BKF_FITR Financial Markets

Faculty of Economics and Administration
Autumn 2022
Extent and Intensity
26/0/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Dagmar Vágnerová Linnertová, Ph.D. (lecturer)
Guaranteed by
Ing. Dagmar Vágnerová Linnertová, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Iva Havlíčková
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Sat 8. 10. 12:00–15:50 P304, Fri 21. 10. 12:00–15:50 P304, Sat 12. 11. 8:00–11:50 P304
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The aim of the course is to describe the role of financial system and individual markets within economic system, to determine particular markets and understand the structure of financial products. The course is divided in 4 blocks correspond with the structure of the financial market and the aim of each block is to provide the information about the structure and main products of a market and methods of valuation. The theoretical knowledge are linked with real market data obtained from the Bloomberg terminal or Yahoo Finance.
Learning outcomes
The student will be able to specify and characterize the structure of the financial market and individual forms of markets with a closer focus on the money market, the bond and stock market and the derivatives market. Students will be able to classify individual financial products, understand their characteristics and valuate them. Students will be able to formulate investment decisions based on risk and return and understand the basic principles of portfolio theory and diversification. After completing the course, students will be able to discuss the advantages and disadvantages associated with individual investment products and will orientate themselves in selected segments of the financial market. Students will understand the importance of the financial market in raising capital and its importance compared to commercial banks.
Syllabus

  • Lectures:
  • 1. The structure of the financial system and its importance in the economy
  • 2. Analysis of the money market
  • 3. Analysis of the bond market
  • 4. Methods usable for the valuation of bonds
  • 5. Stock market analysis, stock offering and the role of investors
  • 6. Methods applicable to share valuation, technical analysis of shares
  • 7. Theory of efficient market
  • 8. Market indices and their importance in the financial market
  • 9. Basics of portfolio theory
  • 10. Collective investment products and fund performance evaluation methods
  • 11. Derivatives market – forward and futures contracts
  • 12. Derivatives market – options and option formation/strategy
Literature
    required literature
  • MICHAEL, McMillan and Gerhard PINTO. Investments: Principles of Portfolio and Equity Analysis. CFA Institute Investment Series Set, 2011. ISBN 978-0-470-91580-6. info
  • MADURA, Jeff. Financial markets and institutions. 12th edition. Boston: Cengage, 2018, xxxiii, 76. ISBN 9781337099745. info
  • VESELÁ, Jitka. Investování na kapitálových trzích. 3. vydání. Praha: Wolters Kluwer, 2019, 950 stran. ISBN 9788075982124. info
    recommended literature
  • MISHKIN, Frederic S. and Stanley G. EAKINS. Financial markets and institutions. Ninght edition, global editi. Harlow, England: Pearson, 2018, 688 stran. ISBN 9781292215006. info
Teaching methods
The course is divided into individual lectures. The lectures copy the course syllabus. Powerpoint presentations are available to students online and individual topics are discussed during the lecture.
Assessment methods
The lectures are organized into three according to the schedule four-hour blocks, according to thematic areas as follows:
1st tutorial – topics No. 1 – 4,
2nd tutorial – topics No. 4 – 7,
3rd tutorial – topics No. 8 – 12,
Course completion conditions:
The final exam is only written - "multiple choice" - and corresponds to the scope and content of the individual lectures, a maximum of 60 points can be obtained.
The following classification scale applies to student evaluation, which reflects the points the student received from the final exam (max. 60): A 92 – 100%, B 84 – 91%, C 76 – 83%, D 68 – 75%, E 60 – 67%, F less than 60%)
Students can voluntarily prepare interim tests in the relevant subjects. These tests are always rated for a maximum of 5 points, their length corresponds to the difficulty of the topic. These points then improve the score obtained from the final test. 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.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on the extent and intensity of the course: tutorial 12 hodin.
Credit evaluation note: k = 1,00.
The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2023, Autumn 2024.
  • Enrolment Statistics (Autumn 2022, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2022/BKF_FITR