MBA Online

Management Science and Computer Based Modeling
Business involves dealing with numbers. Numbers are then used strategically to make business decisions. This course is about how to formulate business problems involving numbers and how to solve them using the latest computer tools. The course introduces modeling techniques for resource allocation, operational, and other managerial problems. The course will make full use of computer tools (Excel, CrystalBall and Macros) that integrate the knowledge and implementation skills to solve such managerial problems. It is assumed that students who take this course have familiarity with Windows environment on a PC and have basic Excel skills. This is a core course that is required for all MBA first year students.

Faculty of Economic at The University of Tokyo

4102: Game Theory
Summer Matsui
We study game theory and its applications. Lectures are given in Japanese.
Contents (subject to change):
Noncooperative game theory: games in strategic form, games in extensive form, Nash equilibrium and its refinement, backward induction, dominance
Applications: oligopoly, information economics (lemon, moral hazard, information cascade), mechanism design (including public goods, contract, auction, matching), repeated games, evolution, induction
Cooperative game theory: games in characteristic function form, core, (vN-M) stable set, other solution concepts
See details, including textbooks, in the instructor$B!G(Bs home page

Faculty of Economic at The University of Tokyo

012: Advanced Microecnomics
Summer/WinterKamiya & Matsui
Introduction to theories of consumer behavior, firm behavior, general equilibrium, and uncertainty.
In winter, we study game theory and its applications. Contents (subject to change):Noncooperative game theory: games in strategic form, games in extensive form, Nash equilibrium and its refinement, backward induction, dominance

Applications: oligopoly, information economics (lemon, moral hazard, information cascade), mechanism design (including public goods, contract, auction, matching), repeated games, evolution, induction
Cooperative game theory: games in characteristic function form, core, (vN-M) stable set, other solution concepts

1301: Business Administration
Winter N.Takahashi
Introductory class on Management Theory. The lecture gives theoretical foundation and current issue on the basic topics of management. Main contents (and key words) are as follows:
(1) Introduction (managerial renaissance)
(2) Diversification (survival time, diversification strategy, M&A)
(3) Portfolio (product portfolio management, learning curve, global management)
(4) Executive (managerial capitalism, separation of ownership and control, visible hand)
(5) Group (Zaibatsu, managerial revolution, organizational capabilities)
(6) Culture (dimensions of national culture, corporate culture, organizational activation)
(7) Function (management process school, functions of executives, essentials of management)
(8) Strategy (strategy and structure, game theoretic strategy, essentials of strategy)
(9) Organization (systems approach, program, firm as boundary, technical core, self-determination)
(10) Principle (decision principles, evolution of cooperation, Japanese style of management, lukewarm feeling, decision-making by flight, perspective).
Basic textbook is Managerial Renaissance (3rd Edition) by Nobuo Takahashi (Yuhikaku, 2006).

MFIN7005B
Fundamentals of Asset Valuation I
Chan, Alex W. H.
General Information
Asset valuation is the core skills of financial analysts and asset managers. This course covers fundamental asset valuation concepts and techniques in three major areas: equity valuation, fixed income securities and corporate finance. Equity valuaiton covers basic skills of risk and return analysis, the fundamental equity valuation concepts and different equity valution models. Fixed income securities examine the concepts of term structure, yield measures, duration, convexity, credit ratings and immunisation investment strategies. Corporate finance covers various corporate finance theories related to decision making of corporate managers.

MFIN7005A
Fundamentals of Asset Valuation I
Chan, Alex W. H.
General Information
Asset valuation is the core skills of financial analysts and asset managers. This course covers fundamental asset valuation concepts and techniques in three major areas: equity valuation, fixed income securities and corporate finance. Equity valuaiton covers basic skills of risk and return analysis, the fundamental equity valuation concepts and different equity valution models. Fixed income securities examine the concepts of term structure, yield measures, duration, convexity, credit ratings and immunisation investment strategies. Corporate finance covers various corporate finance theories related to decision making of corporate managers.

Master of Finance Information Session
14th Jan., 2008 / 1st Feb., 2008

Program Mission

The HKU Master of Finance (MFin) Program is an interdisciplinary program aiming to provide motivated individuals with not only cutting-edge training in financial theory, but also the necessary mathematical, statistical and computer training, allowing them to apply the knowledge in a multitude of financial disciplines: pricing derivative instruments and securities, modelling and forecasting financial markets, hedging and financial risk management, credit risk management, insurance and reinsurance, quantitative trading and arbitrage training, asset allocation and investment management, and asset/liability management.

