Syllabus-Investments_3826_Spring_2011 - Syllabus LOUISIANA...

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Unformatted text preview: Syllabus LOUISIANA STATE UNIVERSITY FINANCE 3826 Investments – Spring 2011 Instructor: Office: Walter Morales 2163 Patrick Taylor 225‐578‐6285 225‐343‐9342 [email protected] Campus Office number: Downtown Office number: Email: Course Site: Office Hours: Tuesdays and Thursdays from 1:30‐3:00 PM or by appointment. I enjoy the opportunity to meet with students to discuss the course, their grade, or careers in finance (or other topics of your choice). I encourage you to use email to contact me for an appointment. If you have trouble reaching me or if your need to speak with me is urgent you may contact Erin Despot in my downtown office. She can be reached via email: [email protected] . My downtown office is at Commonwealth Advisors Inc., 315 Third Street. To get there from LSU you take Nicholson Drive north to downtown Baton Rouge. Take a left on Government Street, this will take you past the Centroplex and you will be on the River Road. Take a right on Florida Street (which is at the Hilton Capital Center). The parking lot is on your left after the first traffic signal. The front door is on Third Street, but there is also a back door from the parking lot. Course Description: This course is designed to provide students with a broad knowledge of investments and the analytical tools and techniques used to value assets. The course is divided into five main areas of study. First, the structure of financial markets will be discussed. This will include a review of time value of money concepts and an introduction to the taxation of investment income. Second, the course will examine the nature of equity investments, including common stock. Third, the course will survey fixed income investments. Students will explore a very diverse world of fixed income securities and the methods by which they are priced. Fourth, students will study derivative securities such as options and futures contracts. In this section we will also study tangible investments such as real estate and commodities. Finally, the course will outline the major characteristics of portfolio management. Textbook: Essentials of Investments by Bodie, Kanem, Marcus (Seventh Edition)‐McGraw Hill Solutions Manual for use with Essentials of Investments by Bodie, Kanem, Marcus Additional Required Readings: Winning the Loser’s Game By Charles Ellis Amazon link:‐ 1/ref=pd_ka_b_2_1/103‐6691865‐3814228 Fooled by Randomness By Nassim Taleb Amazon link:‐/158799190X/qid=1106146499/sr=2‐1/103‐6691865‐ 3814228?v=glance&s=books Procedures and Grading: Students are expected to keep up to date on reading assignments. Examinations will include questions on class lectures, reading assignments, and textbook content. The learning process is enhanced when students read the assigned material before it is covered in class. Material that is not in the textbook will be introduced during class lectures. You are responsible for what is covered in class, excused absence or not. Grades for the course will be determined as follows: First exam Second exam Thirdexam (Final) 100 points 100 points 100 points 100 points Assignments/quizzes Grading Scale: 90 – 100 A 80 ‐ 89 B 70 ‐ 79 C 60 ‐ 69 D Exams: The format for the exams will be mostly problems, short answer and essay. Anyone who misses an examination must submit a written excuse. A make‐up will be given during the general make‐up session at the end of the semester, following the taking of the third examination unless other arrangements are made with the student. Exams will not be returned to the student, but you are encouraged to view your answers in the instructor's office. Assignments and Quizzes: An undisclosed number of quizzes will be given during the semester. Some quizzes may not be announced. Unannounced quizzes are given to encourage class attendance, preparation for class and class participation. *Over the course of the semester, we will discuss many different companies, securities and investments as they relate to the material covered in the course. However, any opinions or other statements made by the Instructor are not to be construed as investment advice on the part of the Instructor or Louisiana State University. Additional Readings: The articles, PowerPoint slides and websites listed as additional readings should be viewed prior to the class period when that chapter's material is covered. In class lectures may or may not include the topics discussed in the Additional Readings, but you should be familiar