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Terminated in academic year 2022/2023

Financial Markets II. A

Type of study Follow-up Master
Language of instruction Czech
Code 154-0337/03
Abbreviation FTIIA
Course title Financial Markets II. A
Credits 5
Coordinating department Department of Finance
Course coordinator prof. Ing. Tomáš Tichý, Ph.D.

Subject syllabus

1. Fundamentals of investment theory - value and growth theory of investment, beginnings of modern investment theory
2. Efficient market theory - the nature and forms of market efficiency, anomalies in financial markets
3. Fundamental analysis - global and sector analysis, company analysis, calculation of intrinsic value
4. Technical analysis - history, principles of technical analysis, graphical methods and indicators
5. Psychological analysis, comparison of stock analyses - theory of psychological analysis, fundamentals of behavioral finance, Keynes's investment psychology, Kostolany's stock psychology, bubble theory
6. Bond analysis, rating - time structure of interest rates, yield curves, importance of bond rating and current trends
7. Derivative markets - the beginnings of derivative transactions, the definition of derivatives, forwards, futures, swaps
8. Option contracts, option-like securities - the nature of option contracts, basic options, option-like securities (convertible bonds, warrants)
9. Option trading, basic option positions, synthetic options - systematization and listing of options, long and short option positions, covered and uncovered options
10. Option strategies - characteristics and use of selected option strategies (straddle, strangle, spread, butterfly)
11. Financial innovations - the essence of financial engineering, depository receipts, stripped securities, structured products (structured bonds, investment certificates)
12. Securitization - nature and process of securitization, characteristics of securitized products, current trends
13. Financial market indicators – the role of capital market indicators (averages, indices), characteristics and examples of selected stock indices
14. Asset management - professional portfolio management, portfolio management process, passive and active strategy, portfolio performance
15. Ethics in financial markets - the essence, importance and principles of ethical behavior in financial markets
16. Global financial markets - world financial centres, their characteristics and importance, regulation of financial markets
17. International investment - international capital movements, direct and portfolio investment, advantages and disadvantages
18. Emerging markets - definition of emerging markets, classification of frontier markets, motives of investing in these markets
19. Czech financial market - history and development of the Czech capital market
20. Regulation of the Czech capital market - legal basis of the capital market in the Czech Republic, objectives of regulation, current situation
21. Current situation in financial markets - current trends in financial markets, globalization

Literature

GREENWALD, B. C. a kol. Hodnotové investování: od Grahama po Buffetta a ještě dál. Tetčice: Impossible, 2022. ISBN 978-80-87673-36-2.
REILLY, F. K., K. C. BROWN a S. J. LEEDS. Investment analysis and portfolio management. 11th ed. Boston: Cengage, 2019. ISBN 978-1-305-26299-7.
REJNUŠ, Oldřich. Finanční trhy: učebnice s programem na generování cvičných testů. Praha: Grada Publishing, 2016, dotisk 2022. ISBN 978-80-247-5871-8.

Advised literature

HULL, John. Options, futures, and other derivatives. 11th ed.. Harlow, England: Pearson, 2022. ISBN 978-1-292-41065-4.
MADURA, Jeff. Financial markets and institutions. 13th ed. Mason: South-Western Cengage Learning, 2021. ISBN 978-0357130797 .
REILLY, F. K., K. C. BROWN a S. J. LEEDS. Investment analysis and portfolio management. 11th ed. Boston: Cengage, 2019. ISBN 978-1-305-26299-7.