This course will systematically study and discuss the basic concepts, basic principles and applications of financial derivatives. Students in the course will focus on learning forwards, futures, swaps, options and other derivatives, as well as the application of these financial derivatives in risk management practices.
"Domestic and global financial systems are comprised of a variety of interlinked institutions whose interactions create the form and structure of the financial system. These institutions range from central banks, commercial and investment banks, institutional investors, and financial markets for stock, bond and other assets to currency regimes, the global balance of payments, and fiscal and regulatory policies that affect monetary conditions. The main objective of this class is to help construct a conceptual framework of the financial markets for finance students and to ensure that they are able to develop for themselves a context in which to place their more specialized finance classes.
Principle of Actuarial Science
"This course aims to provide you with a comprehensive training in actuarial science. The lectures cover particularly concepts in life insurance aspect. The lectures include the fundamental techniques about life insurance rate making, expense estimation, reserves, etc.. The lectures will also discuss about the life table and different survival models.
In completing this course, you are expected to know how to use life table and mathematical models to design life insurance products, including expense estimation, rate making and reserve calculation. Multimedia resources will also be used in the class to enhance the learning experience. "
This is an introductory course in financial econometric. We will discuss the basic analytic tools and their applications. The course focuses mainly on the linear model specification, Ordinary Least Square regression method, and limits of classical OLS method.
This is a course in international trade theory and policy with an emphasis on real world applications. We will introduce the thoughts and models of remarkable theories such as comparative advantage, factor proportion, and scale economy. We will use partial and general equilibrium analysis to cover a wide range of topics in policies such as tariffs, quotas, VERs, subsidies, anti-dumping, integration, WTO, etc.
This course teaches macroeconomics at the intermediate level. It elaborates on the main macro economics topics including national income, money and inflation, unemployment, business cycles and economics growth. The basic analytical framework such as the IS-LM model is taught through which the key macro economic variables and their interactions can be studied. The course also discusses government economic policies and their implications. As time permits, a brief introductory to modern macroeconomics theories will be given.
This course will discuss the basic principles of microeconomics, but in a more formal and structured way than the introductory economics does. The topics will include the classical price theory (consumer choice, producer theory and market equilibrium analysis), market failure (externality and public goods), as well as some recent exciting developments in game theory and information economics. While we try as much as possible to demonstrate the beauty and rigor of microeconomic theories, we will apply these analytical tools to the real world and test the validity of their predictions. I will use many real world examples to show the relevance and power of economic thinking. To be sure, the principles we will cover in this course provide the foundation of almost all theories in modern economics.
Conceptual introduction to financial accounting. Emphasis is placed on wealth and income measurement and the preparation and interpretation of conventional financial statements.
General Management is a fundamental course for students of management, also an extension course for non-management students. The course will take perspectives of management need, managers, and management process, focus on the framework of management goal, process, and effectiveness, following the lines of institution, decision, planning, motivation, control, cost, change, and mechanism; defining related scope, functions, and rules; investigating theoretical and practical issues; utilizing exercises, simulation, and other types of activities and discussion, with the aim of helping students improve managerial knowledge, practice their managerial capabilities, and grasp managerial laws by taking advantage of multiple angles of material architecture and mechanism.
The goal of this course is to help students understand management of fundamental scope, theory, and methodologies; help students improve the abilities of defining, analyzing, and solving problems; help students prepare a foundation for learning subsequent courses; help non-management students equip themselves with management knowledge.
The content of this course include management need in globalization; managers, management activities, and management goal; mission, directions, and functions of institutions; design of organizational structure and staffing; problems, routine, and non-routine decisions; goal and planning; team behavior, negotiation, and motivation in operations; standardization, process control, and information system; cost/ benefit of management and performance evaluation; environmental challenges and organizational change; the science and art sides of managerial mechanism; managerial thoughts of leaders and their development.
Principles of economics is the basic course for economics major, and also introduces basic economics for other majors.The course is composed of two parts: Microeconomics and Macroeconomics. We offer basic knowledge of economics in this course, and also enhance students understanding of everyday economy affairs. Most importantly, the course pay special attention to the intuitions of economics through class as well as exercises. We believe economics is not just an brunch of math or others, it has its own perspectives. training intuitions will do help students understan unique perspectives of economics.
International Finance and International Financial Management
The detailed topics include: international trade theory ( the law of comparative advantage, factor endowments and the Heckscher-Ohlin theory, economies of scale, imperfect competition, and international trade, international trade and economic growth), international trade policy including trade restrictions, nontariff trade barriers and the new protectionism, economic integration: customs unions and free trade areas; open-economy macroeconomics: adjustment in the balance of payments and domestic stability. We will also discuss. the price adjustment mechanism under a flexible and a fixed exchange rate system, open-economy macroeconomics: adjustment policies, prices and output in an open economy: aggregate demand and aggregate supply, flexible versus fixed exchange rates, the European monetary system, and macroeconomic policy coordination.
Life and Health Insurance
The course discusses the life insurance products, selection and use by consumers, insurance company operation and insurance regulation. The purpose of the course is to lead students to grasp the basic knowledge of life insurance, understand the development of China’s life insurance market, and develop the ability to observe and analyze the life insurance products, companies and the market.
Property and Liability Insurance
This course will teach the principles,types of insurance, management and supervision of property and liability insurance.It will train students to analyze and solve the problems of theory and practice in the field of property and liability insurance.
Financial Market and Financial Institutes
The objective of this course is to give students a general understanding of the different financial markets and institutions in the context of both the U.S. and China. The financial assets traded in these markets, the financial services and instruments these institutions offer, and the mechanisms and characteristics influencing the value of these assets and instruments will also be discussed.
This course introduces quantitative methods in investment and corporate finance, as well as the application and calculation of financial data. The first part focuses on quantitative investment method, including the predictability of stock return, CAPM model, investment strategy as well as event study. The second part focuses on empirical methods with financial data, including how to use SAS to do empirical tests and how to extract data from financial database.
Financial Risk Management
This course is designed to train the participants in evaluating and managing risks using an enterprise-wide approach. Most of the course deals with financial risks. The course starts with an analysis of how risk management contributes to firm value. A general framework for how to use risk management to create value is presented next. The course then examines the measurement and management of market risks, cash flow risks for non-financial firms, interest rate risks, credit risks, and operational risks. The course turns next to the implementation issues of enterprise-wide risk management, showing how to aggregate risks across the firm and how to use a firm-wide risk measure to make various corporate decisions and to evaluate performance within the firm. The course finishes with a discussion of recent issues in risk management. Students have to be comfortable with Excel, Black-Scholes, and the CAPM to attend successfully; if you are not comfortable with these tools, you should not take the course. Risk management problems for financial intermediaries as well as for firms outside the financial sector are also examined. Students will learn how to manage financial risks through lectures, exercises, and cases. A major component of the course is a four-part case that covers all aspects of integrated risk management. At the completion of that case, students will have measured firm-wide risk for a financial institution.
Fixed income securities
The course focuses on fixed income securities, pricing and risk management. Students will get a basic understanding of bond market, its pricing and risk management. Further, students will be able to combine theory with pratice.
Risk management researches how to deal with the uncertainty of the future. This course first teaches the risk principle, indicating the nature of the risk, the cost of risk and risk management procedures and objectives, and then analyzes property damage risk, legal liability risk, human capital risk and financial risk of the enterprises. On this basis, we study decision-making models commonly used, especially discuss insurance and hedging in detail. Then we will analyze other factors that affect the enterprise risk management. Finally, we explain some of the practical application of risk management.
Through this course, students will have a systematic understanding of the theory of risk and risk management, understand the entry point of a comprehensive risk management measures and the selection principle, have a certain ability to solve practical problems.
Financial Markets mainly introduces the basic theory of financial system and institutions, including financial markets, financial instruments and financial institutions.
Principles of Insurance
It introduces the basic theory and knowledge of risk, risk management and insurance. The course covers the subjects of risk and risk management, insurance institution, insurance contract, insurance market, life insurance, property insurance, operation and management of insurance companies, social insurance, etc. The purpose of the course is to lead students to grasp the basic principles of insurance products, understand the basic mechanism of insurance market and the basic operation of insurance companies, and develop the ability to observe and analyze various insurance phenomenons.