Course details
Obchodování cenných papírů a komodit
cpbP FP cpbP Acad. year 2018/2019 Summer semester 4 credits
The course focuses on the issues of investment in securities and commodities and their trading on publicly organized markets. The interpretation goes from the essence of the function of the stock markets to the systemic definition of their internal structure to the mechanism of their operation and the possible economic impacts in case of failure. Subsequently, it focuses on individual types of financial investment instruments, especially on exchangeable securities and commodities, foreign currencies, futures derivatives, securities of investment and mutual funds and, last but not least, publicly tradable structured products. And part of the interpretation is fundamental, technical and psychological analysis, as well as practical training of securities trading both in the Czech Republic and abroad. By completing the course, the student acquires a comprehensive view of the current ways of using financial investment instruments for external financing of the company (or recognizes the meaning of financial transactions carried out by the so-called transnational financial conglomerates), and learns how to manage their own assets. And, given the knowledge gained on the investment and knowledge of both securities and commodities, it will be able to independently conduct business transactions both in the Czech Republic and on foreign exchanges.
Guarantor
Language of instruction
Completion
Time span
- 26 hrs lectures
- 13 hrs exercises
Department
Subject specific learning outcomes and competences
Students will understand the function of financial markets and the importance of securities, carry out the analyzes needed to decide on investments in the financial markets, diversify risk, design investment strategies, and will be equipped with the necessary knowledge and knowledge of trading methods of securities, foreign currencies and commodities.
Learning objectives
The goal of the course is to teach how to apply the acquired knowledge when making decisions on investments and assets allocation.
Prerequisite knowledge and skills
The course requires prior knowledge of economics, mathematics, statistics and the basics of law.
Study literature
- Wystup, Uwe. FX options and structured products. Chichester: John Wiley & Sons, 2006. xv, 323 s. Wiley finance series. ISBN 0-470-01145-9.
Fundamental literature
- Mishkin, Frederic S., Matthews, Kent a Giuliodori, Massimo. The economics of money, banking and financial markets. Harlow: Pearson Education, 2013. xxix, 625 s. ISBN 978-0-273-73180-1.
Syllabus of lectures
Vymezení organizovaných trhů, jejich charakteristika a ekonomický význam.
Burzovní systémy, specifické funkce jejich jednotlivých dílčích segmentů.
Základní faktory investiční strategie.
Druhy akcií, jejich vlastnosti a způsoby obchodování.
Fundamentální akciová analýza.
Technická analýza.
Psychologická analýza.
Burzovní obchodování akcií.
Druhy dluhopisů, jejich vlastnosti, způsoby oceňování a obchodování.
Specifické vlastnosti komodit, jejich analýza a způsoby obchodování; specifika obchodování drahých kovů a cizích měn.
Termínové derivátové instrumenty; specifika burzovního obchodování futures, opcí a opcí na futures.
Specifika klasických fondů kolektivního investování, „Exchange traded funds“ a fondů kvalifikovaných investorů (resp. hedgeových fondů).
Druhy strukturovaných produktů a specifika jejich obchodování.
Syllabus of exercises
Introducing to the course, financial investments, securities
Fundamental analysis
Technical analysis
Psychological analysis
Investment strategy and portfolio optimization
Practical trading of securities
Graded credit
Progress assessment
The course is completed graded credit, based on the successful writing of a written test which is consisting of two parts, both of which must be successfully met. The first part of the test consists of calculating the three examples, each of which is calculated correctly for example a student can get up to 5 points. Student can
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.
Teaching methods and criteria
The course is taught through lectures explaining the basic principles and theory of the discipline. Exercises are focused on practical topics.
Controlled instruction
Attendance at seminars will be checked by the lecturer. Absence from seminars could be compensated for via a special assignment or a special credit test.
Course inclusion in study plans