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Terminated in academic year 2021/2022

Principles of Personal Finance

Type of study Bachelor
Language of instruction English
Code 154-0554/01
Abbreviation PPF
Course title Principles of Personal Finance
Credits 3
Coordinating department Department of Finance
Course coordinator Ing. Kateřina Kořená, Ph.D.

Subject syllabus

Financial investment,investment process.Financial planning, typical family financial targets.
Family finance, household balance sheet and cash-flow, household savings. Household budget, importance of nest egg and insurance.
Financial mathematics, time value of money, basic household situation application.
Insurance products, life and disability insurance, non-life insurance,most frequent insurance mistakes.
Pension system, pension funds. Pension system reform. Advantages and disadvantages of investing in pension funds.
Securities – bonds, shares, mutual fund shares. Short-term and long-term investing. Household portfolio of securities.
Collective investment, investing in mutual funds. Open-ended and close-ended funds. Types of funds.
Bank products, deposit accounts, credit products, mortgage loans, consumer lending, payment cards, building loans. Good and bad debt.
Principles of financial portfolio creation, diversification, dollar cost averaging.
Alternative investments - yield, risk, liquidity. Investing in tangible assets (real estates, commodities, collectibles).
Investment psychology, analysis of the investor behavior in the financial markets.
The role of the financial advisor, the ethical treatment of the client, ethics and information, ethical reporting, ethics in financial markets.

Literature

KAPOOR, Jack.R., DLABAY, Les.R. and HUGHES, Robert.J. Personal Finance. 10th ed. McGraw-Hill/Irwin, 2011. 768 p. ISBN 978-0073530697 .
MISHKIN, Frederic S. and Stanley G. EAKINS Financial Markets and Institutions. 6th ed. Boston: Pearson Prentice Hall, 2009. xxxix, 675 p. ISBN 978-0-321-37421.

Advised literature

CALLAGHAN, George S., Ian FRIBBANCE and Martin HIGGINSON, Personal Finance. 2nd ed. Basingstoke: Palgrave Macmillan in association with The Open University, 2012. 487 p. ISBN 978-0-230-34811-0.
CLASON, George S. The Richest Man in Babylon. Great Britain: Amazon, 2007. ISBN 978-1-5304-3902-7.
CHAMBERS, Donald R., Mark Jonathan Paul ANSON, Keith H. BLACK and Hossein KAZEMI. Alternative Investments: CAIA level I. 3rd ed. Hoboken: Wiley, 2015. 935 p. ISBN 978-1-119-00336-6 .
JOHNSON, Spencer. Who Moved My Cheese? London: Vermilion, 1999. 96 p. ISBN 0-09-181697-1 .
KIYOSAKI, Robert. Rich Dad, Poor Dad. USA: Sphere, 2002. 256 p. ISBN 978-0751532715 .
MADURA, Jeff. Personal Fnance. Boston: Pearson, 2014. 653 p. ISBN 978-0-13-299434-7.