NZ_OFI Oceňování finančního majetku a investic

Institute of Technology and Business in České Budějovice
winter 2024
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Tomáš Krulický, MBA, PhD. (lecturer)
Ing. Veronika Šanderová, MSc. (seminar tutor)
Guaranteed by
doc. Ing. Simona Hašková, Ph.D.
School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: Department of Corporate Finances – Deputy Director of Department for Research, Development and Creative Activity – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives supported by learning outcomes
The course focuses on the valuation of investments, especially financial investments. The course addresses the pre-investment phase of the investment process, in particular the evaluation of investment alternatives. A successful graduate will understand the investment process and be able to evaluate investment alternatives.
Learning outcomes
Upon successful completion of the course, the student will:

Understands the functioning of financial and capital markets.
Appreciates stocks and other equity holdings.
Appreciate bonds.
Valuate financial derivatives.
Valuate investments using income methods.
Syllabus
  • Lectures:
  • 1. The role of financial markets and financial institutions in the economy. The nature, function, structure and importance of financial markets
  • 2. Regulation and supervision of capital markets - reasons for regulation and supervision, methods and instruments of regulation and supervision, regulation and supervision in the  Czech Republic
  • 3. Equity markets. Valuation of shares. Basic principles of fundamental, technical and psychological analysis of stock markets. Theory of efficient markets
  • 4. Valuation of stocks and shares in corporations
  • 5. Bond markets. Bond valuation and basic principles of analysis of bonds
  • 6. Bond valuation
  • 7. Financial derivatives markets - options, futures, swaps, warrants
  • 8. Valuation of financial derivatives
  • 9. Business investment, stages of the investment process
  • 10. Pre-realisation phase of the investment
  • 11. Pre-realisation phase of the investment: investment decision-making (static methods, dynamic methods)
  • 12. Pre-realisation phase of the investment: investment decision making in the case of public projects (Cost-Benefit Analysis, shadow pricing, etc.)
  • 13. Implementation phase of investment, Post-implementation phase of investment
  • Seminars:
  • 1. Sources of information, methods of data processing
  • 2. Valuation of shares and shares - a contextual example I
  • 3. Valuation of shares and interests - contextual example II
  • 4. Valuation of shares and interests - contextual example III
  • 5. Valuation of bonds - continuous example I
  • 6. Bond Valuation - Contextual Example II
  • 7. Valuation of call options
  • 8. Valuation of other financial derivatives
  • 9. Evaluation of investment alternatives - a contextual example I
  • 10. Evaluation of investment alternatives - contextual example II
  • 11. Evaluation of investment alternatives - Contextual example III
  • 12. Evaluation of public investment I
  • 13. Evaluation of public investment II Translated with www.DeepL.com/Translator (free version)
Literature
    required literature
  • JÍLEK, J., 2009. Finanční trhy a investování. 1. vyd. Praha: Grada Publishing. Finanční trhy a instituce. ISBN 978-80-247-1653-4.
  • KISLINGEROVÁ, E., 2010. Manažerské finance. 3. vyd. Praha: C.H. Beck. Beckova edice ekonomie. ISBN 978-80-7400-194-9.
  • REJNUŠ, O., 2014. Finanční trhy. 4., aktualizované a rozšířené vydání. Praha: Grada Publishing, 760 s. ISBN 978-80-247-3671-6.
  • SCHOLLEOVÁ, H. a P. ŠTAMFESTOVÁ, 2015. Finance podniku: Sbírka řešených příkladů a otázek. Praha: Grada Publishing, Česká republika. ISBN 978-80-247-56544-1.
  • VESELÁ, J., 2011. Investování na kapitálových trzích. 2., aktualiz. vyd. Praha: Wolters Kluwer Česká republika. ISBN 978-80-7357-647-9.
  • BREALEY, R. A., S. C. MYERS a F. ALLEN, 2014. Teorie a praxe firemních financí. 2., aktualiz. vyd. Brno: BizBooks. ISBN 978-80-265- 0028-5.
    recommended literature
  • SCHOLLEOVÁ, H., 2015. Podniková ekonomika: Sbírka příkladů a případových studií. Praha: H. C. BECK, Česká republika. ISBN 978-80- 7400-275-5.
  • ŠOBA, O. a M. ŠIRŮČEK, 2017. Finanční matematika v praxi. 2., aktualiz. vyd. Praha: Grada Publishing, Česká republika. ISBN 978-80-271-0250-1.
  • BRIGHAM, E. F., M. C. EHRHARDT and R. FOX, 2019. Financial management: Theory and practice. 2. vyd. Cengage Learning EMEA. ISBN 978-1-4737-6021-9.
  • HULL, J. C., 2017. Options, futures and other derivatives (ninth edition). Pearson Education, USA, 869 s. ISBN 978-0-13-345631-8.
Forms of Teaching
Lecture
Seminar
Tutorial
Teaching Methods
Frontal Teaching
Critical Thinking
Individual Work– Individual or Individualized Activity
Student Workload
ActivitiesNumber of Hours of Study Workload
Daily StudyCombined Study
Preparation for Seminars, Exercises, Tutorial2036
Preparation for the Final Test2626
Seminární práce (in Czech)3050
Final test22
Attendance on Lectures26 
Attendance on Seminars/Exercises/Tutorial/Excursion2616
Total:130130
Assessment Methods and Assesment Rate
Test – final 50 %
Seminary Work 50 %
Exam conditions
For successful completion of the course, it is necessary to achieve a passing grade in the and final grades of at least 70% under the conditions set out below. 50 points can be obtained in the intermediate assessment, i.e. 50%. In the final assessment evaluation, a total of 50 points, i.e. 50 %, may be obtained. Overall course classification, i.e. points for the final assessment (50 - 0) + points from the interim assessment (50 - 0): A 100 - 90, B 89.99 - 84, C 83.99 - 77, D 76.99 - 73, E 72.99 - 70, FX 69,99 - 30, F 29,99 - 0. A full-time student is obliged to attend contact classes, i.e. everything except lectures, to meet the mandatory 70% attendance. If attendance is not met, the the student will automatically be graded "-". Translated with www.DeepL.com/Translator (free version)
Language of instruction
Czech
Teacher's information
Students with an Individual Study Plan (ISP) are obliged to contact the teacher no later than in the first week of the semester or immediately after its approval with a request to arrange the teaching system and the end of the course, in case the student fails to do so, his/her ISP will not be taken into account. If they have any questions, they may contact the curriculum co-counselor via email at krulicky@mail.vstecb.cz.
The course is also listed under the following terms winter 2022, winter 2023.
  • Enrolment Statistics (winter 2024, recent)
  • Permalink: https://is.vstecb.cz/course/vste/winter2024/NZ_OFI