国外金融前沿问题研究 课程教学大纲

1、国外金融前沿问题研究（双语）课程简介课程编号1240343016课程名称国外金融前沿问题研究（双语）课程性质任选学 时48学 分3学时分配授课：48 实验： 上机： 实践： 实践（周）：考核方式开卷考试，平时成绩占30% ，期末成绩占70% 。开课学院经济学院更新时间 适用专业金融学专业先修课程货币银行学、证券投资学、国际金融课程内容：国外金融前沿问题研究是金融学专业的任选课程。课程介绍了许多金融理论的热点问题，其中很多理论目前是没有确定性结论的，例如，行为金融学只是对当前的主流经济理论提出了一些质疑和攻击，但是并没有形成自己的一套完整的理论；通过通货膨胀钉住的货币政策框架分析，可以让学生思考

2、该政策在中国的适用性。讲授金融脆弱性问题，分析中国的金融形势，通过讲授论文让学生体会到经济学的研究方法，分析资产证券化问题并介绍资产证券化在中国的前景。介绍对冲基金以及对冲基金的操作手法，如何形成东南金融危机。这门课还介绍了银行资本监管、非对称信息在银行也中的应用、资产价格与货政策，通过这门课的学习可以在很大程度上拓宽学生知识面，使学生对当前金融问题有所了解。Brief Introduction Code1240343016TitleResearch of Foreign Financial Frontier Problems（Bilingual）Course natureOptionalSe

3、mester Hours48Credits3Semester Hour StructureLecture：48 Experiment： Computer Lab： Practice：Practice (Week)：AssessmentOpened book examination, usually results accounted for 30%, the final grade accounted for 70%.Offered bySchool of EconomicsDate2012-9forFinance ProfessionalsPrerequisiteMoney and Bank

4、ing, Securities Investment, International FinanceCourse Description: This course is the optional subject for the college students of finance professional. This course introduces the hot points of finance theory, many of theories there are not definite conclusions, for example the theory of Behavior

5、finance just put forward some attacks to the traditional economic theory but it didnt form a whole theory, through the study of inflation targeting which can make the students study the applicability of this policy in China. Introduce finance frangibility analyze the finance situation in China and p

6、aper introduction can make the students know about he study method about economics. Analyze the asset securitilization problem and introduce the future of asset securitilization in China. Introduce hedge funds and the operation method of hedge funds which make finance crisis in Asia. This course int

7、roduce bank capital supervision, application of asymmetry information in banking industry, capital price and monetary policy, so this course can broaden the students knowledge field and make the students have a certain degree knowledge to this class.国外金融前沿问题研究（双语）课程教学大纲课程编号1240343016课程名称国外金融前沿问题研究（双

8、语）课程性质任选学 时48学 分3学时分配授课：48 实验： 上机： 实践： 实践（周）：考核方式开卷考试，平时成绩占30% ，期末成绩占70% 。开课学院经济学院更新时间 适用专业金融学专业先修课程货币银行学、证券投资学、国际金融一、教学内容Topic One: Financial Fragility 1. The Internal Mechanism of Financial Fragility1.1 What is Financial Fragility?1.2 Financial Fragility in Traditional Credit Market1.3 Financial F

9、ragility in Financial Market2. Financial Liberalization and Financial Fragility2.1 What is Financial Liberalization?2.2 Relationship between Financial Liberalization and Financial Fragility2.3 Interest Rate Liberalization and Financial Fragility2.4 Operation Liberalization and Financial Fragility2.5

10、 Market Access Liberalization and Financial Fragility2.6 Free Capital Flow and Financial Fragility3. Financial Fragility and Financial Crisis3.1 The Measurement of Financial Fragility3.2 What is Financial Crisis?3.3 Evolution Mechanism from Financial Fragility to Financial Crisis4. The International

11、 Experience and Lssons of Management of Financial FragilityCase Study1: Applying the Lessons of Subprime Mortgage Lending to Emerging EconomiesCase Study2: Bubble Economics and Banks Dynamic of Japanese5. Management of Financial Fragility in Our Country教学难点：Financial Fragility and Financial Crisis教学

12、重点：The Internal Mechanism of Financial FragilityTopic Two: Behavioral Finance1. Foundations of Finance: Asset Pricing, Market Efficiency, and Agency Relationships1.1 Introduction1.2 The Pricing of Risk1.3 Market Efficiency1.4 Agency Theory1.5 From Rationality to Psychology2. Prospect Theory2.1 Intro

13、duction2.2 Prospect Theory2.3 Framing2.4 Mental Accounting2.5 From Theory to Practice3. Heuristics and Biases3.1 Introduction3.2 Perception, Memory, and Heuristics3.3 Familiarity and Related Heuristics3.4 Representativeness and Related Biases3.5 Anchoring3.6 Irrationality and Adaptation3.7 Looking A

14、head4. Overconfidence4.1 Introduction4.2 Miscalibration4.3 Other Strains of Overconfidence4.4 Factors Impeding Correction4.5 Looking Ahead to Financial Applications5. Emotional Foundations5.1 Introduction5.2 The Substance of Emotion5.3 A Short History of Emotion Theory5.4 Evolutionary Theory5.5 The

15、Brain5.6 Emotion and Reasoning5.7 Our Minds, Bodies, and Emotion5.8 Looking Ahead6. Individual Investors and the Force of Emotion6.1 Introduction6.2 Is the Mood of the Investor the Mood of the Market?6.3 The Disposition Effect6.4 House Money6.5 Affect7. Social Force: Selfishness or Altruism7.1 Intro

16、duction7.2 Homo Economicus7.3 Fairness, Reciprocity, and Trust7.4 Social Influence Matter7.5 Conformity7.6 Social Behavior and Emotion7.7 Social Behavior and Evolution8. Behavioral Explanations for Anomalies8.1 Earnings Announcement and Value vs. Growth8.2 What is Behind Momentum and Reversal?8.3 Ra

17、tional Explanations教学难点：Prospect Theory教学重点：Building Blocks of Behavioral Finance and Behavioral Explanations for AnomaliesTopic Three: Multinational FinanceCase Study1: Revaluing the Chinese YuanCase Study2: Turkeys Kriz Case Study3: The Venezuelan Bolivar Black MarketCase Study4: Iceland and the G

18、lobal Capital MarketsCase Study5: Xian-Janssen Pharmaceutical (China) and the Euro教学难点：Case Study5: Xian-Janssen Pharmaceutical (China) and the Euro教学重点：Case Study 2: Revaluing the Chinese Yuan二、教学要求Topic One: Financial Fragility教学要求： 理解金融脆弱性与金融自由化、金融危机的关系，了解国际金融危机产生的背景及对中国的启示，掌握金融脆弱性的内在机制。Topic Two: Behavioral Finance教学要求：了解理性人、经济人假设的理论前提以及存在的缺陷；了解行为金融学的起源、发展和前沿动态；把握心理学、行为学、试验经济学和行为经济学学科与行为金融学的相关性以及对该学科发展的意义；掌握和理解行为金融学的核心内容。 Topic Three: Multinational Finance教学要求：了解国际市场上关于货币金融的典型案例，了解跨国公司的国际金融市场运作，提高学生运用所学理论分析实际问题的能力