Larry Schrenk, Instructor
Schedule and Supplements
Topic Number |
Date |
Topic |
Readings
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Part I: Financial Markets | |||
Week 1 8/26-9/1 |
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 1-10, 13:36)
1.2:
Measures of Return and Risk I
(S 11-26, 28:07)
1.3:
Measures of Return and Risk II
(S 27-35, 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 end-of-chapter 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.
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Chapter 1, (See note on ethics readings under Week 1) |
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Week 2
9/2-9/8
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The Investment Setting and Financial Ethics Slides: Same Course Videos (Required):
1.5: Rates of Return II
(S 44-54, 26:03)
1.6: Risk and Uncertainty I
(S 55-60, 15:30)
1.7: Risk and Uncertainty II
(S 61-70, 20:06) Classroom: Slides Labor Day, Monday 9/2, No Classes
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Chapter 1, (See note on ethics readings under Week 1) |
|
9/9-9/15 |
Slides: Same Course Videos (Required):
1.8: Determinants
of Rates of Return (Inflation) I (S 71-89, 27:46)
1.10: Relationship
between Risk and Return (S 100-111, 24:26)
1.11: Financial
Ethics (S 112-127, 19:36) Classroom: Slides MindTap Assignment: Due 9/29 (MindTap Assignments are in D2L.) Group AI Assignment 1 (link): Due 9/29
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Chapter 1, (See note on ethics readings under Week 1)
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Week 4 9/16-9/22 |
Organization and Functioning of Securities Markets Slides: Topic 2 Course Videos (Required): 2.1: What is a Market? (S 1-7, 14:50) 2.2: Efficient Markets (S 8-12, 25:39) 2.3: Organization of the Securities Market (S 13-26, 27:23) 2.4: Primary and Secondary Markets (S 27-42, 18:37) 2.5: Market Orders (Buying on Margin and Short Sales) (S 43-46, 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.
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Week 5 9/22-9/29 |
Course Videos (Required): 3.1: Investment Management I (S 1-16, 23:40) 3.2: Investment Management II (S 17-24, 15:42) 3.3: Investment Management III (S 25-33, 12:58) 3.4: Global and Alternative Investments (S 34-50, 20:35) Classroom: Slides MindTap Assignment: Due 10/13
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Part II: Portfolio Management | |||
|
9/30-10/6 |
Introduction to Portfolio Management I Course Videos (Required): 4.1: Some Background Assumptions (S 1-8, 12:36) 4.2: Diversification (S 9-35, 22:43) 4.3: Markowitz Portfolio Theory I (S 36-59, 17:31) 4.4: Markowitz Portfolio Theory II (S 60-61, 20:45) 4.5: Markowitz Portfolio Theory III (S 62-67, 22:47) Classroom: Slides Group AI Assignment 2 (link): Due 10/20
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Chapter 6 |
|
10/7-10/13 |
Introduction to Portfolio Management II Slides: Same Course Videos (Required): 4.6: The Efficient Frontier I (S 68-75, 19:45) 4.7: The Efficient Frontier II (S 76-78, 15:17) 4.8: Capital Market Theory I (S 79-83, 20:39) 4.9: Capital Market Theory II (S 84-99,24:13) Classroom: Slides MindTap Assignment: Due 10/27 Improvement Day, Tuesday 10/8, No Classes
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Chapter 6 |
10/14-10/20
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Course Videos (Required): 5.1: The Capital Asset Pricing Model I (S 1-11, 20:55) 5.2: The Capital Asset Pricing Model II (S 12-27, 25:19) 5.3: Empirical Tests of the CAPM (S 28-38, 1847) 5.4: The Market Portfolio: Theory versus Practice (S 39-43, 7:02) Classroom: Slides Exam 1, Friday 10/18 (through CAPM) Exam 1 Review Slides
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10/21-10/27 |
Slides: Same Course Videos (Required): 5.5: Arbitrage Pricing Theory (S 44-60, 28:48) 5.6: Multifactor Models and Risk Estimation (S 61-79, 23:36) 5.7: Appendix: Multiple Regression in Excel (S 80-90, 13:43) Classroom: Slides MindTap Assignment: Due 11/10 Group AI Assignment 3 (link): Due 11/3
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Part III: Investment Vehicles | |||
10/28-11/3
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Bond Fundamentals and Valuation I Course Videos (Required): 6.1: Basic Features of a Bond (S 1-13, 25:51) 6.2: The Global Bond Market Structure (S 14-21, 20:40) 6.3: Survey of Bond Issues (S 22-33, 21:28) 6.4: Bond Yield Curves (S 34-42, 19:08) 6.5: Implied Future Interest Rates (S 43-52, 28:35) Classroom: Slides
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11/4-11/10 |
Bond Fundamentals and Valuation II Slides: Same Course Videos (Required): 6.6: Bond Valuation and Yields (S 53-67, 26:56) 6.7: Bond Analysis Tools (S 68-88, 30:17) Classroom: Slides MindTap Assignment: Due 11/24 Spring Summer Registration, Monday 11/4
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11/11-11/17 |
Course Videos (Required): 7.1: Important Distinctions (S 1-13, 16:56) 7.2: Discounted Cash Flow, Introduction (S 14-27, 27:24) 7.3: Discounted Cash Flow, No Growth and Constant Growth Models (S 28-50, 31:51) 7.4: Discounted Cash Flow, Mixed Models (S 51-65, 26:54) Classroom: Slides Veteran's Day, Monday 11/112, No Classes Group AI Assignment 4 (link): Due 11/24
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Slides: Same Course Videos (Required): 7.5: Free Cash Flow to Equity (FCFE) (S 66-81, 31:12) 7.6: Free Cash Flow to Firm (FCFF) (S 82-94, 22:43) 7.7: Relative Valuation (S 95-110, 25:25) 7.8: Ratio Analysis and Financial Statements (S 111-126, 23:07) Classroom: Slides MindTap Assignment: Due 12/6
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Chapter 8 | |
Week 14 11/25-12/1 |
Course Videos (Required): 8.1 Overview of Derivative Markets I (Futures/Forwards) (S 1-13, 17:56) 8.2 Overview of Derivative Markets II (Futures/Forwards) (S 14-17, 10:31) 8.3 Overview of Derivative Markets III (Options) (S 18-28, 18:22) 8.4 Investing with Derivative Securities I (Futures/Forwards) (S 29-35, 12:45) Classroom: Slides Fall Break/Thanksgiving,
11/27-11/29, No Classes
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Chapter 14 |
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Week 15 12/2-12/6 |
Slides: Same Course Videos (Required): 8.5 Investing with Derivative Securities II (Options) (S 36-37, 19:21) 8.6 Investing with Derivative Securities III (Options) (S 38-46, 16:14) 8.7 Relationship between Forward and Option Contracts I (S 47-60, 14:44) 8.8 Relationship between Forward and Option Contracts II (S 47-60, 11:35 8.9 Introduction to Derivatives in Portfolio Management (S 61-73, 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.)
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Chapter 14 |
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Exam 2/Final Exam Date: See Registrar's Website Exam 2 Review Slides
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