Course syllabus FIPS - Financial Products and Services (FA - WS 2013/2014)


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Course code: FIPS
Course title in language of instruction: -- item not defined --
Course title in Czech: Financial Products and Services
Course title in English: Financial Products and Services
Mode of completion and number of credits: Exam (5 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 2/2 (hours of lectures per week / hours of seminars per week)
Language of instruction: Czech
Level of course: bachelor
Semester: WS 2013/2014
Name of lecturer: doc. Ing. Vlasta Kašparovská, Ph.D. (lecturer, tutor)
Ing. Roman Ptáček, Ph.D. (examiner, instructor, tutor)
Ing. Petr Toman, Ph.D. (examiner, instructor, lecturer, supervisor, tutor)
doc. Ing. Eva Vávrová, Ph.D. (lecturer, tutor)
Prerequisites: not to study at faculty PEF
 
Aims of the course:
The course is designed for students of non-economic faculties of universities. Its aim is to equip students with the necessary knowledge and skills in the areas of banking, insurance and investment products.

By completing the course students acquire basic theoretical knowledge of banking and insurance products as well as practical skills in banking services and procedures in the field of loans, securing a loan or payment, as well as practical skills in risk insurance to citizens as well as companies doing business in agriculture. Attention is also paid to the possible use of investment instruments for the assessment of available funds.

The aim of this course is to equip students in making responsible solutions for such life situations, such as securing funding for their own housing, securing their retirement, and protection against risk.

The student is then able to put such knowledge and skills to good use and carry the responsibility for making qualified decisions on the use of adequate financial services for the company or in his or her personal life.

The resulting level of financial literacy of graduates will increase their chances for its application in reality.
 
Course contents:
1.Institutions in the financial system, the role of the banking sector (allowance 2/0)
2.Bank deposit products (allowance 2/2)
 
a.Fixed, demand and saving deposits, deposit insurance
b.Building savings

3.Bank lending businesses (allowance 4/4)
 
a.Credit rating of a client
b.Consumer lending
c.Mortgage lending businesses

4.Selected instruments of payment (allowance 2/2)
 
a.Bank transfers
b.Credit and debit cards
c.Exchange bills

5.Function of insurance and the insurance industry in the financial system (allowance 2/0)
6.Non-life insurance products (allowance 3/4)
 
a.property insurance
b.liability insurance
c.motor insurance

7.Life insurance products (allowance 3/2)
8.Insurance of agricultural risks (allowance 2/0)
9.Investments in securites (allowance 4/0)
 
a.Shares
b.Bonds

10.Collective investing, meaning, classification of funds, investment strategies (allowance 2/0)
11.Stock exchange and trades (allowance 2/0)
12.Basics of financial mathematics (allowance 0/14)
 
a.Simple and compound interest
b.Present and future value of anuity
c.Repayment of loans, APR

 
Learning outcomes and competences:
Generic competences:
 
-ability to analyse and synthesize
-ability to apply knowledge
-ability to communicate with professionals in different field of study
-ability to organize and plan ahead
-ability to work in interdisciplinary team
-capacity to adapt to new situations
-spirit of enterprise

Specific competences:
 
-Student has competence in making solutions for life situations such as housing funding, securing their retirement, and protection against risk
-Student has knowledge for making qualified decisions on the use of financial services for the company or in his or her personal life
-Student has knowledge of banking, insurance and investments products and services
-Student is able to calculate the return on savings products and choose the good product
-Student is able to create their own housing finance plan
-Student is able to determine the cost of credit products
-Student is able to choose the right insurance product

Type of course unit: required
Year of study: Not applicable - the subject could be chosen at anytime during the course of the programme.
Work placement: There is no compulsory work placement in the course unit.
Recommended study modules: -
 
Learning activities and study load (hours of study load):
Type of teaching methodDaily attendance
Direct teaching
     lecture28 h
     practice28 h
     consultation14 h
Self-study
     preparation for exam40 h
     preparation for regular testing20 h
     elaboration and execution of projects10 h
Total140 h
 
Assessment methods:
For Credit you have to receive minimal 65 points from :
• submission of a 3 seminar works (savings products, mortgage loan, motor insurance) during the semester (max. 3x5 =15 points)
• one 60 minutes written test on the fundamentals of financial mathematics (max. 100 points)
You have to receive minimum 65 points from maxim 125 to receive credit. Credit is compulsory for final exam participation.

The course is finished with written exam:
Just a theory from lectures, seminars (without numerical examples), a combination of test and open questions. maximum of 100 points, a minimum of 50 points

Overall evaluation and final grade: Sum of points from Credit and written exam (min. 125, max. 215 points)
 
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQKAŠPAROVSKÁ, V.Banky a komerční obchodyKravaře u OpavyMARREAL SERVIS2010978-80-254-6779-4
RQVÁVROVÁ, E.Pojišťovnictví: vybrané kapitoly pro základní kursBrnoMendelova zemědělská a lesnická univerzita v Brně200080-7157-487-2
RQŠOBA, O. -- ŠIRŮČEK, M. -- PTÁČEK, R.Finanční matematika v praxiPrahaGrada2013978-80-247-4636-4

RQrequired
RErecommended


Last modification made by Ing. Michal Karhánek on 02/11/2014.

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