154-0552/01 – Personal Finance (PF)
| Gurantor department | Department of Finance | Credits | 3 |
| Subject guarantor | Ing. Kateřina Kořená, Ph.D. | Subject version guarantor | Ing. Kateřina Kořená, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Choice-compulsory |
| Year | 2 | Semester | winter |
| | Study language | English |
| Year of introduction | 2010/2011 | Year of cancellation | 2020/2021 |
| 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 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 a work of financial adviser,
- create own personal investment portfolio,
- understand main ethical principles in finance.
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:
Recommended literature:
Way of continuous check of knowledge in the course of semester
E-learning
Other requirements
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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
Předmět neobsahuje žádné hodnocení.