1. MPF_AFII FINANCIAL INVESTMENTS Offuce hours: Tue 13:00 – 14:00 (Office 408) Tue 12:30 – 13:30 (Office 408) - Diploma and Bachelor Thesis dagmar.linnertova@mail.muni.cz

2. Structure of the Course Lectures: 1. Portfolio Theory and Practice – Risk, Return, and the Historical Records 2. Portfolio Theory and Practice – Capital Allocation to Risk Assets 3. Portfolio Theory and Practice – Optimal Risky Portfolio 4. Equilibrium in Capital Markets – The Capital Asset Pricing Model 5. Equilibrium in Capital Markets - Arbitrage Pricing Theory and Multifactor Models of Risk and Return 6. Equilibrium in Capital Markets – The Efficient Market hypothesis and Behavioral Finance 7. Options, Futures and Other Derivatives - Introduction 8. Options, Futures and Other Derivatives – Option Markets and Option Valuation 9. Options, Futures and Other Derivatives - Futures Markets and Futures, Swaps and Risk Management 10. Applied Portfolio Management – Portfolio Performance Evaluation 11. Applied Portfolio Management – International Diversification 12. Applied Portfolio Management - Hedge Funds and The Theory of Active Portfolio Management 13. Summary of Investments Seminars: 1. Portfolio Theory and Practice – Risk, Return, and the Historical Records 2. Portfolio Theory and Practice – Capital Allocation to Risk Assets 3. Portfolio Theory and Practice – Optimal Risky Portfolio 4. Test no 1 5. Equilibrium in Capital Markets – The Capital Asset Pricing Model 6. Equilibrium in Capital Markets - Arbitrage Pricing Theory and Multifactor Models of Risk and Return 7. Equilibrium in Capital Markets – The Efficient Market hypothesis and Behavioral Finance 8. Test no 2 9. Options, Futures and Other Derivatives - Introduction 10. Options, Futures and Other Derivatives – Option Markets and Option Valuation 11. Options, Futures and Other Derivatives - Futures Markets and Futures, Swaps and Risk Management 12. Test no 3 13. Final seminar

3. Introduction Tests 21/10 – 20 ponits 25/11 - 20 ponits 9/12 - 20 ponits https://is.muni.cz/auth/predmety/sylaby_plneni?kod=MPF _AFII;fakulta=1456;obdobi=6363

4. References BODIE, Z.;A. KANE;A.J. MARCUS. Investments. 6th ed. Boston: McGraw-Hill, 2005. xxx, 1090. ISBN 0-07- 286178-9. required literature MISHKIN, F.S.;S.G. EAKINS. Financial markets and institutions. 6th ed. Boston: Pearson Prentice Hall, 2009. xxxix, 675. ISBN 978-0-321-37421-9. recommended literature MISHKIN, F.S. The economics of money, banking and financial markets. 7th ed. Boston: Addison-Wesley, 2004. xxxix, 679. ISBN 0-321-12235-6. recommended literature

5. Evaluation of the Course 3 tests (20 points per test) – 60 points (50 percent is reflected in the final grade) Presentation 10 points Final exam 60 ponits A 92 – 100 %, B 84 – 91 %, C 76 – 83 %, D 68 – 75 %, E 60 – 67 %, F less than 60 %