1. 課程名稱：企業評價與實質選擇權 (Corporate Valuation and Real Options)
2. 學分數：3
3. 課程編號：521 M6540
4. 授課教師：荷世平
5. 課程目標：This course aims to introduce modern theories in corporate valuation and real options and their applications in engineering financial decision making. Managers in Architectural/Engineering/Construction industries or BOT project promoters face the valuation of a corporation, project, or construction contract, and the results of the valuation process will have crucial financial impacts on the manager or promoter’s organizations. In this course, classical corporate valuation techniques will be introduced. Students will also learn the advanced valuation technique, namely, real options, which is appropriate for complex engineering financial decision making. The course will be taught in English.
6. 課程內容概要：
Note: This course will be seminar oriented. We will study many important papers in asset pricing. Each student is expected to read 12-15 papers and present at least 4 papers. You should consider this course as an advanced course. Fundamental knowledge in financial management, investment, or corporate finance is desired. Papers will be covering the following topics.
(1). Consumption-based pricing model
(2). Capital asset pricing model
(3). Option pricing theory
(4). Capital structure
(5). Behavioral Economics/Finance
(6). Market Efficiency
(7). Estimating and evaluating asset pricing models


7. 成績計算方法：
15% Participation
25% Assignment
60% Term project

8. 教科書：
Cochrane, J. H. (2001). Asset Pricing. Princeton University Press. (雙葉書局)
Assigned papers.

9. 適合選修對象：研究生
10. 先修課程：經濟學或工程經濟