Course syllabus FI - Finance (ŠAVŠ - WS 2018/2019)


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Course title: Finance
Semester: WS 2018/2019
Course supervisor: doc. Ing. Tomáš Krabec, Ph.D., MBA
Supervising department: Department of Finance and Accounting (ŠAVŠ)
Prerequisites for registration: not Bachelor state examination
Time allowance: full-time, 2/1 (hours of lectures per week / hours of seminars per week)
part-time, 0/12 (lectures per period / seminars per period)
Type of study: usual
Form of teaching: lecture, seminar
Mode of completion and credits: Exam (4 credits)
Course objective:
Upon successful completion of this course, students will be able to understand basic principles of finance and their application in the valuation of financial and real assets, financial management and investment decision-making in public and private markets. The course covers the most important issues with which the financial managers and investors meet in their daily practice. Based on theoretical materiál and practical examples the differences between the mainstream financial theory and modern behavioral approach will be explained.
 
Course methods: The full-time course consists of theoretical lectures and seminars. The part-time courses are based on tutorial sessions and individual tuitions with an individial lecturer. During the term, several case studies and exercises are elaborated.
 
Course content:
1.Introduction to Finance, the relationship of economic theory and financial theory. Historical excursus (allowance 2/2)
 
a.Money - definition, functions of money, history of money, piece of money, the money supply and circulation.
b.Historical excursus and examples.

2.Mainstream finance (allowance 3/3)
 
a.Basic concepts, assumptions, models and applications.
b.Theory of expected utility.
c.The financial system, money flows in the economy. The theory of interest rates, the effects of interest in the economy, the value of money in terms of time.

3.Behavioral finance (allowance 2/2)
 
a.Basic concepts, assumptions, models and applications.
b.Prospect Theory.
c.Relationship between behavioral economics and behavioral finance.

4.Valuation of financial assets in public markets (allowance 3/3)
 
a.Mainstream a behavioral models.
b.Empiry and the Equity Premium Puzzle

5.Corporate Finance: A theory of the firm for business valuation. Basic concepts of corporate finance viewed by behavioral approach (allowance 3/3)
 
a.CAPM
b.Discount rate and expected rate of return.
c.Capital structure.

6.Time reserve (allowance 1/1)
 
a.One lecture will be dedicated to a visit to an important financial institution or the Prague stock exchange.

 
Learning outcomes and competences:
After completing the course, student will be able to:
 
-will apply basic investment decison methods
-will know main assumptions, models and principles of mainstream (neoclassic) finance
-will understand basic terms from finance and financial markets
-will understand the role of different financial markets subjects

Teaching methods and workload (hours of workload):
Type of teaching methodDaily attendanceCombined form
Direct teaching
     Attendance of lectures24 h12 h
     Attendance of courses/seminars/tutorials12 h0 h
     Consultations with teacher (part-time form of study)0 h2 h
Self-study
     Course reading and ongoing preparation14 h42 h
     Composing of individual (seminar) work16 h14 h
     Composing of presentation16 h14 h
     Preparation for final test16 h14 h
     Preparation for final oral exam14 h14 h
Total112 h112 h
 
Assessment methods:
Requirement typeDaily attendanceCombined form
Mid-term test(s)64 %30 %
Final test22 %40 %
Final oral exam14 %30 %
Total100 %100 %
 
Course completion:
Participants will elaborate a selected topic in the form of text output. The aim of the exercises will be a discussion of topics treated by the participants. Each part (i.e. textual and oral presentation) is evaluated by a maximum of 32 points. For successful completition the participants must obtain at least 60% of the points from each individual task components within the semester. Altogether, it is possible to obtain a maximum of 64 points (2 parts x 32 points). Final exam: Written test with open questions, possibly combined with a computational assessment. Oral examination in case of ambiguity. From the tests it is possible to obtain a maximum of 36 points (3 questions x 12 points). To test score counted in the overall evaluation, the student must obtain at least 60% of points (e.g. to answer one question correctly and completely one part).
Rating of the semestral assignment and assessment test are added together and enter into the overall rating, based on which the final grade is awarded according to the following scale: 90-100 excellent, 75-89 very good, 60-74 good, 59 and less failed. Test must include also the students who get full marks from the two semestral assignments.
 
Support for combined/distance forms of study:
Materials uploaded on the Academic information system platform.
 
Reading list:
Basic:
Language of instruction: Czech
KODERA, J. -- MANDEL, M. -- REVENDA, Z. Peněžní ekonomie a bankovnictví. Praha: Management Press, 2014. 424 p. ISBN 978-80-7261-279-6.
ČERNOHORSKÝ, J. -- TEPLÝ, P. Základy financí. 1. vyd. Praha: GRADA, 2011. ISBN 978-80-247-3669-3.

Recommended:
DURČÁKOVÁ, J. -- MANDEL, M. Mezinárodní finance. 3. vyd. Praha: Management Press, 2007. 487 p. ISBN 978-80-7261-170-6.
KOHOUT, P. Investiční strategie pro třetí tisíciletí. 4. rozšířené vydání. Praha: Grada Publishibg, 2005. 292 p. ISBN 80-247-1438-8.
NÝVLTOVÁ, R. -- REŽŇÁKOVÁ, M. Mezinárodní kapitálové trhy. 1. vyd. Praha: GRADA, 2007. 224 p. ISBN 978-80-247-1922-1.
REJNUŠ, O. Teorie a praxe obchodování s cennými papíry. 2. vyd. Praha: Computer Press, 2003. 257 p. ISBN 80-7226-571-7.
KOLLER, T. -- WESSELS, D. -- GOEDHART, M. Valuation.: Measuring and Managing the Value of Companies. 4. vyd. USA: McKinsey&Company, 2005. 739 p. ISBN 0-471-70218-8.
http://www.cnb.cz
Sbírka zákonů České republiky.
Language of instruction: Czech
KRABEC, T. Oceňování podniku a standardy hodnoty. 1. vyd. Praha: GRADA, 2009. ISBN 978-247-2865-0.
MAŘÍK, M. Metody oceňování podniku.: Proces ocenění základní metody a postupy. 3. vyd. Praha: Ekopress, 2011. ISBN 978-80-86929-67-5.

Study plans:
B-EM-FAM Business Administration and Financial Management, part-time form, initial academic year WS 2015/2016
B-EM-FAM Business Administration and Financial Management, full-time form, initial academic year WS 2015/2016
 
Run in the period of: SS 2017/2018, WS 2017/2018, WS 2016/2017, WS 2015/2016, SS 2014/2015, WS 2014/2015   (and older)
Course tutor: doc. Ing. Tomáš Krabec, Ph.D., MBA (supervisor)
Teaching language: Czech, English
Room: Mladá Boleslav


Last modification made by Mgr. Luděk Švejdar on 03/16/2018.

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