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Personal Finance

Type of study Follow-up MasterBachelor
Language of instruction English
Code 154-0552/04
Abbreviation PF
Course title Personal Finance
Credits 4
Coordinating department Department of Finance
Course coordinator Ing. Kateřina Kořená, Ph.D.

Subject syllabus

1. Financial investment, investment process. Financial planning, typical family financial targets.
2. Family finance, household balance sheet and cash-flow, household savings. Household budget, importance of nest egg and insurance.
3. Financial mathematics, time value of money, basic household situation application.
4. Insurance products, life and disability insurance, non-life insurance, correct insurance, most frequent insurance mistakes.
5. Pension system, pension funds. Pension system reform. Advantages and disadvantages of investing in pension funds.
6. Securities – bonds, shares, mutual fund shares. Household portfolio of securities.Short-term and long-term investing.
7. Collective investment, investing in mutual funds as a part of household portfolio.
8. Types of funds, active and passive investment strategies. DCA method.
9. Bank products, deposit accounts, credit products, mortgage loans, consumer lending, credit cards, building loans.
10. Household portfolio of securities in the Czech Republic, indebtedness of the Czech households, comparison with other foreign countries. Principles of financial portfolio creation, good and bad debt, diversification, regular investing.
11. Alternative investments - yield, risk, liquidity. Investing in tangible assets (real properties, commodities, collections).
12. Investment psychology, value of money, relation to the own property, analysis of the investor behaviour, psychological analysis in financial markets.
13. Role of financial advisor, work with client, ethical use of information, ethics in financial markets.
14. Selected examples of non-ethical financial advisory and investing.

Literature

KAPOOR, J. R., L. R. DLABAY and R. J. HUGHES. Personal Finance. 14th ed. USA: McGraw-Hill/Irwin, 2023. ISBN 978-1264101597 .
MADURA, Jeff. Financial markets and institutions. 13th ed. Mason: South-Western Cengage Learning, 2021. ISBN 978-0357130797 .
PECK, Sarah. Investment Ethics. USA: Wiley 2011. ISBN 978-0-470-43453-6.

Advised literature

CLASON, George S. The Richest Man in Babylon. UK: Dover Publication Inc, 2022.ISBN 978-0-486849607 .
KIYOSAKI, Robert. Rich Dad, Poor Dad. USA: Plata Publishing, 2022. ISBN 978-1-612681-139 .
SIEGEL, Cary. Why Didn't They Teach Me This in School, Too? USA: Simple Strategic Solutions, 2018. ISBN 978-0692116531 .