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課程概述 |
This course provides an introduction to the principles of modern finance.
Specifically, we will be discussing how one can evaluate financial instruments and projects. Also, we will talk about how to price various financial instruments,including stocks, bonds, derivatives, etc. The topics can be broadly divided into the following major areas. The first is called valuation. This part of the course involves learning the concepts and techniques necessary to evaluate the cash flow
of projects. A sample of topics covered within this part of the course includes the time value of money, NPV, internal rate of return, stock prices, bond prices, etc. All of these concepts are used to evaluate the relevant projected cash flows of an investment. The second part of the course focuses on the relationship between
risk and return. Sample topics include market efficiency, concepts of risk, diversification, portfolio theory, Capital Asset Pricing Model, and behavioral finance. The concepts we cover in risk and return will have critical implications for valuation. |
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參考書目 |
Most of the knowledge you will need for this class will be in class lectures/slides
and cases. However, if you have any finance training, I strongly encourage you to
purchase a textbook for more background knowledge and detail.
My lectures follow closely the following textbook:
Berk and DeMarzo, Corporate Finance, Pearson
If you would like to purchase a copy, the TA would be happy to take your order and have the dealer send it to the classroom. |