Not Defined at "FP"
CPB FBM BUT cpbP Acad. year 2018/2019 Summer semester 4 credits
The course is focused on the issue of securities and trading on public organized markets. The interpretation is focused on the principles of the functions of exchange markets through a system of defining the internal structure to the mechanism of operation and economic impact in the event of failure. Completion of the course students acquire both a comprehensive view of the importance of financial investment instruments, and will learn to identify their specific properties. Together with the acquired practical knowledge on the principles of investment and knowledge of how to deal with them, the student can then carry out commercial transactions in the Czech Republic, as well as on foreign exchanges.
Language of instruction
Subject specific learning outcomes and competences
Students will understand the function of financial markets and the importance of securities, carry out the analyzes needed to decide on investments in the financial markets, diversify risk, design investment strategies, and will be equipped with the necessary knowledge and knowledge of trading methods of securities, foreign currencies and commodities.
The goal of the course is to teach how to apply the acquired knowledge when making decisions on investments and assets allocation.
Prerequisite kwnowledge and skills
The course requires prior knowledge of economics, mathematics, statistics and the basics of law.
- Jílek, Josef. Finanční a komoditní deriváty. 1. vyd. Praha: Grada, 2002. 624 s. Finanční trhy a instituce. Finance. ISBN 80-247-0342-4. (in Czech)
- Rejnuš, Oldřich. Cenné papíry a burzy. 2., přeprac. vyd. Brno: Akademické nakladatelství CERM, 2013. 406 s. Učební texty vysokých škol. ISBN 978-80-214-4673-1. (in Czech)
- Jílek, Josef. Deriváty, hedžové fondy, offshorové společnosti. 1. vyd. Praha: Grada, 2006. 260 s. Finanční trhy a instituce. Finance. ISBN 80-247-1826-X. (in Czech)
- Rejnuš, Oldřich. Finanční trhy. 4., aktualiz. a rozš. vyd. Praha: Grada, 2014. 760 s. Profesional. ISBN 978-80-247-3671-6. (in Czech)
- Kislingerová, Eva a Hnilica, Jiří. Finanční analýza: krok za krokem. 2. vyd. Praha: C.H. Beck, 2008. xiii, 135 s. C.H. Beck pro praxi. ISBN 978-80-7179-713-5. (in Czech)
- Mishkin, Frederic S., Matthews, Kent a Giuliodori, Massimo. The economics of money, banking and financial markets. Harlow: Pearson Education, 2013. xxix, 625 s. ISBN 978-0-273-73180-1. (in English)
- Valach, Josef a kol. Investiční rozhodování a dlouhodobé financování. 3., přeprac. a rozš. vyd. Praha: Ekopress, 2010. 513 s. ISBN 978-80-86929-71-2. (in Czech)
- Šoba, Oldřich, Širůček, Martin a Ptáček, Roman. Finanční matematika v praxi. 1. vyd. Praha: Grada, 2013. 300 s. Partners. ISBN 978-80-247-4636-4. (in Czech)
- Veselá, Jitka. Investování na kapitálových trzích. 2., aktualiz. vyd. Praha: Wolters Kluwer Česká republika, 2011. 789 s. ISBN 978-80-7357-647-9. (in Czech)
- Gladiš, Daniel. Akciové investice. 1. vyd. Praha: Grada, 2015. 176 s. Investice. ISBN 978-80-247-5375-1. (in Czech)
- Wystup, Uwe. FX options and structured products. Chichester: John Wiley & Sons, 2006. xv, 323 s. Wiley finance series. ISBN 0-470-01145-9. (in English)
Syllabus of lectures
1) The importance of organized markets and their impact on the financial and economic system.
2) Exchange Systems and methods for their operation.
3) Specific functions of individual sub-segments of the stock market.
4) Basic factors of investment strategy
5) The types of shares, their properties and ways of doing business.
6) Fundamental Analysis.
7) Technical Analysis.
8) Psychological Analysis.
9) Basic types of bonds, their properties and ways of doing business.
10) Investing through collective investment funds.
11) Fixed term derivative instruments - trading futures
12) Contingent derivative instruments - stock options trading.
13) Synthetic derivative instruments
12) Specific features of structured products and trading.
13) Specifics exchange trading commodities and foreign currencies.
Syllabus of numerical exercises
1) Introduction to the study "Securities and Stock Exchanges."
2) Exchange Systems stock exchanges, means of exchange trading.
3) Exchange trading of securities in the Czech Republic (practical exercises of trading)
4) The control test; investing through mutual and investment funds
5) Exchange trading of securities on foreign exchanges (practical exercises of trading on the stock exchanges in the U.S. and Germany).
6) The final test
Attendance at seminars will be checked by the lecturer.
The course is completed graded credit, based on the successful writing of a written test which is consisting of two parts, both of which must be successfully met. The first part of the test consists of calculating the three examples, each of which is calculated correctly for example a student can get up to 5 points. Student can
receive in total 15 points of the test. The minimum number of points, which can be part of this test is to recognize the 10.
The second part of the test consists of twenty questions, having different numbers of correct answers that student rings. For the correct answer student gets positive point, for a wrong answer gets minus point. No answers are in the focus on. If the student reaches 90% of the maximum number of correct answers, he is evaluated and graded A, upon reaching 85% correct level B, while achieving 80% correct degree C, reaching 75% in stage D and at a 70% correct degree E.
Absence from seminars could be compensated for via a special assignment or a special credit test.
Course inclusion in study plans