Course detail
Comodity and Stock Trading
FP-cpbPAcad. year: 2019/2020
The course focuses on the issues of investment in securities and commodities and their trading on publicly organized markets. The interpretation goes from the essence of the function of the stock markets to the systemic definition of their internal structure to the mechanism of their operation and the possible economic impacts in case of failure. Subsequently, it focuses on individual types of financial investment instruments, especially on exchangeable securities and commodities, foreign currencies, futures derivatives, securities of investment and mutual funds and, last but not least, publicly tradable structured products. And part of the interpretation is fundamental, technical and psychological analysis, as well as practical training of securities trading both in the Czech Republic and abroad. By completing the course, the student acquires a comprehensive view of the current ways of using financial investment instruments for external financing of the company (or recognizes the meaning of financial transactions carried out by the so-called transnational financial conglomerates), and learns how to manage their own assets. And, given the knowledge gained on the investment and knowledge of both securities and commodities, it will be able to independently conduct business transactions both in the Czech Republic and on foreign exchanges.
Language of instruction
Number of ECTS credits
Mode of study
Guarantor
Department
Learning outcomes of the course unit
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
receive in total 15 points of the test. The minimum number of points, which can be part of this test is to recognize the 10.
The second part of the test consists of twenty questions, having different numbers of correct answers that student rings. For the correct answer student gets positive point, for a wrong answer gets minus point. No answers are in the focus on. If the student reaches 90% of the maximum number of correct answers, he is evaluated and graded A, upon reaching 85% correct level B, while achieving 80% correct degree C, reaching 75% in stage D and at a 70% correct degree E.
Course curriculum
1) The importance of organized markets and their impact on the financial and economic system.
2) Exchange Systems and methods for their operation.
3) Specific functions of individual sub-segments of the stock market.
4) Basic factors of investment strategy
5) The types of shares, their properties and ways of doing business.
6) Fundamental Analysis.
7) Technical Analysis.
8) Psychological Analysis.
9) Basic types of bonds, their properties and ways of doing business.
10) Investing through collective investment funds.
11) Fixed term derivative instruments - trading futures
12) Contingent derivative instruments - stock options trading.
13) Synthetic derivative instruments
12) Specific features of structured products and trading.
13) Specifics exchange trading commodities and foreign currencies.
Syllabus of tutorials:
1) Introduction to the study "Securities and Stock Exchanges."
2) Exchange Systems stock exchanges, means of exchange trading.
3) Exchange trading of securities in the Czech Republic (practical exercises of trading)
4) The control test; investing through mutual and investment funds
5) Exchange trading of securities on foreign exchanges (practical exercises of trading on the stock exchanges in the U.S. and Germany).
6) The final test
Work placements
Aims
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
Rejnuš, Oldřich. Cenné papíry a burzy. 2., přeprac. vyd. Brno: Akademické nakladatelství CERM, 2013. 406 s. Učební texty vysokých škol. ISBN 978-80-214-4673-1. (CS)
Rejnuš, Oldřich. Finanční trhy. 4., aktualiz. a rozš. vyd. Praha: Grada, 2014. 760 s. Profesional. ISBN 978-80-247-3671-6. (CS)
Recommended reading
Jílek, Josef. Deriváty, hedžové fondy, offshorové společnosti. 1. vyd. Praha: Grada, 2006. 260 s. Finanční trhy a instituce. Finance. ISBN 80-247-1826-X. (CS)
Jílek, Josef. Finanční a komoditní deriváty. 1. vyd. Praha: Grada, 2002. 624 s. Finanční trhy a instituce. Finance. ISBN 80-247-0342-4. (CS)
Kislingerová, Eva a Hnilica, Jiří. Finanční analýza: krok za krokem. 2. vyd. Praha: C.H. Beck, 2008. xiii, 135 s. C.H. Beck pro praxi. ISBN 978-80-7179-713-5. (CS)
ŠOBA,O., ŠIRŮČEK, M.: Finanční matematika v praxi. 2., aktualizované a rozšířené vydání, Grada, Praha, 2017. ISBN 978-80-271-0250-1. (CS)
Valach, Josef a kol. Investiční rozhodování a dlouhodobé financování. 3., přeprac. a rozš. vyd. Praha: Ekopress, 2010. 513 s. ISBN 978-80-86929-71-2. (CS)
Veselá, Jitka. Investování na kapitálových trzích. 2., aktualiz. vyd. Praha: Wolters Kluwer Česká republika, 2011. 789 s. ISBN 978-80-7357-647-9. (CS)
Wystup, Uwe. FX options and structured products. Chichester: John Wiley & Sons, 2006. xv, 323 s. Wiley finance series. ISBN 0-470-01145-9. (EN)
Classification of course in study plans
Type of course unit
Lecture
Teacher / Lecturer
Syllabus
Burzovní systémy, specifické funkce jejich jednotlivých dílčích segmentů.
Základní faktory investiční strategie.
Druhy akcií, jejich vlastnosti a způsoby obchodování.
Fundamentální akciová analýza.
Technická analýza.
Psychologická analýza.
Burzovní obchodování akcií.
Druhy dluhopisů, jejich vlastnosti, způsoby oceňování a obchodování.
Specifické vlastnosti komodit, jejich analýza a způsoby obchodování; specifika obchodování drahých kovů a cizích měn.
Termínové derivátové instrumenty; specifika burzovního obchodování futures, opcí a opcí na futures.
Specifika klasických fondů kolektivního investování, „Exchange traded funds“ a fondů kvalifikovaných investorů (resp. hedgeových fondů).
Druhy strukturovaných produktů a specifika jejich obchodování.
Exercise
Teacher / Lecturer
Syllabus
Fundamental analysis
Technical analysis
Psychological analysis
Investment strategy and portfolio optimization
Practical trading of securities
Graded credit