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3. Financial Economics |
3 |
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The subject of Financial econometrics aims to equip students with knowledge of Python applied in Econometrics. Learners after finishing the course are expected to be able to apply Python for various empirical research models in the field of finance, especially panel data regression, estimation with dependent or explanatory variables as qualitative variables, time series regression and simulation. Discussions will be followed by practical topics using Python at a basic and advanced level for estimation and hypothesis testing. In this course, various econometric models are discussed by topics which are nowaday very practical and widely used in practice/industry or in academic research. |
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4. Corporate Finance |
3 |
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This course is designed and taught in the form of in-depth discussions on the important and practical topics of Corporate Finance, equiping learners with concepts and techniques for financial management. The course of Corporate Finance provides students the basic and in-depth knowledge in relate to financial decisions making within corporations or organizations. Upon a completion of this subject, students can grasp the modern knowledge of corporate financial management for their business study at higher levels of education or for academic research. |
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5. International Finance |
3 |
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The course International finance is designed to provide you with an understanding of the classical theory in international finance that demonstrates the correlation among macroeconomic variables such as inflation, interest rate, and exchange rate; policy choices in different contexts. In addition, other important parts of the course are focused on currencies and foreign exchange market, international monetary systems; expectations and crises; determinants of international capital flows and the balance of payment. The course is expected to provide students with knowledge and understanding on the key factors and classical theories in international finance. After completing the course, students should be able to explain the organization, movement and development of foreign exchange and international money markets, as well as international capital flows; explain and apply orthodox theories of exchange rates and open economy macroeconomics; explain the effectiveness of monetary policy in different exchange rate mechanisms; explain and apply knowledge provided by behavioural economics into expectations formation and financial crises. In-depth understanding of international finance combined with analytical skills, problem solving skills and self-study skills will support students to gain professional qualifications in their future careers. |
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6. Financial Risk Management |
3 |
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The lessons from the global financial crises show that the role and a thorough understanding of financial risk management is essential for all economic entities (companies and financial institutions) in domestic financial markets and international financial markets. This course presents the theory of financial risk management as well as its application to financial companies and institutions. The course will provide concepts of financial risk management, financial risk management and firm value, types of risks in the market and their impact on companies and financial institutions. The main types of risks that have a significant impact on economic entities in the market that will be discussed in this subject include: market risk, credit risk, operational risk, liquidity risk, country risk, systematic risk, behavioral risk, governance risk, inflation risk. The content presented in this course will help students gain a theoretical and practical background on risk management practices. |
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7. Investments |
3 |
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This course covers contents regarding financial investment such as investment environment, investment strategy, asset pricing models, investment analysis process (consisting of macroeconomic analysis, industry and company analysis), equity valuation, bond pricing, asset allocation, stock selection, diversification, and portfolio optimization. After completing the course, students are expected to understand how to set up the investment process, including investment policy, asset allocation, stock selection, and portfolio construction. Students could implement investment activities and portfolio management for individuals or institutions. Students also practice analytical skills, solving problem skills, and self-study skills to achieve professional certificates in their future careers. |
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8. Behavioural Finance |
3 |
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This course is designed to provide in-depth knowledge of behavioral finance. After completing the course, students are expected to understand the limits of the arbitrage theory, the challenges of the efficient market theory, unusual phenomena that the classical financial theories cannot fully explain, the main assumptions and content of expected utility theory, prospect theory, heuristics and biases, the implication of heuristics and biases for financial decisions, overconfidence and the implication of overconfidence for financial decisions, framing, rational managers, and irrational investors. Students can identify the effects of behavioral biases such as overconfidence, anchoring, familiarity, herd mentality, mental accounting on investment, financing, and dividend decisions. |
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- Elective: select 3 out of 5 |
9 |
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9. Quantitative Finance |
3 |
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The course of Quantitative Finance at Postgraduate-level aims to equip students with knowledge of applied Python in finance, especially finance based on real-time and non-relational/big data, instead of historical relational/structured data. Upon a completion of the course, learners are expected to be able to apply Python for various models in the field of finance. For this course, different Python practice topics, at basic and advanced levels, will be discussed. These topics are currently being used by a wide variety of financial analysts, investors, financial managers… in the real world of finance, whether beginners or professionals. The course is helpful for those who want to advance their careers in academia or industry. |
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10. Portfolio Management |
3 |
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This course covers the theoretical and practical aspects of managing investment portfolios. The topics focus on: (1) fundamental theories and theoretical framework of portfolio management (investment management process, asset pricing models, asset allocation, and portfolio construction) and (2) practical aspects of portfolio management (portfolio performance evaluation; active portfolio management; investment policy; risk management). Students will learn how to establish an investment management process and investment policy statement, analyze and construct a theoretical investment portfolio, and implement practical steps in the portfolio management process. |
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11. Corporate Governance |
3 |
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The subject of Corporate Governance provides students with the knowledge for either academic research in the field of corporate finance or advanced financial analysis. This subject is designed and taught by integrating Corporate Governance into the old school of financial analysis, which is completely applicable in the real modern world or for research in academia. The course content therefore involves assessing the range of choices a company can make in establishing its governance system and the impact of these choices on the financial decisions made by managements in that company, and conversely, how the quality of corporate governance would affect the financial performance and stock return of the firm. |
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12. Advanced Financial Risk Management |
3 |
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Risk is an integral part of financial decisions. Financial risk management is becoming increasingly important and financial analysts must be able to assess the level of risk in the market. This course will provide the concepts of risk measurement, theoretical models of risk assessment, and financial risk management. The course will focus on measuring, forecasting and assessing key types of risks, including: market risk (volatility, value at risk, expected shortfall, extreme value theory), credit risk (default probability, credit value at risk), liquidity risk, and operational risk. In addition, the contents of scenario analysis, stress test, and economic capital (risk capital) are discussed in this subject. |
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13. International Financial Regulation |
3 |
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The course International Financial Regulation will address the rationales behind certain policy choices, the tools employed to achieve those policy objectives as well as the role of financial regulators and supervisors. Furthermore, this course also covers specific areas of regulation, on both domestic and international levels, as well as relevant regulatory topics that have become popular in the wake of the global financial crisis. Hence, the course’s objectives are: (i) introducing participants to the basics of financial regulation and the reasoning behind it, so that they can use the knowledge to understand real-life regulatory issues that may arise; (ii) exploring the most important policy areas of financial regulation, which have risen to prominence and been revamped in the aftermath of the global financial crisis; (iii) enabling participants to take part in the general debate surrounding regulation of financial markets, regardless of their role in the field of finance. |
