| Course Unit Code | 154-0352/02 |
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| Number of ECTS Credits Allocated | 4 ECTS credits |
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| Type of Course Unit * | Choice-compulsory |
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| Level of Course Unit * | Second Cycle |
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| Year of Study * | Second Year |
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| Semester when the Course Unit is delivered | Winter Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | Czech |
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| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| KOR21 | Ing. Kateřina Kořená, Ph.D. |
| Summary |
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| The course is focused on achieving basic knowledge of personal and family finance and financial literacy. The aim of this course is to get students acquainted with using of the appropriate financial products and understanding the work of financial advisor. The students will be able to compare particular financial products,to define the work of financial advisor and be familiar with basic principles of his/her work and to create own personal investment portfolio. |
| Learning Outcomes of the Course Unit |
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The aim of this course is to get students acquianted with the principals of the financial literacy, i.e. personal financial planning and using of appropriate financial products.
The students will be able to:
- understand basic securities,
- compare financial products,
- understand principles of investment including collective investment,
- define the work of financial adviser,
- create own personal investment portfolio.
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| Course Contents |
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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, correct 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. Hedge funds. Active and passive investment strategies.
Bank products, deposit accounts, credit products, mortgage loans, consumer lending, credit cards,building loans.
Household savings structure, preferences of saving ways and styles, household debts. Comparison of Czech and foreign household portfolios.
Principles of financial portfolio creation,good and bad debt,diversification, dollar cost averaging.
Financial independence, financial freedom - explanation of the terms, their importance to family finance,cash-flow quadrant.
Alternative investments - yield, risk, liquidity. Investing in tangible assets (real estates, commodities, collectibles).
Inflation, interest rates, exchange rates, their influence on family finance.
Investment psychology, value of money, relation to the own property, analysis of the investor behavior in the financial markets.
Financial institutions, history and development of financial institutions, regulation of financial institutions and financial market from the view of the personal finance. Present-day situation in the Czech financial market and global financial markets.
The role of the financial advisor, the ethical treatment of the client, ethics and information, ethical reporting, ethics in financial markets. Concrete examples of unethical consultancy and investing.
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| Recommended or Required Reading |
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| Required Reading: |
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SYROVÝ, Petr a Tomáš TYL. Osobní finance. 4. vyd. Praha: Grada, 2021. 248 s. ISBN 978-80-271-3123-5.
VESELÁ, Jitka. Investování na kapitálových trzích. 3. vyd. Praha: Wolters Kluwer ČR, 2019. 952 s. ISBN 978-80-7598-212-4.
KAPOOR, J. R., L. R. DLABAY and R. J. HUGHES. Personal Finance. 14th ed. McGraw-Hill/Irwin, 2023. 880 p. ISBN 978-1-259-09490-3.
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SYROVÝ, Petr a Tomáš TYL. Osobní finance. 4. vyd. Praha: Grada, 2021. 248 s. ISBN 978-80-271-3123-5.
VESELÁ, Jitka. Investování na kapitálových trzích. 3. vyd. Praha: Wolters Kluwer ČR, 2019. 952 s. ISBN 978-80-7598-212-4.
KAPOOR, J. R., L. R. DLABAY and R. J. HUGHES. Personal Finance. 14th ed. McGraw-Hill/Irwin, 2023. 880 p. ISBN 978-1-259-09490-3.
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| Recommended Reading: |
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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.
GLADIŠ, Daniel. Naučte se investovat. 2. vyd. Praha: Grada, 2022. 156 s. ISBN 978-80-247-1205-5.
KALÁTOVÁ, Veronika. Finanční zralost. Praha: Plot, 2021. 256 s. ISBN 978-80-7428-370-3.
PECK, Sarah. Investment Ethics. 1st ed. USA: Wiley 2011. 304 p. ISBN 978-0-470-43453-6.
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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.
GLADIŠ, Daniel. Naučte se investovat. 2. vyd. Praha: Grada, 2022. 156 s. ISBN 978-80-247-1205-5.
KALÁTOVÁ, Veronika. Finanční zralost. Praha: Plot, 2021. 256 s. ISBN 978-80-7428-370-3.
PECK, Sarah. Investment Ethics. 1st ed. USA: Wiley 2011. 304 p. ISBN 978-0-470-43453-6.
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| Planned learning activities and teaching methods |
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| Lectures, Tutorials |
| Assesment methods and criteria |
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| Task Title | Task Type | Maximum Number of Points
(Act. for Subtasks) | Minimum Number of Points for Task Passing |
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| Credit and Examination | Credit and Examination | 100 (100) | 51 |
| Credit | Credit | | |
| Examination | Examination | 100 | 51 |