111-2_行為財務
教學目標
本課程透過行為財務學理論介紹與相關論文研讀，讓同學瞭解行為財務學的發展與未來研究方向。我們的教學目標如下：首先，藉由本課程的教學，期望達成學生具備「職場需求為導向的專業能力」、「創新思維與主動學習的能力」及「以科學方法解決問題的能力」。其次，本課程也以「人文素養與專業學理兼備」及「具備當代思維與國際視野」為教學目標。再者，本課程亦介紹金融科技的發展，以及教授學生如何應用金融科技於投資人行為之研究。最後，本課程也會教導碩一新生如何研讀行為財務相關的國際期刊論文。
授課形式
理論講述與討論-70.00%;個案分析或作品賞析-20.00%;專題實作與報告-10.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1.第1週: 緒論 2.第2週: 效率市場迷思 3.第3週: 心理偏誤概述 4.第4週: 心理系統模型 5.第5週: 處置效果 6.第6週: 處置效果 7.第7週: 從眾傾向 8.第8週: 從眾傾向 9.第9週: 專題實務討論:台灣股市具有效率性嗎? 10.第10週: 有限思維 11.第11週: 過度自信 12.第12週: 過度自信 13.第13週: 有限意志 14.第14週: 心理偏誤之肇因 15.第15週: 如何因應心理偏誤 16.第16週: 風格投資 17.第17週: 風格投資 18.第18週: 專題實務討論:如何調查台灣股市投資人的行為偏誤?
教科書/參考書
教科書: 郭敏華, 行為財務學：當財務學遇上心理學, 元照出版社. 參考書: James Montier, 2007, Behavioral Investing. Hersh Shefrin, 2007, Behavioral Corporate Finance. James Montier, 2006, Behavioural Finance. Lucf F. Ackert and Richard Deaves, 2010, Behavioral Finance: Psychology, Decision-Making, and Markets. JF、JFE、RFS、JFQA等期刊內容中與授課主題有關的論文。
評分標準
平常成績 30% 專題報告 70%
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
24
本課程透過行為財務學理論介紹與相關論文研讀，讓同學瞭解行為財務學的發展與未來研究方向。我們的教學目標如下：首先，藉由本課程的教學，期望達成學生具備「職場需求為導向的專業能力」、「創新思維與主動學習的能力」及「以科學方法解決問題的能力」。其次，本課程也以「人文素養與專業學理兼備」及「具備當代思維與國際視野」為教學目標。再者，本課程亦介紹金融科技的發展，以及教授學生如何應用金融科技於投資人行為之研究。最後，本課程也會教導碩一新生如何研讀行為財務相關的國際期刊論文。
授課形式
理論講述與討論-70.00%;個案分析或作品賞析-20.00%;專題實作與報告-10.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1.第1週: 緒論 2.第2週: 效率市場迷思 3.第3週: 心理偏誤概述 4.第4週: 心理系統模型 5.第5週: 處置效果 6.第6週: 處置效果 7.第7週: 從眾傾向 8.第8週: 從眾傾向 9.第9週: 專題實務討論:台灣股市具有效率性嗎? 10.第10週: 有限思維 11.第11週: 過度自信 12.第12週: 過度自信 13.第13週: 有限意志 14.第14週: 心理偏誤之肇因 15.第15週: 如何因應心理偏誤 16.第16週: 風格投資 17.第17週: 風格投資 18.第18週: 專題實務討論:如何調查台灣股市投資人的行為偏誤?
教科書/參考書
教科書: 郭敏華, 行為財務學：當財務學遇上心理學, 元照出版社. 參考書: James Montier, 2007, Behavioral Investing. Hersh Shefrin, 2007, Behavioral Corporate Finance. James Montier, 2006, Behavioural Finance. Lucf F. Ackert and Richard Deaves, 2010, Behavioral Finance: Psychology, Decision-Making, and Markets. JF、JFE、RFS、JFQA等期刊內容中與授課主題有關的論文。
評分標準
平常成績 30% 專題報告 70%
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
24
111-2_校外實習（春）
教學目標
本課程旨在藉由金融機構實習來提升學生在職場的適應能力與競爭能力,並透過金融機構實習的機會, 讓學生模擬進入職場, 將所學的理論應用於實務工作.此外, 本課程也可以讓學生瞭解目前金融機構的運作及獲得最新的實務知識. 整體而言, 本課程培養學生具備「職場需求為導向的專業能力」、「創新思維與主動學習的能力」、「金融倫理與服務的能力」及「以科學方法解決問題的能力」,並期望達成「人文素養與專業學理兼備」及「具備當代思維與國際視野」的教學目標.
授課形式
理論講述與討論-15.00%;個案分析或作品賞析-15.00%;專題實作與報告-70.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
實習共計486小時
教科書/參考書
金融機構實習工作相關講義
評分標準
實習機構主管評分 50% 期末報告 50%
學分數
9
授課時數(周)
3
開課班級
A10832
修課人數
2
本課程旨在藉由金融機構實習來提升學生在職場的適應能力與競爭能力,並透過金融機構實習的機會, 讓學生模擬進入職場, 將所學的理論應用於實務工作.此外, 本課程也可以讓學生瞭解目前金融機構的運作及獲得最新的實務知識. 整體而言, 本課程培養學生具備「職場需求為導向的專業能力」、「創新思維與主動學習的能力」、「金融倫理與服務的能力」及「以科學方法解決問題的能力」,並期望達成「人文素養與專業學理兼備」及「具備當代思維與國際視野」的教學目標.
授課形式
理論講述與討論-15.00%;個案分析或作品賞析-15.00%;專題實作與報告-70.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
實習共計486小時
教科書/參考書
金融機構實習工作相關講義
評分標準
實習機構主管評分 50% 期末報告 50%
學分數
9
授課時數(周)
3
開課班級
A10832
修課人數
2
111-2_證券分析與投資
教學目標
本課程的主要目的在於讓學生對於投資環境與投資理論有一初步的認識，同時也透過課外讀物的閱讀讓學生能將理論與實務的投資結合，以使學生有完整並實用的理財觀念。透過這門課的課外投資讀本可讓學生主動藉由網路收集與了解最新的金融訊息因此有助於學生資訊運用的能力以及拓展國際的金融視野。此外，課堂上投資專業的講解，有助於學生專業知識的提升，而課堂上的互動討論則在於啟發學生的創新思維。
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-0.00%;專題實作與報告-40.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
課程內容與進度 1-3週 固定收益證券簡介 固定收益證券價格之評價 固定收益證券報酬率之衡量 4-6週 彼特林區的投資哲學：彼特林區選股戰略 華倫巴菲特的投資哲學：勝券在握 總體經濟分析與產業分析 7-9週 股票評價 債券利率風險的衡量 期中考 10-12週 保守型債券投資組合 積極型債券投資組合 投資組合之績效衡量 13-15週 資產證券化 共同基金的介紹 避險基金的介紹 16-18週 行為財務 選股分析 期末考
教科書/參考書
Investments, McGRAW-HiLL, by Bodie、Kane、Marcus華泰書局 Bond Markets, Analysis, and Strategies, 7th edition，by Fabozzi（雙葉） 彼特林區選股戰略，財訊；勝券在握，遠流；基金理財六堂課，天下
評分標準
評分標準 期中考 20﹪； 期末考 20﹪；期中報告與投資組合競賽60﹪
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
6
本課程的主要目的在於讓學生對於投資環境與投資理論有一初步的認識，同時也透過課外讀物的閱讀讓學生能將理論與實務的投資結合，以使學生有完整並實用的理財觀念。透過這門課的課外投資讀本可讓學生主動藉由網路收集與了解最新的金融訊息因此有助於學生資訊運用的能力以及拓展國際的金融視野。此外，課堂上投資專業的講解，有助於學生專業知識的提升，而課堂上的互動討論則在於啟發學生的創新思維。
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-0.00%;專題實作與報告-40.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
課程內容與進度 1-3週 固定收益證券簡介 固定收益證券價格之評價 固定收益證券報酬率之衡量 4-6週 彼特林區的投資哲學：彼特林區選股戰略 華倫巴菲特的投資哲學：勝券在握 總體經濟分析與產業分析 7-9週 股票評價 債券利率風險的衡量 期中考 10-12週 保守型債券投資組合 積極型債券投資組合 投資組合之績效衡量 13-15週 資產證券化 共同基金的介紹 避險基金的介紹 16-18週 行為財務 選股分析 期末考
教科書/參考書
Investments, McGRAW-HiLL, by Bodie、Kane、Marcus華泰書局 Bond Markets, Analysis, and Strategies, 7th edition，by Fabozzi（雙葉） 彼特林區選股戰略，財訊；勝券在握，遠流；基金理財六堂課，天下
評分標準
評分標準 期中考 20﹪； 期末考 20﹪；期中報告與投資組合競賽60﹪
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
6
111-2_金融倫理
教學目標
-------------------------------------------------------------------------------------- 線上授課, 線上測驗(報告) 視訊平台: Microsoft Teams URL: https://teams.microsoft.com/l/team/19%3arpUmqtvM3DX8yH0NY1TTzwFwp7S50i4Tt3tqyn6F2Ck1%40thread.tacv2/conversations?groupId=3c592d96-bf2d-455c-9719-8021b84de1a9&tenantId=5a484953-77ef-42ec-90cf-2f4e1037ffc7 -------------------------------------------------------------------------------------- This course on financial ethics will be taught from a global and multi-disciplinary perspective as it integrates philosophy with management, economics, strategy, law, and public policy. The objectives of this course are to: 1.) Introduce students to a conceptual framework that will facilitate the examination of the range of ethical issues that arise when conducting business in today’s global marketplace; 2.) Encourage student thinking, reasoning and decision making from the points of view of various stakeholders (customers, employees, suppliers, governments, society) as each of these relationships creates ethical challenges and responsibilities. Students should consider such ethical issues in terms of the type of life they themselves wish to lead and the type of public policy for governing business that they are willing to support.
