Larry Schrenk, Instructor
Schedule and Supplements
Topic Number 
Date 
Topic 
Readings

Part I: Financial Markets  
Week 1 8/269/1 
The Investment Setting and Financial Ethics Course Videos (Required): NOTE: Topic 0 slides will be covered in class.
1.1:
What is an Investment?
(S 110, 13:36)
1.2:
Measures of Return and Risk I
(S 1126, 28:07)
1.3:
Measures of Return and Risk II
(S 2735, 17:01)
IMPORTANT NOTES Captioning/Transcript: (By midsemester) Accurate captioning is available for all course videos and transcripts are available. To activate captioning, use the CC button at the bottom right of the video player. I STRONGLY RECOMMEND that you watch the videos with closed captioning on to increase your comprehension of the material. Playback Speed: The video player allows playback at different speeds. I often listen to lectures or webinars at 1.25x or 1.5x, but this may not work well for more technical material. Solutions: All endofchapter problem solutions are available in D2L. If you would like some review of probability and statistics, have a look at these (optional) videos:
Ethical and Professional Standards Readings (Download Link in Right Column)
NOTE: You are not expected to read all the ethics assignments. For the purpose of this course you should know the general principles and themes in them. I include the full readings because I am committed to the importance of ethics in finance and want all students who take my investment course to have access to them.

Chapter 1, (See note on ethics readings under Week 1) 

Week 2
9/29/8

The Investment Setting and Financial Ethics Slides: Same Course Videos (Required):
1.5: Rates of Return II
(S 4454, 26:03)
1.6: Risk and Uncertainty I
(S 5560, 15:30)
1.7: Risk and Uncertainty II
(S 6170, 20:06) Classroom: Slides Labor Day, Monday 9/2, No Classes

Chapter 1, (See note on ethics readings under Week 1) 

9/99/15 
Slides: Same Course Videos (Required):
1.8: Determinants
of Rates of Return (Inflation) I (S 7189, 27:46)
1.10: Relationship
between Risk and Return (S 100111, 24:26)
1.11: Financial
Ethics (S 112127, 19:36) Classroom: Slides MindTap Assignment: Due 9/29 (MindTap Assignments are in D2L.) Group AI Assignment 1 (link): Due 9/29

Chapter 1, (See note on ethics readings under Week 1)


Week 4 9/169/22 
Organization and Functioning of Securities Markets Slides: Topic 2 Course Videos (Required): 2.1: What is a Market? (S 17, 14:50) 2.2: Efficient Markets (S 812, 25:39) 2.3: Organization of the Securities Market (S 1326, 27:23) 2.4: Primary and Secondary Markets (S 2742, 18:37) 2.5: Market Orders (Buying on Margin and Short Sales) (S 4346, 10:36) Classroom: Slides MindTap Assignment: Due 10/6
Project Information Here are the instructions and examples for the project: In creating the Excel spreasheet, your group is required to follow certain guidlines: To complete the project, you will need to access data from S&P CapitalIQ. Here is a brief introduction to the database: CapIQ Intro (mp4, 27:36) For more information on using the database, see: Microsoft Teams Your group should set up a Microsoft Teams Site for the project. It allows your group to communicate, post documents, and, probably most importantly, edit common documents, such as an Excel (:) xlsx. Information on setting up a Teams Site at WSU is here.



Week 5 9/229/29 
Course Videos (Required): 3.1: Investment Management I (S 116, 23:40) 3.2: Investment Management II (S 1724, 15:42) 3.3: Investment Management III (S 2533, 12:58) 3.4: Global and Alternative Investments (S 3450, 20:35) Classroom: Slides MindTap Assignment: Due 10/13



Part II: Portfolio Management  

9/3010/6 
Introduction to Portfolio Management I Course Videos (Required): 4.1: Some Background Assumptions (S 18, 12:36) 4.2: Diversification (S 935, 22:43) 4.3: Markowitz Portfolio Theory I (S 3659, 17:31) 4.4: Markowitz Portfolio Theory II (S 6061, 20:45) 4.5: Markowitz Portfolio Theory III (S 6267, 22:47) Classroom: Slides Group AI Assignment 2 (link): Due 10/20

