【課程教學(xué)大綱】《投資學(xué)》教學(xué)大綱

1、投資學(xué)課程簡介課程編號1240163006課程名稱投資學(xué)課程性質(zhì)必修學(xué) 時48學(xué) 分3學(xué)時分配授課：48 實驗： 上機(jī)： 實踐： 實踐（周）：考核方式閉卷考試，平時成績占30% ，期末成績占70% 。開課學(xué)院商學(xué)院更新時間XX年9月適用專業(yè)商學(xué)院財務(wù)管理專業(yè)先修課程經(jīng)濟(jì)學(xué)、會計學(xué)、管理學(xué)原理、財務(wù)管理課程內(nèi)容：本課程是雙語教學(xué)課程。所謂的投資指的是證券投資。證券投資是商品經(jīng)濟(jì)發(fā)展的必然產(chǎn)物，它的存在與發(fā)展，已經(jīng)成為現(xiàn)代市場經(jīng)濟(jì)的一個重要標(biāo)志。在全球經(jīng)濟(jì)一體化的發(fā)展和電腦等高新技術(shù)全面介入經(jīng)濟(jì)生活的條件下，證券投資對一國經(jīng)濟(jì)、區(qū)域經(jīng)濟(jì)，甚至全球經(jīng)濟(jì)的推動作用更是達(dá)到前所未有的程度，同時也對企業(yè)財

2、務(wù)管理產(chǎn)生重大的影響。鑒于此，投資學(xué)課程被定位于財務(wù)管理專業(yè)的專業(yè)選修課。課程著重講授現(xiàn)代投資學(xué)的原理和方法，內(nèi)容主要包括：1.證券與證券市場：掌握證券發(fā)行與承銷，上市與交易，股票價格指數(shù)等基本內(nèi)容；2.證券投資的基本面分析：掌握證券投資的宏觀分析、產(chǎn)業(yè)分析、上市公司分析、證券內(nèi)在價值評估等原理和方法；3. 證券組合投資理論與有效市場假說：掌握資本資產(chǎn)定價模型、套利模型、有效市場假說的原理和意義； 4. 證券投資的技術(shù)分析：介紹K線、切線、形態(tài)、波浪理論的基本原理和部分技術(shù)指標(biāo)；5.證券市場的監(jiān)管與自律：介紹我國證券發(fā)行、交易等環(huán)節(jié)的監(jiān)管制度。Brief Introduction Code12

3、40163006TitleInvestmentsCourse natureRequiredSemester Hours48Credits3Semester Hour StructureLecture：48 Experiment： Computer Lab： Practice：Practice (Week)：AssessmentClosed book examination, usually results accounted for 30%, the final grade accounted for 70%.Offered byBusiness SchoolDateXX-9forFinanc

4、ial Management (Business School)PrerequisiteEconomics, Accounting, Principle of Management, Financial ManagementCourse Description: The so-called investments are the securities investments. The securities investments are the product of commercial economy, whose existence and development is an import

5、ant symbol of modern market economy. With the development of global economic integration and all-round impact of high technology such as computers to economy, the securities investments improve not only the economy of one country, but also regional economy and global economy at an unprecedented pace

6、, giving profound impact to financial management in companies. In view of such circumstance, the course of securities investments is designed as an academic selective course. The course attaches importance to teach principles and methods, including: 1. Securities and securities market：the issue and

7、underwriting, listing and trading of securities, and stock price indexes etc；2.Fundamental analysis：the principles and methods of macroeconomic analysis, industry analysis and listed company analysis for securities investments; intrinsic value appraisal of securities etc；3. Technical analysis：basic

8、principle of candle line, trend, pattern and wave theory and some technical indexes;4. Efficient Market Hypothesis and Modern Portfolio theory.投資學(xué)課程教學(xué)大綱課程編號1240163006課程名稱投資學(xué)課程性質(zhì)必修學(xué) 時48課程性質(zhì)必修學(xué)時分配授課：48 實驗： 上機(jī)： 實踐： 實踐（周）：考核方式閉卷考試，平時成績占30% ，期末成績占70% 。開課學(xué)院商學(xué)院更新時間XX年9月適用專業(yè)商學(xué)院財務(wù)管理專業(yè)先修課程經(jīng)濟(jì)學(xué)、會計學(xué)、管理學(xué)原理、財務(wù)管理一、

9、教學(xué)內(nèi)容CHAPTER 1 INVESTMENTS: BACKGROUND AND ISSUESAfter studying this chapter, Students should have an understanding of the overall investment process and understand some key elements involved in the investment process. Students should understand differences in financial and real assets and be able to

10、 identify the major components of the investment process. Students should be able to describe a derivative security and understand how they are used in our markets after studying this chapter.Key points：Investments & Financial Assets；Types of SecuritiesDifficulties：Investments and InnovationCHAPTER

11、2 GLOBAL FINANCIAL INSTRUMENTSUpon completion of this chapter,Students should have a thorough understanding of the various financial instruments available to the potential investor. The student should have an insight as to the interpretation, composition, and calculation process involved in the vari

12、ous market indexes presented on the evening news. Finally, the student should have some understanding of the basics of options and futures contracts. Key points：Primary and Secondary Markets; Market Indexes; Basics of Options and FuturesDifficulties： Market IndexesCHAPTER 3 HOW SECURITIES ARE TRADED

13、After studying this chapter,The student should have considerable insight as to how securities are traded on both the primary and secondary markets.The student should understand the mechanics, risk, and calculations involved in both margin and short trading.The student should begin to understand some

14、 of the implications, ambiguities, and complexities of insider trading and the regulations concerning these issues.Key points：Over The Counter Activities; Margin Trading and Short SellingDifficulties：Short SellingCHAPTER 4 MUTUAL FUNDS AND OTHER INVESTMENT COMPANIESAfter studying this chapter,The st

15、udents should be able to identify key differences between open-end and closed-end investment companies. Students should be able to describe the expenses associated with investment in mutual funds and identify the major types of investment policies of mutual funds. Students should be able to describe

16、 services provided by mutual funds and be able to identify sources of information on investment companies.Key points：Investment Companies and Mutual FundsDifficulties： NAVCHAPTER 5 THE EFFICIENT MARKET HYPOTHESISAfter studying this chapter, the student should thoroughly understand the concept of mar

17、ket efficiency and how to make rational investment decisions based upon the existence of market efficiency. The student also should have a thorough understanding of the many tests of market efficiency, the forms of market efficiency, and observed market anomalies.Key points：The Forms of Market Effic

18、iencyDifficulties：The Implications of Market Efficiency for InvestorsCHAPTER 6 MACROECONOMIC AND INDUSTRY ANALYSISUpon reading this chapter, The student should have a thorough understanding of the macroeconomic factors that affect security prices. The student should understand the roles of fiscal an

19、d monetary policy in influencing interest rates. The student should also understand why some industry groups are more affected by macroeconomic factors than others.Key points：Macroeconomic and Industry Analysis; Industrial Life CycleDifficulties： Industrial Life CycleCHAPTER 7 EQUITY VALUATIONAfter

20、studying this chapter, The student should be able to value a firm using the appropriate dividend discount model and the dividend discount-derived price/earnings ratio. The student should understand the limitations of each of these models.Key points：Dividend Discount Model; Price/Earnings RatioDiffic

21、ulties：The Dividend Discount-Derived Price/Earnings RatioCHAPTER 8 FINANCIAL STATEMENT ANALYSISAfter studying this chapter, The student should be able to analyze a firm using the basic financial statements to perform ratio analysis. The student should be able to identify the source of problems over

22、time by decomposing the ROE using the Du Pont procedure. The student should also be able to identify comparability problems across firms due to the varying generally accepted accounting principles available to the firm.Key points：Decomposing the ROE Using the Du Pont Procedure; Comparability Problem

23、sDifficulties：Decomposing the ROE Using the Du Pont ProcedureCHAPTER 9 BEHAVIORAL FINANCE AND TECHNICAL ANALYSISAfter studying this chapter, The student should understand the concepts put forth in area of behavioral finance and be able to describe some of the behavior patterns that may lead to prici

24、ng errors. The student should understand and be able to use the various technical indicators presented in this chapter. The student should also understand the theoretical problems of technical analysis in a world of efficient markets.Key points：Behavioral Finance; Various Technical IndicatorsDifficu

25、lties：Candlestick Chart二、教學(xué)基本要求CHAPTER 1 INVESTMENTS: BACKGROUND AND ISSUESIn this chapter the student is introduced to the general concept of investing, that is, to forego spending cash today in the hopes of increasing wealth in the future. Real assets are differentiated from financial assets, and

26、the major categories of financial assets are defined. The risk/return tradeoff and the reality that most assets are efficiently (fairly) priced most of the time are introduced. The role of financial intermediaries is discussed as is the increased globalization of the financial markets.CHAPTER 2 GLOB

27、AL FINANCIAL INSTRUMENTSThis chapter describes the financial instruments traded in the primary and secondary markets. The various market indexes that are used as indicators of the market are also described. The chapter concludes with a discussion of options and futures.CHAPTER 3 HOW SECURITIES ARE T

28、RADEDThis chapter discusses how securities are traded on both the primary and secondary markets, with detailed coverage of both organized exchange and over the counter activities. Margin trading and short selling are discussed along with detailed examples of margin arrangements. The chapter discusse

29、s elements of regulation and ethics issues associated with security transactions.CHAPTER 4 MUTUAL FUNDS AND OTHER INVESTMENT COMPANIESThis chapter describes the various types of investment companies and mutual funds. The chapter discusses services provided by mutual funds and describes expenses and

30、loads associated with investment in investment companies. Investment policies of different funds are described and sources of information on investment companies are identified. CHAPTER 5 THE EFFICIENT MARKET HYPOTHESISThis chapter examines the concept of market efficiency, that is, in general, secu

31、rities are fairly priced and one cannot expect to outperform the market, risk-adjusted consistently over time. The implications of market efficiency for investors and studies of the efficient capital market hypothesis are presented in detail.CHAPTER 6 MACROECONOMIC AND INDUSTRY ANALYSISThis chapter

32、discusses the broad-based aspects of fundamental analysis-macroeconomic and industry analysis. Initially, the analysis is placed in a global context, as the performance of domestic firms is being influenced by international economic performance. However, the chapter focuses on aspects of the U. S. e

33、conomy that affect security returns. Factors such as leading, coincident, and lagging indicators are discussed. In addition, a thorough presentation of the determinants of interest rates is presented. The chapter concludes with a discussion of industry analysis, including information sources and the

34、 usefulness of the industrial life cycle in security analysis.CHAPTER 7 EQUITY VALUATIONThis chapter discusses the process of valuation of common stock. The relationships between intrinsic value and market and book values are presented. Various valuation techniques, and the strengths and weaknesses of these techniques are presented and discussed.CHAPTER 8 FINANCIAL STATEMENT ANALYSISThis chapter discusses the basic financial statements, the differences between accounting and economic income, return on equity (R