2020 Investments in securities I

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Academic unit or major
Graduate major in Technology and Innovation Management
Instructor(s)
Doi Kazuto  Nakamaru Mayuko 
Course component(s)
Lecture
Mode of instruction
ZOOM
Day/Period(Room No.)
Tue11-12(Zoom)  
Group
-
Course number
TIM.A536
Credits
1
Academic year
2020
Offered quarter
3Q
Syllabus updated
2020/10/5
Lecture notes updated
-
Language used
Japanese
Access Index

Course description and aims

This course covers “security investments”, a main subject of finance courses in business school in the US and Europe as well as “corporate finance”. “Security Investment I” mainly discusses various types of asset valuation models.
This course aims that students will be able to understand the nature behind price movements and events in the financial markets by gaining solid understandings of financial systems, asset classes, asset valuation theories and portfolio theory.

Student learning outcomes

Students will learn the following skills from taking this course.
1) Be able to explain financial system, asset classes
2) Be able to explain basic theory of asset valuation and models
3) Be able to explain the idea of efficient market hypothesis
4) Be able to consider the nature behind price movements and events in the financial markets by themselves

Course taught by instructors with work experience

Applicable How instructors' work experience benefits the course
An instructor with work experiences in the asset management industry will provide hands-on education in finance theory, based on practice in the field that features the practical application of the theories.

Keywords

Asymmetric information, Portfolio, Risk, Risk Premium, Diversification, Arbitrage, Efficient Market Hypothesis

Competencies that will be developed

Specialist skills Intercultural skills Communication skills Critical thinking skills Practical and/or problem-solving skills

Class flow

Lecture style with some class interactions with quiz and financial news. Students are encouraged to participate actively. Welcome questions in class

Course schedule/Required learning

  Course schedule Required learning
Class 1 Financial markets and playes To understand financial system
Class 2 Risk and investors’ preference To understand risk and expected utility
Class 3 Portfolio theory1 To understand portfolio theory by Markowitz
Class 4 Portfolio theory2 ditto
Class 5 The Capital Asset Pricing Model To understand CAPM
Class 6 Multi-factor models and Arbitrage pricing theory To understand arbitrage pricing theory
Class 7 Risk neutral pricing To understand more general pricing theory

Out-of-Class Study Time (Preparation and Review)

To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.

Textbook(s)

No text book is set.

Reference books, course materials, etc.

Investments/Zvi Bodi et al.
Shin-Shouken Touhiron I/ Takao Kobayashi and Toshio Serizawa
Shin-Shouken Touhiron II/ Keisuke Ito et al.

Assessment criteria and methods

Report and quiz: 100% Active class participation can be plus

Related courses

  • TIM.A537 : Investments in securities II
  • TIM.A534 : Corporate Finance I
  • TIM.A535 : Corporate Finance II

Prerequisites (i.e., required knowledge, skills, courses, etc.)

None required

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