CBEB2308 Money and Banking
CBEB2310 Islamic Finance
CBEB2311 Financial Econometrics
CBEB2313 Mathematics for Finance
CBEB2320
Treasury Management
CBEB2321
Applied Financial Planning
CBEB3301
Risk Management and Insurance
CBEB3302
Investment
CBEB3308
Derivatives Market
CBEB3309
Bank Management
CBEB3310
Financial Markets and Institutions
CBEB3312
International Finance
Product Development Strategy
Product development is vital to ongoing business growth. Students will learn to develop strategies to respond to the changing needs of consumers, new technology, product lifecycles, and intensified competition at both domestic and international levels. The processes of concept development, product creation and market testing will be examined, and product development will be examined within a comprehensive business strategy approach.
New Product Development
The ability to successfully develop and launch a new product into the market is one of the fundamental skills that today’s business executives must understand. This course examines the most successful strategies, processes and methods used to bring a product from idea generation to market launch. Students will examine the institutional implications of new product development, barriers to success, and effective methods to drive a new product concept through the entire development cycle. Emphasis will be placed on the ability of marketing managers to integrate R&D, consumer and corporate views while guiding a product along the development path. This course will look at a number of industries including high technology, Internet, financial services and manufacturing.
Value-Based Management for Japan
The course focuses on performance measures such as chas flow and EVA (Economic Value Added), etc. that are linked to the market value of the company. The first half will provide a solid theoretical foundation by covering several practical applications. The latter half of the course is reserved for discussion on how the basic knowledge of corporate finance theory can be integrated into various management processes including monitoring, capital budgeting, M&A, operation, and incentive compensation in order to maximize corporate value.
Private Equity & Venture Capital
Anywhere in the world, mobility of people, technology, and money are behind the creation of new entrepreneurial firms. Venture capitalists are more and more willing to pick-up these opportunities locally, with their strategic decisions on industry sectors and geographic focus shaping the venture business of the next five-ten year. The Asia-Pacific region, with its fastest growing economies, buoyant stock-markets and huge market-places, could be find itself at the centre of a new wave of venture-funding.
�gPrivate Equity & Venture Capital�h course aims at addressing the fundamentals underlying this phenomena, analysing the industry from an Asia-Pacific region perspective, with emphasis on Japanese venture capital funding in ICT industry. Students will be exposed to a description of venture capital industry, relying on live-presentations of venture capital executives active mainly in Asia , and encouraged to analyse their own country’s market.
Faculty of Economic at The University of Tokyo
4094: Equity Portfolio Management
Winter Takehara
The course covers financial theory and its application to the problems of equity portfolio management. What follows to be lectured in this order.
1. Capital Asset Pricing Model
2. Structured Risk Model
3. Fundamental Law of Active Portfolio Management
4. Equity Valuation
5. Portfolio Construction
6. Market Impact Model
7. Performance Analysis.
ICS , Graduate School of International Corporate Strategy
[Term 3] Competitiveness of Firms & Clusters (Y. Ishikura) (2009/Term 3&4 (Spring&Summer))
Today, competitiveness is discussed extensively at multiple levels: the level of the firm, city, region, and/or country. There are many competitiveness rankings available, addressing different levels, such as the Global Competitiveness Report by the World Economic Forum. Competitiveness has become an important issue not only for the firm but also the nation/city/region, partly because of the advancement of ICT (Information & Communication Technology) and of globalization.
This course explores the determinants of competitiveness and economic development viewed from a bottom-up, business perspective. While sound macroeconomic policies, stable legal and political systems, and investment in human and physical capital create the potential for competitiveness, wealth is actually created at the business level. The sophistication and productivity of firms, the vitality of clusters, and the quality of the business environment in which competition takes place are the ultimate determinants of a nation’s or region’s productivity. Wealth is created not by governments, but by companies in the private sector.
This course covers both developing and advanced economies, and addresses competitiveness at the level of nations, regions, or cities within nations, clusters, and groups of neighboring countries. A major theme of the course is that competitiveness and economic development are affected by circumstances and policies at all of these levels.
The course is concerned with the role of government, and also with the roles of firms, universities, and other institutions in determining competitiveness. In modern international competition, the roles of these constituencies have shifted and expanded, and the traditional separation between them has worked against successful economic development.
Under these circumstances, business executives today are expected to play a more active role in shaping the business environment, which determines a nation’s, region’s, or city’s productivity. They are expected to have global and inter-disciplinary perspectives. They can no longer be concerned only with the domestic market or their industry. As world trade continues to increase, an open system for innovation is becoming more prevalent, and financial trouble originating in one market can affect the world very quickly.
Business executives can no longer focus only on the bottom line, as “companies can help create a better society while improving their bottom line, by focusing on contributions aligned with their core competencies and corporate missions…” (quoted from the WEF 2008 summary, Corporate Global Citizenship in the 21st Century”). As was pointed out at the WEF annual meeting in 2008, the collaboration of businesses, governments, and NGOs is perceived to be critical in resolving global issues, such as energy and the environment in today’s globalized world.
This course attempts to address these emerging issues facing future leaders, whether they are in companies, governments, other institutions, or civil society organizations. As such, this course is different from most MBA courses in the following respects. First, it is not purely a management course, but a course focused on economic development and prosperity. While it explores implications for companies and the new, expanded role of business executives, the course discusses the roles of other important constituencies, such as government and social entrepreneurial organizations.
The ability to mount and sustain a competitiveness improvement strategy for a nation or region is a daunting challenge. Thus, the course will explore not only theory and policy, but also the nature of the organizational structure, institutions, and processes required for sustained improvements in competitiveness.
Some of the questions which have emerged from past attempts to deal with the issue of competitiveness, economic development, and prosperity include the following:
• How can the economy move from one that is resource-based (such as those dependent on oil and other natural resources) to one that is investment-based and diversified?
• How can we create an innovative economy?
• How do we make these changes happen, as the process of improving competitiveness involves many diverse organizations with different agendas, mentalities, and thought processes?
The course was originally created by Professor Michael E. Porter at the Harvard Business School. It is offered not only in the Harvard University community, but also simultaneously by professors at other universities around the world.
Course Structure
The course consists of Three Modules. Module I discusses Firms, Industries, and Locations. Module II covers the Microeconomic Business Environment, which is the main topic of the course. Module III refers to the Economic Strategy for Nations, States and Regions. Advanced topics will be covered as well.
The course will build on topics such as “firms and industry competition” (covered in the Competitive Strategy course in Term 1) and problem definition and implementation (covered in the Problem Solving course in Term 2). The course will also touch upon issues such as the Mission, Vision, and Value of individual leaders, which will be covered during the Knowledge Week offered in June.
Teaching Method
The course will be taught using the case method, together with readings, lectures (both real and virtual), and guests (both real and virtual).
As it is a joint course with HBS and other institutions throughout the world, content is shared via the Internet.
We will show some videos of Michael Porter’s lectures and of the guests at the Harvard Business School. In addition, we plan to have some guests just for ICS.
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.
ECON6015
Public Economics
Bergin, Jim
General Information
This course covers the positive and normative analyses of the public sector in relation to efficiency and equity. It provides a better understanding of the making of public policy under asymmetric information and limited commitment, and the role of incentives in public administration. Topics include: market failure, welfare criteria, public goods and externalities, social choice and voting, income distribution, public pricing and investment, cost-benefit analysis and project appraisal, and the regulation of public enterprises.
ECON6034
Competition, Regulation and Business Strategy
General Information
Most governments in developed and developing economies attempt to maintain competition environment in the market place or to use regulatory measures to achieve economic efficiency. This course studies the economics of competition and regulations, through the application of competition law on business, the regulation of natural monopolies, the practices of competition law and regulatory institutions. The topics covered help to understand why some business practices affect the competition; how governments regulate the market safeguarding the competition and efficiency; and how business strategies should be formulated in the regulated environment.
ECON6037
Economic Forecasting
General Information
This course introduces basic techniques of forecasting, based on economic and structural time series models. ARIMA and regression models with trend, season, and cycle components will be considered. The hands-on experience in applying the techniques to real-world problems is emphasized. Topics include: basics of linear regression, modeling and forecasting trend and seasonality, basics of ARIMA models, forecasting cycles, forecasting with regression models, evaluating and combining forecasts, unit roots, stochastic trends, ARIMA models, and volatility models.