154-0325 – Financial Models (FM)

Gurantor departmentDepartment of Finance
Subject guarantorprof. Dr. Ing. Zdeněk Zmeškal
Study levelundergraduate or graduate
Subject version
Version codeYear of introductionYear of cancellationCredits
154-0325/01 2004/2005 6
154-0325/02 2019/2020 6

Subject aims expressed by acquired skills and competences

The course aims at improvement of students’ ability to formulate, solve and subsequently interpret and evaluate real financial and banking issues by means of both, basic and advance approaches of mathematical modeling by means of software tools, mainly on MS Excel basis.

Teaching methods



Teaching and practicing students in formulation, solving and interpreting practical problems from the finance and banking area using simple and more complicated tools of mathematical modelling supported by software, primarily excel.

Compulsory literature:

BENNINGA, Simon and Benjamin CZACZKES. Financial Modelling. 3rd ed. The MIT Press, 2008. p. 1168. ISBN 978-0262026284. HULL, John C. Options, Futures and other Derivatives. 8th ed. Prentice Hall, 2011. p. 864. ISBN 978-0132777421. ZMEŠKAL, Zdeněk a kol. Finanční modely. 2. vyd. Praha: Ekopress, 2004. 236 s. ISBN 80-86119-87-4.

Recommended literature:

BENNINGA, Simon. Principles of Finance with Excel. 2nd ed. Oxford University Press, 2010. p. 816. ISBN 978-0199755479. FABOZZI, F. J., S. M. FOCARDI and P. N. KOLM. Financial Modeling of the Equity Market: From CAPM to Cointegration. Wiley, 2006. p. 651. ISBN 0-471-69900-4. HULL, John C. Risk Management and Financial Institutions. Wiley, 2012. p. 672. ISBN 978-1118269039.


Subject codeAbbreviationTitleRequirement
154-0323 FRR Financial Decision-Making under Risk Compulsory


Subject has no co-requisities.