Executive MBA Program
Syllabus 課程大綱
Investment Policies Management
(投資決策管理)
Summer 2009
Professor:
Jie-Haun Lee 李志宏
Class hours: 09:10-12:00 13:10-16:00 Sat.
Office hours:
2:00 p.m.-4:00 p.m. Tue. or by appointment
Phone:
Ext. 81116
I.
Course Objectives
This course is to prepare students for familiarity with the theory and
practice relevant to investment policies management.
The primary emphasis of
the course is on investment strategies and management, but other
investments will be included. The major topics treated are:
II.

Investors’

The relation between risk and return;

Market efficiency;

Investment analysis;

Investment instruments

Asset allocation;

Portfolio management and investment strategies

Investors’

performance evaluation
perception of risk;
behavior
Grading Policy
There are two main components to the grade in this class: class
participation, and a final examination.
This class requires the full commitment of students including pre-class
preparation and in-class participation. The weighting of class participation
will be 80%.
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The remaining 20% of the course grade involves a case analysis report.
The report should
be a practical case study and analysis related to the topics in the class. The students will work in
groups and have to present their proposals and complete report within and at the end of this class.
The report should be turned in at the last class.
III. Groups
Students will work in groups on pre-class discussion and case analysis
reports. Groups will be pre-assigned by the instructor.
Each group
basically consists of five to six students.
IV. Course Outline
1. Introduction: 金融海嘯後之投資策略思維 (Lecture and Discussion)
2. Harvard Case 1: Subprime meltdown American Housing and Global
Financial Turmoil
(09:10-10:00: Group Discussion, Location: Discussion Room;
10:10-12:00: Class Case Study)
3. Harvard Case 2: Investment Policy at the Hewlett Foundation (2005)
( 13:10-14:00: Group Discussion, Location: Discussion Room;
14:10-16:00: Class Case Study)
4. Harvard Case 3: BEA Associates Enhanced Equity Index Funds
(09:10-10:00: Group Discussion, Location: Discussion Room;
10:10-12:00: Class Case Study)
5. Harvard Case 4: The Harvard Management Company and
Inflation-Protected Bonds
( 13:10-14:00: Group Discussion, Location: Discussion Room;
14:10-16:00: Class Case Study)
6. Harvard Case 5: Yale University Investments Office: July 2000
(09:10-10:00: Group Discussion, Location: Discussion Room;
10:10-12:00: Class Case Study)
7. Harvard Case 6: Pine Street Capital
( 13:10-14:00: Group Discussion, Location: Discussion Room;
14:10-16:00: Class Case Study)
8. Harvard Case 7: Dimensional Fund Advisors—2002
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(09:10-10:00: Group Discussion, Location: Discussion Room;
10:10-12:00: Class Case Study)
9. Harvard Case 8: Pension Policy at the Boots Co. PLC
( 13:10-14:00: Group Discussion, Location: Discussion Room;
14:10-16:00: Class Case Study)
10. Harvard Case 9: Behavior Finance at JP morgan
(09:10-10:00: Group Discussion, Location: Discussion Room;
10:10-12:00: Class Case Study)
11. Harvard Case 10: First American Bank: Credit Default Swaps
( 13:10-14:00: Group Discussion, Location: Discussion Room;
14:10-16:00: Class Case Study)
12. Presentation and Discussion of Case Analysis Reports
V.
Reference Books
1. Bodie, Kane and Marcus, 2006, Investments, 7th Edition, Irwin.
2. 谢劍平，2003，現代投資學—分析與管理，智勝文化。
VI. Handouts
Handouts such as cases, case question, class notes and other reading
materials will be provided in advance of the class.
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