授課形式
理論講述與討論-20.00%;個案分析或作品賞析-80.00%;專題實作與報告-0.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1.) Course introduction 2.) Case 1: Monsanto attempts to balance stakeholder interests (Chapter 1) 3.) Case 2: Starbucks' mission: social responsibility and brand strength (Chapter 2) 4.) Case 3: Enron: questionable accounting leads to collapse (Chapter 3) 5.) Case 4: Tyco international: leadership crisis (Chapter 4) 6.) Case 5: Home depot implements stakeholder orientation (Chapter 5) 7.) Case 6: Arthur andersen: questionable accounting practices (Chapter 6) 8.) Enron (the movie) 9.) Midterm exam 10.) Case 7: Coping with financial and ethical risks at AIG (Chapter 7) 11.) Case 8: The fraud of the century: the case of bernard madoff (Chapter 8) 12.) Case 9: The coca-cola company struggles with ethical crises (Chapter 9) 13.) Case 10: BP focuses on sustainability (Chapter 10) 14.) Case 11: The american red cross (Chapter 11) 15.) Case 12: Countrywide financial: the subprime meltdown (Chapter 12) 16.) Case 13: Banking industry meltdown: the ethical and financial risks of derivatives (Chapter 13) 17.) Inside job (the movie) 18.) Final exam
教科書/參考書
1.) "Ethical Decision Making for Business" (8th edition), by John Fraedrich, OC Ferrell, and Linda Ferrell, South-Western Cengage Learning, 2011; 2.) The Wall Street Journal; 3.) Handouts and case studies, as directed.
評分標準
Major factors entering into grade determination will consist of: 1.) Class attendance and contribution to class discussion (20%); 2.) Participation in, and communication with respect to group/individual project (40%); 3.) Comprehensive final examination (40%). * NO extra credit allowed.
學分數
3
授課時數(周)
3
開課班級
A10932
修課人數
40
-------------------------------------------------------------------------------------- 線上授課, 線上測驗(報告) 視訊平台: Microsoft Teams URL: https://teams.microsoft.com/l/team/19%3arpUmqtvM3DX8yH0NY1TTzwFwp7S50i4Tt3tqyn6F2Ck1%40thread.tacv2/conversations?groupId=3c592d96-bf2d-455c-9719-8021b84de1a9&tenantId=5a484953-77ef-42ec-90cf-2f4e1037ffc7 -------------------------------------------------------------------------------------- This course on financial ethics will be taught from a global and multi-disciplinary perspective as it integrates philosophy with management, economics, strategy, law, and public policy. The objectives of this course are to: 1.) Introduce students to a conceptual framework that will facilitate the examination of the range of ethical issues that arise when conducting business in today’s global marketplace; 2.) Encourage student thinking, reasoning and decision making from the points of view of various stakeholders (customers, employees, suppliers, governments, society) as each of these relationships creates ethical challenges and responsibilities. Students should consider such ethical issues in terms of the type of life they themselves wish to lead and the type of public policy for governing business that they are willing to support.
授課形式
理論講述與討論-20.00%;個案分析或作品賞析-80.00%;專題實作與報告-0.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1.) Course introduction 2.) Case 1: Monsanto attempts to balance stakeholder interests (Chapter 1) 3.) Case 2: Starbucks' mission: social responsibility and brand strength (Chapter 2) 4.) Case 3: Enron: questionable accounting leads to collapse (Chapter 3) 5.) Case 4: Tyco international: leadership crisis (Chapter 4) 6.) Case 5: Home depot implements stakeholder orientation (Chapter 5) 7.) Case 6: Arthur andersen: questionable accounting practices (Chapter 6) 8.) Enron (the movie) 9.) Midterm exam 10.) Case 7: Coping with financial and ethical risks at AIG (Chapter 7) 11.) Case 8: The fraud of the century: the case of bernard madoff (Chapter 8) 12.) Case 9: The coca-cola company struggles with ethical crises (Chapter 9) 13.) Case 10: BP focuses on sustainability (Chapter 10) 14.) Case 11: The american red cross (Chapter 11) 15.) Case 12: Countrywide financial: the subprime meltdown (Chapter 12) 16.) Case 13: Banking industry meltdown: the ethical and financial risks of derivatives (Chapter 13) 17.) Inside job (the movie) 18.) Final exam
教科書/參考書
1.) "Ethical Decision Making for Business" (8th edition), by John Fraedrich, OC Ferrell, and Linda Ferrell, South-Western Cengage Learning, 2011; 2.) The Wall Street Journal; 3.) Handouts and case studies, as directed.
評分標準
Major factors entering into grade determination will consist of: 1.) Class attendance and contribution to class discussion (20%); 2.) Participation in, and communication with respect to group/individual project (40%); 3.) Comprehensive final examination (40%). * NO extra credit allowed.
學分數
3
授課時數(周)
3
開課班級
A10932
修課人數
40
111-2_財務實證研究
教學目標
本課程旨在培養學生具備「職場需求為導向的專業能力」、「創新思維與主動學習的能力」及「以科學方法解決問題的能力」,並期望達成「人文素養與專業學理兼備」及「具備當代思維與國際視野」的教學目標.此外,本課程亦希望培養學生獨立分析與研究的能力,並透過各種主題的論文研讀與探討,養成財務論文寫作的技能.
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-0.00%;專題實作與報告-40.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1.第1週(2/22): Kim, K. A. and S. G. Rhee, 1997. Price Limit Performance: Evidence from the Tokyo Stock Exchange, Journal of Finance, 52, 885-901. 2.第2週(3/1): Chang, C.-H. and S. Hsieh, 2008. Is the Daily Price Limit of the Taiwan Stock Exchange Effective? Fundamentals of Listed Stocks and Investors’ Perception of Fair Price, Asia-Pacific Journal of Financial Studies, 37, 675-726. 3.第3週(3/8): Li, J., Y. S. Shin, and W. T. Moore, 2006. Reactions of Japanese Markets to Changes in Credit Ratings by Global and Local Agencies, Journal of Banking & Finance, 30, 1007-1021. 4.第4週(3/15): Chang, C.-H. and K. C. Chan, 2011. Investment banks’ stock ratings, call warrant issuance, and responses from heterogeneous investors: Evidence from Taiwan, International Review of Economics & Finance, 20(4), 733-743. 5.第5週(3/22): Chang, C.-H., 2017. Exploring stock recommenders’ behaviors and recommendation receivers’ sophistication, Journal of Economics and Finance, 41(1), 1-26. 6.第6週(3/29): Solt, M. E. and M. Statman, 1989. Good companies, bad stocks, Journal of Portfolio Management, 15(4), 39-44. 7.第7週(4/5):放假 8.第8週(4/12): Chang, C.-H., H.-H. Huang, Y.-C. Chang, and, T.-Y. Lin, 2015. Stock characteristics and psychological pitfalls, Managerial Finance, 41(12), 1298-1317. 9.第9週(4/19): 期中研讀報告 10.第10週(4/26): Hou, K., 2007. Industry Information Diffusion and the Lead-lag Effect in Stock Returns, Review of Financial Studies, 20, 1113-1138. 11.第11週(5/3): Chang, C.-H., H.-I. Cheng, I.-H. Huang, and H.-H. Huang, 2011. Lead-lag relationship, volatility asymmetry, and overreaction phenomenon, Managerial Finance, 37(1), 47-71. 12.第12週(5/10): An, H. and K. C. Chan, 2008. Credit Ratings and IPO Pricing, Journal of Corporate Finance, 14(5), 584-595. 13.第13週(5/17): Chang, C.-H., 2011, IPO underpricing: A social comparison perspective, International Review of Economics & Finance, 20(3), 367-375. 14.第14週(5/24): Chiang, T. C. and D. Zheng, 2010. An empirical analysis of herd behavior in global stock markets, Journal of Banking & Finance, 34(8), 1911-1921. 15.第15週(5/31): Chang, C.-H. and S.-J. Lin, 2015. The effects of national culture and behavioral pitfalls on investors’ decision-making: Herding behavior in international stock markets, International Review of Economics & Finance, 37, 380-392. 16.第16週(6/7): Dittmar, A.K., 2000. Why do firms repurchase stock? Journal of Business, 73(3), 331-355. 17.第17週(6/14): L.-C. Lee, C.-H. Chang, C.-C. Tsai, and T.-Y. Cheng, 2013. The effect of psychological pitfalls on investors’ reaction and repurchasing firms’ motivation, Asia Pacific Management Review, 18(1), 1-23. 18.第18週: 期末研讀報告
教科書/參考書
JF、JFE、RFS、JFQA等期刊內容中與授課主題有關的論文。
評分標準
論文研讀報告 70% 平常成績 30%
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
13
本課程旨在培養學生具備「職場需求為導向的專業能力」、「創新思維與主動學習的能力」及「以科學方法解決問題的能力」,並期望達成「人文素養與專業學理兼備」及「具備當代思維與國際視野」的教學目標.此外,本課程亦希望培養學生獨立分析與研究的能力,並透過各種主題的論文研讀與探討,養成財務論文寫作的技能.
