Postgraduate Courses
FINA
Finance
- FINA 5110Central Bank Operations[2-0-0:2]Previous Course Code(s)FINA 6910FDescriptionThis course is designed for students who intend to work in the finance industry as economists or strategists (e.g. rates strategist), both on the sell-side or the buy-side. This course starts from the fundamentals of central banks, particularly the balance sheet and relates it to central bank operations and the money creation process. The course will deep dive the Federal Reserve, covering both traditional and non-conventional policy tools. By incorporating macroeconomic diagnostics, students are encouraged to put themselves in the shoes of policymakers and predict policy decisions. This course will also study the monetary policy transmission mechanism and the link between financial and real sectors. In addition, this course links policy decisions to the pricing of assets, such as rates. The core principle of this course is “Learning by Doing”: students will be given plenty of opportunities to conduct data analysis to study the monetary policy impact to financial markets and real economy.
- FINA 5120Corporate Finance[2-0-0:2]Exclusion(s)IMBA 5070Mode of Delivery[BLD] Blended learningDescriptionValuation of cash flow streams (PV of cash flow streams, annuities, and perpetuities); valuation of bonds; valuation of stocks using dividend discount model; capital budgeting decisions (NPV, IRR, payback); capital structure; limits to the use of debt (trade-off models); estimation of cost of debt and equity; WACC; terminal value.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Define and analyze the objective of the firm.
- 2.Apply the concept of time value of money and discounting cash flows to situations when the cash flows and the discount rate is known.
- 3.Analyze the pros and cons of the common methods used in firms to evaluate and pick investment projects, and examine why the net present value (NPV) rule is the only one that is consistent with maximizing firm value.
- 4.Outline the principles for identifying the cash flows that needs to be discounted to calculate the NPV of a project.
- 5.Calculate the weighed average cost of capital and apply this to a real company.
- 6.Apply the above tools to cases that involve deciding whether to take a project and to merger decisions.
- FINA 5140Advanced Topics in Financial Management[2-0-0:2]Prerequisite(s)FINA 5120DescriptionValuation of projects (advanced capital budgeting); estimating cost of capital; risk assessment of projects; decision tree analysis; real option valuation of projects; warrants and convertibles; leasing; dividend policy.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Solve real world finance problems that are often encountered by corporate financial managers, bankers, and asset managers.
- 2.Work effectively in a team with people from different background.
- 3.Design financial strategy and present findings, insights, and advices in an accurate manner to future clients in the financial industry.
- FINA 5150Corporate Risk Management[2-0-0:2]Prerequisite(s)FINA 5120/FINA 5210 and FINA 5290DescriptionPractical and theoretical issues in risk management from the corporate end-user's perspective; benefits and optimal strategies of risk management; current cases which have been debated in the media.
- FINA 5190Family Business[2-0-0:2]DescriptionThis course is tailored for individuals who are currently working in or are contemplating to work in a family business, either as a family member or a non-family executive. The material covered also gives greater understanding of the dynamics of family business for current or future private and investment bankers, family office professionals, accountants, lawyers and other service professionals working closely with families of wealth in the region.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Summarize the fundamentals of family business including its definition, importance, complexity, and how it differs from non-family business
- 2.Analyze the factors contributing to the longevity of family businesses, and the causes for the potential early demise, especially for ethnic Chinese family businesses
- 3.Design suitable wealth management strategies, structure and governance systems for wealth creators to preserve family wealth, family legacy, and harmony across generations
- 4.Prepare future leaders of family businesses
- 5.Identify the similarities of and differences between Chinese family businesses and those from other ethnic groups around the world
- FINA 5200Asset Management[2-0-0:2]Previous Course Code(s)FINA 6900ODescriptionThe course will analyze asset management through the lens of risk --- including defining risk, diversification, hedge, leverage, and risk premium --- in the context of bonds, stocks, derivatives, and alternative investments. The course serves as an introduction to capital markets, discusses basic concepts in these markets that anyone who wants to work in asset management should know (though these concepts are not easy and technical tools are sometimes required), and lays the foundation for taking more advanced courses.
