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Přehled problematiky lidského kapitálu a jeho vliv na hospodářský růst.Odhalení důležité souvislosti mezi systémem finančních toků, v rámci nichž dochází k nabývání lidského kapitálu (konkrétně pak souvislost zejména s problematikou financování terciárního vzdělání), a tím, jak se role lidského kapitálu projevuje i jak ji lze identifikovat či kvantifikovat.

Project management is a field in which risk management can be applied. There must be a business case for any project to recognize its benefits for the company. A business case generally uses point estimation of input parameters and evaluates financial criteria for individual variants such as the net present value, pay-back period or internal rate of return. A simulation enables to design a model for the business case analysis while making use of the probability distribution. The model then turns from a deterministic into a stochastic one. The Monte Carlo simulation method, calculating a large number of variants, is employed in projects. The simulation can identify major risk factors, assess their probability and the significance of the impact on the evaluated financial criterion. The analysis outputs suggested by the simulation are the fundamentals of proper risk management. The Crystal Ball simulation software was employed for the calculation in this thesis.

Abstract The goal of this diploma thesis is to explore the potential of Czech paintings as an alternative investment asset. Using hedonic model, I estimate the main sale price determinants such as painting technique, size, author, auction hall and the rate of return. Observed rate of return is than compared to global rate of return of art on one hand and to common investment tools such as gold and the Stock Exchange on the other. At the same time I examine the impact of GDP growth and inflation. I find a positive effect of GDP growth on the art market. After taking these questions into consideration I found, that even though art is associated with relatively low rate of return, it is eligible investment tool. Since it is unrelated to joint stock, it can serve as a convenient instrument of portfolio diversification. At the same time, Czech paintings may also serve as a very good store of value.

An idea of this diploma work is to describe a process of investment decision and capital budgeting in theoretical and practical way. A calculation of capital expenditures and mainly a prediction of financial incomes is considered as the most important phase of whole process. The calculated figures of capital expenditures and financial revenue serve for evaluation of certain investment. There is a lot of methods for evaluation of investments. They differentiate from each other by taking various factors like effects of investment into consideration. Few of them also calculate time, few of them not. Net present value, internal rate of return and payback period belong among the most used methods. The choice of way of investment financing is the next very important step. There is a lot of possibilities of investment financing. It usually depends on position and financial background of a company. It is necessary to decide, which financial source is the best and optimal for certain company. Recently, it is possible to use a support from funds of Europe Union. It is very administravely difficult to gain this grant, but it´s very lucrative source for companies because it can cover majority of initial investment and moreover it´s non-reversible. Key words: investment decision and capital budgeting, net present value, internal rate of return, payback period

The thesis is focused on fair tuition fees. It tries to explore more profoundly all the possible factors, which could be considered as important during the measuring benefits of higher education. Among these factors we can find p.e. Labour market success rate, unemployment and income level of graduates in employment. The other main theme of this thesis is the current situation concerning the funding of higher education in the Czech Republic and other EU countries. The issue of tuition fee is currently very actual and it is clear that proper financial cost analysis of studies and the possibilities of measuring return on investment in tertiary education are more than important. Therefore I present existing possibilities to measure return on investment and also to the following possibilities how to include and use the unemployment rate of graduates.

The thesis is focused on the evaluation of the consequences of building insulation educational facilities. The aim is to determine whether the construction insulation manifest themselves in the cost management of school facilities as well as in the cost management of the town district, which is their legal founded. Source data of the thesis are energy audits, documents containing data on actual heat consumption, publicly available data on the financial statements of educational facilities and district budgets. The final results confirmed that the insulation brought a positive impact on both the cost management of the surveyed kindergartens and the cost management of the district. So, the investment into insulation was spent effectively. This is also evidenced by the results of the payback period and net present value.

Thesis on residential investments into flats in selected towns and cities in the Czech Republic. This thesis provides a critical investment analysis and is a response to the systemic increases in property prices observed in recent years. These increases have fundamentally altered the profitability of rented flats across individual Czech cities and towns. Given that acquired flats are failing to meet profitability expectations, it is now vital to investigate how investment returns differ in selected Czech cities and towns. Based on the results of this thesis, investors may need to revise the location of their residential assets in order to maximise investment returns. The objective of this thesis is to make relevant calculations in order to determine the current return on residential investment into flats in selected Czech cities and towns. The secondary objective is to describe the matters associated with residential investments into flats. The analysis of profitability and term of return is derived from a database, which has been adjusted and evaluated according to appropriate statistical methods.