BPF_AFIM Financial Markets

Faculty of Economics and Administration
Spring 2024
Extent and Intensity
2/2/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Dagmar Vágnerová Linnertová, Ph.D. (lecturer)
Ing. Dagmar Vágnerová Linnertová, Ph.D. (seminar tutor)
Guaranteed by
Ing. Dagmar Vágnerová Linnertová, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Mgr. Jana Nesvadbová
Supplier department: Department of Finance – Faculty of Economics and Administration
Timetable
Thu 12:00–13:50 P312, except Thu 4. 4.
  • Timetable of Seminar Groups:
BPF_AFIM/01: Thu 14:00–15:50 P103, except Thu 4. 4., D. Vágnerová Linnertová
Prerequisites (in Czech)
((! BPF_FMRA Financial Markets )|| (! BPF_FMRN Financial Markets )|| (! BPF_FITR Financial Markets ))&&(! MPF_AFIM Financial Markets )
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 24/24, only registered: 3/24, only registered with preference (fields directly associated with the programme): 2/24
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.
Learning outcomes
A student will be able to specify and characterize the structure of the financial market and individuals forms of markets with the focus on money market, bond and equity market, derivative market. The part of the course is dedicated to commercial banking sector as a alternative method of a capital acquiring. Students will be able to classify particular financial products, know their characteristics and valuate them. Students will be able to formulate an investment decision base on risk and return. Students will be able to discuss about advantages and disadvantages related with individual investment products and will be oriented in all financial market segments. In the section deals with a commercial banking sector a student will be able to determine the role of banks on financial markets, understand the importance of bank regulation and discuss about advantages and disadvantages related with fund providing through investment products and/ or bank instruments.
Syllabus
  • Lectures:
    1. Overview of the Financial Environment
    2. Money Markets
    3. Bond Markets
    4. Valuation of debt securities
    5. Equity Market, Stock Offering and Investor Monitoring, Market Microstructure
    6. Stock Valuation and Risk
    7. Mutual Fund Operations
    8. Financial Futures Markets
    9. Option Markets
    10. Mortgage Markets
    11. Nonbank Operations
    12. Commercial Bank Operations
  • Seminars:
  • 1. Introduction of the seminar, Time value of money
    2. Overview of the Financial Environment
    3. Money Markets and Bond Markets
    4. Bond Markets
    5. Progress test no 1
    6. Equity Market, Stock Offering and Investor Monitoring,
    7. Stock Valuation and Risk
    8. Mutual Fund Operations
    9. Financial Futures Markets
    10. Option Markets
    11. Mortgage Markets
    12. Progress test no 2
Literature
    required literature
  • MADURA, Jeff. Financial markets and institutions. 12th edition. Boston: Cengage, 2018, xxxiii, 76. ISBN 9781337099745. info
  • MISHKIN, Frederic S. The economics of money, banking and financial markets. Thirteenth edition, Global e. Harlow: Pearson, 2022, 718 stran. ISBN 9781292409481. info
  • BODIE, Zvi, Alex KANE and Alan J. MARCUS. Investments. 10th global ed. Maidenhead: McGraw-Hill Education, 2014, xxviii, 10. ISBN 9780077161149. 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 dividend in individual lectures and seminars. Lectures copy the contents of the course. The powerpoint presentations are available online for students and individual topics are discussed during the lecture. In seminars individual student’s essay is delivered, which deals with the particular problem. The theory is practising using variation of exercises (including multiple choice problems, true/ false problems, etc. ) Computational problems link to the topic of a lecture are solved in seminars as well. The lecturer regularly prepares assignment that is solved in seminar and gives extra points for student’s individual solution that is delivered at the end of every seminar.
Assessment methods
The course is concluded by the written examination (questions in the form of a multiple choice). Total score from the written examination is 50 points.
In seminar there are written two progress tests with 30 points per a test (multiple choice, short essay or calculation). Student must get at least 36 points from both tests in the total.
Student must elaborate and deliver a presentation of an essay (10 points at maximum), which are adding to the final evaluation.
Total score is 90 points and at least 60 percent (54 points) is necessary for successful finishing of this course.
For the evaluation of students, the following scale is used: A 92 - 100%, B 84 - 91%, C 76 - 83%, D 68 - 75%, E 60 - 67%, F less than 60%.
In seminars a student can gain extra points base on his/her individual work, maximum extra points per a seminar are 2 points. Individual points from seminars are added to the final evaluation of students and can improve a final grade!
If a student commits a prohibited act, such as using various forbidden tools (e.g. cheatsheets), cribbing, taking out any part of the test or any other form of cheating, the teacher is allowed to interrupt the test and to grade the student with F according to the seriousness of the offence. The described procedure applies to all the activities that are included in the final evaluation of the course (semester paper).
In the case of a student going abroad, the student is required to write 2 intermediate tests and a final exam to pass the course. The grade will be based on the total number of points the student receives from all three compulsory parts. Alternatively, it is also possible to complete a similar subject abroad and apply for its recognition. The student is obliged to contact the subject guarantor before leaving and agree on the fulfilment of the stated conditions.
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on course enrolment limitations: Nezapisují si studenti, kteří absolvovali předmět PFFITR nebo PFFMRA nebo PFFMRN nebo BPF_FMRA nebo BPF_FMRN nebo BPF_FITR
The course is also listed under the following terms Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2021, Spring 2022, Spring 2023, Spring 2025.
  • Enrolment Statistics (Spring 2024, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2024/BPF_AFIM