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4. Financial Economics |
3 |
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The course Financial economics is designed to provide students with insights into the economics of money, banking, and financial markets through the analysis of theories combined with numerous applications in the real world. The course is expected to provide students with knowledge and understanding on the role of money in the economy, the money supply process, aggregate supply and demand, the effectiveness of monetary policy tools, the role of expectations and the transmission mechanisms of monetary policy. After completing the course, students should be able to implement monetary policy analysis and research; explain the debates and issues in money, banking and financial fields; discuss policy responses; explain the impact of monetary policies on opportunities and risks in business and investment. Students need to be able to build skills such as analytical skills, problem solving skills and self-study skills to gain professional qualifications in their future careers. |
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5. 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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6. 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 payments. 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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7. 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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8. 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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9. Financial Econometrics |
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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- Elective: select 6 out of 15 |
18 |
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10. Financial analysis |
3 |
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This subject is very practical as it provides students with knowledge of financial analysis at an advanced level such as how to evaluate and analyze the industry as well as the firm’s business strategy choices in that industry to identify the firm’s profit drivers and key risks help businesses survive and develop, using case studies from well known publicly traded corporation in both the US and Vietnam. Students will also learn how to isolate noise from financial statements to focus on reliable background information and how to identify the corporate managers’ reporting strategy in order to restore and recast the firm’s financial statements, earnings and cash flows, to understand the true economic picture of their business. Also based on the reliable analysis of key financial ratios such as P/E, P/B, financial leverage and the sustainability of the firms’ income, the prospective analysis can be made appropriately. Students are also equipped with advanced knowledge of credit analysis and distress prediction. Following this principle, financial analysts will become truly useful for corporate executives, commercial banker, potential investor and supplier in helping them indentify the firm's ability to repay debt, thereby forecasting the likelihood of a business falling into financial distress and hence the potential change of the firm's stock price in the future. Finally, learners will be able to integrate corporate analysis into the financial analysis to advance the quality of the report. |
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11. Corporate valuation |
3 |
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The course Corporate valuation mainly focuses on techniques of valuations as well as its application. Specifically, the course presents the three valuation approaches in business valuation, which are income approach, market approach and asset-based approach. Besides, the course also covers contents regarding financial analysis and risk assessment, cost of capital estimation, discount rates and spread in valuation, valuation report and issue of small company valuation. This course is expected to provide students with knowledge and understanding on valuation methods and its application in the real life. Students are also expected to be able to state standards in valuation, to conduct an in-depth financial statement and risk analysis for valuation purpose, including economic and sector analysis; to identify and apply an appropriate valuation method among various methods; to calculate cost of capital; to apply valuation techniques in a small company and to prepare a valuation report. Upon completing the course, the students are expected to describe and explain the three methods of valuation, the advantages and disadvantages of these three methods as well as know their application in each specific situation. |
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12. Mergers & Acquisitions, Divestment |
3 |
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The course M&A Divestment covers contents regarding mergers, acquisitions and divestments. The course introduces fundamentals of mergers and acquisition (M&A) such as basic forms of acquisitions, legal and regulatory frame work of M&A, process of an M&A deals; M&A strategy, Takeover tactics; Defensive strategies; valuations in M&A deals; Taxation in M&A deals; Divestment and method of divestment; Laws of bankruptcy. The course is expected to provide students with knowledge and understanding on M&A activity. Students are expected to gain the knowledge of M&A activities, motives behind the mergers, basic principles of valuation of mergers and acquisitions, the sources of synergies, the types of risks inherent in this type of activity, the main methods of financing mergers and acquisitions; methods of protection against hostile takeovers; method of restructuring the companies. Students are also expected to have ability to analyze mergers and acquisitions of various types. Upon completing the course, the students are expected to describe and explain the legal settings in M&A settings, the value creation process of mergers, acquisitions and divestments, the main strategies applied in M&A settings, anti-takeover tactics, main difficulties and hurdles in M&A deals and the management of the execution risks of M&A deals. |
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13. 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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14. Entrepreneurial Finance |
3 |
