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

Part I: Financial Markets  
Week 1 1/111/17 
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) HINT: Many video players allow 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. NOTE: 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 1/181/24 
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) Week 2 BreakOut Session: Slides  Spreadsheet MLK Day, Monday, 1/18, No Classes

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

1/251/31 
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) Week 3 BreakOut Session: Slides  Spreadsheet MindTap Assignment: Due 2/7 (MindTap Assignments are in D2L.)

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


Week 4 2/12/7 
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) Week 4 BreakOut Session: Slides  Spreadsheet MindTap Assignment: Due 2/14



Week 5 2/82/14 
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) Week 5 BreakOut Session: Slides  Spreadsheet MindTap Assignment: Due 2/21 Spring Break Day, Wednesday, 2/10, No
Classes Today’s Breakout Session Will Meet on Friday.



Part II: Portfolio Management  

2/152/21 
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) Week 6 BreakOut Session: Slides  Spreadsheet Assessment Day, Tuesday, 2/16, No Classes

Chapter 6 

2/222/28 
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) Week 7 BreakOut Session: Slides  Spreadsheet MindTap Assignment: Due 3/7

Chapter 6 
3/13/7

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) Week 8 BreakOut Session: Slides  Spreadsheet Exam 1, Friday 3/5 (through CAPM) Exam 1 Review Slides




3/83/14 
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) Week 9 BreakOut Session: Slides  Spreadsheet MindTap Assignment: Due 3/21 Student Break Day, Tuesday, 3/9, No Classes


Part III: Investment Vehicles  
3/153/21

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) Week 10 BreakOut Session: Slides  Spreadsheet



3/223/28 
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) Week 11 BreakOut Session: Slides  Spreadsheet MindTap Assignment: Due 4/4



3/294/4 
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) Week 12 BreakOut Session: Slides  Spreadsheet Student Break Day, Wednesday, 3/31, No
Classes Today’s Breakout Session Will Meet on Friday.




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) Week13 BreakOut Session: Slides  Spreadsheet MindTap Assignment: Due 4/18 Fall Registration Opens, Monday, 4/5

Chapter 8  
Week 14 4/124/18 
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) Week14 BreakOut Session: Slides  Spreadsheet Student Break Day, Friday, 4/16, No
Classes

Chapter 14 


Week 15 4/194/25 
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) Week15 BreakOut Session: Slides  Spreadsheet MindTap Assignment: Due 4/25 NOTE: The MindTap Assignment due date is much earlier than usual. Project: Due 4/25

Chapter 14 


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

