| Course Unit Code | 154-0360/05 |
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| Number of ECTS Credits Allocated | 3 ECTS credits |
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| Type of Course Unit * | Compulsory |
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| Level of Course Unit * | First Cycle |
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| Year of Study * | Second Year |
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| Semester when the Course Unit is delivered | Summer 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. |
| BOR30 | Ing. Martina Borovcová, Ph.D. |
| NOV33 | Ing. Martina Novotná, Ph.D. |
| NED0043 | Ing. David Neděla, Ph.D. |
| Summary |
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The course is focused on acquiring basic knowledge of financial markets. It provides an introduction to banking, capital markets and insurance. After finishing the course students can define basic functions of financial markets, will be familiar with banking system functioning, will be able to distinguish banking products, will understand problems of securities and investment, will grasp principles of insurance industry.
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| Learning Outcomes of the Course Unit |
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The course is focused on acquiring basic knowledge of financial markets,i.e. banking, capital markets and insurance. After finishing the course students:
-can define basic functions of financial markets,
-will be familiar with banking system functioning,
-will be able to distinguish banking products,
-will understand problems of securities and investment,
-will grasp principles of insurance industry.
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| Course Contents |
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1. Structure and functioning of financial markets, classification of markets, types of financial intermediaries.
2. Money markets, capital markets, primary markets, secondary markets - characteristics, relationships.
3. Equity securities - stocks, classification of stocks, stockholder´s rights. Stocks and bonds - main differences.
4. Debt securities - bonds, role of bonds, classification of bonds. Importance of rating.
5. Financial investment, importance of investment process, phases of investment process, main goals of investing. Portfolio diversification.
6. Collective investment. Main subjects of collective investment. Classification of funds. Advantages and disadvantages of collective investment.
7. Capital markets participants. Role of stock exchanges. Prague Stock Exchange, RM-System, Central Securities Depository Prague.
8. Czech capital market - contemporary situation.
9. New trends in financial markets, contemporary situation in financial markets, lessons from financial crises.
10. Characteristics of banking system, commercial banks and their role in the banking system and in the economy.
11. Central banks. The role and basic functions of central banks - two stage banking system. Central banks and monetary policy. Independence of central banks.
12. Bank liabilities of commercial banks – characteristics of deposit services (types of demand and savings deposits) and non-deposit liabilities. Classification of client banking accounts, their advantages and disadvantages.
13. Credit services of commercial banks - characteristics of credit products. Lending policy and procedures.
14. Off-balance sheet services of commercial banks - characteristics of non-deposit and non-loan products. The purpose of implementation of these services.
15. Payment systems - the role of payment systems in the economy, their characteristics and classification. Payment systems providers.
16. Cashless payment instruments – direct and electronic banking. Main reasons for electronic banking operations. Communication systems.
17. Insurance industry and policy - insurance activities, insurance companies. Regulation of insurance industry, forms of regulation. Insurance and law.
18. Life insurance - characteristics, basic concept, premium, life insurance contracts. Additional insurance.
19. Non-life insurance I. - characteristics, types of nonlife insurance. Insurance of persons, liability insurance.
20. Non-life insurance II. – property insurance, property insurance for physical persons, business risk insurance and industrial insurance, agricultural risk insurance.
21. Pension system in the Czech Republic - 3rd pension pillar - participation funds, transformed funds.
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| Recommended or Required Reading |
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| Required Reading: |
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CECCHETTI Stephen G. a Kermit L. SCHOENHOLTZ. Money, Banking, and Financial Markets. 6th ed. New York. MacGraw-Hill, 2020. 736 p. ISBN 978-1260226782.
KANTNEROVÁ, Liběna. Základy bankovnictví. Praha: C.H. Beck, 2016. 232 s. ISBN 978-80-7400-595-4.
VESELÁ, Jitka. Investování na kapitálových trzích. 3. vyd. Praha: Wolters Kluwer ČR, 2019. 952 s. ISBN: 999-00-018-4966-5. |
CECCHETTI Stephen G. a Kermit L. SCHOENHOLTZ. Money, Banking, and Financial Markets. 6th ed. New York. MacGraw-Hill, 2020. 736 p. ISBN 978-1260226782.
KANTNEROVÁ, Liběna. Základy bankovnictví. Praha: C.H. Beck, 2016. 232 s. ISBN 978-80-7400-595-4.
VESELÁ, Jitka. Investování na kapitálových trzích. 3. vyd. Praha: Wolters Kluwer ČR, 2019. 952 s. ISBN: 999-00-018-4966-5.
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| Recommended Reading: |
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CIPRA, Tomáš. Praktický průvodce finanční a pojistnou matematikou. 3.vyd. Praha: Ekopress. 2015. 308 s. ISBN 978-80-87865-18-7.
DUCHÁČKOVÁ, Eva. Pojištění a pojišťovnictví. 3. aktualiz. vyd. Praha: Ekopress, 2015. 306 s. ISBN 978-80-87865-25-5.
REJNUŠ, Oldřich. Finanční trhy. 4. aktualiz. a rozšíř. vyd Praha: Grada, 2014. 768 s. ISBN: 978-80-247-3671-6.
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CIPRA, Tomáš. Praktický průvodce finanční a pojistnou matematikou. 3.vyd. Praha: Ekopress. 2015. 308 s. ISBN 978-80-87865-18-7.
DUCHÁČKOVÁ, Eva. Pojištění a pojišťovnictví. 3. aktualiz. vyd. Praha: Ekopress, 2015. 306 s. ISBN 978-80-87865-25-5.
REJNUŠ, Oldřich. Finanční trhy. 4. aktualiz. a rozšíř. vyd Praha: Grada, 2014. 768 s. ISBN: 978-80-247-3671-6.
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| Planned learning activities and teaching methods |
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| Lectures, Individual consultations |
| 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 | Credit | 85 (85) | 85 |
| Písemka | Written test | 85 | 85 |