Financial Modelling Using MS Excel and VBA - JEM128

• Title: Financial Modelling Using MS Excel and VBA
• Guaranteed by: Institute of Economic Studies (23-IES)
• Faculty: Faculty of Social Sciences
• Actual: from 2016 to 2019
• Semester: summer
• E-Credits: 4
• Examination process: summer s.:combined
• Hours per week, examination: summer s.:1/1, Ex [HT]
• Capacity: unknown / 80 (80)
• Min. number of students: unlimited
• 4EU+: no
• Virtual mobility / capacity: no
• State of the course: taught
• Language: English
• Teaching methods: full-time
• Teaching methods: full-time
• Additional information: http://ies.fsv.cuni.cz/cs/syllab/JEM128
• 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: doc. PhDr. Ing. et Ing. Petr Jakubík, Ph.D., Ph.D.
• Teacher(s): doc. PhDr. Ing. et Ing. Petr Jakubík, Ph.D., Ph.D.; Mgr. Ing. Adam Kučera, Ph.D.
• Class: Courses for incoming students
• Incompatibility : JEM189
• Is incompatible with: JEM189

Annotation

Last update: doc. PhDr. Ing. et Ing. Petr Jakubík, Ph.D., Ph.D. (20.02.2017)

This course is aimed to present some financial and business models and to show how they can be developed, solved or simulated using Microsoft Excel and its embedded Visual Basic for Applications (VBA) programming language. After a general short repetition of Excel and basic teaching in VBA, the course covers standard financial models (portfolio models, option pricing, simulation, corporate finance etc.). The aim of the course is to be a hands-on course with little theory where the students implement what they have studied on previous courses. The course should serve to bridge the gap between financial theory and its implementation.

Aim of the course

Last update: SCHNELLEROVA (25.10.2019)

This course is aimed to present some financial and business models and to show how they can be developed, solved or simulated using Microsoft Excel and its embedded Visual Basic for Applications (VBA) programming language. 

Literature

Last update: PhDr. Petr Bednařík, Ph.D. (06.06.2020)

BENNINGA S:. Financial Modeling. The MIT Press, 2nd Edition. Cambridge (MA), 2000.
JACKSON M., STAUNTON M.: Advanced modeling in finance using Excel and VBA, Wiley & Sons Ltd, 2001.
WALKENBACH J: Excel 2003 Power Programming with VBA. Wiley Publishing, 2004.
WALKENBACH J: Microsoft Office Excel 2003 Programování ve VBA. Computer Press, Brno, 2006.

Requirements to the exam

Last update: doc. PhDr. Ing. et Ing. Petr Jakubík, Ph.D., Ph.D. (15.03.2021)

Home exercises I - excel based (after 4 weeks of classes, at least 2 weeks DL) - weight 20%

Home exercises II – VBA based (after finishing all classes, at least 2 weeks DL) - weight 30%

Final project (after finishing all classes, DL end-July) - weight 50%

All three requirements can be a teamwork, group can contain up to three members.

Syllabus

Last update: doc. PhDr. Ing. et Ing. Petr Jakubík, Ph.D., Ph.D. (28.02.2023)

MS Excel
 
 Introduction
 Functions
 Random numbers
 Data tables
 Advanced functions
 Goal Seek/ Solver
 Data Analysis

VBA

 Introduction
 VBA fundamentals
 Sub procedures
 Function procedures
 VBA techniques
 User Form
 Advanced User Form

Basic financial application which will be solved by MS Excel and VBA

Basics finance calculation
Net present Value, compounding interest

Corporate Finance
Cost of Capital
Financial Statement modeling
Valuation

Portfolio Models
Variance-covariance matrix
Betas and SML
Optimalization
Value at Risk

Option Pricing
Binomial option pricing
Black&Sholes

Entry requirements

Last update: doc. PhDr. Ing. et Ing. Petr Jakubík, Ph.D., Ph.D. (20.02.2017)

Pre-requisites:
Basic understanding of Finance Theory, especially in the areas of Corporate Finance and Pricing of Financial Securities and Derivatives