ECON6033
Corporate Finance
General Information
This course focuses on financial decisions in the modern corporation. The basic topics to be covered include: capital budgeting, cost of capital, capital structure, dividend policy, public offerings, and incentives and contacting problems. There will also be some treatment of mergers and acquisitions, and corporate governance. The course objective is to integrate these various topics into standard theories of risk and return, and the valuation of assets in order to provide a theoretical framework for considering corporate finance problems and issues, with an understanding of how it applies to the real world.
Tags: Budgeting, Corporate Finance, course, Courses, dividend, Faculty of Economics, framework, General Information, Governance, MEcon, Understanding, university, University of Hong Kong, world
Category : University of Hong Kong
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FINA0304 Advanced Corporate Finance
Semester : 1 & 2
For Student of Year : 2&3
The objective of this course is to introduce the theoretical literature on the microeconomics of corporate finance in a unified framework. Topics covered include: corporate financing and agency costs, corporate financing under asymmetric information, liquidity and risk management, corporate finance and product markets, passive and active monitoring in corporate finance, lending relationship and investor activism, control rights and corporate governance, and takeovers. Subtle elements of information and agency considerations are emphasized.
Extra Information
Pre-requisite: FINA1003 Corporate finance
Mutually exclusive course: FINA0302 Theories of
Corporate Finance
An introductory finance course designed to give you the tools necessary to value a company by projecting its free cash flow and discounting it at an appropriate rate. It shows you how to use ratio analysis to assess corporate performance, and project financial statements and cash needs.
ECON6017
Financial Economics
General Information
This course is a survey of capital and investment theories, which are the basis of the analysis of finance. Topics include: Fisher's separation theorem, investment theory and some investment econometrics, expected utility theory, portfolio selection, and other applications, intertemporal models with uncertainty and transaction costs.
ECON6031
FINA0805 Real estate finance
Semester : 2
For Student of Year : 2 & 3
An introduction to real estate economics, mortgage market, real estate auctions in Hong Kong, pre-sale market in Hong Kong, pricing of land and residential/commercial properties, mortgage-backed securities and mortgage company.
ECON6035
Political Economy of Economic Policy
General Information
This course studies the relationship between the state and the market economy, especially highlighting the costs and benefits of economic policy interventions. Topics include: the economic value of the rule of law, property rights and institutional change, promoting competition and regulating markets, rules versus discretion in monetary, fiscal and exchange rate policy, and regionalism versus federalism. Selected case materials based on historical and contemporary examples will be used in classroom discussions, including international examples with emphasis on Hong Kong, China and Asia.
ECON6036
ECON6032
International Trade and Finance
General Information
The first part of the course covers the pure theory of international trade. Topics include: strategic trade theories and trade policies, comparative advantage, factor-price equalization, gains from trade, tariff and quota, factor mobility, and multi-lateral trade agreements. The second part of the course covers the theory of international finance. Topics include: the balance of payments, exchange rate regimes, currency crises, and the international capital market.
Extra Information
This course is not open to students who have taken ECON6008.
ECON6007
Industrial Organization
General Information
This course covers alternative forms of economic organizations, including the contractual nature of the firm, the meaning of monopoly and patent rights, the extraction of consumer surplus, and the purpose of integration and franchise arrangements. Government regulations will be discussed whenever appropriate.
Game Theory and Applications
General Information
This course covers game theory and its applications to various fields of economics. It studies static games with complete information, dynamic games with complete information, static games with incomplete information, dynamic games with incomplete information, and the equilibrium concepts corresponding to these games. It considers applications of these concepts to the study of industrial organization, international trade, labor economics, public economics, corporate finance, and monetary economics. Applications to auction and bargaining are also considered. Finally, it offers an introduction to mechanism design and its application to the procurement problem.
FB2801 Experiencing Hong Kong
Course Aims & Objectives:
The aims of this course are to enhance students understanding of the formation of cultures and subcultures; awareness of the formation of Hong Kong culture and it's subcultures. Upon completion of the course, students should have gained:
First hand experiences of different aspects of Hong Kong culture
Insights on the development of Hong Kong's many subcultures, and how they affect the livelihood of Hong Kong people
Perception of the cultural development of Hong Kong in the future
Units: 1
Level: A/B
Keyword Syllabus:
Concepts and definitions of culture and the making of Hong Kong culture. The power of media in the
ECON6012
Macroeconomic Theory
General Information
This course covers neo-classical macroeconomics, the Keynesian model and its problems, the consumption function and investment and economic fluctuations, supply and demand of money, the counterrevolution in monetary theory, inflation and unemployment and alternative policies for dealing with them, and open economy macroeconomics.
ECON6053
Selected Topics in Financial Economics
General Information
This is a special course that deals with various topics of financial economics. Topics covered may vary from year to year, depending on the research interests of the instructor.
ECON0603 The economic system of Hong Kong
Semester : 2
For Student of Year : 2 & 3
The course provides a comprehensive discussion of the salient aspects of the Hong Kong economy. Topics include Hong Kong's national income accounting and economic development, the monetary system and exchange rate regime, the financial system, public finance and fiscal policy, external trade and foreign investment, economic relations with the Mainland, the labour market and employment, the property market and housing policy, regulation of public utilities and competition policy, industrial development and policy, and income distribution. Emphasis will be given to both economic analysis and institutional
FINA3806 Risk management
Semester : 1
For Student of Year : 2 & 3
This course introduces students to the techniques for corporate financial risk management. Topics include identification and measurement of financial risk, risk management with different financial instruments, such as forwards, futures, options, and other innovations, and some cases studies about applications of risk management.
Extra Information
Prerequisite: FINA0301 Derivative securities or FINA0301 Derivatives; and FINA0302 Theories of corporate finance or FINA0304 Advanced corporate Finance; and FINA2802 Investments and portfolio analysis
FINA0003 Current Asian finance: issues, ideas and practices
Semester : 2
For Student of Year : 1
Lecturer : Liu, Qiao
This course aims to provide students with an understanding of the most important issues in Asian financial markets, develop their interests and knowledge in areas related to business and finance in Asia (with a focus on Hong Kong), and give them hands-on experience in writing reports and presenting analytical results.
Extra Information
Remarks: Open only to students of the Faculty of Business and Economics.
FINA0303 B Case studies in corporate finance B
Semester : 2
For Student of Year : 2&3
Lecturer : Liu, Qiao
This course is structured around the most important financial decisions made at firm level in an uncertain environment. For examples: what capital structure to adopt (financing decision); how to value a firm or investment project (investment/valuation decision); how to raise capital in the equity market (IPO decision); what mechanisms to put in place to discipline manager and the largest shareholder (corporate governance decision); whether to return cash and how to return cash to investors (dividend/share repurchase decision); and whether a firm should