Czech

5

Not applicable.

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.

No required.

Not applied.

The course contains lectures that explain principles, decisions problems and methodology of the discipline, and exercises that promote the practical knowledge of the subject presented in the lectures.

CREDIT REQIREMENTS:
Requirements for obtaining the course-unit credit is a seminar paper and achieving at least 50% success rate on the test aimed at solving model situations through examples. Students have the opportunity to use one regular and one correction term of the test. Evaluation of seminars: assessment test with weight 0.65, evaluation of the seminar paper with weight 0.35.

FORM OF EXAMINATION:
The exam is written, concentrated on verifying the knowledge of taught topics and the ability to apply them in solving model situations. Evaluation of seminars enters into the overall evaluation of the course with a weight of 0.4. Classification of the examination is executed according to the principles defined in BUT Rules for Studies and Examinations.

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.

Not applicable.

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.

Attendance at lectures is not compulsory, but is recommended. Attendance at seminars is required and checked by the tutor. Lessons are composed on the basis of weekly schedules. Way of substituting missed lessons is fully in competence of a teacher.

Not applicable.

Not applicable.

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

13 hours, compulsory

1. Organization of seminars. Seminar works assignation. Financial mathematics.
2. Bank system in the Czech Republic.
3. Bank products. Bank loans.
4. Payment system – documentary collection, documentary credit. Bills of Exchange Act.
5. Capital market. Types and issue of securities (shares, bonds).
6. Test.
7. Unit credits.