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-0.00%;專題實作與報告-40.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1.第1週(2/22): Kim, K. A. and S. G. Rhee, 1997. Price Limit Performance: Evidence from the Tokyo Stock Exchange, Journal of Finance, 52, 885-901. 2.第2週(3/1): Chang, C.-H. and S. Hsieh, 2008. Is the Daily Price Limit of the Taiwan Stock Exchange Effective? Fundamentals of Listed Stocks and Investors’ Perception of Fair Price, Asia-Pacific Journal of Financial Studies, 37, 675-726. 3.第3週(3/8): Li, J., Y. S. Shin, and W. T. Moore, 2006. Reactions of Japanese Markets to Changes in Credit Ratings by Global and Local Agencies, Journal of Banking & Finance, 30, 1007-1021. 4.第4週(3/15): Chang, C.-H. and K. C. Chan, 2011. Investment banks’ stock ratings, call warrant issuance, and responses from heterogeneous investors: Evidence from Taiwan, International Review of Economics & Finance, 20(4), 733-743. 5.第5週(3/22): Chang, C.-H., 2017. Exploring stock recommenders’ behaviors and recommendation receivers’ sophistication, Journal of Economics and Finance, 41(1), 1-26. 6.第6週(3/29): Solt, M. E. and M. Statman, 1989. Good companies, bad stocks, Journal of Portfolio Management, 15(4), 39-44. 7.第7週(4/5):放假 8.第8週(4/12): Chang, C.-H., H.-H. Huang, Y.-C. Chang, and, T.-Y. Lin, 2015. Stock characteristics and psychological pitfalls, Managerial Finance, 41(12), 1298-1317. 9.第9週(4/19): 期中研讀報告 10.第10週(4/26): Hou, K., 2007. Industry Information Diffusion and the Lead-lag Effect in Stock Returns, Review of Financial Studies, 20, 1113-1138. 11.第11週(5/3): Chang, C.-H., H.-I. Cheng, I.-H. Huang, and H.-H. Huang, 2011. Lead-lag relationship, volatility asymmetry, and overreaction phenomenon, Managerial Finance, 37(1), 47-71. 12.第12週(5/10): An, H. and K. C. Chan, 2008. Credit Ratings and IPO Pricing, Journal of Corporate Finance, 14(5), 584-595. 13.第13週(5/17): Chang, C.-H., 2011, IPO underpricing: A social comparison perspective, International Review of Economics & Finance, 20(3), 367-375. 14.第14週(5/24): Chiang, T. C. and D. Zheng, 2010. An empirical analysis of herd behavior in global stock markets, Journal of Banking & Finance, 34(8), 1911-1921. 15.第15週(5/31): Chang, C.-H. and S.-J. Lin, 2015. The effects of national culture and behavioral pitfalls on investors’ decision-making: Herding behavior in international stock markets, International Review of Economics & Finance, 37, 380-392. 16.第16週(6/7): Dittmar, A.K., 2000. Why do firms repurchase stock? Journal of Business, 73(3), 331-355. 17.第17週(6/14): L.-C. Lee, C.-H. Chang, C.-C. Tsai, and T.-Y. Cheng, 2013. The effect of psychological pitfalls on investors’ reaction and repurchasing firms’ motivation, Asia Pacific Management Review, 18(1), 1-23. 18.第18週: 期末研讀報告
教科書/參考書
JF、JFE、RFS、JFQA等期刊內容中與授課主題有關的論文。
評分標準
論文研讀報告 70% 平常成績 30%
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
13
111-2_計算財務
教學目標
本課程預計延續第一學期的財務工程，進一步探討財務工程領域中，所使用到的數值方法和理論模型，並將其程式化應用，如: 蒙地卡羅法與路徑相依選擇權計價、有限差分法、Black-Scholes模型下的美式選擇權計價等。並且學生需要在虛擬平台上進行避險策略測試。
授課形式
理論講述與討論-100.00%;個案分析或作品賞析-0.00%;專題實作與報告-0.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1. Simulation with Stochastic Differential Equations
2. Dynamic Hedging Strategies
3. The Monte Carlo Method
4. Finite Difference Methods
5. Estimate Volatility with High Frequency Data
6. Building Tree Models for Ito's Processes
7. Calibration
教科書/參考書
1. Dixit, A.K. and Pindyck, R.S. (1994). Investment under Uncertainty. Princeton University Press.
2. Seydel, R. (2012). Tools for Computational Finance (5th Edition). Springer.
評分標準
1. 避險策略虛擬交易: 一次10%，至多五次
2. 程式問題: 100% - 虛擬交易所佔分數
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
8
本課程預計延續第一學期的財務工程，進一步探討財務工程領域中，所使用到的數值方法和理論模型，並將其程式化應用，如: 蒙地卡羅法與路徑相依選擇權計價、有限差分法、Black-Scholes模型下的美式選擇權計價等。並且學生需要在虛擬平台上進行避險策略測試。
授課形式
理論講述與討論-100.00%;個案分析或作品賞析-0.00%;專題實作與報告-0.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1. Simulation with Stochastic Differential Equations
2. Dynamic Hedging Strategies
3. The Monte Carlo Method
4. Finite Difference Methods
5. Estimate Volatility with High Frequency Data
6. Building Tree Models for Ito's Processes
7. Calibration
教科書/參考書
1. Dixit, A.K. and Pindyck, R.S. (1994). Investment under Uncertainty. Princeton University Press.
2. Seydel, R. (2012). Tools for Computational Finance (5th Edition). Springer.
評分標準
1. 避險策略虛擬交易: 一次10%，至多五次
2. 程式問題: 100% - 虛擬交易所佔分數
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
8
111-2_公司治理
教學目標
公司治理是健全資本市場重要的基礎，也是吸引投資人持續投資的關鍵，為落實公司治理，提升企業永續發展，並強化資本市場國際競爭力，主管機關金融監督管理委員會發布「公司治理3.0-永續發展藍圖」，提出五大主軸、39項具體目標，分三年時程來推動。因應此一潮流趨勢，本課程將涵蓋一系列公司治理與ESG主題課程，讓學生了解公司治理的內涵。
授課形式
理論講述與討論-70.00%;個案分析或作品賞析-10.00%;專題實作與報告-20.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
CH1 公司治理基本概念
CH 2 公司治理架構與機制：內、外部模式
CH 4 全球股權結構類型
CH 5 全球董事會制度與類型
CH 6 全球內部治理類型之個案介紹
CH 7 如何健全董事會功能與薪酬制度？
CH 9 家族企業與傳承決策
CH 10 集團治理
金管會「公司治理3.0--永續發展藍圖 (2021-2023)
CSR與ESG
企業社會責任投資
教科書/參考書
教科書：
葉銀華，公司治理：全球觀點、台灣體驗(第三版)，滄海書局。
參考書
1.重新想像資本主義：全面實踐ESG，打造永續新商模，天下財經。
2.葉銀華，2021，如何避開地雷股，天下雜誌。
3.劉宗聖等，2019，ESG 12堂趨勢課，經濟日報。
4.金管會「公司治理3.0--永續發展藍圖 (2021-2023) 」
評分標準
出席與課堂參與 10%
期中考 30%
期末考 30%
課堂報告(公司治理與ESG主題) 30%
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
22
公司治理是健全資本市場重要的基礎，也是吸引投資人持續投資的關鍵，為落實公司治理，提升企業永續發展，並強化資本市場國際競爭力，主管機關金融監督管理委員會發布「公司治理3.0-永續發展藍圖」，提出五大主軸、39項具體目標，分三年時程來推動。因應此一潮流趨勢，本課程將涵蓋一系列公司治理與ESG主題課程，讓學生了解公司治理的內涵。
授課形式
理論講述與討論-70.00%;個案分析或作品賞析-10.00%;專題實作與報告-20.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
CH1 公司治理基本概念
CH 2 公司治理架構與機制：內、外部模式
CH 4 全球股權結構類型
CH 5 全球董事會制度與類型
CH 6 全球內部治理類型之個案介紹
CH 7 如何健全董事會功能與薪酬制度？
CH 9 家族企業與傳承決策
CH 10 集團治理
金管會「公司治理3.0--永續發展藍圖 (2021-2023)
CSR與ESG
企業社會責任投資
教科書/參考書
教科書：
葉銀華，公司治理：全球觀點、台灣體驗(第三版)，滄海書局。
參考書
1.重新想像資本主義：全面實踐ESG，打造永續新商模，天下財經。
2.葉銀華，2021，如何避開地雷股，天下雜誌。
3.劉宗聖等，2019，ESG 12堂趨勢課，經濟日報。
4.金管會「公司治理3.0--永續發展藍圖 (2021-2023) 」
評分標準
出席與課堂參與 10%
期中考 30%
期末考 30%
課堂報告(公司治理與ESG主題) 30%
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
22
111-2_財金文獻導讀
教學目標
The course is an introduction to behavioral finance literature. Behavioral finance explains market anomalies by studying the influence of psychology on the decision making of market participants. The literature review of this course will discuss the relevant research in the growing fields of behavioral finance. The selected literature focuses on articles with direct relevance to herd behavior, investor sentiment, overconfidence, noise trading, asset pricing, and corporate finance. Each student is required to make two oral presentations and write a paper review during the semester. In addition, we will discuss how to search key papers and read academic papers in the class.
授課形式
理論講述與討論-35.00%;個案分析或作品賞析-30.00%;專題實作與報告-35.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
Date Topics 2/13 Introduction 2/20 How to prepare your dissertation 2/27 Holiday 3/6 How to read an academic paper 3/13 How to read an academic paper 3/20 Introduction to literature on behavioral finance 3/27 Introduction to literature on behavioral finance 4/3 Holiday 4/10 Midterm exam week 4/17 How to make a good presentation 4/24 How to write your dissertation 5/1 How to write your dissertation 5/8 Student oral presentation 5/15 Student oral presentation 5/22 Student oral presentation 5/29 Student oral presentation 6/5 Student oral presentation 6/12 Final exam week
教科書/參考書
References 1. 活用學術字彙：跨出論文寫作的第一步 (2010) 台大寫作教學中心 2. 從字句到結構：學術論文寫作指引（第二版）(2015) 台大寫作教學中心 3. 從段落到篇章：學術寫作析論技巧 (2010) 台大寫作教學中心 4. 學術文獻回顧與分析
評分標準
Oral presentations: 50%. Paper reviews: 40%. Participation: 10%. 本學期有兩次口頭報告，6/12 11:59 pm前繳交一篇800 ~ 1000字書面報告， 書面報告內容包含期刊論文的研究動機與目的、研究方法、研究結果與貢獻， 以及，對期刊論文給予學術性的評論，本課程的期刊論文以行為財務領域為主。
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
4
The course is an introduction to behavioral finance literature. Behavioral finance explains market anomalies by studying the influence of psychology on the decision making of market participants. The literature review of this course will discuss the relevant research in the growing fields of behavioral finance. The selected literature focuses on articles with direct relevance to herd behavior, investor sentiment, overconfidence, noise trading, asset pricing, and corporate finance. Each student is required to make two oral presentations and write a paper review during the semester. In addition, we will discuss how to search key papers and read academic papers in the class.
授課形式
理論講述與討論-35.00%;個案分析或作品賞析-30.00%;專題實作與報告-35.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
Date Topics 2/13 Introduction 2/20 How to prepare your dissertation 2/27 Holiday 3/6 How to read an academic paper 3/13 How to read an academic paper 3/20 Introduction to literature on behavioral finance 3/27 Introduction to literature on behavioral finance 4/3 Holiday 4/10 Midterm exam week 4/17 How to make a good presentation 4/24 How to write your dissertation 5/1 How to write your dissertation 5/8 Student oral presentation 5/15 Student oral presentation 5/22 Student oral presentation 5/29 Student oral presentation 6/5 Student oral presentation 6/12 Final exam week
教科書/參考書
References 1. 活用學術字彙：跨出論文寫作的第一步 (2010) 台大寫作教學中心 2. 從字句到結構：學術論文寫作指引（第二版）(2015) 台大寫作教學中心 3. 從段落到篇章：學術寫作析論技巧 (2010) 台大寫作教學中心 4. 學術文獻回顧與分析
5. 研究生的核心能力
6. 資料蒐集技巧 https://speech.ntu.edu.tw/ntuspeech/Video/id-72
7. 簡報技巧 https://speech.ntu.edu.tw/sng/ci/index.php?c=User&m=vod_film&film_series=51&pager_PageID=2&film_sn=1156
8. 甚麼是碩博士論文 https://speech.ntu.edu.tw/ntuspeech/Video/id-2690
9. 課堂講義
Reading List
The readings related with behavioral finance will be announced in the class.
評分標準
Oral presentations: 50%. Paper reviews: 40%. Participation: 10%. 本學期有兩次口頭報告，6/12 11:59 pm前繳交一篇800 ~ 1000字書面報告， 書面報告內容包含期刊論文的研究動機與目的、研究方法、研究結果與貢獻， 以及，對期刊論文給予學術性的評論，本課程的期刊論文以行為財務領域為主。
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
4
111-2_金融風險管理
教學目標
有關風險管理的議題日益重要，本課程以實務方向為主，旨在訓練學生金融創新及風險控管的能力的核心能力，課程中將教授學生風險管理理論與方法，其中包括各種市場風險風險值計算及避險工具，以利其未來就業或升學。
授課形式
理論講述與討論-80.00%;個案分析或作品賞析-0.00%;專題實作與報告-20.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
課程內容與教學進度： 第一週 前言 第二週 財務風險管理的數理基礎 第三週 貨幣與金融市場交易工具 第四週 風險管理的工具：衍生性金融商品 第五週 市場風險的衡量 第六週 風險值介紹 第七週 風險值介紹 第八週 風險值介紹 第九週 期中考 第十週 信用風險的衡量 第十一週 信用風險的衡量 第十二週 信用風險的模型 第十三週 信用風險的模型 第十四週 信用風險的模型 第十五週 Basel資本協定 第十六週 全方位風險管理 第十七週 新型態風險管理工具 第十八週 期末考或期末報告
教科書/參考書
教科書： 陳達新，周恆志合著，財務風險管理-工具衡量與未來發展，雙葉書局 自編教材 參考書籍： 風險管理理論與方法-台灣金融研訓院 The Fundamentals of Risk Measurement, Chris Marrison，新陸代理 Value at Risk- The New Benchmark for Managing Financial Risk, Philippe Jorion，金融研訓中心
評分標準
平常表現：30% 期中考：30% 期末考或期末報告：40% 每次缺課扣總分5分,學生請假規定如下 1.事假需事先核可 2.臨時性狀況(如病假,生理假或不可抗力事件等),需於開始點名前告知(如:mail,請同學轉告,打給系辦等),事前告知後無需再上網請假 3.未事前告知之缺課,點完名後再補請,除了附證明之病假外,皆不核可
學分數
3
授課時數(周)
3
開課班級
A10832
修課人數
23
有關風險管理的議題日益重要，本課程以實務方向為主，旨在訓練學生金融創新及風險控管的能力的核心能力，課程中將教授學生風險管理理論與方法，其中包括各種市場風險風險值計算及避險工具，以利其未來就業或升學。
授課形式
理論講述與討論-80.00%;個案分析或作品賞析-0.00%;專題實作與報告-20.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
課程內容與教學進度： 第一週 前言 第二週 財務風險管理的數理基礎 第三週 貨幣與金融市場交易工具 第四週 風險管理的工具：衍生性金融商品 第五週 市場風險的衡量 第六週 風險值介紹 第七週 風險值介紹 第八週 風險值介紹 第九週 期中考 第十週 信用風險的衡量 第十一週 信用風險的衡量 第十二週 信用風險的模型 第十三週 信用風險的模型 第十四週 信用風險的模型 第十五週 Basel資本協定 第十六週 全方位風險管理 第十七週 新型態風險管理工具 第十八週 期末考或期末報告
教科書/參考書
教科書： 陳達新，周恆志合著，財務風險管理-工具衡量與未來發展，雙葉書局 自編教材 參考書籍： 風險管理理論與方法-台灣金融研訓院 The Fundamentals of Risk Measurement, Chris Marrison，新陸代理 Value at Risk- The New Benchmark for Managing Financial Risk, Philippe Jorion，金融研訓中心
評分標準
平常表現：30% 期中考：30% 期末考或期末報告：40% 每次缺課扣總分5分,學生請假規定如下 1.事假需事先核可 2.臨時性狀況(如病假,生理假或不可抗力事件等),需於開始點名前告知(如:mail,請同學轉告,打給系辦等),事前告知後無需再上網請假 3.未事前告知之缺課,點完名後再補請,除了附證明之病假外,皆不核可
學分數
3
授課時數(周)
3
開課班級
A10832
修課人數
23
111-2_國際財務管理
教學目標
The objective of this course is to introduce the student to the concepts, theories, problems, and applications of international financial management. This course provides coverage of issues in international finance. Specific topics include: the risks and benefits of business expansion across national borders; the environment and markets in which international business is conducted; the behavior and determination of exchange rates; exchange rate arbitrage.
授課形式
理論講述與討論-80.00%;個案分析或作品賞析-0.00%;專題實作與報告-20.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
教科書/參考書
Required Text Book: Multinational Financial Management, 11th edition Asia Edition, by Alan C. Shapiro and Paul Hanouna, Wiley, 2019, ISBN: 978-1-119-66886-2 滄海代理
評分標準
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
17
The objective of this course is to introduce the student to the concepts, theories, problems, and applications of international financial management. This course provides coverage of issues in international finance. Specific topics include: the risks and benefits of business expansion across national borders; the environment and markets in which international business is conducted; the behavior and determination of exchange rates; exchange rate arbitrage.
授課形式
理論講述與討論-80.00%;個案分析或作品賞析-0.00%;專題實作與報告-20.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
Course Outline:
|
Week |
Date |
Topic |
Required Reading |
|
1 |
02/13 - 02/17 |
Introduction: Multinational Corporations and Financial Management |
Chapter 1 |
|
2 |
02/20 - 03/24 |
The Determination of Exchange Rates |
Chapter 2 |
|
3 |
02/27 - 03/03 |
Holiday |
|
|
4 |
03/06 - 03/10 |
The International Monetary System |
Chapter 3 |
|
5 |
03/13 - 03/17 |
Parity Conditions in International Finance and Currency Forecasting |
Chapter 4 |
|
6 |
03/20 - 03/24 |
The Balance of Payments and International Economic Linkages |
Chapter 5 |
|
7 |
03/27 - 03/31 |
The Foreign Exchange Market |
Chapter 6 |
|
8 |
04/03 - 03/07 |
Holiday |
|
|
9 |
04/10 - 04/14 |
Midterm Exam 04/11/2023 |
|
|
10 |
04/17 - 04/21 |
Currency Futures and Options Markets |
Chapter 7 |
|
11 |
04/24 - 04/28 |
Currency, Interest Rate, and Credit Derivatives and Swaps |
Chapter 8 |
|
12 |
05/01 - 05/05 |
Measuring and Managing Translation and Transaction Exposure |
Chapter 9 |
|
13 |
05/08 - 05/12 |
Measuring and Managing Economic Exposure |
Chapter 10 |
|
14 |
05/15 - 05/19 |
International Financing and National Capital Markets |
Chapter 11 |
|
15 |
05/22 - 05/26 |
The Euromarkets |
Chapter 12 |
|
16 |
05/29 - 06/02 |
International Portfolio Management |
Chapter 13 |
|
17 |
06/05 - 06/09 |
Corporate Strategy and Foreign Direct Investment |
Chapter 16 |
|
18 |
06/12 - 06/16 |
Final Exam 06/13/2023 |
|
** The above is tentative course schedule. Hopefully, we will get through all the listed topics.
教科書/參考書
Required Text Book: Multinational Financial Management, 11th edition Asia Edition, by Alan C. Shapiro and Paul Hanouna, Wiley, 2019, ISBN: 978-1-119-66886-2 滄海代理
評分標準
Course Evaluation Process:
Grading:
Your final grade will be based upon your performance on a midterm exam and a final exam.
Midterm Exam 40%
Final Exam 40%
Presentation 20%
Attendance 5%
All grading is done on a percentage basis.
Exams and Quizzes:
Midterm and Final Exams
All exams are closed book exams. The materials covered for the midterm exam will be announced in class. The comprehensive final exam will cover all materials covered in class before and after the midterm exam. The practice exam for each exam will be posted on my webpage before the exam. All examinations will include only materials covered in class, and will be of the closed book type. Examinations will be composed of multiple choice, problems and essays. The particular format will be indicated prior to the exam. There is no make-up exam. If an emergency or illness should force you to miss an examination, contact me before the exam to make alternative arrangements. If we do not discuss the situation before the exam date, no make-up will be given.
Exam notes:
Given that a financial calculator is mandatory, there is no sharing of calculators. Any sharing of calculators during the exam will be considered cheating.
Attendance Policy: Students are encouraged to attend the class. Students are fully responsible to being in the class.
Academic Dishonesty: No cheating is allowed during the exam. Copying assignments is also considered for cheating.
Important dates
Midterm Exam Monday, April 11th 2023
Final Exam: Monday, June 13th, 2023
Important note: There will be no makeup exams and quizzes. If you miss an exam for an excused reason, you must contact me before the exam in order to be excused. There are no exceptions to this rule. I will determine excusable absences.
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
17
111-2_投資學
教學目標
本課程為金管系碩士班學生必修課目，適合已修習會計學、經濟學、統計學及微積分之學生修課。投資學的主題在探索資產的報酬與價格之決定，本課程將重心置於股票報酬與價格之決定因素與相關議題，並訓練修習的學生具備碩士等級的投資學相關基礎理論和實證方法與成果之知識。
授課形式
理論講述與討論-40.00%;個案分析或作品賞析-30.00%;專題實作與報告-30.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
課程內容包括以下幾個部分: (1) 系統性風險 (1-2週) (2) 非系統性風險 (3-6週) (3) 流動性風險 (7-9週) (4) 價值與成長型投資 (10-13週) (5) 短期價格記憶 (short-run price momentum) (14-16週) (6) 股價的預期因子 (predictability) (17週) (7) 資產評價之新發展 (18週)。詳細的章節將安排在課程內容中列示。
教科書/參考書
上課參考用書為 “Bodie, Zvi, Alex Kane, and Alan J. Marcus, 2007, Investment, The Mcgraw-Hill Companies Inc.” [新陸書局: 02-23512587] (1) 系統性風險 (1-2週) 黃一祥，2009，「系統性風險之估計及對橫斷面股票報酬之解釋能力- 投資組合重構頻率之影響」，《證券市場發展季刊》，第21卷第3期，107-142頁。 黃一祥，2009，「人力所得、條件資本資產評價模式、及橫斷面股票報酬」，《財務金融學刊》，第17卷第1期，41-74頁。 黃一祥、王元章、何加政、許嘉惠，2003，「台灣股市系統性風險之估計及橫斷面預期報酬之分析」，《財務金融學刊》，11(3)，1-33。 Fama, Eugene F., and Kenneth R. French, 1992, The cross-section of expected stock returns, Journal of Finance 47, 427-465. (2) 非系統性風險 (3-6週) 黃一祥、呂耿光、黃旭輝、張志向，2010，「公司特有風險與橫斷面股票預期報酬-台灣股市之實證」，《經濟論文》，第38卷第3期，503-542頁。 Ang, A. R.J. Hodrick, Y. Xing, and X. Zhang, 2006, The cross-section of volatility and expected returns, Journal of Finance, 61, 259-299. Ang, A. R.J. Hodrick, Y. Xing, and X. Zhang, 2009, High idiosyncratic volatility and low returns: International and further U.S. evidence, Journal of Financial Economics, 91, 1-23. Bali, T. G., N. Cakici, X. Yan, and Z. Zhang. 2005. Does idiosyncratic risk really matter? Journal of Finance 60, 905–29. Bali, T. G., and N. Cakici, 2008. Idiosyncratic volatility and the cross section of expected returns, Journal of Financial and Quantitative Analysis, 43, 29-58. Bodnaruk, A. and P. Ostberg, 2009, Does investor recognition predict returns? Journal of Financial Economics, 91, 208-226. Gaspar, Jose´-Miguel and Massimo Massa, 2006. Idiosyncratic Volatility and Product Market Competition, Journal of Business, 79, 3125-3152. Goyal, A., and P. Santa-Clara, 2003, Idiosyncratic Risk Matters! Journal of Finance 58, 975–1007. Wei, S. X., and C. Zhang. 2006. Why did individual stocks become more volatile? Journal of Business 79:259–292. Mashruwala, Christina, Shivaram Rajgopal and Terry Shevlin, 2006. Why is the accrual anomaly not arbitraged away? The role of idiosyncratic risk and transaction costs. Journal of Accounting and Economics, 42, 3-33. Xu, Yexiao, and Burton G. Malkiel, 2003. Investigating the behavior of idiosyncratic volatility, Journal of Business, 76, 613-644. (3) 流動性風險 (7-9週) Acharya, V.V., and L. H. Pedersen, 2005. Asset pricing with liquidity risk, Journal of Financial Economics, 77,375–410. Amihud, Y., 2002. Illiquidity and Stock Returns: Cross Section and Time Series Effects, Journal of Financial Markets, 5, 31-56. Barclay, M.J., and T. Hendershott, 2004. Liquidity externalities and adverse selection: evidence from trading after hours, Journal of Finance, 58, 681–710. Bekaert Geert, Harvey Campbell R. and Christian Lundblad, 2007, Liquidity and Expected Returns: Lessons from Emerging Markets, Review of Financial Studies, 20, 1-49. Chan, Wesley S., 2003, Stock price reaction to news and no-news: Drift and reversal after headlines, Journal of Financial Economics, 70, 223–260. Garfinkel, Jon A., and Jonathan Sokobin, 2006, Volume, Opinion Divergence, and Returns: A Study of Post–Earnings Announcement Drift, Journal of Accounting Research, 44,85-112. Gervais, Simon, Ron Kaniel, and Dan H. Mingelgrin, 2001, The High-Volume Return Premium, Journal of Finance, 56, 877–919. Korajczyk, R. A. , and R. Sadka, 2008, Pricing the commonality across alternative measures of liquidity, Journal of Financial Economics, 87, 45-72. Lesmond, D. A., 2005, Liquidity of Emerging Markets, Journal of Financial Economics, 77, 411-452. Pastor, L. and R.F. Stambaugh, 2003, Liquidity Risk and Expected Stock Returns, Journal of Political Economy, 111, 642-685. (4) 價值與成長型投資 (10-12週) Ali, A., Hwang, L., and M. Trombley, 2003, Arbitrage risk and the book-to-market anomaly, Journal of FinancialEconomics, 69, 355–373. Bansal, Ravi, and Amir Yaron, 2004, Risks for the long-run: A potential resolution of asset pricing puzzles, Journal of Finance, 59, 1481-1509. Desai, H., Rajgopal, S., and M. Venkatachalam, 2004, Value glamour and accrual mispricing, One anomaly or two? The Accounting Review 79, 355–385. Cohen, Randolph B., Christopher Polk, and Tuomo Vuolteenaho, 2003, The value spread, Journal of Finance, 58, 609-641. Conrad, Jennifer, Michael Cooper, and Gautam Kaul, 2003, Value versus Glamour, Journal of Finance, 58, 1969-1995. Fama, Eugene F., and Kenneth R. French, 2006, The value premium and the CAPM, Journal of Finance, 61, 55-84. Fama, Eugene F., and Kenneth R. French, 2008, Average returns, B/M, and share issues, Journal of Finance, 63, 2971-2995. Huang, I-Hsiang, 2011, “The cyclical behavior of the risk of value strategy: Evidence from Taiwan,” Pacific-Basin Finance Journal, 19, 404-419. Patkova, Ralitsa, and Lu Zhang, 2005, Is value riskier than growth? Journal of Financial Economics, 78, 187-202. Zhang, Lu, 2005, The value premium, Journal of Finance, 60, 67-103. Lettau, martin, and Jessica A. Wachter, 2007, Why is long-horizon equity less risky？A duration-based explanation of the value premium, Journal of Finance, 62, 55-92. Penman, Stephen H., Scott A. Richardson, and irem Tuna, 2007, The book-to-price effect in stock returns: Accounting for leverage, Journal of Accounting Research, 45, 427-467. (5) 短期價格動能 (price momentum) (13-15週) Badrinath, S., and S. Wahal, 2002, Momentum trading by institutions, Journal of Finance, 57(6), 2449–2478. Chordia, Tarun and Lakshmanan, Shivakumar, 2006, Earnings and price momentum, Journal of Financial Economics, 80, 627-656. Cooper, M., Gutierrez Jr., and R.C., A. Hameed, 2004, Market states and momentum, Journal of Finance, 59, 1345–1365. Griffin, J. M. X. Ji, and J. S. Martin, 2003, Momentum investing and business cycle risk: Evidence from pole to pole, Journal of Finance, 58, 2515-2547. Grinblatt, M., and T. J. Moskowitz, 2004, Predicting stock price movements from past return: The role of consistency and tax-loss selling, Journal of Financial Economics, 71(3), 541–579. Grinblatt, Mark, and Bin Han, 2005, Prospect theory, mental accounting, and momentum, Journal of Financial Economics, 78, 311–339. Heston, S.L., and R. Sadka, 2008, Seasonality in the cross-section of stock returns, Journal of Financial Economics, 87, 418-445. Hvidkjaer, Soeren , 2006, A Trade-Based Analysis of Momentum, The Review of Financial Studies, 19, 457-491. Jegadeesh, N., and S. Titman, 2001, Profitability of momentum strategies: an evaluation of alternative explanations, Journal of Finance, 56, 699–720. Korajczyk, R., Sadka, R., 2004, Are momentum profits robust to trading costs? Journal of Finance, 59,1039–1082. Lesmond, D., Schill, M., and C. Zhou, 2004, The illusory nature of momentum profits, Journal of Financial Economics, 71, 349–380. Sadka Ronnie, 2006, Momentum and post-earnings-announcement drift anomalies: The role of liquidity risk, Journal of Financial Economics, 80, 309-349. (6) 可預期股價 (predictability) (16週) Ang A., and G. Bekaert, 2007, Stock return predictability: Is it there ? Review of Financial Studies, 20,651-707. Bhojraj, S., and B. Swaminathan, 2004, Macromomentum: Returns Predictability in International Equity Indices, Journal of Business, 79(1), 429–451. Cohen, R., P. Gompers, and T. Vuolteenaho, 2003, Who underreacts to cash-flow news? Evidence from trading between Individuals and Institutions, Journal of Financial Economics, 66, 409–462. Goyal, A., and I. Welch, 2003, Predicting the equity premium with dividend ratios. Management Science, 49, 639-654. Hanna, J. Douglas, and Mark J. Ready, 2005, Profitable predictability in the cross section of stock returns, Journal of Financial Economics, 78, 463–505 Hecht, Peter. And Tuomo Vuolteenaho, 2006, Explaining Returns with Cash-Flow Proxies, The Review of Financial Studies, 19,159-194. Lettau, Martin., and Sydney C. Ludvigson, 2005, Expected returns and expected dividend growth. Journal of Financial Economics,76,583–626. Lewellen, J., 2003, Predicting returns with financial ratios, Journal of Financial Economics, 74, 209–235. Menzly, L., Santos, T., and P. Veronesi, 2004, Understanding predictability, Journal of Political Economy, 112 (1), 1–47. (7) Currency risk (17週) Brennan, Michael J., and Yihong Xia, 2006, International capital markets and foreign exchange risk, Review of Financial Studies, 19, 753-795. Carrieri, Francesca, Vihang Errunza, and Basma Majerbi, 2006, Does emerging market exchange risk affect global equity prices? Journal of Financial and Quantitative Analysis, 41, 511-540. Kolari, james W., Ted C. Moorman, and Sorin M. Sorescu, 2008, Foreign exchange risk and the cross-section of stock returns, Journal of International Money and Finance, 27,1074-1097. (8) New development in asset pricing (18週) Grout, P. A. and A. Zalewska, 2006, The impact of regulation on market risk, Journal of Financial Economics, 80, 149-184. Jagannathan, R. and Y. Wang, 2007, Lazy investors, discretionary consumption, and the cross-section of stock returns, Journal of Finance, 62, 1623-1661. Lemmon, M., and E. Portniaguina, 2006, Consumer confidence and asset prices: Some empirical evidence, Review of Financial Studies, 19, 1499-1529. Larrain, B., and M. Yogo, 2008, Does firm value move too much to be justified by subsequent changes in cash flow? Journal of Financial Economics,87, 200-226. Yogo, Motohiro, 2005, A consumption-based explanation of the cross section of expected stock returns, Journal of Finance, 60, 539-580. Santa-Clara, P., and R. Valkanov, 2003, Political cycles and the stock market, Journal of Finance, 58, 1841-1872.
評分標準
本課程之評分項目包括期中考、期末考以及平常查考等三部分，其佔學期總成績比重分別為20%、20%及60%，總成績最高為100分，70分及格。 平常查考成績分為兩部分: (1)上課參與情形 (2) 學生的文獻報告與評論，其分別各佔平常查考成績的35%和65%。上課參與情形項目包括出席上課、課堂的教學回應與參與情形，上課表現良好和不佳的情形，每次加(或減) 上課參與情形之成績5分(即總分1.05分=35%*60%*5分)，上課參與情形的基本分數以80分計算 (即總分16.8分=35%*60%*80分)。基本上，第一次、第二次、第三次無故缺席扣上課參與情形的30%、35%、35%。若有超過三次以上之無故缺席，其每超過一次 (即第四次以後) 的無故缺席則另外加扣總學期成績7分。第一次、第二次、第三次無故遲到早退扣上課參與情形的8%、12%、15%。若有超過四次之無故遲到早退者，其每超過一次則另外加扣總學期成績2分。上課未帶課本者每次扣總成績2分。 若上課參與情形項目的總分已被扣完，但仍有缺曠課或上課表現不好等情事，則倒扣其他項目分數。即平常查考雖已被扣至零分，仍有缺曠課者將另外倒扣其他總分。例如，四次無故缺席者被扣總成績為28分 (=35%*60%*100+7分)，此時即使您的其他項目都得滿分，學期總成績亦只有72分 (=100分-28分)。請勿穿拖鞋上課。
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
16
本課程為金管系碩士班學生必修課目，適合已修習會計學、經濟學、統計學及微積分之學生修課。投資學的主題在探索資產的報酬與價格之決定，本課程將重心置於股票報酬與價格之決定因素與相關議題，並訓練修習的學生具備碩士等級的投資學相關基礎理論和實證方法與成果之知識。
授課形式
理論講述與討論-40.00%;個案分析或作品賞析-30.00%;專題實作與報告-30.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
課程內容包括以下幾個部分: (1) 系統性風險 (1-2週) (2) 非系統性風險 (3-6週) (3) 流動性風險 (7-9週) (4) 價值與成長型投資 (10-13週) (5) 短期價格記憶 (short-run price momentum) (14-16週) (6) 股價的預期因子 (predictability) (17週) (7) 資產評價之新發展 (18週)。詳細的章節將安排在課程內容中列示。
教科書/參考書
上課參考用書為 “Bodie, Zvi, Alex Kane, and Alan J. Marcus, 2007, Investment, The Mcgraw-Hill Companies Inc.” [新陸書局: 02-23512587] (1) 系統性風險 (1-2週) 黃一祥，2009，「系統性風險之估計及對橫斷面股票報酬之解釋能力- 投資組合重構頻率之影響」，《證券市場發展季刊》，第21卷第3期，107-142頁。 黃一祥，2009，「人力所得、條件資本資產評價模式、及橫斷面股票報酬」，《財務金融學刊》，第17卷第1期，41-74頁。 黃一祥、王元章、何加政、許嘉惠，2003，「台灣股市系統性風險之估計及橫斷面預期報酬之分析」，《財務金融學刊》，11(3)，1-33。 Fama, Eugene F., and Kenneth R. French, 1992, The cross-section of expected stock returns, Journal of Finance 47, 427-465. (2) 非系統性風險 (3-6週) 黃一祥、呂耿光、黃旭輝、張志向，2010，「公司特有風險與橫斷面股票預期報酬-台灣股市之實證」，《經濟論文》，第38卷第3期，503-542頁。 Ang, A. R.J. Hodrick, Y. Xing, and X. Zhang, 2006, The cross-section of volatility and expected returns, Journal of Finance, 61, 259-299. Ang, A. R.J. Hodrick, Y. Xing, and X. Zhang, 2009, High idiosyncratic volatility and low returns: International and further U.S. evidence, Journal of Financial Economics, 91, 1-23. Bali, T. G., N. Cakici, X. Yan, and Z. Zhang. 2005. Does idiosyncratic risk really matter? Journal of Finance 60, 905–29. Bali, T. G., and N. Cakici, 2008. Idiosyncratic volatility and the cross section of expected returns, Journal of Financial and Quantitative Analysis, 43, 29-58. Bodnaruk, A. and P. Ostberg, 2009, Does investor recognition predict returns? Journal of Financial Economics, 91, 208-226. Gaspar, Jose´-Miguel and Massimo Massa, 2006. Idiosyncratic Volatility and Product Market Competition, Journal of Business, 79, 3125-3152. Goyal, A., and P. Santa-Clara, 2003, Idiosyncratic Risk Matters! Journal of Finance 58, 975–1007. Wei, S. X., and C. Zhang. 2006. Why did individual stocks become more volatile? Journal of Business 79:259–292. Mashruwala, Christina, Shivaram Rajgopal and Terry Shevlin, 2006. Why is the accrual anomaly not arbitraged away? The role of idiosyncratic risk and transaction costs. Journal of Accounting and Economics, 42, 3-33. Xu, Yexiao, and Burton G. Malkiel, 2003. Investigating the behavior of idiosyncratic volatility, Journal of Business, 76, 613-644. (3) 流動性風險 (7-9週) Acharya, V.V., and L. H. Pedersen, 2005. Asset pricing with liquidity risk, Journal of Financial Economics, 77,375–410. Amihud, Y., 2002. Illiquidity and Stock Returns: Cross Section and Time Series Effects, Journal of Financial Markets, 5, 31-56. Barclay, M.J., and T. Hendershott, 2004. Liquidity externalities and adverse selection: evidence from trading after hours, Journal of Finance, 58, 681–710. Bekaert Geert, Harvey Campbell R. and Christian Lundblad, 2007, Liquidity and Expected Returns: Lessons from Emerging Markets, Review of Financial Studies, 20, 1-49. Chan, Wesley S., 2003, Stock price reaction to news and no-news: Drift and reversal after headlines, Journal of Financial Economics, 70, 223–260. Garfinkel, Jon A., and Jonathan Sokobin, 2006, Volume, Opinion Divergence, and Returns: A Study of Post–Earnings Announcement Drift, Journal of Accounting Research, 44,85-112. Gervais, Simon, Ron Kaniel, and Dan H. Mingelgrin, 2001, The High-Volume Return Premium, Journal of Finance, 56, 877–919. Korajczyk, R. A. , and R. Sadka, 2008, Pricing the commonality across alternative measures of liquidity, Journal of Financial Economics, 87, 45-72. Lesmond, D. A., 2005, Liquidity of Emerging Markets, Journal of Financial Economics, 77, 411-452. Pastor, L. and R.F. Stambaugh, 2003, Liquidity Risk and Expected Stock Returns, Journal of Political Economy, 111, 642-685. (4) 價值與成長型投資 (10-12週) Ali, A., Hwang, L., and M. Trombley, 2003, Arbitrage risk and the book-to-market anomaly, Journal of FinancialEconomics, 69, 355–373. Bansal, Ravi, and Amir Yaron, 2004, Risks for the long-run: A potential resolution of asset pricing puzzles, Journal of Finance, 59, 1481-1509. Desai, H., Rajgopal, S., and M. Venkatachalam, 2004, Value glamour and accrual mispricing, One anomaly or two? The Accounting Review 79, 355–385. Cohen, Randolph B., Christopher Polk, and Tuomo Vuolteenaho, 2003, The value spread, Journal of Finance, 58, 609-641. Conrad, Jennifer, Michael Cooper, and Gautam Kaul, 2003, Value versus Glamour, Journal of Finance, 58, 1969-1995. Fama, Eugene F., and Kenneth R. French, 2006, The value premium and the CAPM, Journal of Finance, 61, 55-84. Fama, Eugene F., and Kenneth R. French, 2008, Average returns, B/M, and share issues, Journal of Finance, 63, 2971-2995. Huang, I-Hsiang, 2011, “The cyclical behavior of the risk of value strategy: Evidence from Taiwan,” Pacific-Basin Finance Journal, 19, 404-419. Patkova, Ralitsa, and Lu Zhang, 2005, Is value riskier than growth? Journal of Financial Economics, 78, 187-202. Zhang, Lu, 2005, The value premium, Journal of Finance, 60, 67-103. Lettau, martin, and Jessica A. Wachter, 2007, Why is long-horizon equity less risky？A duration-based explanation of the value premium, Journal of Finance, 62, 55-92. Penman, Stephen H., Scott A. Richardson, and irem Tuna, 2007, The book-to-price effect in stock returns: Accounting for leverage, Journal of Accounting Research, 45, 427-467. (5) 短期價格動能 (price momentum) (13-15週) Badrinath, S., and S. Wahal, 2002, Momentum trading by institutions, Journal of Finance, 57(6), 2449–2478. Chordia, Tarun and Lakshmanan, Shivakumar, 2006, Earnings and price momentum, Journal of Financial Economics, 80, 627-656. Cooper, M., Gutierrez Jr., and R.C., A. Hameed, 2004, Market states and momentum, Journal of Finance, 59, 1345–1365. Griffin, J. M. X. Ji, and J. S. Martin, 2003, Momentum investing and business cycle risk: Evidence from pole to pole, Journal of Finance, 58, 2515-2547. Grinblatt, M., and T. J. Moskowitz, 2004, Predicting stock price movements from past return: The role of consistency and tax-loss selling, Journal of Financial Economics, 71(3), 541–579. Grinblatt, Mark, and Bin Han, 2005, Prospect theory, mental accounting, and momentum, Journal of Financial Economics, 78, 311–339. Heston, S.L., and R. Sadka, 2008, Seasonality in the cross-section of stock returns, Journal