Finance
- Ending: Examination
- Range: 2P + 0C
- Semester: winter
- Year: 3
- Faculty of Business Economics with seat in Košice
Teachers
Included in study programs
Teaching results
The aim of the course is to present fundamental topics in various areas of finance, banking and insurance, to provide students with a basis for understanding the development of economic relations at the national and supranational level, to explain the principles and mechanisms of financial markets, to point out the main types of financial instruments and their use and also to the main players in the individual markets, to explain the principles and mechanisms of operation of financial and monetary institutions.
Knowledge:
• to know the basic concepts of financial theory with the creation of preconditions for their more detailed understanding in the study of financial and economic subjects, for solving more complex problems in the real economy, as well as for orientation in the functioning of individual financial systems and institutions,
• to know individual financial subsystems (financial markets, banks and financial intermediaries, central banking, public finance, insurance, finance of social systems, third sector finance, international financial system),
• to understand the interrelationships between the real economy and finance and gain knowledge about the functioning of financial markets and the determinants of shaping their balance,
• to gain knowledge about the main types of financial instruments and their use by entities operating in individual markets,
• to understand the principles and mechanisms of operation of financial markets and insurance.
Skills:
• to analyze the basic context in finance,
• to evaluate the causes and consequences of ongoing processes in the financial markets, including the formulation of adequate conclusions,
• to discuss current problems and their possible solutions.
Competences:
• the ability to orientate oneself in a dynamically changing financial environment,
• to communicate professionally on issues related to individual sectors of finance,
• to acquire a qualified outlook in the field of finance.
Indicative content
Lectures
1. Introduction to the field of finance. Development of finance. Definition of the financial system, financial sector and its position and function in the economic system.
2. Financial markets – definition and instruments.
3. Money market – definition and instruments.
4. Capital market – definition, instruments, and capital market institutions.
5. Foreign exchange market – definition, trades on foreign exchange market, and exchange rate.
6. International financial system – definition, international financial institutions, and balance of payment.
7. Banks and financial intermediaries – definition of banking sector, functions, commercial banks, and operations of commercial banks.
8. Central banking – status and independence of central banks, monetary policy.
9. Public finances – definition of the public sector. Public finances economy.
10. Public finances – fiscal policy.
11. Insurance and insurance market.
12. Finance of social systems.
13. Third sector finance.
Support literature
Elementary literature:
1. SIVÁK, R. a kol. Financie. 2. prepracované a rozšírené vydanie. Bratislava: Wolters Kluwer, 2019. 440 s. ISBN 978-80-7598-533-0.
Supplementary literature:
2. ADAMKO, J. Poistenie a poistný trh. Vybrané kapitoly. Prešov : Vydavateľstvo Michala Vaška, 2018. 188 s. ISBN 978-80-8198-027-5.
3. IRONS, R. The Fundamental Principles of Finance. Routledge, 2019. 224 p. ISBN 978-11-3847-752-0.
4. MAJERČÁKOVÁ, D. Peniaze a bankovníctvo. Bratislava: Wolters Kluwer, 2018. 192 s. ISBN 978-80-7552-972-5.
5. MISHKIN, F. S. – EAKINS, S. G. Financial Markets and Institutions. Ninth Edition. Pearson, 2017. 704 p. ISBN 978-01-3451-926-5.
6. Current scientific and professional articles dealing with current problems in the field of finance, banking and insurance.
Syllabus
Lectures 1. Introduction to the field of finance. Development of finance. Definition of the financial system, financial sector and its position and function in the economic system. 2. Financial markets – definition and instruments. 3. Money market – definition and instruments. 4. Capital market – definition, instruments, and capital market institutions. 5. Foreign exchange market – definition, trades on foreign exchange market, and exchange rate. 6. International financial system – definition, international financial institutions, and balance of payment. 7. Banks and financial intermediaries – definition of banking sector, functions, commercial banks, and operations of commercial banks. 8. Central banking – status and independence of central banks, monetary policy. 9. Public finances – definition of the public sector. Public finances economy. 10. Public finances – fiscal policy. 11. Insurance and insurance market. 12. Finance of social systems. 13. Third sector finance.
Requirements to complete the course
Exam 100 %
Student workload
• participation in lectures – 26 hours
• preparation for lectures – 13 hours
• preparation for exam – 39 hours
Total: 78 hours
Language whose command is required to complete the course
Slovak
Date of approval: 06.03.2024
Date of the latest change: 05.04.2024