After taking this subject, students are expected to replicate simple empirical tests of asset pricing theories, apply asset pricing theories to the valuation of financial assets, apply asset pricing theories to evaluate fund manager performance, and write a workable research proposal. The objective of this course is to provide students with comprehensive concepts that are relevant to investment decisions. Students will learn various investment instruments in financial markets (capital market and money market), including derivative securities. Techniques and strategies to evaluate and manage an investment portfolio, such as portfolio theory, asset pricing models (CAPM, APT, etc.), and their applications will be discussed. Students are also trained to develop simple theoretical and empirical models as a preparation for their independent research.

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