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

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Course title: Capital Markets
Semester: WS 2014/2015
Course supervisor: doc. Ing. Svatopluk Kapounek, Ph.D.
Supervising department: Department of Finance (FBE)
Time allowance: full-time, 2/1 (hours of lectures per week / hours of seminars per week)
Prerequisites for registration: Final Bachelor Exam
Type of study: usual, consulting
Form of teaching: lecture, seminar
Mode of completion and credits: Exam (5 credits)
Course objective:
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 content:
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
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

Teaching methods and workload (hours of workload):
Type of teaching methodDaily attendance
Direct teaching
     lecture28 h
     practice14 h
     consultation0 h
     preparation for exam42 h
     preparation for regular assessment32 h
     preparation for regular testing24 h
     elaboration and execution of projects0 h
Total140 h
Key words:
Course completion:
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.
Course methods: Lectures, seminars, study hours.
Total hours 42, 28 hours lectures and 14 hours seminars.
Reading list:
VESELÁ, J. Investování na kapitálových trzích. 1st ed. Praha: ASPI, 2007. 703 p. ISBN 978-80-7357-297-6.
MELUZÍN, T. -- ZINECKER, M. IPO: prvotní veřejná nabídka akcií jako zdroj financování rozvoje podniku. 1st ed. Brno: Computer Press, 2009. 188 p. ISBN 978-80-251-2620-2.

SOLNIK, B. Global investments. 6th ed. Boston [u.a.: Pearson [u.a., 664 p. The Prentice Hall series in finance. ISBN 0-321-55212-1.
SOLNIK, B H. -- MCLEAVEY, D W. International investments. 5th ed. Boston: Pearson Education, 2003. 760 p. The Addison-Wesley series in finance. ISBN 0-201-78568-4.
REJNUŠ, O. Finanční trhy. 3rd ed. Ostrava: Key Publishing, 2011. 689 p. Ekonomie. ISBN 978-80-7418-128-3.
eLearningové osnovy předmětu Kapitálové trhy; dostupné v UIS MENDELU v Brně

Study plans:
Track SNIS Investement Strategy part-time form, initial academic year WS 2013/2014
Track SNIS Investement Strategy full-time form, initial academic year WS 2013/2014
C-EPA-FIM Finance and Investment Management, full-time form, initial academic year SS 2013/2014
C-EPA-FIM Finance and Investment Management, full-time form, initial academic year WS 2014/2015
Run in the period of: WS 2018/2019, SS 2017/2018, WS 2017/2018, WS 2016/2017, SS 2015/2016, WS 2015/2016   (and older)
Course tutor: Ing. Jaroslav Bukovina, Ph.D. (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)
Teaching language: Czech
Town: Brno

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

Type of output: