[Department of Economics and Finance]

[Characterization of the dpt.]

Head office: Husova 11, 306 14 Plzen, phone + fax: +420-(0)19/722 08 77

[Staff]

 Head 
Ing. Vlastimil PAVLASEK, CSc.
pavlasek@kef.zcu.cz

 Secretary     Admin. officer 
Ing. Hana KUNESOVA   Eva BULTASOVA
kunesova@kef.zcu.cz   bultasov@kef.zcu.cz

Professors:
Prof. Ing. Milos MACH, CSc.
Prof. Ing. Josef VALACH, CSc.

Senior lecturers:
Doc. Ing. Jiri BECK, CSc.
Doc. Ing. Bozena KADERABKOVA, CSc.

Lecturers:
Ing. Miloslava BREJCHOVA
Ing. Miluse DLOUHA
Ing. Milan HRDY, Ph.D.
PhDr. Cestmir JARY
Ing. Jaroslava KONCALOVA
Ing. Hana KUNESOVA
Ing. Stanislav LOUKOTA, CSc.
Ing. et Ing. Milos NOVY
Ing. Vlastimil PAVLASEK, CSc.
PhDr. Jan SINKULE
JUDr. Vaclav SVATEK

Part-time lecturers:
Ing. Stanislav BRAZDIL
Mgr. Zdenek HUBERT
Ing. Karel KLABECEK

[Courses]

KEF/BAN1  Banking industry 1
Banks, banking industry and structure of the banking industry system. Ethics in banking operations. Central bank, commercial banks, their customers, their accounts. Systems of payment and clearing, bills of exchange and cheques. Banking transactions. Interests and credit costs. Banking services. Financial markets and securities. A brief history of monetary systems, currencies.

KEF/BAN 2  Banking industry 2
Bank structure and management. Bank environs. Controlling bank credits and debits. Securing credit and assessing client credibility. Clients balance. Balance and bank annual report. Bank and the public relations. Banking agenda and credit operations. Means of money saving and saving policies. Monetary system legislation. Banks in the national economy and in the economic cycle.

KEF/BPP1  Banking products in use I
Information on banking products provided in the field of banking operation. Cash payment system, foreign payment system, smooth payments, documentary letter of credit, documentary collection. Cheque agenda, private and bank cheques, traveller´s cheques, guaranteed cheque system, bank credit cards. Deposit transactions. Short-term, medium-term and long term deposits, deposit certificates, term and non-term deposits. Bank subsidiaries products - building saving accounts, pension insurance. New bank products.

KEF/BPP2  Banking products in use II
Information on banking products provided in the field of asset credit transactions and investment banking. Asset credit transactions, methods of crediting, credit typology, credit providing conditions, client credibility assessment, finding out about return on credit, finding out about credit profitability, securing and assessing credits. Credits for entrepreneurs, mortgage credits, consumer credit. Bill of exchange as a payment instrument, discount credits, investment banking, securities, emitting of securities, admission of shares of Stock Exchange, securities transactions, capital markets, bank investment funds.

KEF/DAN  Taxes
Tax system concept, updating elementary knowledge on taxes from the subject Finance 1. Tax system concept from the macroeconomic point of view. Analysis of the Taxes and fees administration law with focus on the position of a business person, his/her rights and duties. Detailed analysis of individual taxes from a business person point of view - Income tax of natural and juridical persons. VAT, road tax. Income tax statement and its completion procedure.

KEF/DEU  Economic theories history
Ancient economic theory and economic theory of the Middle Ages. Mercantilists and physiocrats - Classical school - Neoclassical school - Keynesianism - modern ways of economic thinking (neokeynesianism, postkeynesianism), synthesis, monetarism, theory of public choice and the like.

KEF/EK1  Microeconomics
The subject of general economic theory. Basic economic relationships. Market and market system. Demand. Supply. Supply and demand interaction. Competition. Consumer behaviour and forming the demand. Theory of a company and forming the supply. A company in perfect competition. Imperfect competition and its varieties. Land market and labour market. Capital market. Revenue division. Overall balance. The economic role of state.

KEF/EK2  Macroeconomics
Macroeconomics and its elementary terms. National revenue accounting. A simple Keynesian model of revenue determination. Aggregate demand and supply. economic growth and economic cycle. Money. Banking industry system. Open economy. Unemployment. Inflation. Outer economic balance. economic policy. Monetary policy. Fiscal policy. International commerce. Economic policy efficiency.

KEF/FDS  Finance and tax system
The essentials of finance and financial relationships, their structure. Public finance and their basic elements. Incomes of public finance. New tax system and system of fees of the Czech Republic. Social insurance. Customs. Company finance. Company financing. Financing companies according to their structure. Characteristics of their own and other sources of the company capital. Depreciation and depreciation policy, credit forms of financing. Allocation of sources into fixed assets and short-term assets. Company termination forms. Financial market.

KEF/FIN1  Finance 1
Finance and financial relationships essentials, their structure. Public finance and their elementary features, state budget, budgeting process, budget structure. Incomes of public finance and their hierarchy. Social and medical insurance. taxes and new tax system. General tax conception and individual taxes analysis. Fee system, customs and its place in public finance. Municipalities finance. Public finance expenses. Financing of public sector, state businesses, budget and non-profit organizations.

KEF/FIN2  Finance 2
Origin and development of finance, company finance and financial relationships, methods of financing. Financing private businesses, characteristics of their financing, sources of company financing and their hierarchy. Characteristics of company own and other sources. Self-financing. Depreciation and depreciation policy, credit forms of financing, leasing. Company termination Financial market as a mediator of capital movement. Allocation of sources into fixed assets and short-term assets. Insurance and insurance system. Company and international relationships. Examination is a complex covering Finance 1 and Finance 2.

KEF/FMAN  Financial management
Financial management of a company. Company financial structure Financial planning. Financial control. Financial analysis. Short-term financing. Long-term financing and its management. Company cash-flow management. Company´s own and other financial sources. Special forms of gaining financial sources. Financial market. Capital market. Stock exchange and doing business on stock exchange. Money market with special focus on monetary part of the market. Special products of the financial market. Deposits. Financial counselling. Audit. Legal regulations of some conditions of financial management of companies in the Czech Republic. The subject is meant for external studies and is taught in Cheb.

KEF/FRP  Financial management of a company
Financial management and economy of a company, elementary terms, objectives and principles of financial management. Financial management of short-term assets, supplies, outstanding debts and funds. Financial decision making, types and stages in financial decision making, time factor in financial decision making, investment decision making, elementary principles, cash-flow planning. Assessment of economic effectiveness of investment projects, basic criteria and more complicated modifications, inflation influence.

KEF/KPT  Capital markets
Securities. Security as a term. Classification of securities, types of securities and their derivatives. Capital market: History, legal background, securities markets, institutional safeguarding. Capital market indexes. Setting prices.

KEF/MAKR2  Macroeconomics 2
Introduction into macroeconomics. Determining well balanced production in two-sector and three-sector model. IS-LM model. Effectiveness of fiscal monetary policy as a prism of the IS-LM model. Open economy and determination of well balanced production. Net profits and their determinants. Payment balance. Aggregate demand and its derivation from IS-LM model. Aggregate supply and its qualities. Classic and Keynesian curve of aggregate supply its derivation from the IS-LM model and effects of fiscal and monetary policy. Current state of the problem of aggregate supply in global economic theory. Labour market and unemployment. Original wages Philips curve and extended Philips curve. Economic-political implications of the extended Philips curve. Inflation, demand inflation and supply inflation. The curve of the dynamic aggregate demand and aggregate dynamic supply, inflation and nominal product. Adaptation method of rate of inflation and rate of growth of the real product, adaptive and rational expectation. Methods of inflation treatment. Long-term economic growth, intensive production function and average labour productivity. Capital intensity and technology progress. (Solow´s model). Determinants of the speed of the product growth and average labour productivity and the basic equation of the growth accounting.

KEF/MFIN  International finance
The essence, elementary functions and assumptions of existence of international finance. Foreign exchange policy. Payment balance, foreign exchange reserves, payment rate, systems of foreign exchange rate, international movement of funds, short-term and long-term capital. International system of payment, its forms and tools. International monetary and financial cooperation, current international monetary system, international monetary institutions.

KEF/MIKR2  Microeconomics 2
Models in economy. Paret´s effectiveness. Budget limitation, consumer´s preferences, indifference curves, limit rate of substitution. Function of utility, marginal utility. Demand. Substitutes and complements. Revenue consumer´s curves. Engels´curves. Cobb-Douglas´ preferences. Shown preferences. Indexes. Substitution and income effect. Examples. Purchase and sale. Slutsky´s equations. Consumption in time, inflation influence, current value. Savings. Assets markets. Rate of returnability, uncertainty, risk, measuring risk. Consumer surplus, producer surplus. Market demand. Discrete funds, elasticity. Marginal income. Laffer´s curve. Comparative statics. The role of taxes. Company´s behaviour. Technology, production function. Marginal product. Maximizing profits, profit from long-term perspective. Minimizing expenses.

KEF/POJ  Insurance system
Elementary terms in insurance system. A brief history of insurance systems. Insurance law. Organizing and management of insurance systems. Economy of insurance and safeguarding. Fields and types of insurance. Business in insurance systems. Operations in insurance systems.

KEF/PRXB  Internship - banking industry
The internship objective is confrontation of theoretical acquired knowledge with real situations in day-to-day operations. Analysis of differences between theory and practice and possible solution suggestions. The effects of internship are recommended to be used in the bachelor thesis. Participation in the faculty research tasks can also be accredited.

KEF/SBPB  Bachelor thesis seminar - B
Specifying the contents and range of the bachelor thesis - choice and usage of methods of computation technology for processing the thesis - methodology of the progress in dealing with the thesis - quantification and choice of materials for necessary for processing the topic of the thesis - expert consultations.

KEF SBZP  Bachelor state exam B
Topics of the state bachelor exam to be updated by the Economics And Finance Department.

KEF/SBZEK  Bachelor state exam in economics
Topics of the state bachelor exam to be updated by the Economics And Finance Department.

KEF/SE1  World Economics 1
General categories of international economic relationships. Theoretical basics. World economy, main development stages. Internationalisation of the world economy. Global production basic questions. World production, basic natural and human preconditions and structure. International economic and monetary relationships. International monetary system. Developed market economies and their position in the world economy. Three centres of the world economy - USA, Japan, EU. West European integration processes - precondition of creating united Europe. The conception of the European economic process. European Union Treaty Maastricht. Developing market economies and their position in the world economy. Main tendencies and problems of the developing world. Significant features and problems of the main developing regions. Economic-political adaptation strategy of the countries of central and East European countries in the second half of 90s.

KEF/SZEK  State exam in economics
Topics to be assigned by the appropriate department. Basic questions in subjects Microeconomics 2 and Macroeconomics 2 and other selected issues are included.

KEF/VPEKK  The problems of economy and its transformation
The Czech Republic and its basic economic indicators. The objectives of the macroeconomic policy of the Czech Republic in the period of the economic transformation. The development of production and employment. Liberalisation of prices and of foreign trade. Competition in the Czech Republic and structural policy. Assumed trends of the economic policy of the state.

KEF/ZZC  Closing examination - certificate programme
The contents of the closing examination - certificate programme includes selected topics from the relevant subjects of the programme (to be assigned by the department responsible).

KEF KEU KIP KJA KMO KPR KSO   CECEV SVRR

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