Course: Financial System and Institutions

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Course title Financial System and Institutions
Course code KUF/FSFI
Organizational form of instruction Lecture
Level of course Bachelor
Year of study not specified
Semester Winter and summer
Number of ECTS credits 4
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
  • Jílek Milan, doc. Ing. Ph.D.
  • Zeman Petr, Ing. Ph.D.
  • Jandík Vladimír, Ing.
Course content
Lectures: 1. Financial system, its structure and function. 2. Typology of financial markets. Financial assets. 3. Basic determinants of the investment strategy - yield, risk and liquidity. 4. Financial intermediation and its importance in economy. 5. Money, its definition, creation, circulation. Monetary aggregates. 6. Theory of interest rates. Functions of interest rates in the financial system. The Fisher hypothesis. 7. Financial market and its structure. International financial market. Relation to the balance of payment of a state. Financial institutions. 8. Bank system. Central bank and monetary system. 9. Commercial banking. Insurance institutions. 10. Institutions of collective investment and other financial institutions. 11. Trades on the secondary markets. Pension system. 12. International financial system, its architecture and development. Financial market crisis. 13. The World Bank Group. The International Monetary Fund. 14. European monetary system. European Monetary integration. The Maastricht criteria. The European Central Bank. The European Investment Bank and the European Bank for Reconstruction and Development.

Learning activities and teaching methods
Monologic (reading, lecture, briefing)
  • Preparation for classes - 34 hours per semester
  • Class attendance - 21 hours per semester
  • Preparation for exam - 27 hours per semester
  • Semestral paper - 30 hours per semester
Learning outcomes
The course aims to provide students with the review of a role and functions of the financial system and financial institutions in the national economy as well as in the worldwide background. The course creates an appropriate base for understanding specialised courses of Financial Markets, Security Finance, Banking, Insurance, International and Public Finance.
Understanding the basic principles of the financial system, students will acquire a basic overview in the area of financial markets, banking, international finance, securities.

Assessment methods and criteria

Examination Requirements: written and oral exam.
Recommended literature
  • Baldwin, Richard E.; Wyplosz, Charles,; Šaroch, Stanislav,; Jiránková, Martina,; Hnát, Pavel,; Němcová, Ingeborg,; Žďárek, Václav,; Bič, Josef; Viktorová, Dana,; Laboutková, Šárka,; Šmejkal, Václav,; Dolejší, Anna. Ekonomie evropské integrace. 4. vydání. Praha Grada Publishing, 2013. ISBN 978-80-247-4568-8.
  • Jílek, Josef. Finance v globální ekonomice. I, Peníze a platební styk. První vydání. Praha : Grada Publishing, 2013. ISBN 978-80-247-3893-2.
  • Mishkin, Frederic S. The economics of money, banking, and financial markets. 10th global ed. Boston : Pearson, 2013. ISBN 978-0-273-76573-8.
  • Pavlát, Vladislav. Globální finanční trhy. První vydání. Praha : Vysoká škola finanční a správní, 2013. ISBN 978-80-7408-076-0.
  • Polouček, Stanislav. Bankovnictví. 2. vydání. V Praze : C.H. Beck, 2013. ISBN 978-80-7400-491-9.
  • Rejnuš, Oldřich. Peněžní ekonomie : (finanční trhy). 6. aktualizované vydání. Brno : Akademické nakladatelství CERM, s.r.o., 2012. ISBN 978-80-214-4415-7.
  • Revenda, Zbyněk; Mandel, Martin,; Kodera, Jan; Musílek, Petr,; Dvořák, Petr. Peněžní ekonomie a bankovnictví. 6. aktualizované vydání. Praha : Management Press, 2015. ISBN 978-80-7261-279-6.

Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Economics Study plan (Version): Financial and Insurance Mathematics (4) Category: Mathematics courses 1 Recommended year of study:1, Recommended semester: Summer
Faculty: Faculty of Economics Study plan (Version): Accounting and Financial Management (4) Category: Economy 1 Recommended year of study:1, Recommended semester: Summer