This is a first-year compulsory course for the PGP (MBA) program and is the first of the two corporate finance courses in the first year.
This intermediate-level course aims to impart to the learner the features and characteristics of basic financial derivatives such as futures, swaps, and options. The course focuses on three dimensions: valuation, trading, and risk management of financial derivatives. It emphasizes general valuation principles of derivatives, such as no-arbitrage arguments and risk-neutral valuation.
The first module on accounting analytics focuses on analysing data generated from financial reports, particularly the balance sheet, income statement, and cash flow statement. The focus is on understanding and detecting earnings manipulation and accounting fraud using financial, non-financial, and textual data.
The second module on financial analytics focuses primarily on time series analysis of financial data. The topics range from linear time series to conditional heteroscedastic models. We also discuss related topics on volatility spillovers and alternative risk measures. We finish with an analysis of high-frequency financial data.
In this hands-on course, we work with real-life financial data. The analysis is primarily conducted using SAS and R. Familiarity with these tools will be helpful, though not necessary.
This is an intermediate-level course aiming to impart on the learner the features and characteristics of basic financial derivatives such as futures, swaps, and options. The course focuses on three dimensions: valuation, trading, and risk management of financial derivatives. It emphasizes general valuation principles of derivatives, such as no-arbitrage arguments and risk-neutral valuation.
The objective of this course is to introduce essentials of utility theory, financial economics and mathematical preliminaries for asset pricing and corporate finance.
This course provides an overview of the topics related to market microstructure, which is considered to be a relatively young sub-field of finance that is the study of trading mechanisms. This course is about how securities are traded: the design, operation, and regulation of trading processes, mechanisms, and protocols. The course covers microstructure theory, the current state of practice in market design/regulation, and empirical models/methods used in microstructure research. The course also discusses the current issues in this domain involving algorithmic and high-frequency trading.