Finance and Law

The study programme Finance and Law, which consequently follows the bachelor study programme Finance and Law, is an inter-faculty study programme taught by the Faculty of Economics and Administration MU in the cooperation with the Faculty of Law MU. The study programme aims to continue to deepen financial and legal knowledge focused on the effective management of financial and other institutions (banks, insurance companies, securities brokers, credit unions, pension funds, etc.). The aim of the study is to master the principles of financial management, especially financial market entities with special attention paid to the legal regulation of these areas. Within voluntary courses, students may deepen their knowledge of other areas related to risk management, financial market supervision, accounting systems in various EU member states or tax issues and corresponding legal regulation.

After successfully completing his/her studies the graduate is able to:

• understand economic activities and mechanisms of bank management, to manage the bank balance sheet, to form the bank marketing plan, to assess the quality of banking services, to manage banking risks, to understand private and public legal regulation
• evaluate demand and offer of insurance, to understand the financial situation of an insurance company, to perform analyses of economic activities and solvency, to understand legal regulation, including activities of intermediaries and loss adjusters;
• understand behavioral finance and the principles of irrational behavior of investors, to identify behavioral investor biases, to apply behavioral finance in practice or to use it within financial decision making and individual investing;
• to understand investment decision making, long-term financing, risks of financial decision making and dividend policy;
• apply instruments to properly set up banking and insurance products, to define the options of these products offered on the financial market and to understand their legal regulation, including consumer protection, liability and dispute resolution;
• understand legal regulation of the taxation mechanism, tax administration and procedures conducted by a tax administrator, guarantees of legality and legal liability for a violation of tax liabilities;
• understand the system of subsidies from public budgets, subsidy procedures, budgetary discipline and legal liability for its violation;
• understand the interconnectedness of law and economic disciplines and the interaction of economic and legal mechanisms, to critically approach the application of the economic analysis of the law and similar tendencies in legislative processes.

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.

Practical training is not an obligatory part of the study plan of the study programme Finance and Law. Students may attend the voluntary course Working Experience. Within the course students take part in a several-week internship at a selected institution. Students may choose from previously given institutions or they may suggest their own institution which has to be approved 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 http://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.