【教学大纲（英文）】 投资学

Fin321InvestmentsAnalysis

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ProfessorGew-raeKim,Ph.D

UniversityofBridgeport

SchoolofBusiness

Fin321

InvestmentAnalysis

Fall2013

CourseSyllabus

ClassSchedule:8/27/2013-12/13/2013

MeetingDays/Time:TuesdayandThursday4:30pmto5:45pm

ClassLocation:MandevilleRoom#3

Instructor:Gew-raeKim,Ph.D.Department:Finance

Office:MandevilleHall-Room6

Phone:203-576-4372

E-Mail

HYPERLINKmailto:gewraek@

gewraek@KimGewrae@

OfficeHours:Tu1:00-2:30&Th1:00-2:30orbyappointmentMailingAddress:SchoolofBusiness

230ParkAvenueUniversityofBridgeportBridgeport,CT06604

CourseMaterials

RequiredMaterials:

1.ClassNotepak

2.ClassHandouts

RecommendedReading

WallStreetJournal&Barron's

Investment:McGraw-HillIrwinbyBodie,KaneandMarkus

AdvancedModelinginFinanceUsingExcelVBA:Jackson,JohnWileyISBN:0-471-49922

BuildingFinancialModels:JohnS.Tjia,McGrawHillISBN:0-07-140210-1

TomorrowGold:AsiaAgeofDiscovery,CLSALtd.ByMarcFaber

A.GeneralCourseInformation

1.CourseDescription

Thiscourseisintendedtoprovideapracticalandtheoreticalmarketvaluation-orientedframeworkforanalyzingfinancialdecisionproblemsfacedbyInvestors.LecturesandreadingswillprovideanintroductiontoMarkowitzdiversificationconcept,PortfolioAnalysis,CapitalAssetPricingModel(CAPM),ArbitragePricingTheory(APT).

AndthenewlydevelopedDerivativeSecurities,likeInterestRateSwap,OptionsandFutures,includingStocksandFixedIncomeSecuritiesandrelatedComputertopics.ThiscoursealsodealsseveralcasestudiesonDerivativeSecurities.ThiscoursealsowillcovertopicsonFinancialEngineeringforthenewfinancialinnovations.

2.IntendedAudience

UndergraduateStudentsattheUniversityofBridgeport

3.CourseObjective

Thiscoursewilldeliverthebasicconceptofsecurities,includingstocks,bond,futures,swaps,andoptions,theirvaluationtechniques,strategiesusingderivatives.Bydoingso,studentswillbefamiliarizedwithnewderivativesandstrategiesandbereadytoanalyzeandmanageanyrisksinfinancialinvestmentsdecisionmaking.

Thiscoursemakesstudentsunderstandbasicconceptsofinvestmentsecuritiesandstrategiesandhowtouseit.Howtomanagetheirrisk,eventuallydevelopandlearntoolsforRiskControlwaysinfinance.Theywillalsolearnvaluethesecuritiesincludingderivativescorrectlytoapplytovariousfinancialdecisionmakingtoevaluateanyfinancialclaim.Variousstrategiestomanageriskandtogetriskarbitrageswillbeintroducedandstudentwillhaveapracticewithreal-worlddata.Bytheendofthiscourse,studentswillbeabletovaluevariouskindsofoptionsanddesigntheirownoptionstrategiesincludingarbitragestrategies.

Fin321InvestmentsAnalysis

B.Prerequisite

BasicIntroductiontoFinanceandBasicknowledgeandunderstandingofPresentValueandFutureValueofMoney.

C.ModeofInstruction

Lectureandclassroomproblemsolving.AssignmentsandExamwillbebasedproblemsolvingtechnique.

D.StudentResponsibilities

1.AcademicHonestyStandards.

ItisthestudentsresponsibilitytofamiliarizehimselforherselfwithandadheretothestandardssetforthinthepoliciesoncheatingandplagiarismasdefinedinChapter2and

5oftheKeytoUB

HYPERLINK/pages/2623.asp

/pages/2623.aspo

rtheappropriategraduateprogramhandbook.

2.Classparticipation.

Studentsareexpectedtoarriveforclassontimeandparticipateinassignedclassroomactivities.

3.Assignments.

Assignmentswillbegivenasthecoursematerialispresented.

4.InstructionsforAssignmentsandPapers.

Allassignmentsandpapersmustbepresentedinneatmannerandmaybehandwrittenorcomputergeneratedandsubmittedbyemails.

5.LateWork.

Lateworkwithoutgoodreasonwillbepenalized..

6.StudyHours.

Studentsshouldplantospendatleasttwohoursofindependentstudyforeachhourofclasslectures.

7.ElectronicDevices.

Laptopcomputersarewelcomeandrecommended.Cellphonesmaynotbeusedandmustbeturnedoffwhileinclass.

8.Integrity.

Cheating,plagiarismandunauthorizedcollaborationmayresultinagradeofFforthecourse.

E.Grading

GradeBreakdown

Homework:

15%

ClassParticipationandAttendance:

10%

Midterm:

25%

Final:

50%

GradingScale:

90-100A

80-89B

70-79C

60-69DBelow60F

Topic

TopicDescription

1ExpectedReturnandRiskofSecurities

2SecurityMarketsandCompanies

3OptionsandFuturesValuationandApplications

4FixedIncomeSecuritiesandSub-PrimeCrisis

5MutualFundsandHedgeFunds

6DurationandBondValuation

7StockValuationandAnalysis

8SpotandForwardRatesandSWAP

9DiversificationandPortfolioTheorybyMarkowitz

10CapitalAssetPricingModel(CAPM)bySharpe

11ArbitragePricingTheory(APT)byRoss

12Futures:Backwardation,Contango,BasisRisk

13AssetAllocation

14PerformanceEvaluation:Sharpe`sAlpha...

15SW