Poslední úprava: PhDr. František Čech, Ph.D. (03.10.2018)
The course will cover the foundations of financial markets, money markets, and banks and their role in the economy and country financial stability, lessons from and responses to the current financial crisis.
Literatura - angličtina
Poslední úprava: PhDr. František Čech, Ph.D. (10.10.2018)
Textbooks:
Bodie, Kane, Marcus: Investments. Tenth global edition, 2014
Brealey, Myers and Allen: Principles of corporate finance. 10th edition, 2011
Hubbard and O'Brien, Money, Banking, and the Financial System, International Edition, 2011
Hull: Options, futures, and other derivatives. 6th edition, 2006
Milne: The Fall of the House of Credit, 2009
Mishkin: The economics of money, banking, and financial markets. Eleventh edition, global edition, 2016
Mishkin,Eakins: Financial markets and institutions, 7th ed., Global ed, 2012
Požadavky ke zkoušce - angličtina
Poslední úprava: PhDr. František Čech, Ph.D. (25.09.2023)
Course requirements
Homework assignment (15 pts)
Midterm examination (30 pts)
Final examination (50 pts)
Active class participation (5 pts)
To pass, students need to have at least 50.5 pts and at least 25 pts from the final exam
Grading scale:
90.5 - 100 pts – final grade A
80.5 - 90 pts – final grade B
70.5 - 80 pts – final grade C
60.5 - 70 pts – final grade D
50.5 - 60 pts – final grade E
0 - 50 pts – fail
Sylabus - angličtina
Poslední úprava: PhDr. František Čech, Ph.D. (03.10.2018)
Money and Monetary Institutions
the evolution of money and its functions, money aggregates, the role of money in the short versus long run, time value of money
Financial Markets, Financial Institutions, Banks and Banking
comparison of real and financial assets, agents and clients of financial markets, the evolution of financial markets, market structure, ongoing trends (globalization, securitization, financial engineering, regulation, and liberalization)
the role and evolution of banks, regulation of banks, the role and function of central banks, adverse selection and moral hazard in a lender-borrower relationship
Financial Engineering and Financial instruments
introduction of money markets, bond markets, equity securities, stock and bond market indexes, derivative markets, exchange-traded markets, over-the-counter markets, forward and future contracts, options, and arbitrage
Fixed Income Securities
bond characteristics, bond pricing, bond yields, yield curve, yield curve and future interest rates, interest rate structure
Options and Futures
value of options, option strategies, option valuation, future contracts, trading mechanisms in futures contracts, future market strategies
Security analysis
macroeconomic and industry analysis, intrinsic value versus market price, financial statement analysis
Portfolio Choice and Portfolio Management
interest rates, risk and risk premium, real versus nominal risk, risk and risk aversion, systematic versus intrinsic risk, portfolio risk, optimal portfolio, portfolio diversification, mean-variance analysis, capital asset pricing models(CAPM), portfolio performance valuation, international diversification, the process of portfolio management
Efficient Markets vs Behavioral Finance
efficient market hypotheses, empirical challenges to efficient market hypotheses, the role of psychology in behavioral finance
Bank Crisis and International Financial System
causes of the current global banking crisis, shadow banks and the financial crisis of 2007-2008, the role of government in sustainable banking, foreign exchange markets and exchange rate regimes, international money and capital markets, growing interdependence of financial markets, sources of financial risks
