154-0537/04 – Financial Markets II. A (FM II.A )
| Gurantor department | Department of Finance | Credits | 5 |
| Subject guarantor | prof. Ing. Tomáš Tichý, Ph.D. | Subject version guarantor | prof. Ing. Tomáš Tichý, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 1 | Semester | summer |
| | Study language | English |
| Year of introduction | 2023/2024 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Follow-up Master |
Subject aims expressed by acquired skills and competences
The aim of this course is to extend basic knowledge of financial markets. At the end of the course students should be able to:
- understand stock analyses and to compare these analyses,
- learn to elaborate fundamental analysis,
- grasp derivative instruments,
- understand asset managemet and a role of a portfoliomanager,
- understand basic principles and necessity of ethic behaviour in financial markets,
- define financial markets regulation,
- evaluate situation in global financial markets and in the Czech financial market including investment possibilities in these markets.
Teaching methods
Lectures
Seminars
Project work
Summary
The aim of this course is to extend students' knowledge of financial markets. Completion of this course will enable students to understand stock analyses and practically apply a fundamental analysis, understand financial derivative instruments, understand portfolio management and the role of portfolio manager, grasp the basic principles and need for ethical behaviour in financial markets, define regulation of financial markets, and assess the current state of financial markets in the world.
Exercises are focused on deepening the knowledge of lectures using illustrative examples and application of acquired knowledge, especially in the field of fundamental analysis and option strategies.
Compulsory literature:
Recommended literature:
Way of continuous check of knowledge in the course of semester
Zápočet – seminární práce, písemný test
Zkouška – kombinovaná (písemná a ústní část)
Podmínky absolvování předmětu a účast na cvičeních v rámci ISP: Účast na cvičeních není povinná. Student musí splnit požadavky na absolvování předmětu – zápočet (odevzdání seminární práce, úspěšné vykonání zápočtové písemky) a úspěšné vykonání kombinované zkoušky (písemná a ústní část). Účast na přednáškách je nepovinná.
E-learning
Other requirements
There are no additional requirements on any student
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
Syllabus
1. Security analysis
Investing in stocks, growth and value investing strategies
Theory of efficient market - forms of efficiency, market anomalies
Bond analysis - time and risk structure of interest rates
Fundamental analysis - global, sectoral, individual company, financial analysis, intrinsic value, SWOT analysis
Technical analysis - main principles, history, charts and indicators, important indicators of financial markets
Psychological analysis - theory of psychological analysis, behavioral finance
Asset management, portfolio manager role
Global Investment Performance Standards (GIPS)
2. Derivative markets
Financial derivatives markets - classification, use of derivatives, derivative markets
Futures, forwards, swaps, options
Trading with derivatives - trading mechanism with futures contracts, clearing house
Option strategies, synthetic options - essence and use of option strategies
Structured products – structured bonds, investment certificates
Asset-backed securities – asset securitization, covered bonds
3. Ethics and financial markets
Code of Ethics and Standards of Professional Conduct (CFA)
Professional behavior - knowledge of laws, objectivity, examples of unethical behavior
Principles of ethical behavior on financial markets - non-public information, market manipulation
Obligations in relation to clients and employers - loyalty, prudent care, fair dealing, responsibility, trustworthiness
Ethics and reporting, client risk profile, providing information about the investment process
4. Regulation, functioning and investing in financial markets
World financial markets - use of world financial markets, major centres, USA, Europe, Asia
Investing in global financial markets - stock exchanges versus OTC market, advantages and disadvantages of international investing
Czech financial market - current situation, regulation, legal basis of the Czech financial market
Supervision and regulation on global financial markets - necessity of regulation, main principles of regulation
Current situation on financial markets, lessons learned from financial crises, new trends on financial markets
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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