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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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The opinions on the essence of money. Monetary theory and money market. Effectiveness of the monetary policy transmission mechanism. Monetary policy and financial crisis. Monetary union and optimal currency area. Central bank financial statements and publications. Theory of interest rate determination. Specific institutions of financial markets. Specific types of banking, trends in banking. Financial analysis in banking. Non - bank financial intermediaries. Research of relations between real financial and economic variables - outcomes of analyzes.
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Learning activities and teaching methods
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unspecified, Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book)
- Participation in classes
- 14 hours per semester
- Term paper
- 50 hours per semester
- Preparation for an exam
- 86 hours per semester
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Learning outcomes
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The objective of the course - to explain the principles of money, monetary policy and selected problems of finance at a higher theoretical and practical level.
A student who has successfully completed the course can: explain different approaches to the essence of money and monetary theory; explain in detail the functioning of monetary policy transmission mechanisms, incl. their shortages in reality; explain the individual items of the central bank's balance sheet and the links between them; characterize individual institutions of financial markets and banking systems, incl. trends; characterize positives and negatives of non-bank financial intermediaries; characterize relations between real financial and economic variables. A student who has successfully completed the subject will be able to: interpret the approaches to monetary integration based on the theory of the optimal currency area; interpret the management of the central bank and orientate in its activities; propose an optimal allocation of free funds across the financial market; interpret and recommend fiscal and monetary policymakers to use their tools to influence underlying macroeconomic variables. 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 experts and laymen about the nature of professional problems in the field of money and selected areas of finance and their own opinion on their solution.
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Prerequisites
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Knowledge from Macroeconomics and Finance.
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Assessment methods and criteria
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Oral examination, Written examination, Student performance assessment, Self project defence, Presentation
Credit: credit test, presentation of a seminar paper Exam: 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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JÍLEK, M. Finance v globální ekonomice I - Peníze a platební styk. Praha: Grada, 2013..
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JÍLEK, M. Finance v globální ekonomice II - Měnová a kurzová politika. Praha: Grada, 2013..
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MISHKIN, F. Economics of Money, Banking, and Financial Markets. Harlow: Pearson Education, 2019..
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REVENDA, Z. a kol. Centrální bankovnictví. Praha: Management Press, 2015.
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REVENDA, Z. a kol.:. Peněžní ekonomie a bankovnictví. Praha: Management Press, 2015.
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