Czech

Not applicable.

Students will be made familiar with the theoretical approaches in the area of derivatives and financial markets and will understand the process of using of derivatives on financial and commodity markets.

The course requires prior knowledge of economics, securities, mathematics and statistics.

Not applicable.

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

A student has to satisfy the following conditions:
1. Active attendance at seminars will be evaluated by the lecturer (max. 26 points).
2. Successful credit test (max- 24 points).
3. Successful presentation of 2 assignments (the date of presentation of assignments will be specified). A student can achieve max. 50 points for successful presentations of 2 assignments in the set term. When exceeding this deadline, he/she can achieve max. 40 points only.
4. Total sum of achieved points has to be higher than 60 points.

Requirements for the final exam: Student has to understand the subject-matter and prove his/her knowledge acquired in the course.
The final exam is written.

Introduction to derivatives and financial innovations.
Forward rate agreement
Financial futures
Differences between forward and futures
Clearing house
Margin
Swaps
Options
Call and Put option.
Long and short position.
Put-call parity
Option strategy
Spreads, long a short synthetic stock, butterfly, condor, strip, strap, ratio spreads, conversion, calendar spreads.

Seminars
Practical examples of forward and financial futures
Practical examples of swaps
Presentation of assignments
Practical examples of option and option strategy
Credit test

Not applicable.

The goal of the course is to teach students how to use derivatives for reduction of risk, and to use derivatives on financial and commodity markets.

Attendance at seminars will be checked by the lecturer. Absence from seminars could be compensated for via a special assignment or a special credit test.

Not applicable.

Not applicable.

DVOŘÁK P. Finanční deriváty, VŠE Praha 1996, ISBN 80-7079-139-X
JÍLEK, J. Finanční trhy, Praha, Grada Publishing 1997, ISBN 80-7169-453-…

Not applicable.