154-9520/01 – Finance (FINa)
| Gurantor department | Department of Finance | Credits | 10 |
| Subject guarantor | prof. Ing. Tomáš Tichý, Ph.D. | Subject version guarantor | prof. Ing. Tomáš Tichý, Ph.D. |
| Study level | postgraduate | Requirement | Compulsory |
| Year | | Semester | winter + summer |
| | Study language | English |
| Year of introduction | 2019/2020 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Doctoral |
Subject aims expressed by acquired skills and competences
The course summarizes essential basis of knowledge for the doctoral study programme in Finance. Above all, it aims on extending the knowledge and skills of students in financial decision-making and management on the micro-level (i.e., corporations, financial institutions) as it includes all key topics related to PhD level finance. The course content is divided into 5 areas.
Teaching methods
Lectures
Individual consultations
Project work
Summary
The course is a profile course for the doctoral studies in Finance and therefore summarizes essential basis of knowledge in finance. Above all, it aims on financial decision-making and management on the micro-level (i.e., corporations, financial institutions) as it includes all key topics related to PhD level finance. The course content is divided into key subtopics.
Compulsory literature:
ELTON, E. J. and M. J. GRUBER. Modern Portfolio Theory and Investments Analysis. 8th ed. New York: John Wiley & Sons, 2009.
FABOZZI, F. J. The Handbook of Fixed Income Securities. New York: McGraw-Hill, 2011.
HULL, John. Options, Futures, and Other Derivatives. 10th ed. New Jersey: Pearson, 2017.
Recommended literature:
JORION, Philippe. Value at Risk. 3rd ed. McGraw-Hill, 2009.
SHAPIRO, Alan C. Multinational Financial Management. 10th ed. New Jersey: Wiley, 2013.
SMIT, John and Lenos TRIGEROGIS. Strategic Investment: Real Options and Games. New York: Princeton University Press, 2012. 504 pp.
Additional study materials
Way of continuous check of knowledge in the course of semester
Written project, oral exam
E-learning
Other requirements
1) Presentation of papers recently published in top journals for each course are.
2) Written project of about 30 pages focused on a topic related to the PhD thesis theme (after approvel by the supervisot and course guarantee). The goal of the project is to verify that the student is able to elaborate a given research topic on PhD level.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
A. Principles of Financial Decision-Making (Financial decision-making criteria; Portfolio theory, CAPM and APT; Financial derivatives; Valuation of financial derivatives; Fixed income securities)
B. Corporate Finance (Capital budgeting; Financial planning in corporate finance; Dividend theory and policy; Valuation and acquisition of a company; Taxes, accounting and financial decision-making)
C. Financial Markets (Financial system; Instruments of financial markets; Analysis of financial securities; Collective investment; Current trends at financial markets)
D. Banking and Insurance (Banking system; Bank products; Asset and liability management; Bank management; Insurance sector)
E. International Finance (Microstructure of foreign exchange markets; Determination and forecasting of the exchange rates; Financial management of international holding companies; International investment; International financial markets)
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction