ESF:MPF_AFII Financial investments - Course Information

MPF_AFII Financial investments

Extent and Intensity

2/2/0. 6 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Dagmar Vágnerová Linnertová, Ph.D. (lecturer)
Ing. Dagmar Vágnerová Linnertová, Ph.D. (seminar tutor)

Guaranteed by

Ing. Dagmar Vágnerová Linnertová, Ph.D.
Department of Finance – Faculty of Economics and Administration
Contact Person: Mgr. Jana Nesvadbová
Supplier department: Department of Finance – Faculty of Economics and Administration

Timetable

Wed 14:35–16:15 S310

• Timetable of Seminar Groups:

MPF_AFII/01: Wed 16:20–17:55 S310, D. Vágnerová Linnertová

Prerequisites (in Czech)

(! BPF_FIIN The Financial Investment ) && (! MPF_FIIN Financial Investment )

Course Enrolment Limitations

The course is only offered to the students of the study fields the course is directly associated with.

fields of study / plans the course is directly associated with

• Finance (Eng.) (programme ESF, N-FU)
• Financial Management (Eng.) (programme ESF, N-HPS)

Course objectives

At the end of the course students should be able to:
- describe the advantages and drawbacks of financial products;
- define the current trends in investment;
- compare active and passive investment;
- characterize individual passive investment products;
- describe individual investment strategies;
- characterize investing in stocks, bonds, currencies, financial derivatives, real assets, collective investment and alternative investment;
- define the basics of the modern portfolio theory;
- summarize basic principles of diversification.

Syllabus

• Lectures:
• 1. Portfolio Theory and Practice – Risk, Return, and the Historical Records
• 2. Portfolio Theory and Practice – Capital Allocation to Risk Assets
• 3. Portfolio Theory and Practice – Optimal Risky Portfolio
• 4. Equilibrium in Capital Markets – The Capital Asset Pricing Model
• 5. Equilibrium in Capital Markets - Arbitrage Pricing Theory and Multifactor Models of Risk and Return
• 6. Equilibrium in Capital Markets – The Efficient Market hypothesis and Behavioral Finance
• 7. Options, Futures and Other Derivatives - Introduction
• 8. Options, Futures and Other Derivatives – Option Markets and Option Valuation
• 9. Options, Futures and Other Derivatives - Futures Markets and Futures, Swaps and Risk Management
• 10. Applied Portfolio Management – Portfolio Performance Evaluation
• 11. Applied Portfolio Management – International Diversification
• 12. Applied Portfolio Management - Hedge Funds and The Theory of Active Portfolio Management
• 13. Summary of Investments
• Seminars:
• 1. Portfolio Theory and Practice – Risk, Return, and the Historical Records
• 2. Portfolio Theory and Practice – Capital Allocation to Risk Assets
• 3. Portfolio Theory and Practice – Optimal Risky Portfolio
• 4. Test no 1
• 5. Equilibrium in Capital Markets – The Capital Asset Pricing Model
• 6. Equilibrium in Capital Markets - Arbitrage Pricing Theory and Multifactor Models of Risk and Return
• 7. Equilibrium in Capital Markets – The Efficient Market hypothesis and Behavioral Finance
• 8. Test no 2
• 9. Options, Futures and Other Derivatives - Introduction
• 10. Options, Futures and Other Derivatives – Option Markets and Option Valuation
• 11. Options, Futures and Other Derivatives - Futures Markets and Futures, Swaps and Risk Management
• 12. Test no 3
• 13. Final seminar

Literature

required literature
• BODIE, Zvi, Alex KANE and Alan J. MARCUS. Investments. 6th ed. Boston: McGraw-Hill, 2005, xxx, 1090. ISBN 0072861789. info

recommended literature
• MISHKIN, Frederic S. and Stanley G. EAKINS. Financial markets and institutions. 6th ed. Boston: Pearson Prentice Hall, 2009, xxxix, 675. ISBN 9780321374219. info
• MISHKIN, Frederic S. The economics of money, banking and financial markets. 7th ed. Boston: Addison-Wesley, 2004, xxxix, 679. ISBN 0-321-12235-6. info

Teaching methods

lectures, seminars - practice of lecture issues

Assessment methods

The course is completed by a written exam (maximum 30 points).
It is necessary to fulfil followings requirements:
Requirements for students:
Writting two in term tests according the schedule (information in study materials ppt no1, 20 points per each test). Points are added to the final evaluation. Total number of points from both tests: 40 points.
In the seminars are solved exercises that correspond with topics presented by lecturer (with one week delay). The exercises are solved in pairs and are delivered at the end of the lecture to the instructor. The instructor evaluates the exercise (2 points for 100 – 80 %, 1 point for 79 – 60 % or 0 point for 59 – 0 % of an exercise properly) and returns to students in the next lecture. The points from seminars are added to the final evaluation. Total numbers of points from excercies: 22 points.
Presentation of an paper (case study) in the regular terms, maximum points from presentation 12 points.
Final evaluation:
A 92 – 100 %, B 84 – 91 %, C 76 – 83 %, D 68 – 75 %, E 60 – 67 %, F less than 60 %
If a student commits a prohibited act, such as using various forbidden tools (e.g. cheatsheets), cribbing, taking out any part of the test or any other form of cheating, the teacher is allowed to interrupt the test and to grade the student with F according to the seriousness of the offence. The described procedure applies to all the activities that are included in the final evaluation of the course (semester paper).

Language of instruction

English

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
Information on course enrolment limitations: Nezapisují si studenti, kteří absolvovali předmět PFFINV nebo PFFINVA nebo BPF_FIIN nebo MPF_FIIA nebo MPF_FIIN.

Information about innovation of course.

This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

Listed among pre-requisites of other courses

• MPF_FIIN Financial Investment
  (!BPF_FIIN)&& (!MPF_AFII)&& !NOWANY(MPF_ACP1)  

• Enrolment Statistics (Autumn 2015, recent)
  
• Permalink: https://is.muni.cz/course/econ/autumn2015/MPF_AFII