Course detail

Theory of Financial Markets

FP-RftDAcad. year: 2022/2023

The course enables acquirement of theoretical knowledge and practical skills with respect to all spheres of activities on a financial market. The course deals with the individual types of existing financial institutions and financial instruments as well as with the most important types of financial transactions carried out on financial markets.

Language of instruction

Czech

Mode of study

Not applicable.

Learning outcomes of the course unit

The goal of this course is to deepen the financial markets knowledge and to lead the students to understand the financial market theory in wider theoretical and practical relation. The gained information should help the students not only in further scientific research but also in managerial positions in different branches.

Prerequisites

The subject needs knowledges in the area of the Macroeconomics I and II.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

The course is thought via pre-established teaching blocks (hours) and qualified consultations.

Assesment methods and criteria linked to learning outcomes

The course is ended with oral exam. The evaluation is carried out in two possible stages: it has passed and failed on the basis of oral examinations, with an emphasis on the systemic and complex understanding of the subject, and on the student's ability to predict future developments and to properly address the situations that he / she thinks to occur.

Course curriculum

1. Financial market and its importance in economy.
2. Types of financial transactions.
3. Financial institutions and instruments.
4. Theory of interest rates and its functioning in financial system.
5. Financial investments’ theory, basic factors if investment strategy.
6. Stocks and bonds definition, its systematization and characteristics.
7. The stocks and bonds classification and its importance (due to issuer or investors).
8. The Stocks exchange importance, its classification and inner structure.
9. The fundamental, technical and psychological analysis.
10. The shares business and basic investment strategies approaches.
11. Importance and specifics of individual types of investment, respectively mutual funds.
12. Terminated derivates instruments and its practical usage in business.
13. Structured products.
14. The Foreign Exchange Theory.
15. Portfolio direct investment.
16. The Portfolio Theory.
17. The financial markets regulation.
18. International investment decision making methods.
19. Further global financial market and globalization trends.

Work placements

Not applicable.

Aims

The course is dedicated to doctoral students whom are interested in economy studies, management or financial themes. The goal of this course is to deepen the financial markets knowledge.

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

Consultations are not necessary.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

GIDDY, I. H.: Global Financial Markets, Lexington, D. C. Heath and Company, 1994. ISBN 0-669-24605-0.
MISHKIN, F. S.: The Economics of Money, Banking and Financial Markets, Fifth Edition, Harper Collins Publishers, 1998. ISBN 0-321-01440-5
Rejnuš, Oldřich. Finanční trhy. 4., aktualiz. a rozš. vyd. Praha: Grada, 2014. 760 s. Profesional. ISBN 978-80-247-3671-6.
REVENDA, Z.: Centrální bankovnictví, 2. vydání, Praha, Management Press, 2001. ISBN 80-7261-051-1
ROSE, P. S.: Money and capital markets, Fourth edition, Boston, IRWIN, 1992. ISBN 0-256-08300-2
SYNEK, M. a kol.. Manažerská ekonomika, 2. vydání, Praha, Grada Publishing, 2000. ISBN 80-247-9069-6
VALACH, J.: Investiční rozhodování a dlouhodobé financování, Praha, Ekopress, 2001. ISBN 80-86119-38-6

Recommended reading

DVOŘÁK, P.: Bankovnictví pro bankéře a klienty, 3. vydání, Praha, Linde, 2005. ISBN 80-7201-515-X
DVOŘÁK, P.: Finanční deriváty, Praha, Vysoká škola ekonomická v Praze, 1998. ISBN 80-7079-633-2.
GOBRY, P.: Burzovní indexy, Praha, HZ Praha, 1996. ISBN 80-901495-9-6
HOLMAN, R.: Ekonomie, 3. vydání, Praha, Nakladatelství C. H. Beck, 2002. ISBN 80-7179-681-6
JÍLEK, J.: Deriváty, hedžové fondy, offshorové společnosti, Grada Publishing, Praha, 2006. ISBN 80-247-1826-X
JÍLEK, J.: Finanční a komoditní deriváty, Praha, Grada, 2002. ISBN 80-247-0342-4.
Marek, Radan. Cenné papíry v novém občanském zákoníku: komentář. V Praze: C.H. Beck, 2013. xxx, 431 s. Beckovy komentáře. ISBN 978-80-7400-466-7. (CS)
MUSÍLEK, P.: Finanční trhy a investiční bankovnictví, 2. vydání, Praha, ETC Publishing, 1999. ISBN 80-86006-78-6.
POLIDAR,V.: Management bank a bankovních obchodů, Praha, Ekopress, 1999. ISBN 80-86119-11-4
RADOVÁ, J., DVOŘÁK, P. MÁLEK, J.:Finanční matematika pro každého, 6. vydání, Praha, Grada Publishing, 2007. ISBN 978-80-247-2233-7.
Rejnuš, Oldřich. Finanční trhy: učebnice s programem na generování cvičných testů. První vydání. Praha: Grada Publishing, a.s., 2016. 380 stran. ISBN 978-80-247-5871-8. (CS)
SAMUELSON, P. A., NORDHAUS, W. D.: Ekonomie, Praha, Svoboda, 1991. ISBN 80-205-0192-4
SHAHPE, W. F., ALEXANDER, G. J.: Investice, Praha, Victoria Publishing, 1994. ISBN 80-85605-47-3.
ŠOBA,O., ŠIRŮČEK, M.: Finanční matematika v praxi. 2., aktualizované a rozšířené vydání, Grada, Praha, 2017. ISBN 978-80-271-0250-1. (CS)

Classification of course in study plans

  • Programme DSP Doctoral

    branch DSP-ŘEP , 2 year of study, summer semester, compulsory-optional
    branch DSP-ŘEP , 2 year of study, winter semester, compulsory-optional

  • Programme DSP-KS Doctoral

    branch DSP-ŘEP-KS , 2 year of study, summer semester, compulsory-optional
    branch DSP-ŘEP-KS , 2 year of study, winter semester, compulsory-optional

Type of course unit

 

Seminar

20 hod., optionally

Teacher / Lecturer

Syllabus

1. Financial market and its importance in economy
2. Types of financial transactions
3. Financial institutions and instruments
4. Theory of interest rates and its functioning in financial system
5. Financial investments’ theory, basic factors if investment strategy
6. Stocks and bonds definition, its systematization and characteristics
7. The stocks and bonds classification and its importance (due to issuer or investors)
8. The Stocks exchange importance, its classification and inner structure
9. the fundamental, technical and psychological analysis
10. The shares business and basic investment strategies approaches
11. The collective investment importance in Czech Republic and in the world
12. Terminated derivates instruments and its practical usage in business
13. Structured products
14. The Foreign Exchange Theory
15. Portfolio direct investment
16. The Portfolio Theory
17. The financial markets regulation
18. International investment decision making methods
19. Further global financial market and globalization trends