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The aim of the course is to provide an overview of the field of finance in general. Specifically, this course will address matters of personal finance that will help students successfully manage their personal financial affairs. As such, the course is about life skills. This necessitates a brief introduction to financial markets and basic tools of finance. After the introduction of building blocks, the course will discuss aspects of finance on the personal level, such as saving, loaning, investing, and retirement. The course will take a closer look at the role of insurance and the finance considerations of the pension system.
While this course concerns principles to manage personal financial affairs, its companion course “Business and Managerial Finance” (taught by Lenka Dupáková) features an in depth introduction to corporate finance. Moreover, the course “Advanced Corporate Finance” (taught by Sven Hoeppner) deals with advanced topics in corporate finance that each aspiring corporate, M&A, or financial markets lawyer needs to understand if he or she wants to have an edge over their competitors. Nevertheless, this course lays the groundwork by discussing indispensable basic concepts for any treatise of financial affairs. Key Learning Goals: The overarching learning objective of the course is to familiarize students with the field of finance and to make students aware of the implications of financial markets and their surrounding infrastructure for their own personal lives. By extension, the course teaches students being better in managing their personally financial affairs. By the end of the course, students should be able to: − understand and explain cornerstones of the financial system − recognize how their private and professional lives are closely linked to topics and concepts of finance − explain basic concepts of finance regarding the time value of money, risk management, and asset valuation − be better at their own financial decision-making − have a better understanding of how to manage their own personal financial lives Students need to practice dealing with personal financial decisions. Therefore and to achieve the overarching goal of the course, the course features practical seminars for which students prepare exercises at home that will be discussed in depth in class. Poslední úprava: Šicnerová Barbora, Mgr. (27.08.2024)
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The course finishes with a final exam. The exam counts 70% towards the final grade. For their work in the practical seminars and quizzes, students earn another 30% towards their final grade. Poslední úprava: Šicnerová Barbora, Mgr. (27.08.2024)
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The course includes the following topics: 1. Introduction to the Financial System 2. Basic Tools of Finance: Time Value 3. Basic Tools of Finance: Managing Risk 4. Basic Tools of Finance: Asset Valuation 5. Efficient Market Hypothesis 6. Insurance and Finance 7. Personal Finance: Saving, Loaning, and Investment 8. Personal Finance: yield and maturity, risk-return tradeoff, annuity. 9. Personal Finance: Instruments for Personal Investments 10. Personal Finance: Retirement 11. Financial Considerations of the Pension System Poslední úprava: Šicnerová Barbora, Mgr. (27.08.2024)
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Základní literatura: 1. Syrový, Petr. Osobní finance – řízení financí pro každého. Praha: Grada, 2014. 2. Callaghan, George.Personal Finance. London: Red Globe Press, 2011. Poslední úprava: Šicnerová Barbora, Mgr. (27.08.2024)
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