BPF_TFSC(Transformation(of(the(Financial(System(
!
Course!
objectives!
The!main!objective!of!the!course!is!to!acquaint!students!with!the!concept!of!
financial!system,!the!necessity!and!importance!of!financial!transformation!
in!the!chosen!emerging!countries,!and!possibility!of!transformation!process!
of! the! financial! system! to! affect! economic! development.! Students! will! be!
able!to!examine!current!issues!and!developments!influencing!the!global!or!
domestic! financial! sector! of! the! economy! from! the! historical! perspective.!
Students! should! also! be! capable! of! discussing! advantages! and!
disadvantages!of!transformation!process!in!the!chosen!emerging!countries!
and!understanding!the!causes!and!consequences!of!the!2007B2010!global!
financial!crisis.!The!subjects!of!discussion!in!the!course!are!chosen!due!to!
their! demonstrative! power! to! show! successfulness! of! the! transformation!
process! of! the! economy! in! both! Western! and! Eastern! civilization! models!
(the!Czech!Republic!and!the!People’s!Republic!of!China,!respectively)!along!
with! struggling,! possibly! worst! case! scenario! of! the! transformation! (the!
Russian!Federation).!
Topics! During! the! autumn! semester! of! 2012! all! topics! would! be! covered! in! 11!
meetings.!
1. Introduction! to! the! Course.! Financial! System! and! its!
Transformation:!Basic!Definitions!and!Concepts!
2. Global!Financial!System:!Concept,!Evolution!and!Major!Institutions!
3. Financial!Crises!and!Its!Impact!on!the!Financial!System!
4. China’s! Economic! Transition:! Key! Factors! of! Economic!
Development,! Reformation! Process,! Results! of! the! Economic!
Transformation,!Challenges!for!the!Future!
5. Financial! System! of! China:! Banking! System,! Financial! Markets,!
Regulation!and!Supervision!
6. Economic! Transition! of! Russia:! Key! Factors! of! Economic!
Development,!Transformation!Procedures,!Results!of!the!Economic!
Transformation,!the!1998!Financial!Crisis,!Challenges!for!the!Future!
7. Financial! System! of! Russia:! Banking! System,! the! 1998! Banking!
Crisis,!Financial!Markets!
8. Economic!Transition!of!the!Czech!Republic!
9. Banking!System!of!the!Czech!Republic!
10. Prague!Stock!Exchange:!Profile,!History,!Rules,!Trading!Groups,!and!
Exchange!Indices!!
11. Capital!Market!of!the!Czech!Republic:!Structure,!Present!State,!
Expected!Developments,!and!Specific!Aspects!
12. Market!Regulation!and!Protection!in!the!Czech!Republic!(SEC)!
13. Financial!Management!in!Czech!Firms:!Principles!and!Practices!
Literature! Outline!of!the!lectures!are!available!in!the!Study!Materials.!
For!the!topics!1B7!additional!readings!will!be!announced!at!the!end!of!each!
lecture.!
Teaching!
methods!
The!course!is!taught!in!lectures!only,!which!include!class!discussions!and!
require! active! participation.! Essays! improve! the! ability! of! students! to!
summarize! a! certain! issue! in! the! field! of! transformation! of! the! financial!
system!and!discuss!it!critically.!Additional!readings!serve!to!broaden!and!
deepen!the!spectrum!of!knowledge!students!acquire!during!the!lectures.!
Assessment!
methods!
For!the!successful!completion!of!the!course!students!are!required!to!submit!
an! essay! on! the! specific! topic! (the! list! of! topics! is! available! in! the! Study!
Materials)!and!take!a!written!exam!(test!of!20!questions!or!problems!with!
multiple!choices!–!up!to!20!grade!points).!Students!will!not!be!allowed!to!
take! an! exam! without! submitting! an! essay! with! all! the! requirements!
fulfilled.!Excellent!essays!would!be!awarded!with!additional!grade!points!
(up!to!10).!
Additional! grade! points! (up! to! 10)! might! be! also! gained! for! the! lecture!
participation,!which!means!that!student!is!actively!watching,!listening!and!
answering! questions! as! the! lecture! progresses.! Student! tries! to! solve! the!
suggested! example! problems! as! the! lecture! proceeds! and! proves! that!
he/she! has! learned! the! material! by! answering! the! related! questions! and!
working!the!related!problems!incorporated!in!the!summative!assessment.!
!
Essay!requirements:!
1. An!essay!should!express!your!own!opinions!and!thoughts,!based!on!
facts! or! supported! by! experts’! opinions! expressed! in! books,!
scientific! articles,! newspaper! or! magazine! articles,! or! economic!
reviews.! Quotations! are! obligatory! and! should! be! integrated! into!
writing.!
2. An! essay! must! be! one( page( long! and! should! be! organized! into!
paragraphs!(introduction,!general!discussion,!conclusions).!
3. ESF!official!formatting!requirements!must!be!fulfilled!(Times!New!
Roman,! font! size! of! 12! points,! 1.5! spacing! between! the! lines,!
heading!with!student’s!name,!UČO!and!topic).!
4. An! essay! should! be! written! in! English! and! be! spellBchecked,!
grammarBchecked!and!personally!proofread.!
5. List! of! references! is! required! (use! generator.citace.com! for! its!
compilation).!
6. Essay!should!be!submitted!to!the!Homework!Vaults!by!November!
19,!2012.!!
7. NonBsatisfactory!essays!will!be!awarded!with!zero!grade!points.!
Grading! Final!grades!would!be!given!according!to!the!following!grading!scale:!
A!=!28B30+!
B!=!26B27!
C!=!23B25!
D!=!21B22!
E!=!18B20!
F!=!below!18!
Plus/minus!grading!at!student’s!request!will!not!be!used!in!this!course.!
Ethics!Policy! Students!in!this!course!are!expected!to!adhere!to!the!Masaryk!University’s!
high! standards! of! integrity! as! spelled! out! in! the! Disciplinary! Code! for!
Students.!Anyone!who!cheats!on!exams,!or!who!submits!essay!that!is!not!
their!own,!will!be!subject!to!the!penalties!set!forth!in!the!Code. Any!copying,!
recording! or! leaking! tests,! use! of! unauthorized! tools! and! aids! or! other!
disruptions!of!objectivity!of!exams!will!be!considered!nonBcompliance!with!
the! conditions! for! course! completion! as! well! as! a! severe! violation! of! the!
study! rules.! Consequently,! the! teacher! will! finish! the! exam! by! awarding!
grade!"F"!in!the!Information!System,!and!the!Dean!will!initiate!disciplinary!
proceedings!that!may!result!in!study!termination.!