of Financial Economics, 87, 418-445. Hvidkjaer, Soeren , 2006, A Trade-Based Analysis of Momentum, The Review of Financial Studies, 19, 457-491. Jegadeesh, N., and S. Titman, 2001, Profitability of momentum strategies: an evaluation of alternative explanations, Journal of Finance, 56, 699–720. Korajczyk, R., Sadka, R., 2004, Are momentum profits robust to trading costs? Journal of Finance, 59,1039–1082. Lesmond, D., Schill, M., and C. Zhou, 2004, The illusory nature of momentum profits, Journal of Financial Economics, 71, 349–380. Sadka Ronnie, 2006, Momentum and post-earnings-announcement drift anomalies: The role of liquidity risk, Journal of Financial Economics, 80, 309-349. (6) 可預期股價 (predictability) (16週) Ang A., and G. Bekaert, 2007, Stock return predictability: Is it there ? Review of Financial Studies, 20,651-707. Bhojraj, S., and B. Swaminathan, 2004, Macromomentum: Returns Predictability in International Equity Indices, Journal of Business, 79(1), 429–451. Cohen, R., P. Gompers, and T. Vuolteenaho, 2003, Who underreacts to cash-flow news? Evidence from trading between Individuals and Institutions, Journal of Financial Economics, 66, 409–462. Goyal, A., and I. Welch, 2003, Predicting the equity premium with dividend ratios. Management Science, 49, 639-654. Hanna, J. Douglas, and Mark J. Ready, 2005, Profitable predictability in the cross section of stock returns, Journal of Financial Economics, 78, 463–505 Hecht, Peter. And Tuomo Vuolteenaho, 2006, Explaining Returns with Cash-Flow Proxies, The Review of Financial Studies, 19,159-194. Lettau, Martin., and Sydney C. Ludvigson, 2005, Expected returns and expected dividend growth. Journal of Financial Economics,76,583–626. Lewellen, J., 2003, Predicting returns with financial ratios, Journal of Financial Economics, 74, 209–235. Menzly, L., Santos, T., and P. Veronesi, 2004, Understanding predictability, Journal of Political Economy, 112 (1), 1–47. (7) Currency risk (17週) Brennan, Michael J., and Yihong Xia, 2006, International capital markets and foreign exchange risk, Review of Financial Studies, 19, 753-795. Carrieri, Francesca, Vihang Errunza, and Basma Majerbi, 2006, Does emerging market exchange risk affect global equity prices? Journal of Financial and Quantitative Analysis, 41, 511-540. Kolari, james W., Ted C. Moorman, and Sorin M. Sorescu, 2008, Foreign exchange risk and the cross-section of stock returns, Journal of International Money and Finance, 27,1074-1097. (8) New development in asset pricing (18週) Grout, P. A. and A. Zalewska, 2006, The impact of regulation on market risk, Journal of Financial Economics, 80, 149-184. Jagannathan, R. and Y. Wang, 2007, Lazy investors, discretionary consumption, and the cross-section of stock returns, Journal of Finance, 62, 1623-1661. Lemmon, M., and E. Portniaguina, 2006, Consumer confidence and asset prices: Some empirical evidence, Review of Financial Studies, 19, 1499-1529. Larrain, B., and M. Yogo, 2008, Does firm value move too much to be justified by subsequent changes in cash flow? Journal of Financial Economics,87, 200-226. Yogo, Motohiro, 2005, A consumption-based explanation of the cross section of expected stock returns, Journal of Finance, 60, 539-580. Santa-Clara, P., and R. Valkanov, 2003, Political cycles and the stock market, Journal of Finance, 58, 1841-1872.
評分標準
本課程之評分項目包括期中考、期末考以及平常查考等三部分，其佔學期總成績比重分別為20%、20%及60%，總成績最高為100分，70分及格。 平常查考成績分為兩部分: (1)上課參與情形 (2) 學生的文獻報告與評論，其分別各佔平常查考成績的35%和65%。上課參與情形項目包括出席上課、課堂的教學回應與參與情形，上課表現良好和不佳的情形，每次加(或減) 上課參與情形之成績5分(即總分1.05分=35%*60%*5分)，上課參與情形的基本分數以80分計算 (即總分16.8分=35%*60%*80分)。基本上，第一次、第二次、第三次無故缺席扣上課參與情形的30%、35%、35%。若有超過三次以上之無故缺席，其每超過一次 (即第四次以後) 的無故缺席則另外加扣總學期成績7分。第一次、第二次、第三次無故遲到早退扣上課參與情形的8%、12%、15%。若有超過四次之無故遲到早退者，其每超過一次則另外加扣總學期成績2分。上課未帶課本者每次扣總成績2分。 若上課參與情形項目的總分已被扣完，但仍有缺曠課或上課表現不好等情事，則倒扣其他項目分數。即平常查考雖已被扣至零分，仍有缺曠課者將另外倒扣其他總分。例如，四次無故缺席者被扣總成績為28分 (=35%*60%*100+7分)，此時即使您的其他項目都得滿分，學期總成績亦只有72分 (=100分-28分)。請勿穿拖鞋上課。
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
16
111-2_期貨與選擇權
教學目標
有關期貨與選擇權的議題日益重要，尤其在利率期貨與選擇權的商品，更為學習財務金融的學生所必需了解。本課程旨在訓練學生金融創新及風險控管的能力的核心能力，課程中首先將教授學生初級的期貨與選擇權理論與方法，更進一步的，將介紹一些常用的利率理論，並深入的討論期貨與選擇權的商品，以利其未來就業或升學。
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-0.00%;專題實作與報告-40.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
大抵跟隨著教科書的順序進行，但依同學學習狀況調整及補充教材。H表示John C. Hull的書，B表示Damiano Brigo的書 第一週 Ch 1 Introduction 第二週 Ch 2 Mechanics of Futures Markets 第三週 Ch 2 Mechanics of Futures Markets 第四週 Ch 3 Hedging Strategies Using Futures 第五週 Ch 3 Hedging Strategies Using Futures 第六週 Ch 5 The Determination of Forward and Futures Prices 第七週 Ch 5 The Determination of Forward and Futures Prices 第八週 Ch 5 The Determination of Forward and Futures Prices 第九週 期中考 第十週 Ch 10 Mechanics of Options Markets 第十一週 Ch 10 Mechanics of Options Markets 第十二週 Ch 11 Properities of Stock Options 第十三週 Ch 12 Trading Strategies Involoving Options 第十四週 Ch 13 Introduction to Binomial Trees 第十五週 Ch 15 The Black-Scholes-Merton Model 第十六週 Ch 19 The Greek Letters 第十七週 自編教材 No-Arbitrage Pricing and Numeraire Change 第十八週 期末考 其他：報告內容及型式於課堂宣佈。
教科書/參考書
教科書及參考書籍： 1. Options, Futures, and other derivatives, 9th edition, John C. Hull 2. 自編教材
評分標準
期中考：25% 課堂報告：25% 期末考：25% 書面報告：25% 每次缺課扣總分5分,學生請假規定如下 1.事假需事先核可 2.臨時性狀況(如病假,生理假或不可抗力事件等),需於開始點名前告知(如:mail,請同學轉告,打給系辦等),事前告知後無需再上網請假 3.未事前告知之缺課,點完名後再補請,除了附證明之病假外,皆不核可
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
17
有關期貨與選擇權的議題日益重要，尤其在利率期貨與選擇權的商品，更為學習財務金融的學生所必需了解。本課程旨在訓練學生金融創新及風險控管的能力的核心能力，課程中首先將教授學生初級的期貨與選擇權理論與方法，更進一步的，將介紹一些常用的利率理論，並深入的討論期貨與選擇權的商品，以利其未來就業或升學。
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-0.00%;專題實作與報告-40.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
大抵跟隨著教科書的順序進行，但依同學學習狀況調整及補充教材。H表示John C. Hull的書，B表示Damiano Brigo的書 第一週 Ch 1 Introduction 第二週 Ch 2 Mechanics of Futures Markets 第三週 Ch 2 Mechanics of Futures Markets 第四週 Ch 3 Hedging Strategies Using Futures 第五週 Ch 3 Hedging Strategies Using Futures 第六週 Ch 5 The Determination of Forward and Futures Prices 第七週 Ch 5 The Determination of Forward and Futures Prices 第八週 Ch 5 The Determination of Forward and Futures Prices 第九週 期中考 第十週 Ch 10 Mechanics of Options Markets 第十一週 Ch 10 Mechanics of Options Markets 第十二週 Ch 11 Properities of Stock Options 第十三週 Ch 12 Trading Strategies Involoving Options 第十四週 Ch 13 Introduction to Binomial Trees 第十五週 Ch 15 The Black-Scholes-Merton Model 第十六週 Ch 19 The Greek Letters 第十七週 自編教材 No-Arbitrage Pricing and Numeraire Change 第十八週 期末考 其他：報告內容及型式於課堂宣佈。
教科書/參考書
教科書及參考書籍： 1. Options, Futures, and other derivatives, 9th edition, John C. Hull 2. 自編教材
評分標準
期中考：25% 課堂報告：25% 期末考：25% 書面報告：25% 每次缺課扣總分5分,學生請假規定如下 1.事假需事先核可 2.臨時性狀況(如病假,生理假或不可抗力事件等),需於開始點名前告知(如:mail,請同學轉告,打給系辦等),事前告知後無需再上網請假 3.未事前告知之缺課,點完名後再補請,除了附證明之病假外,皆不核可
學分數
3
授課時數(周)
3
開課班級
M11132
修課人數
17
111-2_財務專題研討(四)
教學目標
本課程的主要目的在於讓學生對於財務相關理論有更深入的了解，並透過實務專業的講演讓同學對實務的運作有進一步的了解。
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-0.00%;專題實作與報告-40.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
本學期擬安排數場專題演講以及碩士班論文發表。
