Course Syllabus
YONSEI INTERNATIONAL SUMMER SCHOOL 2011
INTRODUCTION TO INVESTMENT MANAGEMENT
CREDIT
INSTRUCTOR
OFFICE
OFFICE HOURS
TIME
CLASSROOM LOCATION
E-MAIL
Edward Wong
ewong.yonsei@yahoo.ca
* Please leave the fields blank which haven’t been decided yet.
[COURSE INFORMATION]
COURSE DESCRIPTION
& GOALS
This is an introduction course to the fundamental theory and techniques of investment management. It will
It will cover the capital markets, risk and returns, and the analysis and valuation of stocks, bonds and
derivatives.
The essentials will be stressed. This course is appropriate for students who will major in business
or liberal arts students that are interested in the principles of investments and the capital markets.
PREREQUISITE
COURSE REQUIREMENTS
Financial Calculator
Recommended: HP 12C (supported by course)
or
TI BAII (self-taught)
It is suggested that the calculator be purchased before the start of the course.
GRADING POLICY
Assignments/ quizzes
Mid-term
Final
Total
20
30
50
100%
Bonus participation marks may be given when merited
TEXTS & REFERENCES
INSTRUCTOR’S PROFILE
“Essentials of Investments”, Bodie, Kane and Marcus, McGraw-Hill, 8th edition, 2010.
(ISBN 13: 978-0-07-338240-1)
The Instructor is Canada-based and teaches at the John Molson School of Business, Concordia
University in Montreal and has also taught at York University, Toronto. He is the recipient of
Teaching awards from both Schools and is pleased to be back at the Yonsei International Summer
School program for the fifth year.
Course Syllabus
YONSEI INTERNATIONAL SUMMER SCHOOL 2011
[WEEKLY SCHEDULE]
* Your detailed explanations would be very helpful for prospective students to get a pre-approval for credit-transfer from
their home university in advance.
WEEK (PERIOD)
1 (06.27 ~ 07.01)
2 (07.04 ~ 07.08)
WEEKLY TOPIC & CONTENTS
COURSE MATERIAL & ASSIGNMENTS
Introduction
• Welcome
• course objectives
• grading
REFERENCE
Class #1
Investments: Background and issues
• real vs financial assets
• financial markets
• investment process
• players
• recent trends
chapter 1
Class #2
Asset Classes and Financial Instruments
• money markets
• bond market
• equities
• market indices
• derivatives
chapter 2
Class #3
Securities Markets
• how firms issue securities
• trading
• U.S. markets and Global markets
• Trading costs
• Margins and short sales
chapter 3
Class #4
Mutual Funds
• types
• costs
• exchange-traded funds
• performance
chapter 4
Class #5
Macroeconomic
• global economy
• domestic macroeconomy
• interest rates
• business cycles
• industry analysis
chapter 12
Class #6, #7
Equity Valuation
• valuation by comparables
• intrinsic
• dividend discount model
• price-earnings ratio
• free cash flow
chapter 13
Class #8
Course Syllabus
YONSEI INTERNATIONAL SUMMER SCHOOL 2011
WEEK (PERIOD)
WEEKLY TOPIC & CONTENTS
3 (07.11 ~ 07.15)
COURSE MATERIAL & ASSIGNMENTS
REFERENCE
Quiz #1
Class #9
Class #10
continued: Equity Valuation
• valuation by comparables
• intrinsic
• dividend discount model
• price-earnings ratio
• free cash flow
Financial Statement Analysis
• major statements
• accounting vs economic earnings
• ratio analysis
• economic value added
4 (07.18 ~ 07.22)
chapter 14
Class #11
Mid-Term exam
Class #12
Class #13
Cont’d:
Financial Statement Analysis
• major statements
• accounting vs economic earnings
• ratio analysis
• economic value added
Bond Prices and Yields
• bond characteristics
• bond pricing
• bond yields
chapter 10
Class #14, #15
Globalization and International Investing
• global markets
• risk factors
• international investing
chapter 19
Class #16
Quiz #2
Class #17
5 (07.25 ~ 07.29)
Cont’d: Globalization and International
Investing
• global markets
• risk factors
• international investing
Class #18
Options Markets
• option contract
• value of option
• option valuation
Class #19, #20
Course Syllabus
YONSEI INTERNATIONAL SUMMER SCHOOL 2011
WEEK (PERIOD)
6 (08.01 ~ 08.04)
WEEKLY TOPIC & CONTENTS
COURSE MATERIAL & ASSIGNMENTS
REFERENCE
Risk and Return
• rates of return
• risk premiums
• historical record
• asset allocation
chapter 5
Class #21
Review
Class #22
Final Examination
Class #23
Commencement
Class #24