SYLLABUS

University: Technical University of Košice

Faculty: Faculty of Economics

Department: Department of Finance

Course Number: 35000351

Course Name: Financial Markets

Type, scope and method of learning activities:
Course Type:
Recommended scope of the course content (in hours):
Full-time study (hours per week): -
Part-time study (hours per semester): WT
Study Method:

Number of credits: 4

Recommended semester of study: WT

Recommended semester

Study programme

Study grade

Study Method

2.rok WT

Economics and Management of Public Administration (EaMVS_Bc_D_en)
Finance, Banking and Investment (FBI_Bc_D_en)

Bachelor
Bachelor

Attendance
Attendance

Level of study:

Prerequisites:

Course completion requirements:
Assessment and completion of the course: Credit test and examination
Continuous assessment: Student passes the continuous assessment and receives credits when he or she meets the requirement to obtain at least 13% out of 25%.
The student passes the continuous assessment when he or she meets the requirement to obtain at least 13 % out of 25 % from two written examinations.
1st written examination – 12 %
2nd written examination – 13 %

Final assessment: Student passes the final assessment and passes the examination when he or she meets the requirement to obtain at least 38% out of 75%.
The student passes the final assessment and passes the examination when he or she meets the requirement to obtain at least 38 % out of 75 %.
Written examination – 75 % - answer to test questions
Overall assessment: Overall assessment is the sum of the assessments obtained by students in the assessment period. The overall result is determined in accordance with the internal regulations of the Technical University in Košice. (Study Regulations, the internal regulation principles of doctoral studies)

Overall assessment: Overall assessment is the sum of the assessments obtained by students in the assessment period. The overall result is determined in accordance with the internal regulations of the Technical University in Košice. (Study Regulations, the internal regulation principles of doctoral studies)

Learning outcomes:
The aim of the course and the study of the course is for the student to have a comprehensive overview of the functioning of the financial market. Particular attention is paid to financial market instruments and their valuation. The student will gain knowledge about developments in world markets, and innovations in world financial markets. At the same time, he will gain an overview of the institutional organization of the financial market, the stock exchange, and the over-the-counter market. Understands the system of market organization, securities trading and the specifics of the Slovak financial market given by its development and legislation. The main topics of the lectures are the issues of the economic and financial system, financial instruments operating in the financial market, legislation and legal norms operating in the field of financial markets, advanced financial markets, emerging markets, and frontier markets. Trends in current financial markets, the role of investors in financial markets and financial market anomalies. The theory overlaps with practical examples and case studies in the field in seminars.
To successfully pass the course, it is necessary to meet the continuous and final assessment. Teaching takes place through lectures and seminars. Continuous assessment of students during the semester is to facilitate the final assessment in the examination. The continuous evaluation consists of two written examinations written during the semester. The maximum number of points for continuous assessment is 25 points, at least the student must obtain 13 points in the sum of both examinations. The final assessment takes place in a written test form, where the student examines the theoretical knowledge of the issues acquired in the course. The maximum number of points for the final evaluation is 75, while the student must obtain at least 38 points.
Upon successful completion of this course, students will acquire
- [i] knowledge of a theoretical nature in defining the basic concepts of financial markets and the financial system and legislative framework.
- [ii] skills - the student builds on his / her knowledge based on theoretical knowledge by practical application of valuation of investment instruments and pricing of security,
- [iii] competence - the information obtained by completing the course, the student will deepen their decision-making skills with an understanding of professional financial terminology and improve their ability to communicate the information obtained to the public.

Traditional and alternative teaching methods are used during the course.
The motivational methods include motivational discussion, setting up the problem, and group teaching.
The exposure and fixation teaching methods are traditional and interactive lecture, commentary, repetition, and discussion.
The course also requires the independent work of students which consists primarily of self-study of relevant literature.

Brief course content:
1. L: Financial system and its functions. The financial market, financial market functions. Types of financial markets.
S: Financial intermediaries.
2. L: Money market, forms, tools. Characteristics of the money market, its division.
S: Issuance of government treasury bills. Price and profitability of bills of exchange.
3. L: Money market instruments - characteristics.
S: Valuation of certificates of deposit.
4. L: Capital market. Characteristics and classification of the capital market.
S: Bond valuation. Bond price and yield.
5. L: Capital market instruments – characteristics.
S: Stock valuation.
6. L: Foreign exchange market - definition, nature, functions, financial institutions, and other participants in the foreign exchange market.
S: 1st written examination.
7. L: Financial market institutions. General characteristics of individual institutions operating in the financial market.
S: Pricing of security by the fixing method - part 1.
8. L: Bratislava Stock Exchange. Bratislava Stock Exchange Act.
S: Pricing of security by the fixing method - part 2.
9. L: Commodity Exchange Bratislava. Commodity Exchanges Act.
S: Pricing of security by the continuous quotation method - part 1.
10. L: Asset management companies and their funds.
S: Pricing of security by the continuous quotation method - part 2.
11. L: Pension funds on the capital markets.
S: Types of trading orders.
12. L: OTC markets and international regulation of financial markets.
S: 2nd written examination.
13. L: International capital funds - selected issues.
S: Overall evaluation of the course.

Recommended Reference Sources:
1. Chovancová, B. a kol.: Finančný trh. Iura Edition. 2006. ISBN 80-8078-089-7
2. Jílek, J.: Akciové trhy a investování. Grada. 2009. ISBN 978-80-247-2963-3
3. Bajus, R., Glova, J., Kádárová, J.: Manažment portfólia cenných papierov a analýza investícií. Iura Edition. 2011. ISBN 978-80-8078-438-6
4. Svitek. M.: Finančné nástroje podľa IFRS/IAS. Iura Edition. 2008. ISBN 978-80-8078-188-0
5. Polouček, S. a kol.: Peniaze, banky, finančné trhy. Iura Edition. 2010. ISBN 978-80-8078-305-1
6. Pauhofová, I. a kol.: Megatrendy a finančné trhy v 21. Storočí. SPRINT, 2007.
7. Hrvoľová, B. a kol.: Analýza fiančných trhov. SPRINT. 2006
8. Nývltová, R., Rezňáková, M.: Mezinárodní kapitálové trhy – zdroj financovaní. GRADA.
9. Mishkin, S.F.: Financial Markets and Institutions. Addison-Wesley Series in Finance. 2005. ISBN 0321280296
10. Tkáčová, D. a kol.: Finančné trhy a bankovníctvo. Praha: Wolters Kluwer, 2017. ISBN 978-80-7552-528-4.
11. Burton, Edwin T. a Michael P. KORO, 2019. Financial Markets: In Theory and Practice. B.m.: Independently published. ISBN 978-1-07-821908-2.
12. Mishkin, Frederic, 2018. Economics of Money, Banking and Financial Markets, The. 12th edition. New York: Pearson. ISBN 978-0-13-473382-1.
13. Saunders, Anthony, Marcia CORNETT a Otgo ERHEMJAMTS, 2021. Financial Markets and Institutions 8th Edition (International Edition) Textbook only. 8th edition. New York, NY: McGraw-Hill Education. ISBN 978-1-265-56143-7.

Recommended optional program components:
Semester projects focused on the lectured issues will be used as an alternative for the student.

Languages required for the course completion:

Notes:

Course assessment:
Total number of students assessed: 8

13%

38%

13%

Teacher:
Ing. Radoslav Bajus, PhD.
Ing. Martina Bobriková, PhD.
Ing. Daniela Hadačová

Last modified: 31.08.2023

Approved by: person(s) responsible for the study program