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The course is intended to provide students with a deep knowledge of issues associated with the financing of innovation, particularly in new and growing ventures. The financial market for financing such entrepreneurs and private equity investing more generally differs fundamentally from capital markets considered in standard corporate finance: First, start-ups are young, mostly unprofitable companies, with short operating histories and little capital. Young firms face exceptionally high degrees of uncertainty, constraining financing and creating difficult decisions about financial contracting, keeping in mind that today's financial decisions may have implications for future opportunities and choices. Second, available capital markets for privately held companies are predominantly deal markets where terms and valuations are negotiated on a case-by-case basis, where investors can add value or are actively involved with the companies they finance. The course provides students with methods to assess business plans as well as methods to identify and value business ventures and growth opportunities; understand how the staged financing process of a new venture works; and analyse practical applications in negotiation, development of a business plan, and evaluation of real-life ventures raising funding. |
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15. Quantitative Finance |
3 |
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The course of Quantitative Finance at Postgraduate-level aims tol 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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16. Derivatives |
3 |
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This course provides knowledge about derivative securities and the derivative market. The course introduces concepts and properties of typical derivatives in the market. At the same time, students will be equipped with principles and methods of pricing popular derivatives such as options, forwards, futures and swaps. The most important role of using derivatives is to hedge risk. Therefore, in this course, topics about the application of derivatives for hedging risk will also be discussed. This course will equip students with derivatives valuation models and knowledge of hedging strategies using derivatives in different scenarios. |
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17. Risk Analysis & Modelling |
3 |
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This course presents quantitative methods of measuring and modeling risk in financial institutions such as banks, investment funds, and insurance companies. The course will cover: risk measures, univariate and multivariable models, value at risk, copula and dependency measures, extreme value theory, credit risk, and liquidity risk. The course will provide students with the understanding of techniques for developing and estimating distributions in risk management, risk models for individual and aggregate risk in a portfolio, characteristics of copula and dependent risk modeling, characteristics and application of extreme value distribution in risk management. |
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18. 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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19. Implementing Enterprise Risk Management |
3 |
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This course provides students with in-depth knowledge of Enterprise Risk Management (ERM), enterprise risk assessment methods and facilitation techniques. Moreover, practical aspects of ERM, including all elements of a robust risk management framework (people, systems, processes) and its operation also be included. Besides, students also approach and solve real situations about enterprise risk management programs of different businesses around the world. Through the knowledge and techniques learned, students can quantify risks, and recommend methods to manage an enterprise’s risk to optimize an enterprise risk management process. |
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20. 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. |
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21. Current Issues in Risk Management Practice |
3 |
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This course is seminar series on application in risk management. The course will provide students knowledge on current practice in the application of various risk management tools and risk management strategies. The course will also introduce students the financial regulatory environment and explore issues and strategies in financial risk management. The course is expected to provide students with knowledge and understanding on practice of risk management tools and risk management issues in real world. After completing this course, the students understand how practitioners and academics examine risk managment techniques and risk management strategies. This course also equips the students with knowledge of current financial regulation in the market. |
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22. Fixed Income Assets |
3 |
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This course covers contents regarding fixed income assets such as notably bonds and their defining characteristics. The course also covers bond risk and return, as well as bond valuation with consideration for the effects of possible additional clauses. The market for issuance of bonds is also covered. The course also introduces asset-backed securities, their structure and their application. Finally, the course presents a brief introduction into the fundamentals of credit analysis. The course aims to provide students with knowledge and understanding on basic features of fixed income assets; overview on global debt market, e.g. namely primary issuers, trading and funding and bond types; how to calculate and interpret bond prices, yields and spreads, risk and return, etc.; how to perform introductory level of credit analysis; and securitization of fixed income assets. Upon completing the course, the students are expected to describe and explain the main characteristics of fixed income assets; perform valuation of bonds, taking into account different possible clauses; describe and explain the structure as well as the merits and application of an asset backed security; identify relevant information for and perform credit analysis and build up self-study skills to get professional certificates in investment field (e.g., CFA). |
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23. Valuation, IPO and M&A |
3 |
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This course provides students with knowledge and skills of a special area of corporate finance from an investment and financial advisory services. It covers the business activities of corporate valuation, IPOs and mergers and acquisition (M&A). In this course, students are provided with knowledge of valuation methodologies currently used in financial markets, such as comparable analysis, discounted cash flow analysis. These methodologies are used to determine valuation for public and private companies within the context of M&A transactions, IPOs, etc. This course also provides a comprehensive foundation for M&A, both sell-side and buy-side, including process, strategies, deal structures and analytics. Additionally, this course also discusses about initial public offerings, providing students with fundamental knowledge of IPO such as an overview of the decision to go public, characteristics of strong IPO candidates, key participants, etc., as well as IPOs process. |
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24. Portfolio Management |
3 |
|
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. |