with those that accompany the chapters covered on each exam. In addition, POP Quizzes may be given on material covered in the Additional Readings. Reading the Wall Street Journal is highly recommended. Getting Bloomberg Certified is also highly recommended. Attendance is required. In order to encourage attendance, an unspecified number of POP QUIZZES will be given randomly. This grade will be included as part of the 25% Homework/Quizzes grade. Honesty and Integrity – Values and Character Honesty and integrity are critical in all phases of your life, including academics. Please use sound and clear judgment in all the actions you take and in all the work you perform in this class. University policies regarding academic dishonesty will be strictly enforced. Unless specifically stated by your professor, you are required to analyze the case and make a recommendation based solely on the information provided in the case. You are allowed to apply your own professional experience and judgment, but should not seek outside information about the company, industry or specific situation as you develop your recommendation. It is never appropriate to discuss cases with students who have already been through a discussion of the case (e.g., first years talking with or acquiring notes from second‐years, or second‐ section students talking with those in the first section). Such actions are considered academic dishonesty. Any incident of academic dishonesty, such as cheating on tests, facilitating cheating, or receiving information about cases from, e.g., websites or other individuals, will be forwarded to the Office of Judicial Affairs for adjudication. If you are in doubt about what constitutes academic dishonesty please refer to the LSU policy or contact me before engaging in such activity. Special Needs Students who need accommodations because of special needs addressed in the Americans with Disabilities Act (ADA) or have emergency medical information to share with me, or need special arrangements in case of emergency building evacuation should inform me of such need immediately. Please see me privately after class or in my office. Course Success Students have a unique opportunity with each new semester. Your prior academic accomplishments or failings do not have a bearing on how you will do in this and other courses this semester. Your success will depend upon your performance and that will be decided by you. If you approach this course by not preparing for class and waiting until the week prior to the exam before studying, you will do very, very poorly in this course. That statement probably applies to most of your courses. The time to decide how much you wish to learn and how well you want to do this semester is NOW. I hope you will seize the moment, examine why you are here and the task at hand and decide to make the most of this semester. FINANCE 3826 Class Date 1/18/2011 Topic Introduction to Course Chapter Time value of Money Concepts (go through all sections of the investing 101 tutorial ) Chapter 1 Chapter 2 Chatper 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 8 1/20/2011 1/25/2011 1/27/2011 2/1/2011 2/3/2011 2/8/2011 2/10/2011 2/15/2011 2/17/2011 2/22/2011 2/24/2011 3/1/2011 3/3/2011 Investments Asset Classes and Financial Markets Securities Markets Mutual Funds Risk and Return Efficient Diversification Capital Asset Pricing Theory The Efficient Market Hypothesis Exam 1 Behavioral Finance & Technical Analysis Bond Prices and Yields Bond Prices and Yields Managing Bond Portfolios Chapter 9 Chapter 10 Chapter 10 Chapter 11 3/8/2011 3/10/2011 3/15/2011 3/17/2011 3/22/2011 3/24/2011 3/29/2011 3/31/2011 4/5/2011 4/7/2011 4/12/2011 4/14/2011 4/19/2011 4/21/2011 4/26/2011 4/28/2011 5/3/2011 Mardi Gras Macroeconomic Analysis Equity Valuation Financial Statement Analysis Financial Statement Analysis Exam 2 Chapter 12 Chapter 13 Chapter 14 Chapter 14 Options Markets Option Valuation Futures Markets and Risk Mgmt Performance Evaluations and Mgmt Globalization Spring Break Spring Break Taxes, Inflation and Investment Strategy Investors and the Investment Process Review Chapter 15 Chapter 16 Chapter 17 Chapter 18 Chapter 19 Chapter 20 Chapter 21 5/5/2011 Review Last Day of Class Final Exam Schedule Section 1 Section 2 Tuesday Tuesday 11‐May 8:00‐10:00 PM Patrick Taylor 1111 10‐May 12:30‐2:30 Patrick Taylor 3140 ...
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This note was uploaded on 03/01/2011 for the course MGT 3111 taught by Professor Carter during the Spring '11 term at LSU.

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