Course syllabus KT - Capital Markets (FBE - WS 2014/2015)


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Course code: KT
Course title in language of instruction: Kapitálové trhy
Course title in Czech: Capital Markets
Course title in English: Capital Markets
Mode of completion and number of credits: Exam (5 credits)
(1 ECTS credit = 28 hours of workload)
Mode of delivery/Timetabled classes: full-time, 2/1 (hours of lectures per week / hours of seminars per week)
Language of instruction: Czech
Level of course: master continuing
Semester: WS 2014/2015
Name of lecturer: Ing. Jaroslav Bukovina (instructor, lecturer)
doc. Ing. Svatopluk Kapounek, Ph.D. (examiner, instructor, lecturer, supervisor, tutor)
Ing. Jan Oplatek, MBA (lecturer, tutor)
Ing. Martin Širůček, Ph.D. (instructor, lecturer)
Ing. Petr Toman, Ph.D. (examiner, instructor, lecturer)
Prerequisites: Final Bachelor Exam
 
Aims of the course:
In course Capital markets student obtains detailed knowledge in problematic of investment instruments and their analyses. Student will be able to aply theory of portfolio, risk management and hedging by derivatives in practice too. As well student obtains knowledge in problematic of fundraising in the capital markets for strategic development of corporations.
 
Course contents:
1.Introduction into Capital markets (allowance 4/2)
 
a.Subjects and instruments of the capital market
b.Organized and unorganized capital markets
c.Legislation of the capital market
d.Financial mathematics of longterm securities: repetition (investment decision, bonds, stocks)

2.Portfolio and Risk management (allowance 4/2)
 
a.Financial risks
b.Measurement of yields and risk
c.Principles of portfolio management
d.CAPM
e.APT
f.Value at risk

3.Stocks, Stock analyses (allowance 4/4)
 
a.Fundamental analysis
b.Technical analysis
c.Psychological analysis
d.Theory of effective markets
e.Stock markets

4.Bonds, Bond analyses (allowance 4/3)
 
a.Yield curves
b.Advanced bond pricing
c.Risk management of bonds
d.Bond portfolios
e.Bond markets

5.Securities of the Collective Investment (allowance 3/0)
 
a.Legislation of the collective investment
b.Types of collective investment funds
c.Pricing of collective investment securities
d.Performance and costs of collective investment funds
e.ETH, Hedge funds
f.Collective investment markets

6.Structured products (allowance 1/0)
 
a.Principles nad types of structured products
b.Creation and pricing of structured products
c.Trading of structured products

7.Derivatives: advanced level (allowance 4/3)
 
a.Fixed derivatives: analyses, pricing, trading
b.Option derivatives: analyses, pricing, trading
c.Derivative strategies
d.Using of derivatives for creation of financial instruments

8.Options for Fundraising in the Capital markets (allowance 4/0)
 
a.Longterm credits
b.Issuing of longterm securities, including IPO
c.Venture capital
d.Private equity
e.Business angels
f.Structured financing

 
Learning outcomes and competences:
Generic competences:
 
-ability to analyse and synthesize
-ability to apply knowledge
-ability to work in international context
-ability to work independently
-capacity to learn
-skilled at utilizing and processing information

Specific competences:
 
-Ability to apply portfolio theory and risk management in investment decisions
-Ability to investment analysis in the capital markets
-Knowledge of fundraising options in the capital markets
-Understanding for creation of investment products

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
     practice14 h
     consultation0 h
Self-study
     preparation for exam42 h
     preparation for regular assessment32 h
     preparation for regular testing24 h
     elaboration and execution of projects0 h
Total140 h
 
Assessment methods:
Basic condition for participation on exam is passing written credit test. The credit test is focused on numerical examples. Minimum for passing the test is 60 % of points.

Following exam is divided into two part: written and oral. Minimum for written part of the exam is 60 % of points. The exam is focused on theory of capital markets and its practical using.
 
Recommended reading:
TypeAuthorTitlePublished inPublisherYearISBN
RQVESELÁ, J.Investování na kapitálových trzíchPrahaASPI2007978-80-7357-297-6
RQMELUZÍN, T. -- ZINECKER, M.IPO : prvotní veřejná nabídka akcií jako zdroj financování rozvoje podnikuBrnoComputer Press2009978-80-251-2620-2
RESOLNIK, B. -- MCLEAVEY, D W.Global investmentsBoston [u.a.]Pearson [u.a.]20090-321-55212-1
RESOLNIK, B H. -- MCLEAVEY, D W.International investmentsBostonPearson Education20030-201-78568-4
REREJNUŠ, O.Finanční trhyOstravaKey Publishing2011978-80-7418-128-3
REeLearningové osnovy předmětu Kapitálové trhy; dostupné v UIS MENDELU v Brně

RQrequired
RErecommended


Last modification made by Ing. Jiří Gruber on 02/13/2015.

Type of output: