Faculty of Information Technology, BUT

Course details

Rudiments of Funding

IZFI FBM BUT ZF Acad. year 2019/2020 Summer semester 4 credits

Financial market structure, institutions and tools. Money market - banking, banking products. The capital market - basic rules of financial investments, investment tools (types of securities and ways of capital market analysis), capital market institutions. Stock exchange. Insurance. Public finance (public revenues and expenditures, state budget, public debt).

Guarantor

Language of instruction

Czech

Completion

Credit+Examination

Time span

26 hrs lectures, 13 hrs exercises

Assessment points

100 exam

Department

IM FBM BUT

Lecturer

Instructor

Estélyiová Kristína, Ing. (FBM BUT)

Subject specific learning outcomes and competences

After completion of the course, the student is able:
- to define the financial market position, importance and function in the economic system;
- to utilize services provided by commercial banks;
- to describe the importance of the capital market, its tools (securities) and institutions from the view of financing and investment;
- to characterize the insurance market, its participants, tools;
- to define public finance functions and tools.

Learning objectives

The objective of the course is to make students familiar with the financial market area. From this view:
- to define the financial market position, importance and function in the economic system;
- to characterize money market institutions (central bank, commercial banks) and services provided;
- to introduce the meaning of capital market and to present its tools (securities) and institutions;
- to characterize the insurance market, its participants, tools;
- to define public finance functions and tools.

Prerequisites

Prerequisite kwnowledge and skills

Not required.

Study literature

  • MISHKIN, FREDERIC, S. The economics of money, banking, and financial markets, 8th ed. Boston: Pearson/addison Wsley, 2007. 0-321-28726-6. (EN)
  • ČERNOHORSKÝ, J., TEPLÝ, P. Základy financí. Praha: Grada, 2011 (CS)
  • MUSÍLEK, P. Trhy cenných papíru. Praha: Ekopress, 2011. 520 s. ISBN 978-80-86929-70-5. (CS)
  • KAŠPAROVSKÁ, V. Banky a komerční obchody. Kravaře: Marreal servis, 2010 (CS)
  • NÝVLTOVÁ, R. REŽNÁKOVÁ, M. Mezinárodní kapitálové trhy: zdroj financování. Praha: Grada, 2007. 222 s. ISBN 978-80-247-1922-1. (CS)
  • POLOUČEK, S. a kol. Bankovnictví. Praha: C. H. Beck, 2006 (CS)
  • RADOVÁ, J., DVOŘÁK, P., MÁLEK, J. Finanční matematika pro každého. Praha: Grada, 2005 (CS)
  • REJNUŠ, O. Finanční trhy. 4. roz. vyd. Praha: Grada Publishing, 2014. ISBN 978-80-247-3671- 6. (CS)
  • POLOUČEK, S. Peníze, banky, financní trhy. Vyd. 1. Praha : C.H. Beck, 2009. 414 s. ISBN 978-807-4001-529. (CS)
  • Režnáková, M. Finance. Financní systém. 1. díl. Brno: CERM, 2005 (CS)
  • Režnáková, M. Finance. Financní systém. 2. díl. Brno: CERM, 2005 (CS)

Syllabus of lectures

  1. Introduction.
  2. The economic system and the financial market.
  3. Banking system.
  4. Banking products.
  5. Capital market. Prague Stock Exchange.
  6. Stocks, bonds, financial derivates.
  7. Investment in the financial market. Theory of portfolio.
  8. Subjects of collective investment.
  9. Insurance.
  10. Leasing, factoring, forfeiting.
  11. Public finance I (public choice, public revenues and expenditures).
  12. Public finance II (public budgets, public debt).
  13. Summary. Discussion.
The course contains lectures that explain principles, decisions problems and methodology of the discipline, and exercises that promote the practical knowledge of the subject presented in the lectures.

Syllabus of numerical exercises

  1. The content of the Subject. Requirements. Basics of Financial Mathematics (interest).
  2. Basics of Financial Mathematics (saving, annuity).
  3. Loans. Building society accounts.
  4. Methods of stock's intrinsic value determination. Bonds valuation - duration, convexity, risk, return, yields.
  5. Seminar work presentation.
  6. Test.

Progress assessment

Attendance at lectures is not compulsory but is recommended. Attendance at seminars is required and checked by the tutor. Lessons are composed on the basis of weekly schedules. The way of substituting missed lessons is fully in the competence of a teacher.

Controlled instruction

WAY OF EXAMINATIONS: The written exam is oriented to verify theoretical and practical knowledge. The questions are formulated in the form of open and closed questions. The test is required a 50% success rate.

RULES OF THE CLASSIFICATION: according to rules of study Examination of the Brno University of Technology.

Exam prerequisites

CREDIT REQUIREMENTS: At least 50 % successful passing of the test. Students have the possibility to use one regular and one resit test. Presentation of the essay. Voluntary homework. Participation in seminars (one absence during the semester is tolerated).

Course inclusion in study plans

  • Programme BIT, 2nd year of study, Elective
  • Programme IT-BC-3, field BIT, any year of study, Elective
  • Programme IT-BC-3, field BIT, 2nd year of study, Elective
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