Financial Markets

• 26 hrs lectures
• 13 hrs exercises

The basic objective of the course is to teach students to understand the financial market as an integral part of the economic system, as well as its role, essence and significance of its operation. In addition, students will learn how to actively participate in standard types of financial transactions, both in terms of carrying out financial transactions of companies and in managing and managing personnel finances. An integral part of the course is also the basics of financial mathematics, knowledge of which is essential in investment practice.
Students will gain not only theoretical but also practical knowledge related to the functioning of the financial market, with a focus on banking products and services. In addition to a comprehensive understanding of the importance of financial markets for the economy of each country, they will also gain knowledge regarding the activities of institutions and entities operating in the financial market, their role and significance. They will learn to differentiate and use selected types of financial instruments in practice, both from the point of view of investors or users, as well as their issuers or providers. They will also learn to plan and carry out basic operations with financial instruments, both in business practice and in personal finance management.

The course is a follow-up to the knowledge of theory of market economy, monetary theory, and ways of pursuing of expansive and restrictive monetary and fiscal policy in an open economy, basic activities of banking system institutions.

Lecture content:

1. Introduction to financial markets - types, roles and importance.
2. Financial institutions and their importance in the economy.
3. Banking system.
4. Basic banking products.
5. Payment instruments.
6. Banking products for corporate financing (leasing, factoring, forfeiting).
7. Banking regulation.
8. Basic factors of investment strategy.
9. Bonds.
10. Shares.
11. Basic types of futures contracts.
12. Structured products.
13. Collective investment.

Seminars content:

1. Currency – protective elements.
2. Simple and compound interest, discounting.
3. Savings and regular investments.
4. Pensions and annuities, debt amortization.
5. Bonds.
6. Shares.
7. Credit.

Learning outcomes:

Professional knowledge - The student knows the importance of financial markets for the economic system, their basic tools and services important for business entities and households.

Professional competences - The student is able to quantify the economic benefits of selected financial products and services using financial mathematics.

Professional skills - The student is able to evaluate and decide on the use of financial products and services within corporate and personal finances.

Credit is awarded on the basis of successful completion of prescribed written tests, the content of which is the mathematics discussed in the exercises. The student can get a maximum of 30 points, while the minimum number of points for which credit can be awarded is 15 points. Credit is a condition of admission of a student to the exam.

The exam is in writing (oral re-examination if necessary). The exam contains test and open questions, max. number of points 70, min. the number of points for passing the exam is 35.

The final course evaluation is the sum of the points from the exam and the credit according to the ECTS classification scale of the BUT Study and Examination Rules:

• A: point evaluation 100 - 90
• B: point evaluation 89 - 80
• C: point evaluation 79 - 70
• D: point evaluation 69 - 60
• E: point evaluation 59 - 50
• F: point evaluation 49 - 0

Completion of the course in individual study:

ditto
Completion of the course in distance form:
ditto

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