BPF_TFSC Transformation of the Financial System

Ekonomicko-správní fakulta
podzim 2015
Rozsah
2/0/0. 4 kr. k = 1. Ukončení: zk.
Vyučující
Oleg Deev, Ph.D. (přednášející)
Ing. Dagmar Vágnerová Linnertová, Ph.D. (přednášející)
Garance
Ing. Dagmar Vágnerová Linnertová, Ph.D.
Katedra financí – Ekonomicko-správní fakulta
Kontaktní osoba: Iva Havlíčková
Dodavatelské pracoviště: Katedra financí – Ekonomicko-správní fakulta
Rozvrh
Út 11:05–12:45 P101
Omezení zápisu do předmětu
Předmět je nabízen i studentům mimo mateřské obory.
Předmět si smí zapsat nejvýše 80 stud.
Momentální stav registrace a zápisu: zapsáno: 0/80, pouze zareg.: 0/80, pouze zareg. s předností (mateřské obory): 0/80
Mateřské obory/plány
předmět má 26 mateřských oborů, zobrazit
Cíle předmětu
The main objective of the course is to acquaint students with the concept of financial system, the necessity and importance of financial transformation in the chosen emerging countries, and possibility of transformation process of the financial system to affect economic development. Students will be able to examine current issues and developments influencing the global or domestic financial sector of the economy from the historical perspective. Students should also be capable of discussing advantages and disadvantages of transformation process in the chosen emerging countries and understanding the causes and consequences of the 2007-2010 global financial crisis. The subjects of discussion in the course are chosen due to their demonstrative power to show successfulness of the transformation process of the economy in both Western and Eastern civilization models (the Czech Republic and the People’s Republic of China, respectively) along with struggling, possibly worst case scenario of the transformation (the Russian Federation).
Osnova
  • 1. Introduction to the Course. Financial System and its Transformation: Basic Definitions and Concepts

    2. Global Financial System: Concept, Evolution and Major Institutions.

    3. Financial Crises and Its Impact on the Financial System.

    4. China’s Economic Transition: Key Factors of Economic Development, Reformation Process, Results of the Economic Transformation, Challenges for the Future.

    5. Financial System of China: Banking System, Financial Markets, Regulation and Supervision.

    6. Economic Transition of Russia: Key Factors of Economic Development, Transformation Procedures, Results of the Economic Transformation, the 1998 Financial Crisis, Challenges for the Future.

    7. Financial System of Russia: Banking System, the 1998 Banking Crisis, Financial Markets.

    8. Economic Transition of the Czech Republic.

    9. Banking System of the Czech Republic.

    10. Prague Stock Exchange: Profile, History, Rules, Trading Groups, and Exchange Indices.

    11. Capital Market of the Czech Republic: Structure, Present State, Expected Developments, and Specific Aspects.

    12. Market Regulation and Protection in the Czech Republic (SEC).

    13. Financial Management in Czech Firms: Principles and Practices.

Literatura
    povinná literatura
  • Outline of the lectures are available in the Study Materials. For the topics 1-7 essential readings will be announced at the end of each lecture.
  • MISHKIN, Frederic S. a Stanley G. EAKINS. Financial markets and institutions : global edition. 7th ed. Boston: Pearson, 2012, 663, 16. ISBN 9780273754442. info
    doporučená literatura
  • SVOBODA, Martin. The transformation of the financial system in the Czech Republic. 1. vyd. Brno: Masarykova univerzita, 2007, 170 s. ISBN 9788021042483. info
  • Cultivation of financial markets in the Czech Republic. Edited by Michal Mejstřík. Prague: Charles University in Prague, The Karolinum Press, 2004, 399 s. ISBN 8024609800. info
  • Russia after the global economic crisis. Edited by Anders Åslund - Sergej Maratovič Gurijev - Andrew Kuchins. Moscow: New Economic School, 2010, xv, 287. ISBN 9780881324976. info
  • ÅSLUND, Anders. How capitalism was built : the transformation of Central and Eastern Europe, Russia, the Caucasus, and Central Asia. 2nd ed. Cambridge: Cambridge University Press, 2013, xv, 423. ISBN 9781107628182. info
Výukové metody
The course is taught in lectures only, which include class discussions and require active participation. Essays improve the ability of students to summarize a certain issue in the field of transformation of the financial system and discuss it critically. Readings serve to broaden and deepen the spectrum of knowledge students acquire during the lectures.
Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.The course is taught in lectures only, which include class discussions and require active participation. Essays improve the ability of students to summarize a certain issue in the field of transformation of the financial system and discuss it critically. Readings serve to broaden and deepen the spectrum of knowledge students acquire during the lectures.
Metody hodnocení
For the successful completion of the course students are required to submit an essay on the specific topic (the list of topics is available in the Study Materials) and take a written exam (test of 20 questions or problems with multiple choices – up to 20 grade points). Exam questions are based on basic definitions and concepts discussed in the course, the analysis of developments in financial systems of Russia, China and the Czech Republic, as well as essential readings. Students will not be allowed to take an exam without submitting an essay with all the requirements fulfilled. Excellent essays would be awarded with additional grade points (up to 10).
Additional grade points (up to 10) might be also gained for the lecture participation, which means that student is actively watching, listening and answering questions as the lecture progresses. Student tries to solve the suggested example problems as the lecture proceeds and proves that he/she has learned the material by answering the related questions and working the related problems incorporated in the summative assessment.

Essay requirements:
1. An essay should express your own opinions and thoughts, based on facts or supported by experts’ opinions expressed in books, scientific articles, newspaper or magazine articles, or economic reviews (Please use materials only relevant to the topic). Quotations are obligatory and should be integrated into writing. At least five sources should be used for the writing.
2. An essay must be one page long and should be well-organized. Begin the essay with an introduction stating the aims of the essay and conclude with a summary bringing together the main issues investigated in the essay.
3. ESF official formatting requirements must be fulfilled (Times New Roman, font size of 12 points, 1.5 spacing between the lines, heading with student’s name, UČO and topic).
4. An essay should be written in English and be spell-checked, grammar-checked and personally proofread.
5. List of references is required and might be put on the second page (use generator.citace.com for its compilation).
6. Any tables and figures should be placed on the second page.
7. Essay should be submitted to the Homework Vaults by the specified deadline.
8. Non-satisfactory essays will be awarded with zero grade points. Essays with a clear structure, a good understanding of the material and originality in the approach are likely to achieve a good mark.
Vyučovací jazyk
Angličtina
Informace učitele
Final grades would be given according to the following grading scale:
A = 28-30+; B = 26-27; C = 23-25; D = 21-22; E = 18-20; F = below 18. Plus/minus grading at student’s request will not be used in this course.

Students in this course are expected to adhere to the Masaryk University’s high standards of integrity as spelled out in the Disciplinary Code for Students and Directive N.3/2008. Anyone who cheats on exams, or who submits essay that is not their own, will be subject to the penalties set forth in the Code. Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Další komentáře
Studijní materiály
Předmět je vyučován každoročně.
Informace k inovaci předmětu
Předmět byl inovován v rámci projektu "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)", který je spolufinancován Evropským sociálním fondem a státním rozpočtem České republiky.

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Předmět je zařazen také v obdobích podzim 2009, jaro 2010, podzim 2010, jaro 2011, podzim 2011, jaro 2012, podzim 2012, jaro 2013, podzim 2013, jaro 2014, podzim 2014, jaro 2015, jaro 2016, podzim 2016, jaro 2017, podzim 2017, jaro 2018, podzim 2018, jaro 2019, podzim 2019, podzim 2020.