Financial Institutions and Markets - JEB153

• Title: Financial Institutions and Markets
• Guaranteed by: Institute of Economic Studies (23-IES)
• Faculty: Faculty of Social Sciences
• Actual: from 2025
• Semester: summer
• E-Credits: 6
• Examination process: summer s.:
• Hours per week, examination: summer s.:2/2, Ex [HT]
• Capacity: 185 / 185 (190)
• Min. number of students: unlimited
• 4EU+: no
• Virtual mobility / capacity: no
• Key competences: entrepreneurship
• State of the course: taught
• Language: English
• Teaching methods: full-time
• Additional information: https://dl1.cuni.cz/course/view.php?id=18677
• Note: course can be enrolled in outside the study plan; enabled for web enrollment; priority enrollment if the course is part of the study plan
• Guarantor: Mgr. Magda Pečená, Ph.D.
• Teacher(s): Mgr. Magda Pečená, Ph.D.
• Class: Courses for incoming students
• Pre-requisite : {Group of pre-requisites for JEB153 (JEB027 or JEB120)}
• Incompatibility : JEB126
• Is incompatible with: JEB126

Annotation

English

This is an introductory course on financial institutions and markets. It provides students with an understanding of microeconomic, macroeconomic and political aspects of financial markets. An analysis of financial institutions/banks is further developed by the assessment of their activities, interaction with other market players and key associated risks. The course also outlines basic risk management techniques trying to create value for shareholders whilst keeping the risks in mind. Last but not least, the regulatory framework of the global financial industry is discussed. New trends in financial industry and central banking are not ommitted.

The lectures and tutorials start on Thursday February 19, 2026. Each lecture (every Thursday, 11:00 a.m.) is followed by a tutorial (every Thursday, 12:30 a.m.) that provides students with examples and exercises related to the topic of the lecture.

During the semester the students are also provided with ca 3 short articles ("readings") focused on various aspects of financial markets, these readings complement the lectures. The lectures will be complemented by app. 3 guest lectures provided by experts from financial industry.
The students are encouraged to discuss the topics and share their experience and knowledge.

Summer semester 2026 is to be conducted in the lecture room 109 (Opletalova).

All information (incl. presentations, readings, tutorial materials etc.) and links to on-line sessions please find in Moodle: https://dl1.cuni.cz/course/view.php?id=18677

Last update: Pečená Magda, Mgr., Ph.D. (28.12.2025)

Czech

Please switch to English

Last update: Pečená Magda, Mgr., Ph.D. (28.12.2025)

Literature

English

Obligatory textbooks (selected chapters)
1) Mejstřík, M., Pečená, M., Teplý, P. (2014). Banking in theory and practice. Prague: Karolinum Press
2) Mishkin, F S. (2010). The Economics of Money, Banking & Financial markets. Boston: Addison-Wesley

3 Readings assigned during the semester

Last update: Pečená Magda, Mgr., Ph.D. (04.01.2023)

Czech

Povinná literatura (vybrané kapitoly):
1) Mejstřík, M., Pečená, M., Teplý, P. (2014). Banking in theory and practice. Prague: Karolinum Press
2) Mishkin, F S. (2010). The Economics of Money, Banking & Financial markets. Boston: Addison-Wesley

3 články k přečetní, zadány v průběhu semestru

Last update: Pečená Magda, Mgr., Ph.D. (04.01.2023)

Requirements to the exam

English

The final grade will consist of two parts. In total you can get 100 points.

1) Midterm test (max 25 pts)

2) Final test (max 65 pts)

3) Bonus points (max 10 pts) 

The midterm test is written only once during the semester (usually during one of the tutorials). There are more terms for the final test.

Grading:

Points		Grade
91 – 100 pts	Excellent+	A
81 –  90 pts	Excellent-	B
71 –  80 pts	Very good+	C
61 –  70 pts	Very good	D
51 –  60 pts	Satisfactory	E
0 –  50 pts	Failed	F

Last update: Pečená Magda, Mgr., Ph.D. (28.12.2025)

Czech

Výsledná známka je tvořena dvěma částmi, celkem je možné dosáhnout 100 bodů.

1) Polosemestrální písemný test (25 bodů)

2) Závěrečný test (65 bodů)

3) Bonus points (max 10 body)

Polosemestrální test se píše pouze v jednom termínu. Pokud se student nemůže účastnit ze zdravotních důvodů, předloží potvrzení od doktora.

Body		Hodnocení
91 – 100 pts		A
81 –  90 pts		B
71 –  80 pts		C
61 –  70 pts		D
51 –  60 pts		E
0 –  50 pts		F

Last update: Pečená Magda, Mgr., Ph.D. (28.12.2025)

Syllabus

English

1. Financial markets - Introduction to financial markets and its players, global trends, role of financial industry and its institutions, overview of the financial institutions in the Czech Republic and worldwide, incl. stock exchanges and bond markets (incl. BCPP), deposit insurance (DI schemes), credit registers, short introduction to Islamic banking

2. Financial mathematics - Financial mathematics and valuation, basic accounting principles for financial instruments and institutions

3. Financial statement analysis of financial institutions – banks, non-bank loan providers, investment firms and investment funds, pension funds, brokerage, leasing, insurance,  financial groups, interaction with corporate (production) segment

4. Deposit institutions (banks & cooperatives) -  Business model analysis, financial performance assessment

5. NBFI I (contractual savings institutions: insurance & pension funds) 

6. NBFI II (investment intermediaries: investment funds, hedge funds, sovereign wealth funds) 

7. Test

8. Risk management of banks I: Credit risk, Liquidity risk and Operational risk

9. Risk management of banks II, Asset and liabilities management, Market risk management, Stress testing framework

10. Financial market regulation and supervision – organization and components of regulation and supervision (incl. licencing and resolution), Regulation and supervision of banks, non-banks loan providers, investment firms/funds

11. Central banking 

12. Current Trends: DEFI, ESG, Fintech 

Also a guest lecture may be included during the semester.

Last update: Pečená Magda, Mgr., Ph.D. (28.12.2025)

Czech

Předmět Financial Institutions and Markets je nabízen pouze v anglickém jazyce. Please switch to English.

Last update: Pečená Magda, Mgr., Ph.D. (28.12.2025)

Entry requirements

There are no specific prerequisites for the course. However, knowledge of basic mathematical operations (e.g. discounting, NPV calculation) and principal understanding of basic financial statements (balace sheet, P/L, cashflow statement) are welcome.

Last update: Pečená Magda, Mgr., Ph.D. (28.12.2025)

Registration requirements

No specific, the student must meet all official requirements (enrole in SIS) and enrole in Moodle

Last update: Pečená Magda, Mgr., Ph.D. (28.12.2025)