Financial Theory

Lecturer:

Tutor:

Supervisor:

Department of Management and Economics

Synopsis:

The subject deals with the substantial aspects of financial theory and financial management. Students have an opportunity to acquire an understanding of the main financial theory and concepts and their utilisation in practical decision making and management of the enterprise.

The purpose of this subject is to explain models, methods and tools needed for understanding capital market function, securities valuation and financial risk management. A significant emphasis is placed on techniques and methods of financial planning and forecasting, methods of investment evaluation and investment risk assessment.

Requirements:

Teaching proceeds in the form of regular consultations. The exam requirements are specified by curriculum of the subject.

Syllabus of lectures:

Securities markets. Characteristic of function and effectiveness of capital markets. Capital Market Theory. Relationship between risk and rates of return. Financial Risk Management. Cost of Capital. Investment analysis. Capital Structure Policy. Securities Valuation and Analysis. Capital Asset Pricing Model. Pricing Theory. Portfolio Theory. Working capital management, cycle and strategy of working capital financing. Financial planning methods and models. Dividend policy models. Option valuation. Enterprise evaluation. Mergers and acquisitions.

Syllabus of tutorials:

Study Objective:

Study materials:

Blaha, Z. Řízení rizika a finanční inženýrství. Management Press, 2005, ISBN 80-7261-113-5

Brealey R.A. - Myers,S.C. Teorie a praxe firemních financí. Victoria Publishing, Praha 1992

Cottle,S. - Murray,R.F.: Analýzy cenných papírů. Victoria Publishing, Praha 1994

Freiberg,F.: Finanční management. Skripta ČVUT, Praha 2007

Jílek, J. Finanční a komoditní deriváty. Grada, 2002, ISBN 80-247-0342-4

Jílek, J. Finanční rizika. Grada publishing, 2000, ISBN 80-7169-579-3

Kislingerová E. Manažerské finance. C. H. Beck, 2004, ISBN 80-7179-802-9

Máče, M. Finanční analýza investičních projektů. Grada, 2005, ISBN 80-247-1557-0

Musílek P. Trhy cenných papírů. Ekopress, 2002. ISBN 80-86119-55-6

Note:

Time-table for winter semester 2011/2012:

Time-table is not available yet

Time-table for summer semester 2011/2012:

Time-table is not available yet

The course is a part of the following study plans: