Course【课程名称】: Investments
Course Description【课程简介】:
The focus of this course is on the financial theory and empirical evidence that are useful for investment decisions.This course aims to provide students with the knowledge of five perspectives: (a) financial theories including portfolio theory, the capital asset pricing model and the arbitrage pricing theory, (b) empirical evidence in the equity and equity options markets, (c)introduction to fixed-income and credit sensitive instruments, (d)market efficiency and "active" investments, and (e)brief introduction to behavioral finance.
Objectives【课程目标】:
The main objective of this class is to providestudentswith three elements:
•The ability to transform a real life investment problem into an analytically tractable model.
•Quantitative skills. Students are expected touse the mathematical techniques such as optimization, dynamic programming, probability theory and statistical analysis to dealwith complex investment problems.
•Understand the empirical evidence from all types of financial markets.
Course Content【课程内容\课程大纲】:
1. Introduction
The Investment Environment; Asset Classes and Financial Instruments; How Securities Are Traded;Mutual Funds and Other Investment Companies
2. Portfolio Theory and Practice
Risk, Return, and the Historical Record; Capital Allocation to Risky Assets; Optimal Risky Portfolios; Index Models
3. Equilibrium in Capital Markets
The Capital Asset Pricing Model; Arbitrage Pricing Theory and Multifactor Models of Risk and Return; The Efficient Market Hypothesis; Behavioral Finance and Technical Analysis;Empirical Evidence on Security Returns
4. Fixed-Income Securities
Bond Prices and Yields;The Term Structure of Interest Rates; Managing Bond Portfolios
5. Security Analysis
Macroeconomic and Industry Analysis; Equity Valuation Models; Financial Statement Analysis
6. Options, Futures, and Other Derivatives
Options Markets: Introduction; Option Valuation; Futures Markets; Futures, Swaps, and Risk Management
7. Applied Portfolio Management
Portfolio Performance Evaluation; International Diversification; Hedge Funds; The Theory of Active Portfolio Management; Investment Policy and the Framework of the CFA Institute

【课程名称】: 投资学
【课程介绍】:
本课程主要讲授用于投资决策的理论和实践知识。主要知识涉及五个方面：（a）金融理论，如投资组织理论、资产定价模型、套利定价理论；（b）股权和股票期权市场；（c）固定收益和信用敏感工具；（d）市场效率和积极投资；（e）行为金融的相关介绍。
【课程目标】:
该课程拟通过学习使学生掌握三方面的技能：
一是将真实世界的投资问题转化成可分析处理的模型；二是掌握一些定量分析技能，使用数学工具来分析和处理复杂的投资问题；三是理解不同金融市场的各类经验性证据和实践现象。

【课程内容\课程大纲】:
1.绪论
投资环境；资产类别与金融工具；证券是如何交易的；共同基金与其他投资公司
2.资产组合理论与实践
风险与收益入门及历史回顾；风险资产配置；最优风险资产组合；指数模型
3.资本市场均衡
资本资产定价模型；套利定价理论与风险收益多因素模型；有效市场假定；行为金融和技术分析；证券收益的经验根据
4.固定收益证券
债券的价格与收益；利率的期限结构；债券资产组合的管理
5.证券分析
宏观经济分析与行业分析；股权估价模型；财务报表分析
6.期权、期货及其他衍生证券
期权市场介绍；期权定价；期货市场；期货与互换的详细分析
7.应用资产组合管理
资产组合业绩评估；投资国际分散化；对冲基金；积极的资产组合管理理论；投资政策与CFA组织框架