国际通识课程 28.Syllabus of Investments

来源:国际交流学院发布时间:2018-06-11

SYLLABUS OF INTERNATIONAL TRADE PRINCIPLES


SYLLABUS OF INVESTMENTS



Instructor: Yu Yi

Office Phone:  021-51278082

Email: yuyi_sisu@126.com

 Office: Room 823, Teaching Building, Hong Kou Campus


REQUIRED TEXT

Bodie.2012, Investments, 9th edition, China Machine Press.


DESCRIPTION

 This module is one of the major courses for students who are specialized in Finance study, therefore, this module is divided into three parts and mainly focus on portfolio theory.

This course aims at helping the students to lay solid fundamentals of research and work in the field of investment/securities in the future. This course enables to help the students understand and master the basic concepts and theories, strengthen their ability to engage in the theoretical research and practical work, to think independently, and to analyze and solve the problems.


OBJECTIVES

This course will be taught by using multi-medium, stressing basic concepts and basic theories, paying more attention to help the students to master the basic skills, applying portfolio theories into experimentalclasses in order to strengthen the ability to combine theories with practice, master the structure and contents of textbook, deepen the comprehension and application of basic knowledge so as to enhance the interest of their further study.

Upon satisfactory completion of the course, students should:

  • Be able to understand the concepts and principles of investment, portfolio theories and equilibrium capital market theories.

  • Enhance their ability to analyze and solve problems

  • Apply these theories to practice


COURSE ASSESSMENT

  • Class Attendance: 10%. Responsible attendance is expected of each individual enrolled in this course. Iwill circulate a sign-up sheet every day that we are scheduled to meet and you will forfeit one full percentagepoint for every unexcused absence beyond three. If you miss a lecture you  are responsible for obtaining anymissed notes and/or handouts on your own unless you are officially excused.

You may be officially excused from a class meeting for one of four reasons: (1) You have an illness that prevents you from attending class and a doctor's note to that effect; (2) You have a personal emergency like a death in the family and are either excused before class or can document the emergency afterwards; (3) You have a university sponsored obligation (participation in a sporting event or student organization sponsored project)and are excused before the examination or case presentation; or, (4) You have the absence officially excused in writing by the Dean of Finance.

  • Mid-term exam: 20%. This is an open-book examination which includes multiple choice and application problems (calculations). The questions come from the assigned reading material, the lecture notes, as well as classdiscussions and exercises.

  • Assignment: 20%. The students should finish the assignments such as key concepts, questions for review, problems and application in the related chapters, and hand in them on time.

  • Examinations: 50%.  There will be one final examinationduring this semester. The final exam paper will be presented with defining, short essay, and long essay questions.The questions will come from the assigned reading material, the lecture notes, as well as classdiscussions and exercises.


COURSE CONTENTS



Topics

Class  Hours


Week

1-2

  TOPIC ONE

  Investment environment

  • Real assets versus financial assets

  • Financial markets

  • Financial crisis 2008


  6



Week

3-4

  TOPIC TWO

  Asset classes and financial instruments

  • The money market

  • The bond market

  • Equity securities

  • Derivatives market


  6



Week

5-6

  TOPIC THREE

  How securities are traded

  • How firms issue securities

  • How securities are traded (types of market etc.)

  • Buying on margin

  • Short sales


  6



Week

7-8

  TOPIC FOUR

  Portfolio theory and practice

  • Introduction to risk, return and the historical record

  • Determinants of levels of interest rates

  • Risk and risk premium

  • Time series analysis of past rates of return

  • The normal distribution

  • Deviations from normality and risk measures


  6



Week

9-10

  TOPIC FIVE

  Risk aversion and capital allocation to risky assets

  • Risk and risk aversion

  • Capital allocation across risky asset and risk-free portfolios

  • Portfolios of one risky asset and one risk-free asset

  • Risk tolerance and asset allocation

  • Passive strategies


  6



Week

11-12

  TOPIC SIX

  Optimal risky portfolio

  • Diversificationand portfolio risk

  • Asset allocation with stocks, bonds and bills

  • The Markowitz portfolio selection model

  • Index model


  6



Week

13

  TOPIC SEVEN

  Review and mid-term exam



  3



Week

14-15

  TOPIC EIGHT

  Equilibrium in capital market

  • The capital asset pricing model

  • The CAPM and index model

  • Extension of CAPM model


  6



Week

16-17

  TOPIC NINE

  Arbitrage pricing theory and multifactor models of risk and return

  • Multifactor model

  • Arbitrage pricing model

  • Individual asset and APT

  • A multifactor APT


  6



Week 18

General Review and Final Examination


  3




Total Hours

54