| Course Unit Code | 154-0352/03 |
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| Number of ECTS Credits Allocated | 4 ECTS credits |
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| Type of Course Unit * | Choice-compulsory type B |
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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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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.
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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 |