154-0352/03 – Personal Finance (PF)

Gurantor departmentDepartment of FinanceCredits4
Subject guarantorIng. Kateřina Kořená, Ph.D.Subject version guarantorIng. Kateřina Kořená, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory type B
Year2Semesterwinter
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
KOR21 Ing. Kateřina Kořená, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+1

Subject aims expressed by acquired skills and competences

The aim of this course is to get students acquianted with the principals of the financial literacy, i.e. personal financial planning and using of appropriate financial products. The students will be able to: - understand basic securities, - compare financial products, - understand principles of investment including collective investment, - define the work of financial adviser, - create own personal investment portfolio.

Teaching methods

Lectures
Tutorials

Summary

The course is focused on achieving basic knowledge of personal and family finance and financial literacy. The aim of this course is to get students acquainted with using of the appropriate financial products and understanding the work of financial advisor. The students will be able to compare particular financial products,to define the work of financial advisor and be familiar with basic principles of his/her work and to create own personal investment portfolio.

Compulsory literature:

SYROVÝ, Petr a Tomáš TYL. Osobní finance. 2. vyd. Praha: Grada, 2014. 224 s. ISBN 978-80-247-4832-0. VESELÁ, Jitka. Investování na kapitálových trzích. 2. vyd. Praha: Wolters Kluwer ČR, 2011. 792 s. ISBN 978-80-7357-647-9. KAPOOR, J. R., L. R. DLABAY a R. J. HUGHES. Personal Finance. 11th ed. McGraw-Hill/Irwin, 2014. 880 p. ISBN 978-0077861643.

Recommended literature:

CHAMBERS, Donald R., Mark Jonathan Paul ANSON, Keith H. BLACK and Hossein KAZEMI. Alternative Investments: CAIA level I. 3rd ed. Hoboken: Wiley, 2015. 935 p. ISBN 978-1-119-00336-6. PECK, Sarah. Investment Ethics. 1st ed. USA: Wiley 2011. 304 p. ISBN 978-0-470-43453-6. SMRČKA, Luboš. Rodinné finance. Praha: C. H. Beck, 2010. 538 s. ISBN 978-80-7400-199-4. FILIP, Miloš. Osobní a rodinné bohatství. Kam s penězi. 1. vyd. Praha: C. H. Beck, 2006. 474 s. ISBN 80-7179-416-3. FILIP, Miloš. Osobní a rodinné bohatství. Jak chytře investovat. 1. vyd. Praha: C. H. Beck, 2006. 381 s. ISBN 80-7179-466-X. FILIP, Miloš. Osobní a rodinné bohatství. Jak se dobře zajistit. 1. vyd. Praha: C. H. Beck, 2006. 273 s. ISBN 80-7179-416-3. SMRČKA, Luboš. Rodinné finance. 1.vyd. Praha: C. H. Beck, 2010. 538 s. ISBN 978-80-7400-199-4. STOWERS, James.E. Jak dosáhnout finanční nezávislosti. 1. vyd. Praha: Grada, 1996. 312 s. ISBN 80-7169-337-5.

Way of continuous check of knowledge in the course of semester

Credit exam - project, combined exam (written test and oral exam)

E-learning

Other requirements

There are no other requirements on student.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Financial investment, investment process. Financial planning, typical family financial targets. 2. Family finance, household balance sheet and cash-flow, household savings. Household budget, importance of nest egg and insurance. 3. Financial mathematics, time value of money, basic household situation application. 4. Insurance products, life and disability insurance, non-life insurance, correct insurance, most frequent insurance mistakes. 5. Pension system, pension funds. Pension system reform. Advantages and disadvantages of investing in pension funds. 6. Securities – bonds, shares, mutual fund shares. Household portfolio of securities.Short-term and long-term investing. 7. Collective investment, investing in mutual funds as a part of household portfolio. 8. Types of funds, active and passive investment strategies. DCA method. 9. Bank products, deposit accounts, credit products, mortgage loans, consumer lending, credit cards, building loans. 10. Household portfolio of securities in the Czech Republic, indebtedness of the Czech households, comparison with other foreign countries. Principles of financial portfolio creation, good and bad debt, diversification, regular investing. 11. Alternative investments - yield, risk, liquidity. Investing in tangible assets (real properties, commodities, collections). 12. Investment psychology, value of money, relation to the own property, analysis of the investor behaviour, psychological analysis in financial markets. 13. Role of financial advisor, work with client, ethical use of information, ethics in financial markets. 14. Selected examples of non-ethical financial advisory and investing.

Conditions for subject completion

Full-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit  
        Examination Examination 100  51
Mandatory attendence parzicipation: Credit exam - 66% attendance in seminars

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (N0488A050004) Finance and Accounting (S01) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2020/2021 (N0488A050004) Finance and Accounting (S02) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory type B study plan
2019/2020 (N0488A050004) Finance and Accounting (S02) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory type B study plan
2019/2020 (N0488A050004) Finance and Accounting (S01) Finance P Czech Ostrava 2 Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner