Money

The definition of money, cash and cashless money, the origin of money, historical forms of money emission, the demonetisation process of gold.

Interest rate

The future value of current money, the current value of future money, the nominal and real interest rate, the yield curve.

The financial market

The financial market and its functions, subjects in the financial market, financial market segmentation, the foreign currency market.

The financial market structure

The financial market, the debtor, the creditor, the currency market, the capital market, the credit market, financial brokers, banks, non-bank financial brokers, the stock market, markets outside the stock market, the OTC market, the domestic financial market, international financial markets, foreign financial markets, Euromarkets.

Financial instruments and an investor’s decisions in the financial market

Financial market tools and their classification. An investor’s decisions on buying investment instruments. Return and profitability. Risk. Liquidity. The fundamental analysis. The technical analysis. The effective market theory.

An investor’s decisions on buying financial instruments

Dividend, return on capital, overall return, profitability, rate of return, systematic risk, unique risk, currency, inflation, interest, economic and political risks, financial and real asset liquidity.

A business bank

A bank, a business bank, an investment bank, a building society, a mortgage bank, a savings and credit cooperative, a financial broker, an insurance company, a pension fund, an investment fund, a mutual fund, a one-level bank system, a two-level bank system, the system of universal banking, the system of divided banking, the system of mixed banking, the balance of a business bank, Profit and Loss.

The central bank

The central (emission) bank, the two-level bank system, the one-level bank system, the balance of the central bank, the0020banking regulation and control, the lender of last resort.

Monetary policy of the central bank – an extended analysis

Monetary policy, goals of the monetary policy, monetary policy tools, direct (administrative) monetary policy tools, indirect (market) monetary policy tools, free market operations, repo operations, the discount policy, the discount rate, the re-discount rate, the Lombard rate, the exchange (currency) interventions, the obligatory minimum reserve, the currency stability, the price level stability, the transmission mechanisms of monetary policy.

Money demand – an extended analysis

The money demand, the transaction version of the quantitative money theory, the income version of the quantitative money theory, the liquidity preference theory, the nominal and real money demand. Keynes and Friedman approach to money demand. The relation between the interest rate and other financial asset prices.

The payment balance – an extended analysis

The payment balance, the foreign exchange resident, the foreign exchange foreigner, the foreign exchange collection, the foreign exchange payment, international movement of goods and services, international movement of capital, foreign exchange reserves, the trade balance, the performance balance, the current balance, the capital account of the trade balance, the financial account of the trade balance, balance of payments. Foreign debt.

The exchange rate – an extended analysis

The exchange rate, the foreign exchange rate. Fixed exchange rates. Free floating exchange rates, controlled floating exchange rates. Models of determining the exchange rate.