Course detail

Finance

FP-RfinKAcad. year: 2011/2012

Financial market structure, institutions and tools. Money market – monetary policy, banking, active and passive banking products, payment system. The capital market – basic rules for financial investments, investment tools (types of securities and ways of capital market analysis), capital market institutions. Public finance and insurance.

Language of instruction

Czech

Number of ECTS credits

5

Mode of study

Not applicable.

Guarantor

prof. Ing. Mária Režňáková, CSc.

Department

Institute of Finances (ÚF)

Learning outcomes of the course unit

After completion of the course, student is able:
- to define financial market position, importance and function in the economic system;
- to characterize status, function and tools of central bank;
- to utilize services provided by commercial banks and to understand basic principles of commercial banks’ management;
- to describe the importance of capital market, its tools (securities) and institutions from the view of financing and investment;
- to characterize insurance market, its participants, tools;
- to define public finance functions and tools.

Prerequisites

Successful completion of the course is conditional on the knowledge of business economics and macroeconomics.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Teaching methods depend on the type of course unit as specified in the article 7 of BUT Rules for Studies and Examinations.

Assesment methods and criteria linked to learning outcomes

WAY OF EXAMINATION:
The exam has a written part only and is oriented to verify knowledge of the taught problems. The final classification is done according to Rules for Study and Examination of Brno University of Technology.

Course curriculum

1. Structure of the course. Organization of study and exams. Basic terminology and relations. Financial market. Bank system.
2. Money policy of central bank. International Financial Institutions. European Monetary Union.
3. Commercial bank and its role. Bank deals. Rules of cautious behavior. Bank risk.
4. Bank accounts. Types of credits, credit system, credit score. Collateral. Interest and repayment of loans.
5. Domestic and foreign payment system, payment transactions (cheques, payment cards, documentary collection, documentary credit).
6. Bills of exchange and their flow.
7. Leasing. Factoring. Forfaiting.
8. Venture capital. Support of the enterprise.
9. Capital markets’ principle and functions. Basic types of securities.
10. Financial investments. Capital market analysis.
11. Financial derivatives. Capital market institutions.
12. Insurance.
13. Public finance.

Work placements

Not applicable.

Aims

The objective of the course is to make students familiar with financial market area. From this view:
- to define financial market position, importance and function in the economic system;
- to characterize money market institutions (central bank, commercial banks) and services provided;
- to introduce the meaning of capital market and to present its tools (securities) and institutions;
- to present special forms of financing (leasing, factoring, forfaiting);
- to characterize insurance market, its participants, tools;
- to define public finance functions and tools.

Specification of controlled education, way of implementation and compensation for absences

Attendance at lectures is not compulsory, but is recommended.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

MISHKIN, FREDERIC, S. The economics of money, banking, and financial markets, 8th ed. Boston: Pearson/addison Wsley, 2007. 0-321-28726-6. (EN)
MUSÍLEK, P. Trhy cenných papírů. Praha: Ekopress, 2002. 459 s. ISBN 80-86119-55-6. (CS)
NÝVLTOVÁ, R. REŽŇÁKOVÁ, M. Mezinárodní kapitálové trhy: zdroj financování. Praha: Grada, 2007. 222 s. ISBN 978-80-247-1922-1. (CS)
POLOUČEK, S a kol. Bankovnictví. Praha: C. H. Beck, 2006. 716 s. ISBN 80-7179-462-7. (CS)
REŽŇÁKOVÁ, M. Finance. Finanční systém. 1. a 2. díl. Brno: CERM, 2005 (CS)

Recommended reading

Režňáková, M. Finance. Finanční systém. 1. díl. Brno: CERM, 2005 (CS)
Režňáková, M. Finance. Finanční systém. 2. díl. Brno: CERM, 2005 (CS)

Classification of course in study plans

  • Programme MGR-KS Master's

    branch MGR-ŘEP-KS , 1 year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

prof. Ing. Mária Režňáková, CSc.

Syllabus

1.Structure of the course. Organization of study and exams. Basic terminology and relations. Financial market.
2.Bank system. Money policy of central bank. International Financial Institutions. European Monetary Union.
3.Commercial bank and its role. Bank deals. Rules of cautious behavior. Bank risk. Bank accounts. Types of credits, credit system, credit score. Collateral. Interest and repayment of loans.
4.Domestic and foreign payment system, payment transactions (cheques, payment cards, documentary collection, documentary credit).Bills of exchange and their flow.
5.Alternative forms of financing - Leasing. Factoring. Forfaiting. Venture capital. Funds to support the enterpise.
6.Capital markets’ principle and functions. Basic types of securities. Financial investments. Capital market analysis. Financial derivatives. Capital market institutions.
7.Insurance.
8.Public finance.