日本語 English
| 開講年度/ Academic YearAcademic Year |
20242024 |
| 科目設置学部/ CollegeCollege |
法学部/College of Law and PoliticsCollege of Law and Politics |
| 科目コード等/ Course CodeCourse Code |
EX821/EX821EX821 |
| テーマ・サブタイトル等/ Theme・SubtitleTheme・Subtitle |
Markets: theory & reality |
| 授業形態/ Class FormatClass Format |
対面（全回対面）/Face to face (all classes are face-to-face)Face to face (all classes are face-to-face) |
| 授業形態（補足事項）/ Class Format (Supplementary Items)Class Format (Supplementary Items) |
|
| 授業形式/ Class StyleCampus |
講義/LectureLecture |
| 校地/ CampusCampus |
池袋/IkebukuroIkebukuro |
| 学期/ SemesterSemester |
秋学期/Fall semesterFall semester |
| 曜日時限・教室/ DayPeriod・RoomDayPeriod・Room |
木2/Thu.2 Thu.2 ログインして教室を表示する（Log in to view the classrooms.） |
| 単位/ CreditsCredits |
22 |
| 科目ナンバリング/ Course NumberCourse Number |
LPX2901 |
| 使用言語/ LanguageLanguage |
英語/EnglishEnglish |
| 履修登録方法/ Class Registration MethodClass Registration Method |
抽選登録/Lottery RegistrationLottery Registration（定員：10人/ Capacity：10） |
| 配当年次/ Assigned YearAssigned Year |
配当年次は開講学部のR Guideに掲載している科目表で確認してください。配当年次は開講学部のR Guideに掲載している科目表で確認してください。 |
| 先修規定/ Prerequisite RegulationsPrerequisite Regulations |
|
| 他学部履修可否/ Acceptance of Other CollegesAcceptance of Other Colleges |
履修登録システムの『他学部・他研究科履修不許可科目一覧』で確認してください。 |
| 履修中止可否/ Course CancellationCourse Cancellation |
〇（履修中止可/ Eligible for cancellation） |
| オンライン授業60単位制限対象科目/ Online Classes Subject to 60-Credit Upper LimitOnline Classes Subject to 60-Credit Upper Limit |
|
| 学位授与方針との関連/ Relationship with Degree PolicyRelationship with Degree Policy |
各授業科目は、学部・研究科の定める学位授与方針（DP）や教育課程編成の方針（CP）に基づき、カリキュラム上に配置されています。詳細はカリキュラム・マップで確認することができます。 |
| 備考/ NotesNotes |
※併置科目（親科目：経済学部） 定員10名（異文化コミュニケーション学部と合わせて） グローバルコースの学生のみ |
This course is a practical introduction to a few signature theories in corporate finance, (i.e. efficient markets hypothesis, option pricing model, portfolio theory, and asset pricing). A brief introduction to prospect theory and behavioural finance, generally, is also presented as an contrast to conventional finance theories.
This course explores the application of these theories in the real world. As part of this exploration, we consider the role of governments in distorting the workings of financial markets, the impact of derivatives, and the unintended consequences of passive investing, hedge funds, and the increased role of quantitative trading. We concluded with some advice on job opportunities are for those interested in a career in finance.
After the class, students should have a basic understanding of corporate finance theory and how they work (or not work) in the real world.
| 1 | Introduction |
| 2 | Market efficiency |
| 3 | Informational efficiency |
| 4 | Central banks have distorted markets |
| 5 | Active government intervention |
| 6 | Derivatives: option pricing model |
| 7 | Derivatives: tail wags dog |
| 8 | Portfolio Theory |
| 9 | Passive investing & Exchange Traded Funds |
| 10 | Asset pricing |
| 11 | Fundamentals or factors |
| 12 | Hedge funds & hedged portfolios |
| 13 | Risk free rate & other issues |
| 14 | Summary & conclusions |
板書 /Writing on the Board
スライド（パワーポイント等）の使用 /Slides (PowerPoint, etc.)
