Finance and Law

The degree programme develops an understanding of the principles of financial decision-making, legal regulation of financial markets, taxation and public support systems, and the relationship between the public and private sectors. Particular emphasis is placed on the ability to critically combine economic and legal approaches in the analysis and resolution of complex problems.

Students can further develop their professional focus through thematic blocks focused on private finance (block A), public finance (block B), and practice and international experience (block C).

Upon successful completion of the programme, the graduate is able to:

• orient in economics and the management of financial institutions, understand their position in the financial system and the regulatory framework of their activities, including private and public regulation of the banking and insurance sectors
• master advanced methods of financial decision-making and valuation, and assess the impact of decisions on the value of business corporations and the public sector, including sustainable financial strategies
• analyze the behavior of financial market participants, including deviations from rational models, and take them into account in decision-making processes
• be oriented in capital market legislation, including the regulation of entities, instruments, and supervisory processes, as well as in consumer protection, liability rules, and dispute resolution
• understand the economic and legal aspects of taxation, understand the structure of tax systems, including their impact on fiscal policy, and the basic principles of tax administration, management, and procedures conducted before the tax administrator
• evaluate the effectiveness of public and private projects using quantitative methods and taking into account the impact on public budgets, including the subsidy system, subsidy management, budgetary discipline, and accountability for breaches thereof
• combine legal and economic approaches when solving professional problems and critically reflect on their interrelationships
• formulate a professional problem, choose an appropriate solution method, and present the results in accordance with academic and professional standards, with an emphasis on an interdisciplinary approach

Graduates of this study programme will be professionals in economics, management and running business on financial and capital markets with strong ability to understand the complicated legal system regulating this area. The interdisciplinarity represented by the legal component is the fundamental innovation element of the study programme, whose equivalent does not exist in the Czech Republic yet. The innovation element is demanded mainly by the application sphere and supervisory authorities of the financial market. Graduates will have the prerequisites for working in economic, financial and legal departments of financial institutions and in the state administration of financial and capital markets, especially in the middle and higher management, supervisory bodies, at both the Czech and the EU level.

The internship is an optional part of the elective Track C in the Master's programme Finance and Law. Students may enrol in this course as one of the options to connect theoretical knowledge with practical experience. The course consists of a short-term internship with a selected institution. Students may either choose from a list of pre-arranged internship placements or propose their own, subject to approval by the course guarantor.

The standard length of the Master's thesis should be between 60 and 80 pages. Instructions for its processing are contained in the ESF Directive N. 9/2017 and other information can be found in the ESF Student Manual which is available on www.econ.muni.cz/zaverecna-prace.

In the Master Thesis course students are supposed to choose a topic of their Master’s thesis and together with the thesis supervisor to prepare its official assignment including thesis goal, procedure, applied methods and basic professional literature. The Master’s thesis should prove student’s abilities to work with relevant professional and law literature (including appropriate judicature) and to use these sources for solving of the chosen research problem. It is anticipated to formulate own suggestions and recommendations for the solution the assigned problem. Students can use already published texts and data available for the secondary analysis.

After completing the Master’s degree study programme Finance and Law, it is possible to continue further studies in the doctoral study programme Finance at the Faculty of Economics and Administration or in the doctoral study programme Finance Law and Financial Science at the Faculty of Law.