- FINA 5210Investment Analysis[2-0-0:2]DescriptionAn introduction to fundamental concepts in investment analysis. The first part covers risk and return tradeoff, portfolio diversification, and modern portfolio theory including the capital asset pricing model and arbitrage pricing theory. The second part covers basic analytical tools used in analyzing fixed income securities. Topics include interest rates and yield curve mathematics, duration and convexity.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Apply Utility theory in finance, evaluate the risk-return tradeoff, and derive the ‘correct’ price for financial assets using models such as the CAPM.
- 2.Practically apply CAPM & other models (e.g., Fama-French 3 factor model) in excel-based applications.
- 3.Examine efficient markets, behavioral finance, and some trading strategies based on perceived violations of efficient market theory.
- FINA 5220Equity Investment Management[2-0-0:2]Prerequisite(s)FINA 5210DescriptionThe course covers the complete investment process including: constructing investment objectives, outlining investment policies; choosing asset allocations; monitoring investments; and measuring performance. Practical issues relating to investment style, active management, and passive management are discussed. Advanced techniques in portfolio construction such as the Black-Litterman model and multi-factor models are studied.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Apply the concepts of diversification, and adopt risk hedging, and optimal portfolio model to search for an optimal risk-return profile for a risky portfolio.
- 2.Apply multi-factor risk model in active equity investment management.
- 3.Analyze the effect of asymmetric information and liquidity on equity portfolio.
- FINA 5230ESG Investing[2-0-0:2]Prerequisite(s)FINA 5120DescriptionThis course puts together a collection of industry cases, projects and academic papers on Sustainable Investing, also known as ESG Investing. It is an investment approach that integrates three additional factors - environment (E), social (S) and governance (G), into security analysis and portfolio allocation. As the industry successfully adopts these factors into their double bottom line financial analysis, only a handful of courses - such as this one - would tackle the subject. This course will discuss the market terminology, practices, usages and dollar impact of ESG factors. The main focus is on the identification, measurement and the materiality of ESG indicators. The students will learn that financial analysis with ESG integration provides the basis for a more informed investment decision. Discussion on existing academic papers will shed light on the cost and benefits of sustainable investing. This course will empower the students with cutting edge information, tools and solid research on the subject.
- FINA 5240FinTech Analytics[2-0-0:2]DescriptionThe course will be based on the open-source Python language which provides a wide variety of statistical and graphical techniques, and is well-suited for data manipulation, calculation and graphical display. The first part of the course will be for general introduction to Python, and then use of specific tools like matrix manipulation, optimization, random numbers and simulation, etc. will be illustrated with financial applications. Some familiarity and prior experience with a proper programming language, beyond standard Excel, is recommended.
- FINA 5250Empirical Methods in Finance[2-0-0:2]DescriptionThis course studies the techniques of empirical investigation in finance. Students are introduced to recent empirical findings based on asset pricing and corporate finance models. The course includes a selection of econometrics topics and their finance applications. Students will apply the techniques using a programming language.
- FINA 5260FinTech: The Future of the Financial Industry[2-0-0:2]Previous Course Code(s)FINA 6910ADescriptionThis is an introductory course to Financial Technology (FinTech) which includes Insurance Technology (InsurTech) and Regulation Technology (RegTech). The student will have a solid understanding of the underlying information technology being applied in various innovative business models to disrupt the finance and banking landscape globally. The critical business, social/ethical, legal and technology issues and the related risks faced by corporate executives when planning FinTech projects using quant finance models, DLT, crypto-token, AI, big data and algorithms to drive innovations in banking and finance will be discussed in class. Live demos will be conducted to illustrate the proof-of-concept and their applications in real world scenarios. Key industry developments and the impact to stakeholders will be examined.
- FINA 5270Portfolio Management with Fintech Applications[2-0-0:2]Previous Course Code(s)FINA 6900YPrerequisite(s)FINA 5120DescriptionThis course will focus on the key dimensions of Portfolio Management with FinTech Applications, and will give a predominant place to Artificial Intelligence, as a way to process and leverage the “Big Data” and automate the Portfolio and Wealth Management processes. The course will begin by a brief review of the fundamentals of Portfolio Management, FinTech and Artificial Intelligence and the advances in technology and data that has led the industry to where it is today. It will then delve into the Asset Management and Wealth Management value chains through a series of applications that enable students the critical skills they need to operate as expert actors in FinTech. The course will also expose students to the existing FinTech landscape and ecosystem within the portfolio management industry and will also touch upon on how Artificial Intelligence augments humans to make them better portfolio and wealth managers.
