International Finance
The course studies issues in international macroeconomics (also known as international finance or open economy macroeconomics) and examines the interaction of national economies through international financial markets. We try to understand and explain things like capital flows (international borrowing and lending), sovereign debt and default, and how goods prices are related across countries. On the financial side we shall study floating nominal exchange rates (spot and forward), speculative attacks, and interest-rate differentials. We also learn about the history of the international monetary system and policy issues such as exchange-rate management, currency unions, and speculative currency crises. The emphasis is on predictions and empirical evidence.
Financial Engineering
This course is a follow-up course of financial derivatives. It is a multidisciplinary field involving financial theories, methods of engineering, tools of mathematics and the practice of programming. The objectives are to provide students with a framework to understand the fundamental concepts and methods of financial engineering, the basic concepts and principles of continuous-time stochastic processes, and the basic numerical methods. Consequently, the students can develop the necessary skills used in valuing derivative contracts and constructing some basic structured products and understand a wide variety of issues related to risk management and investment decisions using derivatives.
Investment Banking
The contents of this course include investment banking, investment bank status and function, prospect of investment bank, investment bank operation management and business strategy. This course focuses on the operation details of investment banking, such as the business of issuing and underwriting, mergers and acquisitions, asset securitization, the risk management of investment bank. This course uses case driven teaching mode to explain the relevant content of investment bank in a simple way to make students master the basic knowledge, operation details and analysis and problem-solving ability in the investment banking field.
Behavioral Finance
This course introduces basic concepts, knowledge, and theories of behavioral finance. It discusses why it is necessary and important to conduct study and research on behavioral finance, and focuses on the drawbacks of the traditional financial theories in explaining the financial anomalies. This course uses the methods of experimental economics to analyze the psychological and behavioral biases of human beings in the process of decision making under uncertainty. It also examines the impact of psychological and behavioral biases of investors on investors’ trading behavior, asset pricing, and corporate finance.
Intermediate Microeconomics
The purpose is to further learn principles and analysis methods in microeconomics after the course Introduction to Economics. The materials consist of modern microeconomics theories, including consumer theories, producer theories, partial equilibrium, general equilibrium, game theory, etc. This course uses calculus, algebra, and graphs to present microeconomics theories based on actual examples. The purpose is to encourage students to analyze real-world problems using microeconomics methods.
