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.
ECON6001
Applied Econometrics
General Information
This course examines how practical problems can be solved by using econometric methods. The emphasis is on the analysis of real world economic data using advanced statistical software. Topics include: estimation and testing of linear regression models, regression diagnostics, robust estimation, bootstrap, panel data, nonlinear least squares, discrete choice models and forecasting methods.
MFIN7021
Corporate Risk Management
5
Li, Zhelei
General Information
This course covers a specific subset of topics in corporate finance including risk management, hedging, capital structure, and liquidity management. The basic idea of the course is that all corporate financial decision-making is some form of risk management. They are centered on notions of asset liability matching and should be well aligned with each other and with management and capital market expectations. The objective of the course is to explain the theory of corporate risk management and to demonstrate some of its real-world applications. In particular, we will describe a 4-step corporate risk management process which includes defining a consistent risk strategy; quantifying market risk exposures; establishing an efficient benchmark and implementing risk strategies. We will also touch upon some recent development in derivative accounting and its implication to corporate hedging.
MFIN7010
Mergers & Acquisitions
Liu, Qiao
General Information
This course is structured based on some of the most commonly discussed and applied issues in mergers and aquisitions. It intends to offer the students an opportunity to study the M&A process, understand different ways of valuing a target, explore how different valuation implications affect potential deal structures, and find the driving forces behind the winning M&A strategies. Meanwile, it covers various aspects of the academic research on M&A.
Topics covered include, but not limited to, overview of M&A, M&A winning strategies, M&A process, valuation, synergies, M&A mechanics and implications, M&A theory and empirical evidence, corporate governance, ownership restructuing and etc. Case examples from varous industries and countries will be prominently discussed.
Extra Information
Equivalent to MFIN6004 Managerial Finance
MFIN7012A
Fixed Income Securities & Interest Rate Modelling
General Information
“Fixed Income Securities” covers bonds, loans, swaps, and all financial instruments relating to interest rates. These securities make up a very substantial proportion of all investment and financing. In this course we will learn about the design, functions and modelling of these securities. We will also learn how these many instruments are related to each other, and how to manage the risk associated with them. We will also see how the Hong Kong market and the US market are related to each other.
Extra Information
Equivalent to MFIN6005 Fixed Income Securities and Their Derivatives
Prerequisites:
1. Spreadsheet Modelling in Finance;
2. Derivative Securities;
3. Mathematical Techniques of Finance I; and
4. Fundamentals of Asset Valuation I
FINA2802A Investments and Portfolio analysis
Semester : 1
For Student of Year : 2
Lecturer : Wong, C. General Information
This course introduces students to the fundamental principles of investments and to major issues currently of concern to all investors. The concepts and skills developed from this course enable students to conduct a sophisticated assessment of current issues and debates covered by both the popular media as well as more-specialized finance journals. We emphasize on equity part and the main topics include: portfolio theory, equilibrium in capital markets, equity valuation, portfolio performance evaluation, and relevant institutional details. This course is essential to those planning to become an investment professional or a sophisticated individual investor.
Extra Information
Prerequisite: For students admitted to 1st year of study in 2005-06 or before: BUSI0016/FINA1002 Introduction to finance. For students admitted to 1st year of study in 2006-07 or after: FINA1003 Corporate finance
Mutually exclusive course: STAT3806 Investment and asset management
ECON2101 Microeconomic theory
Semester : 1 & 2
For Student of Year : 2
Lecturer : Xu, S. General Information
The laws of demand, supply, returns, and costs; price and output determination in different market situations; theory of factor pricing and income distribution; general equilibrium; interest and capital.
Extra Information
Mutually exclusive course: ECON2113 Microeconomic analysis
ECON0210 Investment, technology, and economic growth
Semester : 2
For Student of Year : 2 & 3
Lecturer : Cheung, Michael T.
Email : mcheung@econ.hku.hk General Information
The course begins by reviewing the neoclassical micro- and macro- theories of investment in ‘physical’ assets like plant and machinery. The analysis is then extended to incorporate technological change, especially with regard to its impact on the relationship between investment and economic growth. As far as possible, the exposition will be non-technical.