Undergraduate Courses 2023-24

A broad introduction to financial institutions and financial markets, providing students with an understanding of how financial systems work, the functions of various financial institutions and the role of financial regulation.

For Quantitative Finance students only. The course aims to provide orientation to students to help them prepare for academic studies and understand the finance industry. The course starts with a lecture series to provide student with an overview of financial markets and institutions and raises their awareness about finance issues. It will be followed by company visits whereby students are taken to major financial institutions and corporations and meet with company representatives.

For BIBU and non-SB&M students. This course provides an introduction to corporate finance for students who may not have background in accounting and business statistics. Topics include financial statement analysis, time value of money, bond and stock valuation, capital budgeting, risk and return concepts and cost of capital.

For SB&M students only. This course provides an introduction to corporate finance. Topics include time value of money, bond and stock valuation, capital budgeting, risk and return concepts and cost of capital.

The course aims to develop students' competitive edge so they are well prepared for their internships and future careers. Graded P, PP, or F. For students with major in FINA only. Students are required to complete the course within four regular terms.

This course studies the concepts and evidence relevant to the management of investment portfolios. Topics include diversification, asset allocation, portfolio optimization, factor models, the relation between risk and return, trading, passive (e.g., index-fund) and active (e.g., hedge-fund, long-short) strategies, mutual funds, performance evaluation, long-horizon investing and simulation.

This course covers options, forward contracts, futures contracts and swaps. By the end of this course, students will have a good knowledge of how derivative contracts work, how they are used and how they are priced.

The course provides an in-depth treatment of long-term financing decisions, including estimation of the cost of capital, financial leverage, corporate distress, raising financing, dividend policy, and working capital analysis.

The course aims to provide students with knowledge of financial markets and Bloomberg functionality. The course consists of four modules: economic indicators, currencies, fixed income and equities. Students will need to complete all four modules to receive the Bloomberg Market Concepts certification. Graded P or F. For students with major in FINA, QFIN and SGFN only.

This course will enable students to learn more about market information and the functionality of a Refinitiv data product most commonly used by financial professionals. It begins with the first module of basic overview and is followed by four core modules on data, screen design, graphics, analysis tools of various instruments, which includes one module of data retrieval in Excel. Students will be eligible in attending the Refinitiv Certification Assessment upon completion of the course. Graded P or F.

The objective of the course is to give students first hand experience in using Refinitiv terminals and provide them with a firm foundation of analytical skills and practical market knowledge. Graded P or F.

This course focuses on a broad understanding of financial and investment issues arising in the context of personal wealth management. Students will gain an understanding of the nature and use of various financial products and legal instruments for developing a financial plan. It covers topics such as client financial status and expectations, portfolio management, securities trading, managed funds, insurance, and tax and estate planning.

This course teaches students how to use financial information to value firms. By the end of this course, students will be able to value firms using discounted cash flow valuation, relative valuation, and real options.

This course examines liquidity, market structure and trading. The focus is on examining the efficiency of trading systems and markets, the impact of new algorithmic trading on markets, the role of intermediaries and regulatory actions on market structure issues. Students learn about a number of alternative market structures in terms of their economic and operational effectiveness.

This course analyzes mechanisms underlying the creation of value in mergers, acquisitions and corporate restructuring. Students will learn analytical techniques and tools to analyze (a) strategy behind corporate restructuring transactions, whether and what to acquire, (b) evaluation and financing of acquisitions, and (c) decisions and processes that impact value creation in mergers.

Pricing of bonds, term structure models, duration analysis and immunization techniques, valuation of interest rate options, convertible bonds, mortgage-backed securities, pricing credit derivatives, bond portfolio construction and management.

An introduction to the fundamental principles of international financial management and investment. Topics include: international financial markets and instruments; foreign exchange markets; foreign currency derivatives and currency risk; international capital budgeting; international bond and equity markets.

This course aims to provide students with comprehensive and practical understanding of Asian family business, which is the most prominent and significant business form in Asia. The course will specifically cover valuation and ownership design, financing and exit strategies, governance and succession practices of family businesses. The course is application oriented and draws on the faculty’s research experience and active interactions with family businesses in Asia. This course will benefit not only the students who will work in family businesses but also those likely to provide services to them in the future, such as private and investment bankers, family office professionals, private equity professionals, and other service professionals working closely with wealthy families in the region.

This course provides students with a comprehensive and most up-to-date understanding of family office, as well as insiders’ view and practical aspects of family office. For university students who are about to graduate and are interested in entering into family office related sectors, having an in-depth understanding of family office will definitely help them better prepared for the future.

This course examines financial intermediaries with a particular emphasis on banks. It introduces students to the nature, purpose, and management of these institutions. The course also brings together the upstream issues in risk measurement and the regulative environment surrounding banks. By the end of this course, students will be able to understand the role of banks in the economy and the effects of frictions such as information asymmetry and agency costs on bank behavior. The course will start with the review of basic game theory.

This course covers the role of risk management in supporting companies as they strive to balance the internal and external risk factors surrounding the operation of their business model against their various stakeholder obligations. Topics include a review of basic hedging strategies (knowledge of futures and options is pre-requisite), the theory and evidence on the value of corporate risk management, review of major surveys of risk management practices, business-case studies highlighting advanced derivatives and risk-management strategies, an illustrative model of integrated enterprise risk- management (featuring Monte-Carlo simulation), and student-led risk-management audits.

This course covers the application of financial tools and techniques to the funding and valuation of an entrepreneurial venture. The course seeks to provide students with a background on the venture capital industry, the economic intuition underlying its features, and the basic tools required to work in the industry.

This course focuses on the relevance of sustainability factors on financial performance of firms and securities. Topics in this course include the market terminology, practices, usages and impact of environmental, social and governance (ESG) factors and climate risk. Students will learn to analyze complex financial problems, adapt investment strategies to meet business needs, propose solutions that maximize stakeholder value, and apply ESG related concepts to the process of investment management and valuation.

This course provides an overview of the main branches of AI and Big Data, and exposes students to real-world industry use cases to help them understand the impact that AI will have on the finance industry. Upon completion of this course, students will be able to identify and leverage AI and Big Data to enhance and/or disrupt business models, while keeping in mind social and ethical considerations.

This course is designed to give students a thorough overview of responsible finance and ESG. The first part covers fundamental topics related to ESG. The second part focuses more on project and firm valuation with an ESG perspective. It also covers financial models that will allow one to understand how to incorporate ESG factors in financial decisions.

For QFIN students in their fourth year of study only. This is a capstone course for final year students in the BSc Quantitative Finance program. Working in groups, the students will bring together all the knowledge learned in the program to develop and execute a quantitative trading strategy through a simulated platform. The instructor will guide the students through the following stages: (1) idea generation, (2) strategy backtesting, (3) risk management planning, (4) system development, (5) trade execution, and (6) performance evaluation. Students will also have the opportunity to develop their leadership and presentation skills.

Directed study of selected issues in Finance. May be graded by letter, or P/F for different offerings. Instructor's approval is required for enrollment in the course. Subject to approval by the department, students may repeat the course once if a different topic is selected.

Covers current developments in finance. Topics selected by instructors. May be graded P or F.