations in a society into practice; 5) why and how taxes paid by citizens and businesses  can be used; 6) the causes and effects of budget deficit.