FIUBKFIT Financial Markets

School of Business Administration in Karvina
Winter 2025
Extent and Intensity
16/0/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Irena Szarowská, Ph.D., MPA (lecturer)
Guaranteed by
Ing. Jana Šimáková, Ph.D.
Department of Finance and Accounting – School of Business Administration in Karvina
Contact Person: Ing. Irena Szarowská, Ph.D., MPA
Timetable
Fri 17. 10. 13:55–15:30 B308, Fri 14. 11. 13:55–15:30 B308, Fri 5. 12. 13:55–15:30 B308
Prerequisites
FAKULTA(OPF) && TYP_STUDIA(B) && FORMA(K) && (ROCNIK(2) || ROCNIK(3))
None
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 60 student(s).
Current registration and enrolment status: enrolled: 49/60, only registered: 2/60
fields of study / plans the course is directly associated with
Course objectives
The course introduces students to the basics of financial markets not only in the Czech Republic, the types of financial instruments traded on the spot, secondary, stock, and OTC markets. Emphasis is placed on clarifying approaches to measuring financial assets, risk analysis, and the basics of portfolio theory concerning those ESG factors.
Learning outcomes
Seminar paper focuses on the analysis of time series with stock market data.
Syllabus
  • [1] Financial market: The essence of the functioning of the financial market, including a brief introduction to its channels, the banking market and the securities market. Allocative, operational efficiency. Allocation of savings by households. Information asymmetry, interconnectedness of the two channels through securitization. Linkages between the global financial crisis, the euro area sovereign debt crisis, the energy crisis, and other factors and their impact on financial markets. 
  • [2] Money market: Money market instruments. Distinguishing issuers of short-term securities. The practical importance of money market interest rates for the economy. Deficit financing and fundamental differences from equity securities in terms of investors' rights. 
  • [3] Capital Markets: Bond Market. Basic breakdown of bonds and the firm's decision-making before issuance. Basic calculations for duration and convexity. Stock market, equity issuance. Fundamental, technical and psychological analysis. Portfolio theory. The importance of "green" investing in portfolio construction, future leverage of ESG companies versus "brown" investments. Specific ETFs and collective investment funds. 
  • [4] Financial Derivatives: Selected risks in financial markets. Spot and forward transactions. Fixed and contingent financial derivatives. Natural hedging versus hedging by an exporting company through financial derivatives. Financial futures, Forwards, Swaps and Options. Long and short positions in the case of option contracts. Selected types of exotic financial derivatives. 
  • [5] Commodity markets: The importance of commodities in terms of investing and portfolio construction. Inflation and commodity investments. Portfolio protection in terms of volatility in financial markets. Introduction to selected types of commodities. Comparison of commodities in terms of global impacts on sustainability and environmental prudence. 
  • [6] Time series analysis. Daily stock returns. Stock price volatility. Correlation analysis. Short-term and long-term causality. Practical application of portfolio theory. Possibilities for using leverage in ESG investments.
Literature
    required literature
  • Heryán, T. (2025). Finanční trhy: Distanční studijní text (Rozšířené a upravené vydání). SU OPF v Karviné
  • Purcell, K., & Vivari, B. (2023). Sustainable investing: An ESG starter kit for everyday investors. Business Expert Press.
  • Radová, J., Dvořák, P., & Málek, J. (2013). Finanční matematika pro každého. Grada Publishing.
  • Rejnuš, O. (2024). Finanční trhy (5. vyd.). Grada.
  • Veselá, J. (2019). Investování na kapitálových trzích (3. vyd.). Wolters Kluwer.
    recommended literature
  • Hathry, G. (2024). Green investments: Sixteen (16) keys to investing in eco-responsible projects. Our Knowledge Publishing.
  • Heryán, T., & Ziegelbauer, J. (2016). Volatility of yields of government bonds among GIIPS countries during the sovereign debt crisis in the euro area. Equilibrium. Quarterly Journal of Economics and Economic Policy, 11(1), 61–74.
  • Laopodis, N. T. (2013). Understanding investments: Theories and strategies. Routledge.
  • Veselá, J., & Oliva, M. (2015). Technická analýza na akciových, měnových a komoditních trzích. Ekopress.
  • Časopisecké články z: Ekonom, Fondshop, Finance a úvěr a jiných periodik dle doporučení vedoucích seminářů. info
Teaching methods
Skills demonstration
Seminar papers
Assessment methods
Written exam
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course can also be completed outside the examination period.
Teacher's information
Student requirements: seminar work, 60% assessment exam, 20% seminar work, 20% two intermediate tests.
The course is also listed under the following terms Winter 2018, Winter 2019, Winter 2020, Winter 2021, Winter 2022, Winter 2023, Winter 2024.
  • Enrolment Statistics (recent)
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