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Lecturer(s)
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Černohorský Jan, doc. Ing. Ph.D.
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Course content
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Characteristics of finance. Origin of currency, development of money issue, monetary standards. Monetary policy transmission mechanism, central bank functions and independence. Approaches to inflation according to various economic schools, causes and consequences of deflation. Interest rate and its importance in the economy. The financial market, its importance and function. International finance - the balance of payments, foreign exchange rates. Banking, types of banks, the principle of bank management, basic banking business. Insurance and risk, classification of insurance, the principle of commercial insurance. Corporate finance and main areas of financial decision-making. Public finances and system of public budgets, public debt.
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Methods of individual activities
- Preparation for an exam
- 86 hours per semester
- Participation in classes
- 14 hours per semester
- Writing a seminar paper
- 50 hours per semester
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Learning outcomes
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The aim of the course is to introduce the basic problem areas and understand the context within the individual areas of finance and finance as a whole and thus create the basis for deeper study.
A student who has successfully completed the course can: explain what is meant by finance, individual functions of finance, principles of finance and methods of financing; explain the concept and origin of currency and its relation to the concept of money, development of money issue, monetary standards; characterize the monetary policy transmission mechanism, the central bank's objectives, functions, and independence; characterize approaches to inflation according to various economic schools, causes, and consequences of deflation; explain the concept of interest rate and interest rate, explain their importance to theory and in the real economy, characterize the structure of interest rates in the economy and their context; explain the concept, meaning, functions, and types of financial markets, characterize financial intermediaries; characterize the basic aspects of the balance of payments and the exchange rate system, incl. advantages and disadvantages of each type; characterize the term bank and banking system, types of banks, the basic principle of bank management and basic banking business; characterize the terms risk and insurance and their relationship, the nature of insurance, the classification of insurance, the principle of commercial insurance companies, basic aspects of reinsurance; characterize the main areas of financial decision-making, principles of corporate finance, property and financial structure, sources of short-term and long-term financing; characterize the system of public budgets, incl. functions and structures of state and local budgets, public debt and its causes, coverage, and consequences. A student who has successfully completed the course will: orientate in individual areas of finance and in finance as a whole; interpret the real effects of the monetary policy clearly propose variants of the minimum impact of inflation on their funds; select the optimal financial intermediary for the appreciation/acquisition of funds; select the optimal banking product for a specific project; select the optimum insurance product for a particular project; propose the optimal financial structure of the company; A student who has successfully completed the course is able to: include consideration of their financial dimension in problem-solving; communicate comprehensively and convincingly to professionals and laypeople about the nature of financial problems and their own opinion on their solution.
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Prerequisites
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Prerequisite for successful mastery of the subject is knowledge of basic questions that are solved by macroeconomics.
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Assessment methods and criteria
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Oral examination, Written examination, Home assignment evaluation, Student performance assessment
Credit will be awarded based on: - presentation of the seminar paper, - active participation in seminars, and - passing a written test. The exam will be written and oral.
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Recommended literature
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Černohorský, J. Finance: od teorie k realitě. Praha, 2020. ISBN 978-80-271-2215-8.
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DUCHÁČKOVÁ, E.:. Pojištění a pojišťovnictví. Praha: Ekopress, 2015. ISBN 9788087865255.
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Hrdý, M., Krechovská, M. Podnikové finance v teorii a praxi. Praha, 2017. ISBN 978-80-7552-449-2.
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Jílek, J. Finance v globální ekonomice I: Peníze a platební styk. Praha, 2013. ISBN 978-80-247-3893-2.
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Jílek, J. Finance v globální ekonomice II: Měnová a kurzová politika. Praha, 2013. ISBN 978-80-247-4516-9.
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Pavel Kohout. Finance po krizi. Praha: Grada, 2011. ISBN 978-80-247-4019-2.
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Peková, J. Veřejné finance: teorie a praxe v ČR. Praha, 2018. ISBN 978-80-7357-698-1.
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REVENDA, Z. a kol. Peněžní ekonomie a bankovnictví. 7. vyd. Praha: Ekopress, 2023. .
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