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Ukončeno v akademickém roce 2023/2024

Financial Markets II. A

Type of study Follow-up Master
Language of instruction English
Code 154-0537/03
Abbreviation FM II.A
Course title Financial Markets II. A
Credits 5
Coordinating department Department of Finance
Course coordinator prof. Ing. Tomáš Tichý, Ph.D.

Osnova předmětu

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

Povinná literatura

BODIE, Z., KANE, A., MARCUS, A. J. Investments. 12th ed. New York: McGraw Hill, 2021. ISBN 978-1260571158 .
LAOPODIS, N. Understanding investments: theories and strategies. 2nd ed. London: Routledge, 2021. ISBN 978-1000074741 .
REILLY, F. K., BROWN, K. C., LEEDS, S. J. Investment analysis and portfolio management. 11th ed. Boston: Cengage, 2019. ISBN 978-1305262997.

Doporučená literatura

FABOZZI, F. J., FABOZZI, F. A. Bond markets, analysis, and strategies. 10th ed. The MIT Press, 2021. Always learning. ISBN 978-0253337535 .
HULL, J. C. Options, futures, and other derivatives. 11th ed.. Harlow, England: Pearson, 2022. ISBN 978-1292410654.
MADURA, J. Financial markets and institutions. 13th ed. Mason: South-Western Cengage Learning, 2021. ISBN 978-0357130797 .