Course detail

Theory of Financial Markets

FP-PftDEAcad. year: 2017/2018

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

English

Number of ECTS credits

0

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. Evaluations are carried out by four degrees and it excellent, very good, good, failed to test the oral interview with the student teacher.

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. 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.

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

REJNUŠ, Oldřich. Finanční trhy. 4., aktualiz. a rozš. vyd. Praha: Grada, 2014. 760 s. Profesional. ISBN 978-80-247-3671-6. (CS)
MISHKIN, F. S.: The Economics of Money, Banking and Financial Markets, Fifth Edition, Harper Collins Publishers, 1998. ISBN 0-321-01440-5 (EN)
McCormick, Roger a Stears, Chris. Legal and conduct risk in the financial markets. Third edition. Oxford: Oxford University Press, 2018. xxxvii, 660 stran. ISBN 978-0-19-874927-1. (EN)
ROSE, P. S.: Money and capital markets, Fourth edition, Boston, IRWIN, 1992. ISBN 0-256-08300-2 (EN)
SYNEK, M. a kol.. Manažerská ekonomika, 2. vydání, Praha, Grada Publishing, 2000. ISBN 80-247-9069-6 (CS)
VALACH, J.: Investiční rozhodování a dlouhodobé financování, Praha, Ekopress, 2001. ISBN 80-86119-38-6 (CS)
Solnik, Bruno a McLeavey, Dennis W. Global investments. Pearson new international edition. Sixth edition. Harlow: Pearson, [2014]. ii, 586 stran. Pearson custom library. Always learning. ISBN 978-1-292-02307-6. (EN)
Hull, John. Options, futures, and other derivatives. Ninth edition. Global edition. Harlow: Pearson, 2018. 891 stran. ISBN 978-1-292-21289-0. (EN)

Recommended reading

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)
DVOŘÁK, P.: Finanční deriváty, Praha, Vysoká škola ekonomická v Praze, 1998. ISBN 80-7079-633-2. (CS)
DVOŘÁK, P.: Bankovnictví pro bankéře a klienty, 3. vydání, Praha, Linde, 2005. ISBN 80-7201-515-X (CS)
GOBRY, P.: Burzovní indexy, Praha, HZ Praha, 1996. ISBN 80-901495-9-6 (CS)
JÍLEK, J.: Finanční a komoditní deriváty, Praha, Grada, 2002. ISBN 80-247-0342-4. (CS)
JÍLEK, J.: Deriváty, hedžové fondy, offshorové společnosti, Grada Publishing, Praha, 2006. ISBN 80-247-1826-X (CS)
POLIDAR,V.: Management bank a bankovních obchodů, Praha, Ekopress, 1999. ISBN 80-86119-11-4 (CS)
RADOVÁ, J., DVOŘÁK, P. MÁLEK, J.:Finanční matematika pro každého, 6. vydání, Praha, Grada Publishing, 2007. ISBN 978-80-247-2233-7 (CS)
SAMUELSON, P. A., NORDHAUS, W. D.: Ekonomie, Praha, Svoboda, 1991. ISBN 80-205-0192-4 (CS)
SHAHPE, W. F., ALEXANDER, G. J.: Investice, Praha, Victoria Publishing, 1994. ISBN 80-85605-47-3. (CS)
JONES, Ch. P.: Investments, Analysis and Management, Third edition, John Wiley & Sons, Inc., New York, 1991. ISBN 0-471-52839-0 (EN)
GIDDY, I. H.: Global Financial Markets, Lexington, D. C. Heath and Company, 1994. ISBN 0-669-24605-0. (EN)
ŠOBA,O., ŠIRŮČEK, M.: Finanční matematika v praxi. 2., aktualizované a rozšířené vydání, Grada, Praha, 2017. ISBN 978-80-271-0250-1. (CS)
Financing Education - Investments and Returns: Analysis of the World Education Indicators 2002 Edition. Paris: UNESCO-UIS/OECD, 2003. 230 s. ISBN 92-64-19971-3. (EN)
Dvořák, Michal a kol. International investing and market risk in practical examples. Vydání první. V Praze: Vysoká škola ekonomická, Nakladatelství Oeconomica, 2018. 210 stran. Vysokoškolská skripta. ISBN 978-80-245-2267-8. (EN)

Classification of course in study plans

  • Programme DSP-E Doctoral

    branch DSP-PF-E-D , 2. year of study, summer semester, compulsory-optional

  • Programme DSP-KS-E Doctoral

    branch DSP-PF-KSE-D , 2. year of study, winter semester, compulsory-optional
    branch DSP-PF-KSE-D , 2. year of study, summer semester, compulsory-optional

  • Programme DSP-E Doctoral

    branch DSP-PF-E-D , 2. year of study, winter semester, compulsory-optional

Type of course unit

 

Seminar

20 hours, 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