Successful graduates will enjoy a competitive advantage in a wide range of career opportunities in commercial and investment banks, brokerage and investment firms, insurance companies, treasury departments of non-financial corporations, regulatory agencies, and also consulting and accounting firms.

Program Overview

The MFin Program offered by the Faculty of Business & Economics represents an optimal mix of fundamental and cutting-edge knowledge in all areas of modern finance. The program includes four basic courses in Financial Analysis that are based on the Chartered Financial Analysts (CFA) curriculum, specifically designed to broaden the candidates’ knowledge of Quantitative Analysis, Financial Statement Analysis, Economics and Fundamentals of Asset Valuation, such as investment valuation and portfolio management. These four courses, which will allow students to gain a solid knowledge base to prepare for all levels of the CFA examination, make up the Fundamental Core Module.

After successful completion of the Fundamental Core Module, students will continue their studies in either the Risk Management Stream, or the Financial Engineering Stream. The Risk Management Stream has a core module of five courses, and the Financial Engineering Stream has a core module of six courses. Students will then take elective courses to make up a total of twelve courses in order to graduate.

Program Details

The Program offers two streams: 1) Financial Engineering, and 2) Risk Management. Students may concentrate in either one of the two areas according to their interests and career aspirations. Students can be awarded the degree with a Double Major in Financial Engineering and Risk Management provided that they have successfully completed the core courses in both areas plus 3 other electives.

The faculty of Master of Finance comes from a variety of educational backgrounds: finance, economics, statistics, mathematics, law, accounting, computer sciences as well as other quantitative disciplines. Successful graduates will enjoy a competitive advantage in a wide range of career opportunities in commercial and investment banks, brokerage and investment firms, insurance companies, treasury departments of non-financial corporations, regulatory agencies, and also consulting and accounting firms.

Who Should Apply

This Program is designed for professionals who have a keen interest in finance, preferably for those who have working experience in financial institutions, banks, or government regulatory bodies.

Marketing Strategy
An examination of the role of marketing in creating value for customers that, in turn, leads to the creation of value for other firm stakeholders. It seeks to prepare future CEOs and general managers to deal with core marketing issues by providing a way of thinking strategically about the firm’s products, services and markets.

ECON0106 Games and decision

Semester : 1
For Student of Year : 2 & 3

This course offers an introduction to game theory. It covers core concepts in game theory and its applications. The core concepts include sequential games, game tree, subgame-perfect equilibrium, simultaneous games, game table, Nash equilibrium in pure strategies, mixed-strategy Nash equilibrium, and expected utility. These concepts are used to provide analyses of the role of reputation, and penalties and rewards in sustaining cooperation; the importance of credibility in commitments, threats and promises; the problems, and solutions, of public goods and externalities; behavior under asymmetric information: moral hazard, adverse selection, signaling, and screening; and interaction between individuals when the assumption of perfect rationality is relaxed.

Course Structure for 2008/09

There are success skill courses, knowledge courses and elective courses. Candidates are required to complete all four success skills courses, nine core courses and a total of six elective courses.
SUCCESS SKILLS COURSES
Business communication (half course)
Business ethics and law (full course)
Creativity and business innovation (full course)
Leadership (half course)
CORE KNOWLEDGE COURSE
Accounting for business decisions
Competitive strategy
Corporate finance
Decision and risk analysis
Global Economy
Managerial economics
Organization behavior
Strategic information systems
Strategic marketing management
ELECTIVE COURSES
Advanced Corporate Finance
Business Law
Current Topics in Human Resource Management
Derivative Securities
Entrepreneurship, Creativity and Innovation
E-Transformation
Fast Companies
Game Theory and its Application in Business
Marketing Research and its Business Application
Project Management
Risk Management
Strategic Marketing Management

Curriculum
Length of curriculum

The curriculum shall extend over not less than two academic years of part-time studies in Shanghai.
Completion of curriculum

To complete the curriculum candidates shall follow instructions on the prescribed syllabuses, attend the required seminars and tutorials, complete satisfactorily the prescribed written assignments, case workshops, class tests and projects, and such other practical exercises as may be prescribed, and satisfy the examiners in the prescribed examinations.