投資學（Investments）課程大綱 - 傅冶天

課程名稱

Course Title

(中文) “投資學”

for Undergraduates (科目代號000351031972)

(英文) Investments

授課教師

Instructor

傅冶天

開課單位

Departments

財管系

Finance Dept.

學分數

Credit(s)

3

修課對象

Target Students

Undergraduates

課程目標

Course Objectives

This introductory (but fast-paced) course provides a general survey of finance and investments. It emphasizes an intuitive, logically rigorous understanding of the theory and practice of financial markets, illustrating the concepts through examples and cases drawn from the public, private, and non-profit sectors.

課程大綱

Course Description

Topics covered include: present value analysis and discounting, diversification, the tradeoff between risk and return, market efficiency, pricing of stocks and bonds, the capital asset pricing model, term structure of interest rates, the principle of arbitrage, pricing of derivative securities (forwards, futures, and options), the use of derivatives for hedging, risk management, and the regulation of financial markets.

上課進度Weekly Course Schedule

1 Introduction to finance and financial markets

2 Present value and the opportunity cost of capital

3 Valuing financial securities: Bonds

4 Valuing financial securities: Equity

5 Diversification, risk, and return measures

6 Case: The State of South Carolina

7 Choosing a portfolio

8 The Capital Asset Pricing Model

9 Efficient markets

10 Case: Communications Satellite Corporation

11 Arbitrage

12 Case: Long-Term Capital Management

13 Risk management

14 Forward and futures contracts

15 Options

16 Case: Dozier Industries

17 Pricing of options

Final exam

教學方式

Instructional Method

Lecture

課程要求

Course Requirements

Investment is a quantitative discipline, usually given after financial management and basic accounting. We will focus on the intuition, but there will still be a fair amount of math/numerical computation involved. The course will assume an expertise with basic statistical analysis and with a spreadsheet package (Microsoft Excel, etc.) or a programming language.

評量方式Evaluation

Grading: Class Participation 10%

Written assignments 30%

Four Quizzes (some take-home, some in-class: 60%

教材及參考書目

Textbooks & Suggested Materials

The textbook for the course, Investments, 10th edition by Zvi Bodie, Alex Kane and Alan Marcus, McGraw-Hill Irwin, 2011, is available in bookstores. Other “Required Readings”, including cases, are available from the Course Materials Office as a course packet. Regular reading of financial news in publications such as The Wall Street Journal, The Financial Times or the Business pages of The International Herald Tribune is strongly recommended.

課程相關連結網址

Course Website

http://www.finance2012.pageout.net

備註

Remarks

None