F303: INTERMEDIATE INVESTMENTS (Tentative) Instructor Sheran Deng Fall 2018 Office : Hodge Hall (HH) 7000 Kelley PHD Program Suite Class Location : Hodge Hall (HH) 4030 Office Hours : Thursday: 4:00-5:15 pm. Additional office hours before exams will be available. Email : [email protected] TEXTBOOKS AND OTHER RESOURCES: Required: eText version of Essentials of Investments , 10th Edition , by Bodie, Kane, and Marcus (“BKM”). (Here is a guide to using eTexts at IU: ) Stock-Track Subscription ($27.95/group for the semester, 9 weeks of trading). ? className=F303-13791 Recommended: Excel Modeling and estimation in the fundamental of investments , by C. Holden COURSE DESCRIPTION: This course provides a rigorous treatment of the core concepts of investments for finance majors. It broadly covers financial instruments, such as equity, fixed income, and derivative securities, as well as key concepts in international finance. It makes use of spreadsheet modeling to implement financial models and allows students to practice portfolio management online (almost in real time), through a simulation broker. We begin by discussing investment theories that concern dealing with risk in general, although equity securities will be our primary focus during this unit. We then proceed to discussing concepts concerning fixed-income securities, such as pricing of these securities, yields, as well as theories about the term structure of interest rates. Our third unit discusses derivative securities, and here, besides the basics of markets and instruments available, we will spend a great deal of time discussing the pricing of such securities. An application of many of these topics to investing across borders (international finance), as well as a discussion of the different types of risk involved in such investments and how these can be dealt with wraps up the course. COURSE REQUIREMENTS AND GRADING: 1
Participation 10% Problem Sets 10% (combined) Group Presentation 10% Trading Group project 6% Midterm Examinations (2) 17% (i.e. 34% combined) Final Examination 30% GRADE POLICY: Grading is done on a relative basis , that is, your final grade will depend on where your overall score for the course will be in relation to your classmates in all my sections. Following standard finance department policy, the average GPA will fall between 2.70 and 3.00 . EXAMS: Midterm 1: Midterm 2: Final Exam (cumulative): Final determination of the material covered by each exam will be made before the exam, based on our progress. You will be provided with a formula sheet (for all three exams). The date of the final exam is subject to change; please verify it on the registrar’s webpage the week before the final exams.
- Spring '14
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