上記以外の視聴覚教材の使用 /Audiovisual Materials Other than Those Listed Above
個人発表 /Individual Presentations
グループ発表 /Group Presentations
ディスカッション・ディベート /Discussion/Debate
実技・実習・実験 /Practicum/Experiments/Practical Training
学内の教室外施設の利用 /Use of On-Campus Facilities Outside the Classroom
校外実習・フィールドワーク /Field Work
上記いずれも用いない予定 /None of the above
It is recommended that students read the prescribed weekly materials before class, in order to be ready for group discussion during class.
| 種類 (Kind) | 割合 (%) | 基準 (Criteria) |
|---|---|---|
| 平常点 (In-class Points) | 100 |
Class presentations(10%) Assignment 1(25%) Assignment 2(25%) 最終レポート(Final Report)(40%) |
| 備考 (Notes) | ||
| その他 (Others) | |||||
|---|---|---|---|---|---|
| There are no textbooks for this course. The study materials for this course are freely available internet resources or articles. They will be mainly journal articles, news articles or opinion pieces from online sources such as newspapers, blogs or other social media. |
It would be helpful if students bring along an internet accessible device (tablet, laptop) for use in the workshop.
Each class will be divided into 2 parts. The first part will be a lecture presentation. The second part will be group discussions, with 4 or 5 students per group. A member of each group may be required to present the group's findings.
This course is a practical introduction to a few signature theories in corporate finance, (i.e. efficient markets hypothesis, option pricing model, portfolio theory, and asset pricing). A brief introduction to prospect theory and behavioural finance, generally, is also presented as an contrast to conventional finance theories.
This course explores the application of these theories in the real world. As part of this exploration, we consider the role of governments in distorting the workings of financial markets, the impact of derivatives, and the unintended consequences of passive investing, hedge funds, and the increased role of quantitative trading. We concluded with some advice on job opportunities are for those interested in a career in finance.
After the class, students should have a basic understanding of corporate finance theory and how they work (or not work) in the real world.
| 1 | Introduction |
| 2 | Market efficiency |
| 3 | Informational efficiency |
| 4 | Central banks have distorted markets |
| 5 | Active government intervention |
| 6 | Derivatives: option pricing model |
| 7 | Derivatives: tail wags dog |
| 8 | Portfolio Theory |
| 9 | Passive investing & Exchange Traded Funds |
| 10 | Asset pricing |
| 11 | Fundamentals or factors |
| 12 | Hedge funds & hedged portfolios |
| 13 | Risk free rate & other issues |
| 14 | Summary & conclusions |
板書 /Writing on the Board
スライド（パワーポイント等）の使用 /Slides (PowerPoint, etc.)
上記以外の視聴覚教材の使用 /Audiovisual Materials Other than Those Listed Above
個人発表 /Individual Presentations
グループ発表 /Group Presentations
ディスカッション・ディベート /Discussion/Debate
実技・実習・実験 /Practicum/Experiments/Practical Training
学内の教室外施設の利用 /Use of On-Campus Facilities Outside the Classroom
校外実習・フィールドワーク /Field Work
上記いずれも用いない予定 /None of the above
It is recommended that students read the prescribed weekly materials before class, in order to be ready for group discussion during class.
| 種類 (Kind) | 割合 (%) | 基準 (Criteria) |
|---|---|---|
| 平常点 (In-class Points) | 100 |
Class presentations(10%) Assignment 1(25%) Assignment 2(25%) 最終レポート(Final Report)(40%) |
| 備考 (Notes) | ||
| その他 (Others) | |||||
|---|---|---|---|---|---|
| There are no textbooks for this course. The study materials for this course are freely available internet resources or articles. They will be mainly journal articles, news articles or opinion pieces from online sources such as newspapers, blogs or other social media. |
It would be helpful if students bring along an internet accessible device (tablet, laptop) for use in the workshop.
Each class will be divided into 2 parts. The first part will be a lecture presentation. The second part will be group discussions, with 4 or 5 students per group. A member of each group may be required to present the group's findings.