Course detail
Securities and Stock Exchanges
FP-cpbPAcad. year: 2014/2015
The course is focused on the issue of securities and trading on public organized markets. The interpretation is focused on the principles of the functions of exchange markets through a system of defining the internal structure to the mechanism of operation and economic impact in the event of failure. Then focuses on the basic types of financial investment instruments, in particular the stock traded securities, as well as the derivative instruments, mutual funds and structured products. At the same time, the course also pays attention to entities involved in transactions in securities involved. And last but not least is its content as well as fundamental, technical and psychological analysis, as well as practical exercises of trading of securities on both exchanges in the Czech Republic and abroad.
Completion of the course students acquire both a comprehensive view of the importance of financial investment instruments, and will learn to identify their specific properties. Together with the acquired practical knowledge on the principles of investment and knowledge of how to deal with them, the student can then carry out commercial transactions in the Czech Republic, as well as on foreign exchanges.
Language of instruction
Number of ECTS credits
Mode of study
Guarantor
Department
Learning outcomes of the course unit
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
receive in total 15 points of the test. The minimum number of points, which can be part of this test is to recognize the 10.
The second part of the test consists of twenty questions, having different numbers of correct answers that student rings. For the correct answer student gets positive point, for a wrong answer gets minus point. No answers are in the focus on. If the student reaches 90% of the maximum number of correct answers, he is evaluated and graded A, upon reaching 85% correct level B, while achieving 80% correct degree C, reaching 75% in stage D and at a 70% correct degree E.
Course curriculum
1) The importance of organized markets and their impact on the financial and economic system.
2) Exchange Systems and methods for their operation.
3) Specific functions of individual sub-segments of the stock market.
4) Basic factors of investment strategy
5) The types of shares, their properties and ways of doing business.
6) Fundamental Analysis.
7) Technical Analysis.
8) Psychological Analysis.
9) Basic types of bonds, their properties and ways of doing business.
10) Investing through collective investment funds.
11) Fixed term derivative instruments - trading futures
12) Contingent derivative instruments - stock options trading.
13) Synthetic derivative instruments
12) Specific features of structured products and trading.
13) Specifics exchange trading commodities and foreign currencies.
Syllabus of tutorials:
1) Introduction to the study "Securities and Stock Exchanges."
2) Exchange Systems stock exchanges, means of exchange trading.
3) Exchange trading of securities in the Czech Republic (practical exercises of trading)
4) The control test; investing through mutual and investment funds
5) Exchange trading of securities on foreign exchanges (practical exercises of trading on the stock exchanges in the U.S. and Germany).
6) The final test
Work placements
Aims
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
Rejnuš, Oldřich. Cenné papíry a burzy. 2., přeprac. vyd. Brno: Akademické nakladatelství CERM, 2013. 406 s. Učební texty vysokých škol. ISBN 978-80-214-4673-1. (CS)
Rejnuš, Oldřich. Finanční trhy. 4., aktualiz. a rozš. vyd. Praha: Grada, 2014. 760 s. Profesional. ISBN 978-80-247-3671-6. (CS)
Recommended reading
Jílek, Josef. Deriváty, hedžové fondy, offshorové společnosti. 1. vyd. Praha: Grada, 2006. 260 s. Finanční trhy a instituce. Finance. ISBN 80-247-1826-X. (CS)
Jílek, Josef. Finanční a komoditní deriváty. 1. vyd. Praha: Grada, 2002. 624 s. Finanční trhy a instituce. Finance. ISBN 80-247-0342-4. (CS)
Kislingerová, Eva a Hnilica, Jiří. Finanční analýza: krok za krokem. 2. vyd. Praha: C.H. Beck, 2008. xiii, 135 s. C.H. Beck pro praxi. ISBN 978-80-7179-713-5. (CS)
Valach, Josef a kol. Investiční rozhodování a dlouhodobé financování. 3., přeprac. a rozš. vyd. Praha: Ekopress, 2010. 513 s. ISBN 978-80-86929-71-2. (CS)
Veselá, Jitka. Investování na kapitálových trzích. 2., aktualiz. vyd. Praha: Wolters Kluwer Česká republika, 2011. 789 s. ISBN 978-80-7357-647-9. (CS)
Wystup, Uwe. FX options and structured products. Chichester: John Wiley & Sons, 2006. xv, 323 s. Wiley finance series. ISBN 0-470-01145-9. (EN)
Classification of course in study plans
Type of course unit
Lecture
Teacher / Lecturer
Syllabus
Exchange systems and their functioning.
The specific functions of the various sub-segments of stock.
The basic factors of investment strategy
The basic classes of shares, their characteristics and ways of trading.
Fundamental analysis.
Technical analysis.
Psychological Analysis.
The basic types of bonds, their characteristics and ways of trading.
Investment through mutual funds.
The derivative transactions (trading futures contracts and options exchanges).
Specific features of structured products and their trading.
The specifics of exchange traded commodities and foreign currencies.
Exchange systems of stock exchanges, ways of stock trading.
Exchange trading of securities in the Czech Republic (practical exercises of trading)
Exchange trading of securities on foreign exchanges (practical exercises of trading on stock exchanges in the U.S. and Germany).
Exercise
Teacher / Lecturer
Syllabus
Fundamental analysis
Technical analysis
Psychological analysis
Investment strategy and portfolio optimization
Practical trading of securities
Graded credit