Chapter 6 

10/710/13 
Introduction to Portfolio Management II Slides: Same Course Videos (Required): 4.6: The Efficient Frontier I (S 6875, 19:45) 4.7: The Efficient Frontier II (S 7678, 15:17) 4.8: Capital Market Theory I (S 7983, 20:39) 4.9: Capital Market Theory II (S 8499,24:13) Classroom: Slides MindTap Assignment: Due 10/27 Improvement Day, Tuesday 10/8, No Classes

Chapter 6 
10/1410/20

Course Videos (Required): 5.1: The Capital Asset Pricing Model I (S 111, 20:55) 5.2: The Capital Asset Pricing Model II (S 1227, 25:19) 5.3: Empirical Tests of the CAPM (S 2838, 1847) 5.4: The Market Portfolio: Theory versus Practice (S 3943, 7:02) Classroom: Slides Exam 1, Friday 10/18 (through CAPM) Exam 1 Review Slides




10/2110/27 
Slides: Same Course Videos (Required): 5.5: Arbitrage Pricing Theory (S 4460, 28:48) 5.6: Multifactor Models and Risk Estimation (S 6179, 23:36) 5.7: Appendix: Multiple Regression in Excel (S 8090, 13:43) Classroom: Slides MindTap Assignment: Due 11/10 Group AI Assignment 3 (link): Due 11/3


Part III: Investment Vehicles  
10/2811/3

Bond Fundamentals and Valuation I Course Videos (Required): 6.1: Basic Features of a Bond (S 113, 25:51) 6.2: The Global Bond Market Structure (S 1421, 20:40) 6.3: Survey of Bond Issues (S 2233, 21:28) 6.4: Bond Yield Curves (S 3442, 19:08) 6.5: Implied Future Interest Rates (S 4352, 28:35) Classroom: Slides



11/411/10 
Bond Fundamentals and Valuation II Slides: Same Course Videos (Required): 6.6: Bond Valuation and Yields (S 5367, 26:56) 6.7: Bond Analysis Tools (S 6888, 30:17) Classroom: Slides MindTap Assignment: Due 11/24 Spring Summer Registration, Monday 11/4



11/1111/17 
Course Videos (Required): 7.1: Important Distinctions (S 113, 16:56) 7.2: Discounted Cash Flow, Introduction (S 1427, 27:24) 7.3: Discounted Cash Flow, No Growth and Constant Growth Models (S 2850, 31:51) 7.4: Discounted Cash Flow, Mixed Models (S 5165, 26:54) Classroom: Slides Veteran's Day, Monday 11/112, No Classes Group AI Assignment 4 (link): Due 11/24




Slides: Same Course Videos (Required): 7.5: Free Cash Flow to Equity (FCFE) (S 6681, 31:12) 7.6: Free Cash Flow to Firm (FCFF) (S 8294, 22:43) 7.7: Relative Valuation (S 95110, 25:25) 7.8: Ratio Analysis and Financial Statements (S 111126, 23:07) Classroom: Slides MindTap Assignment: Due 12/6

Chapter 8  
Week 14 11/2512/1 
Course Videos (Required): 8.1 Overview of Derivative Markets I (Futures/Forwards) (S 113, 17:56) 8.2 Overview of Derivative Markets II (Futures/Forwards) (S 1417, 10:31) 8.3 Overview of Derivative Markets III (Options) (S 1828, 18:22) 8.4 Investing with Derivative Securities I (Futures/Forwards) (S 2935, 12:45) Classroom: Slides Fall Break/Thanksgiving,
11/2711/29, No Classes

Chapter 14 


Week 15 12/212/6 
Slides: Same Course Videos (Required): 8.5 Investing with Derivative Securities II (Options) (S 3637, 19:21) 8.6 Investing with Derivative Securities III (Options) (S 3846, 16:14) 8.7 Relationship between Forward and Option Contracts I (S 4760, 14:44) 8.8 Relationship between Forward and Option Contracts II (S 4760, 11:35 8.9 Introduction to Derivatives in Portfolio Management (S 6173, 19:27) Classroom: Slides MindTap Assignment: Due 12/6 Group AI Assignment 5 (link): Due 12/6 NOTE: The MindTap and AI assignments due date are earlier than usual. Project: Due 12/6 (To aviod penalties, please follow the submission instructions in D2L exactly.)

Chapter 14 


Exam 2/Final Exam Date: See Registrar's Website Exam 2 Review Slides