- FINA 5280Smart Applications of Distributed Ledger Technology[2-0-0:2]Previous Course Code(s)FINA 6910BDescriptionBlockchain and Distributed Ledger Technology (DLT) are growing in use. This course covers the fundamental concept, design and implementation of the distributed ledgers and blockchain technologies in FinTech, InsurTech and other business areas. The characteristics and properties, as well as misconceptions, of blockchains will be discussed.
- FINA 5290Derivatives Analysis[2-0-0:2]Prerequisite(s)FINA 5120DescriptionBasic characteristics of derivatives instruments such as forwards, futures, options, and swaps. Topics include pricing of futures and forward contracts, forward-spot basis risk, option strategies, put-call parity and introduction to the Black-Scholes model. The development and use of interest rate and currency swaps are also discussed.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Understand the mechanics of the derivatives markets including futures, options and swaps.
- 2.Use derivatives for hedging risks.
- 3.Use derivatives for trading various views on direction and volatility.
- 4.Explain price derivatives and analyze how prices change with respect to different factors.
- FINA 5300Advanced Derivatives Analysis[2-0-0:2]Prerequisite(s)FINA 5290DescriptionAdvanced techniques in option pricing and derivatives risk management. Topics include the binomial model, risk-neutral valuation, extension of the Black-Scholes pricing model and option Greeks. The course will also include discussion and analysis of options on futures, interest rate options such as caps and floors, and some popular OTC projects such as equity linked notes and principal guaranteed funds.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Demonstrate working knowledge of advanced techniques in option pricing and derivatives risk management.
- 2.Apply the No Arbitrage principle to price derivatives in an efficient financial market.
- 3.Develop price derivative securities using the binomial model, risk-neutral valuation, the Black-Scholes model.
- 4.Implement various hedging techniques based on option Greeks.
- FINA 5330Investment and Finance in China and Asia[2-0-0:2]DescriptionThis course provides a practical understanding of foreign investment in China and Asia, and how financing is used for trade and investment in the region. Students will be able to develop ability to successfully complete deals in China and other Asian markets through taking this course.
- FINA 5360Fixed Income Analysis[2-0-0:2]Prerequisite(s)FINA 5210DescriptionIncludes techniques in fixed-income portfolio management and introduction of fixed-income derivatives. Topics include term-structure theories, yield-curve fitting techniques and yield curve trading strategies, portfolio performance evaluation, floating rate securities, forward rate agreements, bond and interest rate futures, and interest rate swaps.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Identify basic valuation techniques of the traditional fixed-income securities, based on concepts as price-yield relationship, alternative definitions of yields, price sensitivity measures (durations and convexities).
- 2.Calculate spot rates, discount factors, forward rates, par-bond yields, holding period returns, and knowledge of classical theories of the term structure of interest rate.
- 3.Implement yield-curve fitting techniques and some simple portfolio strategies.
- 4.Recognize more advanced concepts like repos and floating rate, and the necessary economic intuition and quantitative skills.
- FINA 5370Equity Valuation[2-0-0:2]Prerequisite(s)FINA 5120Exclusion(s)FINA 5350 (prior to 2023-24)DescriptionBasic valuation approaches including dividend discount model, free cash flows model, and valuation by multiples; measures of company performance and value added; valuation in special situations such as emerging markets, closely held companies, mergers, and divestitures.
- FINA 5390Venture Capital and Private Equity[2-0-0:2]Prerequisite(s)FINA 5120DescriptionTopics include: (1) An overview of the venture capital and private equity markets in Asia; (2) Deal structuring; (3) Valuation techniques; (4) Due diligence and post-investment management; (5) Understanding the terms in term sheets; (6) Negotiating term sheets; (7) Going public, trade sale and other exit strategies. Real-world examples from throughout Asia will be used to illustrate these topics.
- FINA 5410Market Microstructure[2-0-0:2]Prerequisite(s)FINA 5210DescriptionThe course is designed to provide students with an overview of how supply equals demand in real-world financial markets. After taking this course , students would be able to appreciate the frictions existing in actual financial markets - bid-ask spreads, trade impact on price, brokerage commissions, quantity limitations, time delays, market manipulation, etc. - and be able to devise trading strategies that minimize these frictions.
- FINA 5440Risk Management for Financial Institutions[2-0-0:2]Prerequisite(s)FINA 5120 or FINA 5210DescriptionBrief overview of financial intermediaries and their functions. Measures of interest rate risk: periodic (re-pricing) gap, duration gap. Management of interest rate risk using appropriate composition of assets and liabilities, futures, options, caps, floors, collars, swaps. Market risk: value at risk measures. Management of credit risk, off-balance sheet risk, liquidity risk, capital adequacy. Deposit insurance. With selected case studies.
- FINA 5450Hedge Funds[2-0-0:2]Prerequisite(s)FINA 5120 or FINA 5210DescriptionAlternative investments are the fastest growing sector of the financial industry, and probably the least understood, including by several market professionals. Although the range of sophistication in people associated with alternative investments varies substantially, it is more and more common to use them in investment strategies, either as direct investments or through funds of funds or structured products. The purpose of this course is to give participants a good understanding and workable knowledge of the techniques that should be part of the tool kit of anyone investing in, analyzing and/or advising private and institutional clients on the inclusion of alternative investments - and more specifically hedge funds - in their portfolios. Furthermore, this course will enable the participants to absorb the analytical arguments in the technical publications - the in-house research notes of financial institutions and in practitioner oriented journal - that deal with alternative investments and to apply them.
- FINA 5470Mergers, Acquisitions and Restructuring[2-0-0:2]Prerequisite(s)FINA 5120DescriptionFocuses on the design, analysis, and implementation of financial strategies aimed at repositioning and revitalizing companies. Corporate value creation by restructuring a company or by undergoing a business combination.
- FINA 5480Commodities, Trade Finance and Infrastructures[2-0-0:2]Previous Course Code(s)FINA 6900VPrerequisite(s)FINA 5120 AND FINA 5290DescriptionThis course will focus on three alternative "asset classes", namely commodities, trade finance and infrastructures. The purpose of this course is to give participants a good understanding and workable knowledge of the techniques that should be part of the toolkit of anyone investing in, trading, hedging, analyzing and/or advising private and institutional clients on these three alternative asset classes. Furthermore, this course will enable the participants to absorb the analytical arguments in the technical publications – the in-house research notes of financial institutions and in practitioner oriented journals – that deal with commodities and their markets, and to apply them.
- FINA 5490Advanced Venture Capital Investing[2-0-0:2]Previous Course Code(s)FINA 6910DPrerequisite(s)FINA 5210 AND FINA 5290DescriptionThis course is a follow-up of FINA 5390 Venture Capital and Private Equity, with a particular focus on early-stage venture companies. Students will be able to experience and practice all the learned materials, particularly those related to the venture capital (VC) endeavors, in real-world VC settings. Students will “invest” alongside VC practitioners as well as being guided by them on various topics such as screening prospective investee companies in a live pitch session and drafting and compiling due diligence lists, term sheets, the required closing documentations, and valuation assessments, in addition to presenting early-read memos to industry professionals (e.g., members of the investment committee (IC)) for deal approvals, among other topics. The professor will frequently relate concepts discussed in class to transactions currently in the news to illustrate their application and limitations.
- FINA 5500VC Entrepreneurships[2-0-0:2]Previous Course Code(s)FINA 6910EPrerequisite(s)FINA 5120DescriptionThis course will cover how the Venture Capital (VC) industry works, all the parties involved, and the dynamics therein. By illustrating real world examples in some of the largest and most respected and successful VC firms in the world, students will learn how VCs raise money, how they construct a fund portfolio, how they make investment decisions, how VC returns are calculated, and how to land a job in this mysterious sector of high finance.
- FINA 5510Decision Making in Financial Institutions[2-0-0:2]Previous Course Code(s)FINA 6900ZDescriptionIn this course, students will be able to examine the nature of main financial institutions (i.e., banks, insurance companies, mutual funds, and hedge funds) as well as the incentives of decision makers in these institutions. The course also covers the purpose of bank regulation and financial crises.
- FINA 5520Financial Data Analysis[2-0-0:2]Prerequisite(s)FINA 5120DescriptionHeadline financial data are informative but not fully revealing, concealing hidden gems and traps. This course applies a wise-investor perspective to looking behind the scenes of financial statements. Building from the ground up, students learn how to spot abnormalities, develop pro-forma financials, build solid valuation models, and gain the knowledge and skills to pitch sound investment strategies. These foundations are supplemented by several real-world study cases illustrating accounting issues such as revenue recognition, valuation, and failed unicorns.
- FINA 5530Green Finance: Markets and Institutions[2-0-0:2]Prerequisite(s)FINA 5120 AND FINA 5210DescriptionOverview of the major issues in green finance pertaining to markets and financial institutions from the standpoint of both investors and policymakers. One of the main references is a report by the Network for Greening the Financial System. Topics: taxonomies and green classification frameworks, green external review, climate transition metrics, disclosure requirements, green rating systems, the role of technology in green data collection and market transparency, green product adaptations, challenges specific to China and Asia, and preparation for ESG certifications.
- FINA 5540Alternative Investment Management[2-0-0:2]Prerequisite(s)FINA 5120DescriptionThis course aims to provide students a holistic introduction to the alternative investment ecosystem, covering sectors such as private equity, real estate, infrastructure, credit, hedge funds, secondaries, and others.
- FINA 5550Carbon Management Basics for Financial Institutions[2-0-0:2]DescriptionThe world needs to reach net zero emission by 2050 to keep global warming within 1.5 °C by the end of this century. Financial sector plays an important role in this net zero transition. This course equips the students with the basic knowledge and practical tools of net zero strategy for financial institutions. It elaborates the concepts on climate change, the measurement tool of greenhouse emissions, the low-carbon roadmap for financial institutions and the development of sustainable finance products related to climate change.
- FINA 5590Trading in Equity Markets[2-0-0:2]Prerequisite(s)FINA 5290DescriptionThis course aims to give participants an insight into finance in action, focusing on the equity market. The emphasis will be on real life market problems. Led by a market practitioner, it will look at, amongst other things, how a trading floor works and the different forces and factors that lead to a market behaving in the way that it does. Students will apply knowledge gained in other courses in practical situations with a distinction on where theory differs from practice, and an emphasis on the needs of market practitioners.
- FINA 5600Real Estate Financing[2-0-0:2]Previous Course Code(s)FINA 6900SPrerequisite(s)FINA 5120DescriptionThis course focuses on how real estate financing is undertaken and the key considerations for the borrower and the lender. This is achieved through a master case study which runs through the duration of the course and evolves as different aspects of real estate financing are discussed. The course will focus on the key steps in a transaction life-cycle and require participants to prepare basic cash-flow models, approval memos and negotiate term-sheets. The course also includes additional case studies around hedging and considerations around cross border real estate financings.
- FINA 5620Foreign Exchange Market[2-0-0:2]Prerequisite(s)FINA 5210DescriptionThe course covers foreign exchange cash and derivatives markets and instruments - spot, outright forwards, swaps, and futures. It also addresses arbitrage in currency and capital markets, and international parity conditions, dealings with forex risk in corporate finance and efficient portfolio construction, and creating and back-testing foreign exchange forecasting models.
- FINA 5670Wealth Management[2-0-0:2]Previous Course Code(s)FINA 6900MPrerequisite(s)FINA 5120 AND FINA 5210DescriptionWith an introduction to the principles of wealth management and the financial planning process, this course progresses to cover various wealth management topics including consumption planning, investment planning and retirement planning. In particular, this course emphasizes on the provision of investment advisory services. It discusses client expectations and concerns including risk and other cognitive issues before applying the concepts and techniques to construct and manage investment portfolios for individual clients.
- FINA 5680Asia's Stock Markets[2-0-0:2]Prerequisite(s)FINA 5210DescriptionThis course is highly relevant to students interested to become macro-traders, portfolio managers, buy/sell-side analysts or work at a hedge fund, with a particular focus on Asia. The course will teach students the characteristics of the larger, liquid stock markets across Asia, from China and Hong Kong to Korea, Taiwan, India and ASEAN markets. Students will learn what drives these markets, what they have in common and how they behave.
- FINA 5690Family Office[2-0-0:2]Previous Course Code(s)FINA 6910HDescriptionThis course will provide students with a comprehensive and most up-to-date understanding of family office, as well as insiders’ view and practical aspects of family offices, especially Asian family offices. The course will address questions based on the extensive research and the latest case studies on family offices in Asia and around the world by the instructor.
- FINA 5700Responsible Finance[2-0-0:2]Previous Course Code(s)FINA 6910IPrerequisite(s)FINA 5120DescriptionThe aim of this course is to develop a deep understanding why the economic doctrine that the only social responsibility of corporations is to maximize profits does no longer work in today’s capital markets. The course provides theoretical and empirical findings that illustrate that financial decisions need to incorporate environmental, social, and governance (ESG) factors to ensure long-term financial success of firms. The course also covers new trends, such as U.S. political polarization and the important role of China in establishing a global leadership role in green finance, which may impact how corporations are becoming more responsible.
- FINA 5710Green Finance and Capital Markets[2-0-0:2]Previous Course Code(s)FINA 6910JPrerequisite(s)FINA 5120DescriptionThis course will cover sustainable and green finance with a focus in Hong Kong and China. Various green finance instruments, how green elements are factored in credit ratings and assessments, and the major external green review approaches are covered. This course will empower the students with the most updated knowledge, market trends and direct first-hand cases (rather than the public domain) in the green finance and capital market fields.
- FINA 5830Statistical Methods for Risk Management[2-0-0:2]Prerequisite(s)FINA 5210DescriptionThis course introduces several risk management models designed to allow risk managers of financial institutions to measure and manage various sources of financial risk including market risk, interest rate risk, and default risk, among others. Emphasis is on the development of 'hands-on' experience which includes the calibration of models and discussion of the data issues faced in the application of these models. This course is intended for all students considering a career in quantitative risk management, whether in the insurance, banking, or non-financial sector.
- FINA 5840Financial Modeling[2-0-0:2]Prerequisite(s)FINA 5120, FINA 5210 and FINA 5290DescriptionThis is a course about financial modeling. The goal is to make financial models that produce useful answers to economic questions. Selected topics which lend themselves to financial modeling will be covered, such as (but not limited to) loan amortization schedules; valuation and private equity; equity derivatives; mutual fund performance and style analysis; fixed income derivatives, and optimal portfolio selection.Intended Learning Outcomes
On successful completion of the course, students will be able to:
- 1.Generate Excel formulas, functions and commands in finance-related applications.
- 2.Implement in spreadsheet format concepts from finance theory, with emphasis on portfolio choice and valuation of derivatives and fixed income securities.
- 3.Gain hands-on experience in designing finance models.
- 4.Develop critical thinking and ability to evaluate the strengths and limitations of the output of various financial models, in principle and those implemented in a spreadsheet in particular.
- FINA 5870Big Data in Finance[2-0-0:2]Previous Course Code(s)FINA 6900RPrerequisite(s)ISOM 5510 OR ISOM 5520 (prior to 2022-23) OR FINA 5240 OR FINA 5250DescriptionThis course introduces students to the concepts of big data and machine learning with a special focus on how these tools can be applied in a financial context. During the course students will learn Python and how it can be used to build and estimate some of the most commonly used machine learning models such as regression, clustering and classification. Students will also learn the basics of cloud computing and how the cloud can be employed to quickly estimate complex models with very large data sets.
- FINA 6900-6910Special Topics[1-4 credit(s)]DescriptionCurrent developments in finance. Topics selected by the instructor.
- FINA 6970Independent Study[1-4 credit(s)]DescriptionStudy of selected financial issues under the supervision of a faculty member. (Special permission from the Associate Dean is required for MBA students to take this course.)
- FINA 6990MPhil Thesis ResearchDescriptionMaster's thesis research supervised by a faculty member. A successful defense of the thesis leads to the grade Pass. No course credit is assigned.
- FINA 7900Doctoral Seminar[1-4 credit(s)]DescriptionCurrent research topics in corporate finance, investments, financial markets and institutions, derivative securities, and empirical research in financial economics.
- FINA 7980Finance Workshops[0-1-0:1]DescriptionPapers presented by faculty, students and visitors. Mandatory for all PhD students. May be repeated for credit. Graded P or F.
- FINA 7990Doctoral Thesis ResearchDescriptionOriginal and independent doctoral thesis research. A successful defense of the thesis leads to the grade Pass. No course credit is assigned.
