32课时《证券投资学》课程教学大纲模版英文版

1、Syllabus of Corporate FinanceCourse Name：Corporate Finance Course Code： Credits：2 Total Credit Hours：32 Lecture Hours：26 Experiment Hours： Programming Hours：6 Practice Hours：Total Number of Experimental (Programming) Projects , Where, Compulsory ( ), Optional ( ).School：08School of Businesses Target

2、 Major：Non-Finance、Course Nature & Aims Investments is one of the important courses for the major of economic management in Colleges and universities determined by the Ministry of education of the peoples Republic of China. The task of this course is to enable students to master the basic concepts o

3、f securities investment tools, securities issuance and circulation procedures, the relationship between securities investment price, return and risk, preliminarily understand how to apply basic analysis methods and technical analysis methods to analyze the value of securities investment objects, so

4、that students can systematically Master the basic concepts, functions and systems of the securities market, portfolio theory, financial asset allocation, investment analysis and management, financial derivatives and fund management, investment performance evaluation and other professional knowledge,

5、 so as to lay the foundation for further systematic study of the theory of securities investment analysis and the practical operation of financial investment in the future.、Course Objectives 1. Moral Education and Character Cultivation. By studying the theoretical and practical knowledge of securiti

6、es investment, we can have a comprehensive understanding of Chinese financial market, especially the related knowledge of securities market. Through the explanation of the history of Chinese Securities and the establishment process of relevant theories and technologies, we can understand how the pre

7、decessors think in the development process of Chinas financial market, how to overcome the obstacles encountered, and help students establish scientific thinking methods and the spirit of bravely facing challenges in their work. From the perspective of the role of finance discipline in the innovatio

8、n driven development of China, with the research work of outstanding contributors as the carrier, we should integrate the education of socialist core values into the teaching content and all links of the whole teaching process, highlight the value guidance, knowledge teaching and ability training, h

9、elp students to correctly understand the historical laws, accurately grasp the basic national conditions, and grasp the scientific world outlook and methodology, Promote the establishment of correct world outlook and values.2.Course ObjectivesThrough the study of this course, students qualities, ski

10、lls, knowledge and abilities obtained are as follows：Objective 1. To master the basic knowledge of securities investment, such as the definition, characteristics, generation and development of various securities investment instruments, the specific operation of securities issuance market and trading

11、 market; to be familiar with the terminology and jargon of securities investment, such as short buying, short selling, ex dividend, ex right, empowerment, etc.; to understand the development process of Chinas capital market, important institutional arrangements, and the major reforms currently under

12、 way And important events that have happened and are happening in the capital market. (Corresponding to Lecture 1, and 2, supporting for graduation requirement index 2.1) Objective 2. Master the analysis methods of securities investment, including macro-economic analysis, industry analysis, listed c

13、ompany analysis, and know the technical analysis methods of securities investment. （Corresponding to Lecture 6, 7, 10, supporting for graduation requirement index 4.3）Objective 3. Master the valuation methods of securities, such as the calculation of the intrinsic value of bonds, the three relations

14、 and five theorems of bond pricing, the dividend discount model and the ratio of principal to earnings model of common stock valuation, etc. （Corresponding to Lecture 8, 9, 10 and 11, supporting for graduation requirement index 5.2）Objective 4. Master modern capital market theories, such as portfoli

15、o theory, capital asset pricing theory, arbitrage pricing theory, effective market theory, etc., master the principles of financial asset allocation, and understand securities investment funds and their performance evaluation（Corresponding to Lecture 3, 4 and 5, supporting for graduation requirement

16、 index 9.2）3. Supporting for Graduation RequirementsThe graduation requirements supported by course objectives are mainly reflected in the graduation requirements indices 2.1, 4.3, 5.2 as follows:Supporting for Graduation RequirementsCourse ObjectivesGraduation RequirementsIndices and Contents Suppo

17、rting for Graduation RequirementsTeaching TopicsLevel of Support IndicesContentsObjective 12. Comprehensive knowledge and abilityIndex 2.2:Understand the concept of Finance and its embodiment in specific fields, and be able to analyze and process the basic financial businessLecture 1 and 2HObjective

18、 24. Practical application abilityIndex 4.3:Be able to use professional theoretical knowledge and modern economic research methods to analyze and solve practical problems, and have certain scientific research abilityLecture 6, 7, 10MObjective 35. Application ability of financial analysis toolsIndex

19、5.2:Proficient in using modern financial measurement technology and data processing methods for professional data processing, design model and analysis, etcLecture 8, 9, 10HObjective 49. Decision making ability of investment and financingIndex 9.2:Combining with the courses of securities investment,

20、 risk management and risk investment, make investment and financing decisions and judgmentsLecture 3, 4 and 5M、Basic Course Content The basic content of the course teaching should be as detailed and complete as possible, and it is generally appropriate to describe according to chapters and units; ex

