154-0900/03 – Finance (FIN)
| Gurantor department | Department of Finance | Credits | 20 |
| Subject guarantor | prof. Dr. Ing. Zdeněk Zmeškal | Subject version guarantor | prof. Dr. Ing. Zdeněk Zmeškal |
| Study level | postgraduate | Requirement | Compulsory |
| Year | | Semester | winter + summer |
| | Study language | Czech |
| Year of introduction | 2013/2014 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Doctoral |
Subject aims expressed by acquired skills and competences
The subject course Finance is a generalized base subject in the studies of the
doctoral field Finance. It is aimed above all on financial decision-making and
management on the micro-level (corporations, investment companies, commercial
banks etc.) as it includes the basic topics related to finances necessary and
essential for this type of study. The subject contents are divided into the
following topical regions:
I. Principles of Financial Decision-Making
II. Corporate Finance
III.Capital markets
IV. Banking
V. International Finance
Teaching methods
Individual consultations
Summary
Compulsory literature:
Copeland, T.E, Weston, J.F.: Financial theory and corporate finance. Addison
-Wesley, Reading,1988.
Dluhošová, D. a kol.: New approaches and financial instruments in financial
decision-making, VŠB – TUO, 2004.
Elton, E.J., Gruber, M.J: Modern portfolio theory and investments analysis.
Wiley, New York, 1987.
Ingersoll, J. E.: Theory of Financial Decision Making. Totowa, NJ:
Rowman&Littlefield, 1987.
Levy, H., Sarnat, M.: Capital Investment and Financial Decisions, Prentice Hall
International (UK) Ltd., 1990.
Zmeškal, Z. Financial Models. Ostrava: VŠB-TUO, 2004.
Recommended literature:
LEVY, W., SARNAT, T. M. (1995). Capital Investment and Financial Decisions. New York: Prentice Hall.
LUENBERGER, D. (2013). Investment Science. 2nd Ed. London: Oxford University Press.
LUMBY, S. (1996). Investment Appraisal and Financial Decisions. USA: Chapman and Hall.
Way of continuous check of knowledge in the course of semester
E-learning
Other requirements
Project with the at least 30 pages concentrating on selected topics )after consultation with the course guarantee). The goal of the project to verify that the students is able to process chosen topic on a scientific level.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
I. FINANCIAL DECISION-MAKING
(1) Criteria of the financial decision-making
(2) CAPM and APT models
(3) Financial derivatives
(4) Financial derivatives valuation
(5) Fixed income securities
II. CORPORATE FINANCE
(1) Capital budgeting
(2) Dividend theories and policies
(3) Company valuation
(4) Financial planning
(5) Corporate taxes
III. CAPITAL MARKETS
(1) Financial system fundamentals
(2) Securities of the financial markets
(3) Analysis of securities
(4) Collective investing
(5) Trading at exchanges
IV. BANKING
(1) Banking systems
(2) Banking activities
(3) Assets, equity and liabilities management
(4) Bank management
(5) Insurance management
V. INTERNATIONAL FINANCE
(1) Microstructure of the exchange markets
(2) Exchange rates prediction
(3) Exchange risk management
(4) International investments
(5) International financial markets
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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