Thesis focus on derivation of macro-finance model for analysis of yield curve and its dynamics using macroeconomic factors. Underlying model is based on basic Dynamic Stochastic General Equilibrium DSGE approach that stems from Real Business Cycle theory and New Keynesian Macroeconomics. The model includes four main building blocks: households, firms, government and central bank. Log-linearized solution of the model serves as an input for derivation of yield curve and its main determinants -- pricing kernel, price of risk and affine term structure of interest rates -- based on no-arbitrage assumption. The Thesis shows a possible way of consistent derivation of structural macro-finance model, with reasonable computational burden that allows for time varying term premia. A simple VAR model, widely used in macro-finance literature, serves as a benchmark. The paper also presents a brief comparison and shows an ability of both models to fit an average yield curve observed from the data. Lastly, the importance of term structure analysis is demonstrated using case of Central Bank deciding about policy rate and Government conducting debt management.

In this work we will deal with financial analysis of construction company and design possible solutions for stabilization. In the theoretical part of this work we will first focus briefly on the basic issues of macroeconomics, microeconomics, economic situation, especially in construction and perceive financial analysis of company. Based on this knowledge we will analyze a specific company and will draw possible solutions enabling us to achieve a profit or at least overcome the crisis period. For financial analysis will be the part of this work used primarily horizontal and vertical analysis ratios and analysis of financial statements.