21、plain the teaching requirements of each chapter, that is, to make the students master the degree of knowledge and skills, including: Master, master, understand, understand, and make clear what kind of abilities each chapter cultivates students.The course is divided into 10 chapters and 32 class hour

22、s in total. Specifically, the first and second chapters introduce the relevant knowledge of securities market; the third, fourth and fifth chapters teach the relevant knowledge of asset pricing; the sixth chapter introduces the relevant knowledge of efficiency market; the seventh chapter introduces

23、the asset allocation and market timing; the eighth, ninth, tenth and eleventh chapters introduce the relevant knowledge of bond pricing, stock pricing and stock investment analysis; the twelfth and thirteenth chapters are securities investment funds Knowledge related to fund investment performance e

24、valuation.Chapter I fundamentals of securities market (supporting course objectives 1) 1.1 basic concepts and characteristics of securities investment. 1.2 issuers, investors and market intermediaries of the securities market. 1.3 various types and levels of securities market, including currency, bo

25、nd, stock and derivative markets, and compare the markets of different countries. 1.4 supervision of securities market: external supervision and self-discipline supervision, government led external supervision mode and self-discipline management mode dominated by industry associations and exchanges.

26、 The regulatory system of Chinas securities market.Teaching Requirements: The requirements of this chapter are as follows: first, learn the basic concepts and characteristics of securities investment, then the issuer, investor and market intermediary of the securities market, then learn various type

27、s and levels of the securities market, including currency, bond, stock and derivative markets, as well as international comparison, and finally learn the supervision of the securities market, including external supervision and self-discipline The contents of supervision, government led external supe

28、rvision mode and self-discipline management mode mainly based on industry associations and exchanges require students to master relevant knowledge points, understand the basic knowledge of relevant securities market, be familiar with the reality of Chinas securities market, understand the basic stru

29、cture of Chinas securities market, and have the ability to analyze and solve problems accordingly.Key Points：We should not only pay attention to the introduction of the basic theoretical knowledge of the securities market, but also to the explanation of the market reality.Difficult Points：Introducti

30、on of basic theoretical knowledge and market reality into the classroom.Chapter II Issuance and trading of securities (supporting course objectives 1) 2.1 issuance and trading of monetary Securities: issuance and trading of short-term government bonds, enterprise short-term financing bonds, commerci

31、al bills, bank acceptance bills and money market mutual funds 2.2 issuance and trading of bonds and stocks: basic conditions, listing process, trading mode after listing, etc. 2.3 creation and trading of financial derivatives: the traders, trading places, trading methods and characteristics of deriv

32、atives, etc., and the trading methods of stock index futures in China will be introduced. 2.4 securities credit trading: Rules for margin trading and margin trading.Teaching Requirements: The teaching requirements of this chapter are as follows: first, learn the issuance and trading of monetary secu

33、rities, then the issuance and trading of bonds and stocks, including basic conditions, listing process, post listing transaction methods, etc., then the creation and trading of financial derivatives, including the traders, trading places, trading methods and characteristics of derivatives, and final

34、ly the securities letter Students are required to master relevant knowledge points, understand relevant knowledge of securities issuance and trading, be familiar with Chinas securities issuance and trading rules, understand Chinas securities issuance and trading mode, and have the ability to analyze

35、 and solve problems.Key Points：We should not only pay attention to the introduction of the basic rules of securities issuance and trading, but also pay attention to the explanation of market reality.Difficult Points：Introduction of basic theoretical knowledge and market reality into the classroom.Ch

36、apter 3 selection of the best portfolio (supporting course objectives 4) 3.1 definition and measurement of asset portfolio: introduce the calculation method of asset portfolio and its yield, including the independence of single asset and asset portfolio, and the measurement of portfolio risk. 3.2 ef

37、fective set and indifference curve: how to select effective set, definition of feasible set, significance of indifference curve of investors. 3.3 selection of the best asset portfolio: the best choice of risk asset portfolio, the best choice of asset portfolio after the introduction of risk-free ass

38、ets. 3.4 investment Decentralization: meaning, international application and market examples. Complete experimental (programming) project 1: basic investment practiceTeaching Requirements: The requirements of this chapter are as follows: first, learn the meaning and measurement of asset portfolio, t

39、hen the effective set and the indifference curve, including how to select the effective set, the definition of feasible set, the meaning of investor indifference curve, etc., then learn the selection of the best asset portfolio, including the best selection of risk asset portfolio, the best selectio

40、n of asset portfolio after the introduction of risk-free asset, etc At last, the students are required to master the relevant knowledge points, understand the relevant knowledge of the portfolio, be familiar with the investment analysis methods of effective set and indifference curve, understand the

