For Current Students

General Information Derivatives concepts are now almost required for every advanced finance topic. This course offers a general introduction to derivative products (principally futures, options, swaps, and basic structured products), their pricing formulas, the markets in which they trade, and applications. The focus is more on professional and institutional business strategies and developments than on personal investment and speculation. The concepts of hedging and arbitrage will be extensively discussed from both the angles of trading strategies and pricing foundations. The orientation of the course leans toward economic intuitions and practical investment implications. However, a certain amount of theory is necessary to understand the methodologies used in generating solutions to the problems. The course intends to provide a solid foundation for other advanced courses of the program such as mathematical finance, interest derivatives and financial engineering.

General Information This module provides the foundation in economics that is essential in financial analysis. The major topics include microeconomics, macroeconomics and international economics: consumer choice, costs and the supply of goods and services, competitive market structure, the role of government in the economy, national income accounting, business cycles, aggregate demand/supply, fiscal and monetary policies, the level and structure of interest rates, the role of expectations in economic analysis, economic growth, comparative advantages and international trade, international finance and foreign exchange markets. Appropriate references will be made to current issues in Hong Kong, the region and the international economy.

General Information This module provides the foundation in economics that is essential in financial analysis. The major topics include microeconomics, macroeconomics and international economics: consumer choice, costs and the supply of goods and services, competitive market structure, the role of government in the economy, national income accounting, business cycles, aggregate demand/supply, fiscal and monetary policies, the level and structure of interest rates, the role of expectations in economic analysis, economic growth, comparative advantages and international trade, international finance and foreign exchange markets. Appropriate references will be made to current issues in Hong Kong, the region and the international economy.

General Information Derivatives concepts are now almost required for every advanced finance topic. This course offers a general introduction to derivative products (principally futures, options, swaps, and basic structured products), their pricing formulas, the markets in which they trade, and applications. The focus is more on professional and institutional business strategies and developments than on personal investment and speculation. The concepts of hedging and arbitrage will be extensively discussed from both the angles of trading strategies and pricing foundations. The orientation of the course leans toward economic intuitions and practical investment implications. However, a certain amount of theory is necessary to understand the methodologies used in generating solutions to the problems. The course intends to provide a solid foundation for other advanced courses of the program such as mathematical finance, interest derivatives and financial engineering.

General Information This course provides an introduction to the financial statements and financial reporting process from a user’s perspective. The course focuses on fundamental accounting concepts and principles as well as techniques related to financial statements analysis. Ethical and professional standards that persons engaged in the professional practice of financial analysis and investment management should know, understand, and apply are also covered.