FIUBAPRI Principles of Finance

Obchodně podnikatelská fakulta v Karviné
zima 2021
Rozsah
2/1/0. 5 kr. Ukončení: zk.
Vyučující
Ing. Irena Szarowská, Ph.D., MPA (přednášející)
Ing. Irena Szarowská, Ph.D., MPA (cvičící)
Garance
Ing. Irena Szarowská, Ph.D., MPA
Katedra financí a účetnictví – Obchodně podnikatelská fakulta v Karviné
Kontaktní osoba: Ing. Irena Szarowská, Ph.D., MPA
Rozvrh
každé liché úterý 8:55–10:30 A412
  • Rozvrh seminárních/paralelních skupin:
FIUBAPRI/01: každé liché úterý 10:35–11:20 A412, I. Szarowská
Předpoklady
FAKULTA(OPF) && TYP_STUDIA(B) && (FORMA(P) || FORMA(Z))
The completion of the course does not require any conditions and the course can be enrolled independently of other courses
Omezení zápisu do předmětu
Předmět je nabízen i studentům mimo mateřské obory.
Předmět si smí zapsat nejvýše 24 stud.
Momentální stav registrace a zápisu: zapsáno: 0/24, pouze zareg.: 0/24
Mateřské obory/plány
Cíle předmětu
The goal of the course is to explain basic principles of finance and features of financial system. The course is an introductory course for all economic majors. It covers topics as a conception of money and functions of money, a position and role of financial institutions, financial instruments, and financial markets in a financial system. It considers specific conditions of the Czech Republic transition onto a market economy and recent changes in European Union, respectively in the process of European monetary integration.
Osnova
  • 1. Financial system
    2. Money and money theories
    3. Monetary policy
    4. Interest rates structure
    5. Interest rates in banking practice
    6. Classification of securities
    7. Equity securities
    8. Debt securities
    9. Classification of financial markets
    10. Stock exchanges and over-the-counter markets
    11. Financial institutions and financial services
    12. Depository financial institutions
    13. Non-depository financial institutions

    1. Financial system
    Financial system as a complex of financial instruments, financial markets and financial intermediaries. Lenders and borrowers. Transition of savings into investments. The financial system and the real economy. Information asymmetry.
    2. Money and money theories
    Concepts of money, role of money in economy, functions of money. Metalism, nominalism and quantitative theory of money. Money base, monetary aggregates. Types of money, banks and money. Money market and effect of money on economy.
    3. Monetary policy
    Monetary policy: definition, main aim and basic tools. Development and changes in monetary policy strategy and implementation. Transmission mechanism. Expansive and restrictive monetary policy. Central bank and its independence. Inflation targeting.
    4. Interest rates structure
    Level of interest rates, real and nominal interest rates, non-risk interest rate. Term structure of interest rates, yield curve, effect of inflation. Present and future value of cash flows. Valuation of financial assets. Risk and interest rate structure.
    5. Interest rates in banking practice
    Changes of interest rates, effect of changes on price of debt and equity securities. Interest rates in interbank money market. Interest rates of commercial banks. Interest rates of central bank.
    6. Classification of securities
    Characteristics of securities. Classification according to ownership, transferability, returns and yields received, process of issue, debt. Materialized and dematerialized securities. Securities law.
    7. Equity securities
    Shares, types of shares (ordinary, priority, employee). Operations involving shares (issue, split, employee stock program, stock option). Holder rights, returns and risk stemming from shares' ownership. Other equity securities - ADR, GDR, certificates.
    8. Debt securities
    Typology of bonds according to issuer, delivery date, risk, coupon payments. Government, company, municipal, banking bonds. Foreign bonds and eurobonds. Treasury bills, commercial papers, bills of exchange, depository certificates, repo operations.
    9. Classification of financial markets
    Primary and secondary market, equity market, bond market, money and capital markets, stock exchanges and OTC markets. Risk, performance, development and efficiency of financial markets. Trading in financial market and IT. Financial market participants. Derivatives.
    10. Stock exchanges and over-the-counter markets
    Stock exchange, mechanism of trading, role of stock exchange in economy. Trading settlement, insider trading. Regulation of stock exchanges and trading with securities. Price of securities. Price development indicators and indicies.
    11. Financial institutions and financial services
    Main participants in financial markets, direct and indirect securities, indirect financing, transaction costs and information costs. Depository and non-depository institutions. Determinants of current development in the financial sector and financial institutions.
    12. Depository financial institutions
    Banks and their position among other financial institutions. Banks' balance sheet, assets and liabilities. Main active and passive banking products and services. Saving banks, building societies, saving unions and mutual banks. Development of the Czech banking sector.
    13. Non-depository financial institutions
    Insurance companies, life and non-life insurance. Collective investment, mutual
Literatura
    povinná literatura
  • MADURA, J., 2017. Financial Markets and Institutions. 12th ed. Boston: Cengage Learning. ISBN 9781337099745.
  • MISHKIN, F., 2019. The Economics of Money, Banking, and Financial Markets, Global Edition. London: Pearson Education Limited. ISBN 9781292268859.
    doporučená literatura
  • CECCHETTI, S. a K. L. SCHOENHOLTZ, 2016. Money, Banking and Financial Markets. 5th ed. Boston.: McGraw-Hill. ISBN 9781259746741
  • MISHKIN, F. S. a G. EAKINS, 2018. Financial Markets and Institutions. Global Edition, 9/E. Harlow: Pearson. ISBN 9781292215006.
  • VINEY, C. a P. PHILLIPS, 2015. Financial Institutions, Instruments & Markets. 8th ed. Sydney: McGraw-Hill Australia. ISBN 9781743079959
Výukové metody
Lectures Seminar classes Readings Class discussions Skills demonstration
Metody hodnocení
Ongoing test, written assignments, discussion, final written exam
Vyučovací jazyk
Angličtina
Informace učitele
Evaluation: ongoing test (25%), written assignments (15%), written exam (60%)

Aktivity Náročnost [h]
Ostatní studijní zátěž 66
Přednáška 26
Seminář 13
Zkouška 40
Celkem 145
Další komentáře
Studijní materiály
Předmět je dovoleno ukončit i mimo zkouškové období.
Předmět je vyučován každý semestr.
Předmět je zařazen také v obdobích zima 2014, zima 2015, zima 2016, zima 2017, zima 2018, zima 2019, léto 2020, zima 2020, léto 2021, léto 2022.