154-0552/01 – Personal Finance (PF)

Gurantor departmentDepartment of FinanceCredits3
Subject guarantorIng. Kateřina Kořená, Ph.D.Subject version guarantorIng. Kateřina Kořená, Ph.D.
Study levelundergraduate or graduate
Study languageEnglish
Year of introduction2010/2011Year 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 Examination 2+0

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:

KAPOOR, J. R., L. R. DLABAY and R. J. HUGHES. Personal Finance. 11th ed. McGraw-Hill/Irwin, 2014. 880 p. ISBN 978-0077861643. MISHKIN, Frederic S. and Stanley G. EAKINS. Financial Markets and Institutions. 8th ed. Boston: Pearson Prentice Hall, 2014. 704 p. ISBN 978-0133423624. PECK, Sarah. Investment Ethics. 1st ed. USA: Wiley 2011. 304 p. ISBN 978-0-470-43453-6.

Recommended literature:

CALLAGHAN, George S., Ian FRIBBANCE and Martin HIGGINSON, Personal Finance. 2nd ed. Basingstoke: Palgrave Macmillan in association with The Open University, 2012. 487 p. ISBN 978-0-230-34811-0. 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. MADURA, Jeff. Personal Fnance. Boston: Pearson, 2014. 653 p. ISBN 978-0-13-299434-7. CLASON, George S. The Richest Man in Babylon. Great Britain: Amazon, 2007. ISBN 978-1-5304-3902-7. JOHNSON, Spencer. Who Moved My Cheese? London: Vermilion, 1999. 96 p. ISBN 0-09-181697-1. KIYOSAKI, Robert. Rich Dad, Poor Dad. USA: Sphere, 2002. 256 p. ISBN 978-0751532715.

Way of continuous check of knowledge in the course of semester

E-learning

Další požadavky na studenta

There are no other requirements on the students.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Financial investment. Investment triangle – personal finance application. 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. Savings products without insurance. Pension system, pension funds. Pension system reform. Advantages and disadvantages of investing in pension funds. 6. Securities: bonds, shares, mutual fund shares. Short-term and long-term investing. Household portfolio of securities. 7. Collective investment, types of funds. Investing in mutual funds. Index funds, guaranteed funds. Collective investment in the Czech Republic and abroad. 8. Bank products, deposit accounts, credit products, mortgage loans, consumer lendings, credit cards. Building loans. 9. Household savings structure, preferences of saving ways and styles, household debts. Comparison of Czech and foreign household portfolios. 10. Principles of financial portfolio creation, good and bad debt, investment process, diversificatin, regular investing. 11. Financial independence, financial freedom - explanation of the terms, their importance to family finance. Cash-flow quadrant. 12. Investing in tangible assets (real properties, commodities, collections). Inflation, interest rates, exchange rates, their ifluence on family finance. 13. Investment psychology, value of money, relation to the own property, analysis of the investor behaviour in the financial markets. 14. Financial institutions, history and development of financial institutions, regulation of financial institutions and financial market from the view of the personal finance. Present-day situation in the Czech financial market and global financial markets.

Conditions for subject completion

Full-time form (validity from: 2010/2011 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination 100  51
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2019/2020 (N6202) Economic Policy and Administration (6202T027) National Economy P English Ostrava 2 Choice-compulsory study plan
2018/2019 (N6202) Economic Policy and Administration (6202T027) National Economy P English Ostrava 2 Choice-compulsory study plan
2017/2018 (N6202) Economic Policy and Administration (6202T027) National Economy P English Ostrava 2 Choice-compulsory study plan
2010/2011 (N6202) Economic Policy and Administration (6202T010) Finance (01) Finance P Czech Ostrava 2 Choice-compulsory study plan
2010/2011 (N6208) Economics and Management (6208T062) Marketing and Business (00) Marketing and Business P Czech Ostrava 1 Choice-compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
Incoming Students 2017/2018 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2016/2017 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2015/2016 Full-time English Choice-compulsory 163 - International Office stu. block
Incoming Students 2014/2015 Full-time Czech Choice-compulsory 163 - International Office stu. block
Incoming students 2013/2014 Full-time Czech Choice-compulsory 163 - International Office stu. block
Incoming Students 2012/2013 Full-time Czech Choice-compulsory 163 - International Office stu. block