41、 selection significance of the optimal portfolio, and have the ability to analyze and solve problems.Key Points：Theoretical derivation and understanding of efficient set, indifference curve and optimal portfolio.Difficult Points：The logical framework of the combination of theoretical deduction and g

42、raphic deduction.Chapter 4 capital asset pricing model (supporting course objectives 3) 4.1 the hypothesis of the model and the meaning of market equilibrium, the introduction and comparison of capital market line model and securities market line model. 4.2 derive the capital asset pricing model fro

43、m the portfolio theory. 4.3 explain the calculation methods of market model and characteristic line equation, and explain the model through examples. 4.4 introduce the risk of single securities and portfolio, and explain the calculation method and formula. Complete experimental (programming) project

44、 1: basic investment practiceTeaching Requirements: The requirements of this chapter are as follows: first, learn the hypothesis of the model and the meaning of market equilibrium, then learn to deduce the capital asset pricing model, including the derivation of the capital market line, the capital

45、asset pricing model, and the understanding of its meaning, etc., then explain and understand the model through examples, finally introduce the risk of single securities and portfolio, explain and calculate Methods and formulas require students to master relevant knowledge points, understand relevant

46、 knowledge of relevant capital asset pricing model, be familiar with the derivation process of the model, understand the application of the model in market practice, and have the ability to analyze and solve problems accordingly.Key Points：The hypothesis, logic, meaning and practical significance of

47、 capital asset pricing model.Difficult Points：Understand the logical relationship between model derivation and graphic deduction.Chapter 5 Factor model and arbitrage pricing (supporting course objectives 3) 5.1 introduction of factor model: the introduction and calculation of single factor model; th

48、e expansion and application of multi factor model to the original model. It includes index model, Fama French three factor model, expected return of stock price with factor model, calculation of covariance and variance. 5.2 Arbitrage Pricing: the general principle of arbitrage. The arbitrage pricing

49、 theory assumes that the arbitrage portfolio has been constructed. At the same time, it introduces the arbitrage pricing method of single factor model and double factor model. In the introduction of each method, teaching will be assisted by examples.Complete experimental (programming) project 1: bas

50、ic investment practiceTeaching Requirements: The requirements of this chapter are as follows: first, through the factor model, including single factor model, multi factor model, Fama French three factor model, as well as the expected return of stock price with factor model, calculation of covariance

51、 and variance, etc., then learn the arbitrage pricing theory, including the arbitrage principle and construction method, single factor model and the arbitrage method of multi factor model, Students are required to master relevant knowledge points, understand relevant knowledge of factor model and ar

52、bitrage theory, be familiar with the theoretical meaning of arbitrage pricing, understand the practical application of factor model in arbitrage pricing, and have the ability to analyze and solve problems.Key Points：The meaning and practical application of factor model and arbitrage pricing theory.D

53、ifficult Points：Theoretical derivation of arbitrage pricing.Chapter 6 Efficiency market (supporting course objectives 3)6.1 random walk and efficient market hypothesis6.2 the reality and Enlightenment of effective capital market6.3 behavioral finance and fractal market hypothesis6.4 empirical resear

54、ch on efficient market hypothesisComplete experimental (programming) project 2: Fund simulation investment practiceTeaching Requirements: The requirements of this chapter are as follows: first, learn the random walk model and the efficient market hypothesis, then the meaning and performance of the e

55、ffective capital market, then learn the related content of behavioral finance and the classified market hypothesis, and finally understand the empirical research content of the efficient market hypothesis, Students are required to master the relevant knowledge points, understand the relevant knowled

56、ge of random walk and efficient market hypothesis, be familiar with the reality and Enlightenment of the effectiveness of the securities market, understand the meaning of behavioral finance and fractal market hypothesis, and have the corresponding ability to analyze and solve problems.Key Points：Und

57、erstanding the hypothesis of random walk, efficient market fake and Fractal Market.Difficult Points：Understanding of the logical relationship between efficient market hypothesis and fractal market hypothesis.Chapter 7 asset allocation and market timing (supporting course objectives 3) 7.1 stock sele

58、ction strategy: This paper introduces the operation methods of positive strategy and negative strategy, and makes a brief analysis of the influencing factors. In addition, the stock selection strategy and prediction ability are described. Finally, how to build a portfolio and manage the investment p

59、rocess are described. 7.2 strategic asset allocation: it introduces how to select portfolio assets, including estimating the impact of economic cycle and asset investment period on strategic asset allocation, measuring the return and risk of asset allocation, and selecting the optimal portfolio. 7.3

60、 tactical asset allocation: explain how to predict the change of short-term yield and three methods of tactical asset allocation. 7.4 market timing: pay attention to the relationship between economic cycle and market performance, and explore how to select market timing.Complete experimental (program