Course syllabus DTF - Theory of Finance (FBE - 2018/2019 - post-graduate studies)

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Course code:
Course title in Czech: Theory of Finance
Course title in English: Theory of Finance
Semester: 2018/2019
Mode of completion and number of credits:
Exam (0 credits), Commissional exam (0 credits)
Mode of delivery and timetabled classes:
full-time, 0/0 (hours of lectures per week / hours of seminars per week)
part-time, 0/0 (lectures per period / seminars per period)
Level of course: doctor
Course type: optional
Type of delivery:
Mode of delivery for our mobility students abroad:
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Language of instruction:
Course supervisor:
doc. Ing. Svatopluk Kapounek, Ph.D.
Course supervising department: Department of Finance (FBE)
doc. Ing. Petr David, Ph.D. (examiner, lecturer)
doc. Ing. Svatopluk Kapounek, Ph.D. (examiner, lecturer, supervisor, tutor)
doc. Ing. Vlasta Kašparovská, Ph.D. (examiner)
prof. Ing. Lubor Lacina, Ph.D. (examiner)
prof. Ing. Danuše Nerudová, Ph.D. (examiner)
prof. Ing. Jan Široký, CSc. (examiner, lecturer)
Timetable in this semester:
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Aim of the course and learning outcomes:
The objective of the course is deepning the knowledge about all aspects of theory of finance.
Course content:
Financial Market and Financial Investments Theory (allowance 0/0)
Financial market and its important role in the market economy
Types of financial transactions
Financial institutions and instruments
Importance of the interest rates and its role on the financial market. Theory of interest rates
e.Theory of the financial investments, basic factors of investment strategy
Securities definition and systematization. Characteristics of various types of securities
Operations with financial instruments - from issuer and investor point of view
Importance of security exchanges in the market economy, its types and and internal structure
Fundamental, technical and psychological analysis
Spot market trading, basic types of investment strategy
k.Importance and types of collective investments in the Czech Republic and worldwide
Portfolio theory, CAPM, APT
m.Financial derivatives and structured products operations
The future trends and development of the global financial market, globalization

Mezinárodní finance/ International Finance (allowance 0/0)
Theory of the foreign currency exchange rate determination
Metody odhadu budoucího vývoje devizového kurzu. Foreign exchange forecasting methods
Foreign exchange exposure and risk, entrepreneurial risk, country risk
Market risk quantification instruments
e.Administration and hedging of the company's foreign exchange risk. Forex risk management model
Portfolio and direct investments
International investments decision making methods

Learning activities and teaching methods:
Type of teaching method
Daily attendance
Combined form
16 h
16 h
16 h
16 h
Assessment methods:
oral exam, reccomended literature and consultations
Assessment criteria ratio:
Requirement type
Daily attendance
Combined form
0 %
0 %
Recomended reading and other learning resources:
DUFFIE, D. Dynamic asset pricing theory. 3rd ed. 465 p. ISBN 0-691-09022-X.
FAMA, E. The Behavior of Stock-Market Prices. In: The Journal of Business: Vol. 38, No. 1. (Jan., 1965), pp. 34-105.  [online]. 1965. URL:
BAKER, H K. -- NOFSINGER, J R. Behavioral finance: investors, corporations, and markets. 757 p. The Robert W. Kolb series in finance. ISBN 978-0-470-49911-5.
SCHILLER, R. From Efficient Markets Theory to Behavioral Finance in The Journal of Economic Perspectives, Vol.17. NO.1 (Winter, 2003), 83 - 104.  [online]. 2003. URL:
BRUCE, B R. Handbook of behavioral finance. Cheltenham [u.a.: Edwar Elgar, 2010. 435 p. ISBN 978-0-85793-091-0.
GUERARD, J. Handbook of portfolio construction contemporary applications of Markowitz techniques. New York: New York: Springer, 2010. 794 p. ISBN 978-0-387-7-7439-8.
KUBÁTOVÁ, K. Daňová teorie a politika. 7th ed. Wolters Kluwer, 2018. 269 p. ISBN 978-80-7598-165-3.
ŠIROKÝ, J. Daně v Evropské unii. Praha: Leges, 2018. 384 p. ISBN 978-80-7502-274-5.
AUERBACH, A. -- FELDSTEIN, M. Handbook of Public Economics. Vol I. Amsterdam: North-Holland, 2007. 476 p. ISBN 978-0-444-87612-6.
Theory and practice of excise taxation: smoking, drinking, gambling, polluting, and driving. Oxford: Oxford University Press, 2005. 255 p. ISBN 0-19-927859-8.
European tax handbook 2016. 1104 p. Global Tax Series. ISBN 978-90-8722-365-6.

Course listed in study plans for this semester:
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Course listed in previous semesters:
Teaching place:

Last modification made by Ing. Jiří Gruber on 01/07/2019.

Type of output: