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Capital Markets & Investments

Spring 2014 EMBA Course

B7306-002: Capital Markets & Investments

EMBA Wednesday Evening Electives, EMBA Wed Evening Dates (Jan 8, 15, 22, 29; Feb 5, 19, 26; Mar 5, 26; Apr 2, 9, 23) - 06:00PM to 09:00PM

Instructor: Mark Zurack

This course has three goals:

1.    To introduce the principles
of asset valuation from an applied perspective. The majority of the
class is concerned with the valuation of financial securities. The
valuation issues to be discussed are heavily used in portfolio
management and risk management applications.
2.    To develop the
following concepts: arbitrage, the term structure of interest rates,
diversification, the Capital Asset Pricing Model (CAPM), efficient and
inefficient markets, performance evaluation, and derivative securities,
particularly options.
3.    To provide sufficient background
knowledge for students seeking an overview of capital markets and an
introduction to advanced finance courses.

The main topics can be summarized in seven groups:
1.    2 classes: Introductory Concepts
2.    4 classes: Valuation of Fixed Income Securities   
3.    2 classes: Valuation of Securities with Risky Payoffs
4.    4 classes: Portfolio Choice
5.    3 classes: Evaluating Investment Performance
6.    3 classes: Behavioral Finance
7.    6 classes: Valuation of Options

Throughout the course, we will address two basic questions:
1.    Which methods do we use to value securities?
2.    How do we choose securities to maximize expected return for a given amount of risk?