angličtina

5

The main objective of the course is present how finance works at business and personal level, i.e. to provide students with the necessary theoretical knowledge and practical skills regarding personal finance. It requires mastering the up-to-date approaches to defining the personal financial needs, budget and plan as well as fundamentals of savings and investments. Also necessary is to understand personal risk management, bankruptcy, law and tax context of personal finances.

1 Financial literacy in 21st century: Introduction, definition and conceptions of financial literacy
2 Income: Earned income and benefits, unearned income and payments, fixed income, purchasing power
3 Personal budgeting: definition, elements and importance of personal budget, personalized budget, monitoring and evaluation
4 Savings: General principles of compound interest and its impact, rates, inflation, financial decisions and planning, principals of investing (risk versus return, diversification, active and/or passive investing, personal investment objectives), banks and other financial institutions
5 Investments: Bank products, equities, mutual funds, exchange traded funds, stocks
6 Investments: Bonds, real estates, commodities
7 Alternative investments and cryptocurrencies
8 Debts: Identifying financial issues, importance of personal credit score, collateral and repayment, amortization, long-term debt, mortgage, consumer loans, microloans, credit cards, P2P loans
9 Currency market: Exchange rates, currency spot and currency forward market, Foreign exchange market
10 Personal risk management: portfolio theory, protecting income and property, insurance
11 Personal bankruptcy: Types of bankruptcy, discharge of debts, bankruptcy process, avoiding bankruptcy
12 Law contexts of financial literacy: Consumer protection, EU and Czech Republic
13 Tax contexts of financial literacy: Income taxes and other deduction

Ryan, J. Personal Financial Literacy. Cengage. 2012. ISBN 978-0-8400-5829-4
Lawless, R.E. The Student's Guide to Financial Literacy. Greenwood. 2010. ISBN 978-0-313-37718-1
Holmquist, J. Budgeting: How to Make a Budget and Manage Your Money and Personal Finances Like a Pro. CreateSpace Independent Publishing Platform. 2016. ISBN 978-1-530487264.
Twomey, B. Inside the Currency Market: Mechanics, Valuation and Strategies. Bloomberg Press. 2012. ISBN 978-0-470-95275-7

Aprea, C. et al. International Handbook of Financial Literacy. Springer. 2016. ISBN 978-981-10-0358-5
Kaminski, K. Financial Literacy: Introduction to the Mathematics of Interest, Annuities, and Insurance. UPA. 2010. ISBN 978-0-7618-5309-1
Smith, A.O. Financial Literacy for Millennials: A Practical Guide to Managing Your Financial Life for Teens, College Students, and Young Adults. Praeger. 2016. ISBN 978-1-440834028.
Tyson, E. Personal Finance For Dummies. For Dummies. 2012. ISBN 978-1-118117859.

13 hod., povinná

1 General principles of compound interest and its impact in savings
2 Investments: Equities, mutual funds, exchange traded funds, stocks and their profitability
3 Investments: Bonds and their valuation, duration, convexity, immunization
4 Debts: Amortization, annuity, payment plan
5 Currency market: cross currency exchange rates, forward exchange rates
6 Summary of the semester - a wrap up, review of the knowledge/skills enhancing, feedback from students. Test. Credit awarding.