| Course Unit Code | 634-3004/01 |
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| Number of ECTS Credits Allocated | 6 ECTS credits |
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| Type of Course Unit * | Compulsory |
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| Level of Course Unit * | Second Cycle |
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| Year of Study * | |
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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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| MYN07 | Ing. Martin Mynář, CSc. |
| Summary |
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| The aim of the course is to introduce the basic concepts of the capital market, tax issues in the CZECH REPUBLIC, financial derivatives and commercial insurance. After studying the module, a student should be able to identify the main principles and capital markets division, to define the function of direct and indirect taxes, to define the concepts of derivatives and describe the differences in commercial insurance. |
| Learning Outcomes of the Course Unit |
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After studying this chapter you will be able to define what the financial markets are, explain how financial markets operate, determine the basic division of financial markets.
After reading this paragraph you will be able to explain and describe the functioning of the Stock Market.
After studying this paragraph you will be able to explain and describe various basic tax concepts.
After reading this paragraph you will be able to describe the financial derivatives we know and how we divide them.
After studying this paragraph you will be able to explain and describe the basic function of public finance and of commercial insurance.
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| Course Contents |
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1. Financial Markets. Division of Financial Markets. Financial markets, their role and fiction.
2. The Stock Exchange and Stock Exchange Shops. History of the Stock Exchange. Stock Exchange - peak capital market institutions. Types of stock exchanges. Features of Stock Exchange.
3. Prague Stock Exchange, Joint Stock Company. Czech Stock RM -System, Inc. Characteristics of Foreign Securities. Summary of basic concepts. Dissemination of exchange information.
4. Financial Derivates. The distribution of derivative financial instruments. Classification of financial derivatives according to the underlying asset.
5. Division of financial derivatives according to instruments type (by sort). The importance of financial derivatives.
6. Taxes and Their Role in Economic System. Tax Functions. Division of taxes.
7. Tax Systems in the CZECH REPUBLIC. Direct Taxes. Indirect taxes.
8. Direct Taxes. Income taxes. Property taxes.
9. Physical person income tax. Legal entity income tax. Property taxes. Real estate tax. Road tax. Inheritance Tax. Gift Tax. Real estate transfer tax.
10. Indirect taxes. Taxes on consumption. Value Added Tax (VAT).
11. Consumer tax. Value Added Tax (VAT).
12. Public Administration and Budgets. Public administration. Public Finances. Public budgets. State budget.
13. Insurance System. Commercial insurance. Social insurance. Health Insurance.
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| Recommended or Required Reading |
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| Required Reading: |
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[1] BROWN, C. V. Jackson. PM Public Sector Economics, 4th Edition. Oxford University and Cambridge, USA. 1994th.
[2] MYNÁŘ, M. Financial Systems, Investment in Education Development, Studijní opora v rámci projektu „Rozvoj jazykových kompetencí pracovníků VŠB-TU Ostrava: InterDV“, Klíčová aktivita KA 03, 2014.5] |
[1] Mynář, M. Finanční systémy. Ostrava: VŠB-TU Ostrava, 93 s. 2010.
[2] Marková, H. Daňové zákony 2010. Praha: Grada Publishing, a.s., 2010.
[3] Jílek, J. Akciové trhy a investování. Praha: GRADA Publishing, a.s., 2010.
[4] MYNÁŘ, M. Financial Systems, Investment in Education Development, Studijní opora v rámci projektu „Rozvoj jazykových kompetencí pracovníků VŠB-TU Ostrava: InterDV“, Klíčová aktivita KA 03, 2014.5]
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| Recommended Reading: |
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[1] Bellalah, M.: Derivatives, risk management and value. World Scientific. Singapur. 2010th.
[2] Exotic options. Ed. A. Lipton. Risk Books, London 2003th.
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[1] Vančurová A., Láchová L. Daňový systém ČR aneb učebnice daňového práva. Praha: nakladatelství 1. VOX a.s., 2010.
[2] Jílek, J. Finanční trhy a investování. Praha: GRADA Publishing, a.s, 2010.
[3] Stibor, M., Vašut, P., Vozňáková, I. Financial Systems. Ostrava: VŠB-TU Ostrava, 2005.
[4] Mynář, M. Financial Systems. Ostrava: VŠB-TU Ostrava, 2012.
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| Planned learning activities and teaching methods |
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| Lectures, Tutorials, Project work |
| Assesment methods and criteria |
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| Tasks are not Defined |