634-3004/01 – Financial Systems (FS)

Gurantor departmentDepartment of Economics and Management in IndustryCredits6
Subject guarantorIng. Martin Mynář, CSc.Subject version guarantorIng. Martin Mynář, CSc.
Study levelundergraduate or graduateRequirementCompulsory
Year1Semestersummer
Study languageCzech
Year of introduction2014/2015Year of cancellation
Intended for the facultiesFMTIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
MYN07 Ing. Martin Mynář, CSc.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 3+2
Combined Credit and Examination 18+0

Subject aims expressed by acquired skills and competences

After studying this chapter you will be able to define what the financial markets are, explain how financial markets operate, determine the basic division of financial markets. After reading this paragraph you will be able to explain and describe the functioning of the Stock Market. After studying this paragraph you will be able to explain and describe various basic tax concepts. After reading this paragraph you will be able to describe the financial derivatives we know and how we divide them. After studying this paragraph you will be able to explain and describe the basic function of public finance and of commercial insurance.

Teaching methods

Lectures
Tutorials
Project work

Summary

The aim of the course is to introduce the basic concepts of the capital market, tax issues in the CZECH REPUBLIC, financial derivatives and commercial insurance. After studying the module, a student should be able to identify the main principles and capital markets division, to define the function of direct and indirect taxes, to define the concepts of derivatives and describe the differences in commercial insurance.

Compulsory literature:

[1] BROWN, C. V. Jackson. PM Public Sector Economics, 4th Edition. Oxford University and Cambridge, USA. 1994th. [2] MYNÁŘ, M. Financial Systems, Investment in Education Development, Studijní opora v rámci projektu „Rozvoj jazykových kompetencí pracovníků VŠB-TU Ostrava: InterDV“, Klíčová aktivita KA 03, 2014.5]

Recommended literature:

[1] Bellalah, M.: Derivatives, risk management and value. World Scientific. Singapur. 2010th. [2] Exotic options. Ed. A. Lipton. Risk Books, London 2003th.

Way of continuous check of knowledge in the course of semester

E-learning

Integrovaný systém modulární počítačové podpory výuky ekonomicko-technického zaměření (http://lms.vsb.cz): - Vzdělávací modul 6 – Finančně-ekonomická analýza a rozhodování: submodul Využití změny cen vybraných surovin na komoditních trzích v rámci operativního řízení hutního podniku, submodul Analýza variant financování vozového parku ve vybraném hutním podniku včetně sestavení cash flow jednotlivých variant. - MYNÁŘ, M. Finanční systémy. Studijní opory. Ostrava: VŠB-TU Ostrava, 2012.

Další požadavky na studenta

PS: Elaborating term project and completing written tests. KS: Elaborating term project and completion of the final test.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Financial Markets. Division of Financial Markets. Financial markets, their role and fiction. 2. The Stock Exchange and Stock Exchange Shops. History of the Stock Exchange. Stock Exchange - peak capital market institutions. Types of stock exchanges. Features of Stock Exchange. 3. Prague Stock Exchange, Joint Stock Company. Czech Stock RM -System, Inc. Characteristics of Foreign Securities. Summary of basic concepts. Dissemination of exchange information. 4. Financial Derivates. The distribution of derivative financial instruments. Classification of financial derivatives according to the underlying asset. 5. Division of financial derivatives according to instruments type (by sort). The importance of financial derivatives. 6. Taxes and Their Role in Economic System. Tax Functions. Division of taxes. 7. Tax Systems in the CZECH REPUBLIC. Direct Taxes. Indirect taxes. 8. Direct Taxes. Income taxes. Property taxes. 9. Physical person income tax. Legal entity income tax. Property taxes. Real estate tax. Road tax. Inheritance Tax. Gift Tax. Real estate transfer tax. 10. Indirect taxes. Taxes on consumption. Value Added Tax (VAT). 11. Consumer tax. Value Added Tax (VAT). 12. Public Administration and Budgets. Public administration. Public Finances. Public budgets. State budget. 13. Insurance System. Commercial insurance. Social insurance. Health Insurance.

Conditions for subject completion

Full-time form (validity from: 2014/2015 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation and Examination Credit and Examination 100 (100) 51
        Exercises evaluation Credit 30  15
        Examination Examination 70  35
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2019/2020 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry K Czech Ostrava 1 Compulsory study plan
2019/2020 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry P Czech Ostrava 1 Compulsory study plan
2018/2019 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry P Czech Ostrava 1 Compulsory study plan
2018/2019 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry K Czech Ostrava 1 Compulsory study plan
2017/2018 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry P Czech Ostrava 1 Compulsory study plan
2017/2018 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry K Czech Ostrava 1 Compulsory study plan
2016/2017 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry P Czech Ostrava 1 Compulsory study plan
2016/2017 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry K Czech Ostrava 1 Compulsory study plan
2015/2016 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry P Czech Ostrava 1 Compulsory study plan
2015/2016 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry K Czech Ostrava 1 Compulsory study plan
2014/2015 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry P Czech Ostrava 1 Compulsory study plan
2014/2015 (N3922) Economics and Management of Industrial Systems (6208T123) Economics and Management in Industry K Czech Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
FMST 2019/2020 Full-time English Compulsory 601 - Study Office stu. block
FMMI 2018/2019 Full-time English Compulsory 601 - Study Office stu. block
FMMI 2017/2018 Full-time English Compulsory 601 - Study Office stu. block
FMMI 2016/2017 Full-time English Compulsory 601 - Study Office stu. block
FMMI 2015/2016 Full-time English Compulsory 601 - Study Office stu. block
FMMI_N 2014/2015 Full-time Czech Compulsory 601 - Study Office stu. block