教科書/參考書
演講者提供的論文與實務資料。
評分標準
出席與課堂參與狀況30%，課後心得撰寫70%。
學分數
2
授課時數(周)
2
開課班級
M11032
修課人數
14
本課程的主要目的在於讓學生對於財務相關理論有更深入的了解，並透過實務專業的講演讓同學對實務的運作有進一步的了解。
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-0.00%;專題實作與報告-40.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
本學期擬安排數場專題演講以及碩士班論文發表。
教科書/參考書
演講者提供的論文與實務資料。
評分標準
出席與課堂參與狀況30%，課後心得撰寫70%。
學分數
2
授課時數(周)
2
開課班級
M11032
修課人數
14
111-2_財務專題研討(二)
教學目標
本課程邀請學術界與實務界在財金相關領域之專家演講，對於將來想投入學術界的研究生可以藉由實務方面思考所學理論之優缺點，而對於未來計畫步入業界同學，可了解理論在實務界之應用。
授課形式
理論講述與討論-50.00%;個案分析或作品賞析-50.00%;專題實作與報告-0.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
依所邀請演講者決定演講主題內容及時間。
教科書/參考書
無參考書或教科書
評分標準
1. 演講心得報告數篇 2. 演講討論參與度 3. 出席率與遲到早退狀況
學分數
2
授課時數(周)
2
開課班級
M11132
修課人數
16
本課程邀請學術界與實務界在財金相關領域之專家演講，對於將來想投入學術界的研究生可以藉由實務方面思考所學理論之優缺點，而對於未來計畫步入業界同學，可了解理論在實務界之應用。
授課形式
理論講述與討論-50.00%;個案分析或作品賞析-50.00%;專題實作與報告-0.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
依所邀請演講者決定演講主題內容及時間。
教科書/參考書
無參考書或教科書
評分標準
1. 演講心得報告數篇 2. 演講討論參與度 3. 出席率與遲到早退狀況
學分數
2
授課時數(周)
2
開課班級
M11132
修課人數
16
111-2_保險學
教學目標
-------------------------------------------------------------------------------------- 線上授課, 線上測驗(報告) 視訊平台: Microsoft Teams URL: https://teams.microsoft.com/l/team/19%3arpUmqtvM3DX8yH0NY1TTzwFwp7S50i4Tt3tqyn6F2Ck1%40thread.tacv2/conversations?groupId=3c592d96-bf2d-455c-9719-8021b84de1a9&tenantId=5a484953-77ef-42ec-90cf-2f4e1037ffc7 -------------------------------------------------------------------------------------- This course focuses primarily on the consumers of insurance, and blends basic risk management and insurance principles with consumer consideration. An overview of the insurance industry is given first, before discussing specific insurance plans.
授課形式
理論講述與討論-70.00%;個案分析或作品賞析-10.00%;專題實作與報告-20.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
Class Topic Reading Assignment 1. Course introduction Not applicable 2. Types of insurers Chapter 5 3. Insurance company operations Chapter 6 4. Financial operations of insurers Chapter 7 5. Government regulation of insurance Chapter 8 6. Fundamental legal principles Chapter 9 7. Analysis of insurance contracts Chapter 10 8. Life insurance Chapter 11 9. Midterm exam Not applicable 10. Life insurance contractual provisions Chapter 12 11. Buying life insurance Chapter 13 12. Annuities and IRA Chapter 14 13. Health insurance Chapter 15 14. Social insurance Chapter 18 15. The liability risk Chapter 19 16. Auto insurance Chapter 22 17. Auto insurance and society Chapter 23 18. Final exam Not applicable
教科書/參考書
1.) George Rejda, “Principles of Risk Management and Insurance”, 2011, Prentice Hall; 2.) The Wall Street Journal; 3.) Handouts and case studies, as directed.
評分標準
Major factors entering into grade determination will consist of: 1.) Class attendance and contribution to class discussion (10%); 2.) Participation in, and communication with respect to group/individual project (20%); 3.) The following testing parameters: midterm examination (20%); comprehensive final examination (40%); 4.) Quizzes and homework assignments (10%).
學分數
3
授課時數(周)
3
開課班級
A11032
修課人數
40
-------------------------------------------------------------------------------------- 線上授課, 線上測驗(報告) 視訊平台: Microsoft Teams URL: https://teams.microsoft.com/l/team/19%3arpUmqtvM3DX8yH0NY1TTzwFwp7S50i4Tt3tqyn6F2Ck1%40thread.tacv2/conversations?groupId=3c592d96-bf2d-455c-9719-8021b84de1a9&tenantId=5a484953-77ef-42ec-90cf-2f4e1037ffc7 -------------------------------------------------------------------------------------- This course focuses primarily on the consumers of insurance, and blends basic risk management and insurance principles with consumer consideration. An overview of the insurance industry is given first, before discussing specific insurance plans.
授課形式
理論講述與討論-70.00%;個案分析或作品賞析-10.00%;專題實作與報告-20.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
Class Topic Reading Assignment 1. Course introduction Not applicable 2. Types of insurers Chapter 5 3. Insurance company operations Chapter 6 4. Financial operations of insurers Chapter 7 5. Government regulation of insurance Chapter 8 6. Fundamental legal principles Chapter 9 7. Analysis of insurance contracts Chapter 10 8. Life insurance Chapter 11 9. Midterm exam Not applicable 10. Life insurance contractual provisions Chapter 12 11. Buying life insurance Chapter 13 12. Annuities and IRA Chapter 14 13. Health insurance Chapter 15 14. Social insurance Chapter 18 15. The liability risk Chapter 19 16. Auto insurance Chapter 22 17. Auto insurance and society Chapter 23 18. Final exam Not applicable
教科書/參考書
1.) George Rejda, “Principles of Risk Management and Insurance”, 2011, Prentice Hall; 2.) The Wall Street Journal; 3.) Handouts and case studies, as directed.
評分標準
Major factors entering into grade determination will consist of: 1.) Class attendance and contribution to class discussion (10%); 2.) Participation in, and communication with respect to group/individual project (20%); 3.) The following testing parameters: midterm examination (20%); comprehensive final examination (40%); 4.) Quizzes and homework assignments (10%).
學分數
3
授課時數(周)
3
開課班級
A11032
修課人數
40
111-2_基金投資與管理
教學目標
本課程的主要目標在於讓學生了解投資組合的概念，以及投資組合的管理流程，同時也說明基金公司如何管理其基金，包括股票投資組合的管理與債券投資組合的管理，最後則讓同學了解如何評估基金投資績效的好壞。 課程的設計除了專業證券投資的講授之外也包括學生投資組合管理的競賽以及分析師研究報告的撰寫。首先，老師的課堂講授在於培養學生職場上所需的專業能力以及全球證券市場的了解。其次，投資組合競賽，則讓學生必須每週藉由網路以及財經資料庫了解最新的市場動態以調整其投資組合，這樣的訓練有助於學生提升其資訊運用的能力、拓展國際的金融視野以及以科學方法解決問題的能力。期末的分析師報告則有助於培養學生整合理論與實務進而達成創新學習的能力。
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-0.00%;專題實作與報告-40.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
課程內容與進度 1- 3週 Introduction Active Bond Management Passive Bond Management 4-6週 History of Interest Rate Macroeconomic and Industry Analysis Optimal risky portfolios 7-9週 Measuring Investment Return Portfolio Performance Evaluation Mid-term exam 10-12週 International Diversification Arbitrage Pricing Theory Multifactor Model 13-15週 Behavioral Finance 16-18週 期末選股報告 Final exam
教科書/參考書
Investments, McGRAW-HiLL, by Bodie、Kane、Marcus 勝券在握 彼特林區選股戰略
評分標準
評分標準 1. 期中考 20﹪ 2. 期末考 20﹪ 3. 期中報告與基金投資管理競賽 60﹪
學分數
3
授課時數(周)
3
開課班級
A10932
修課人數
20
本課程的主要目標在於讓學生了解投資組合的概念，以及投資組合的管理流程，同時也說明基金公司如何管理其基金，包括股票投資組合的管理與債券投資組合的管理，最後則讓同學了解如何評估基金投資績效的好壞。 課程的設計除了專業證券投資的講授之外也包括學生投資組合管理的競賽以及分析師研究報告的撰寫。首先，老師的課堂講授在於培養學生職場上所需的專業能力以及全球證券市場的了解。其次，投資組合競賽，則讓學生必須每週藉由網路以及財經資料庫了解最新的市場動態以調整其投資組合，這樣的訓練有助於學生提升其資訊運用的能力、拓展國際的金融視野以及以科學方法解決問題的能力。期末的分析師報告則有助於培養學生整合理論與實務進而達成創新學習的能力。
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-0.00%;專題實作與報告-40.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
課程內容與進度 1- 3週 Introduction Active Bond Management Passive Bond Management 4-6週 History of Interest Rate Macroeconomic and Industry Analysis Optimal risky portfolios 7-9週 Measuring Investment Return Portfolio Performance Evaluation Mid-term exam 10-12週 International Diversification Arbitrage Pricing Theory Multifactor Model 13-15週 Behavioral Finance 16-18週 期末選股報告 Final exam
教科書/參考書
Investments, McGRAW-HiLL, by Bodie、Kane、Marcus 勝券在握 彼特林區選股戰略
評分標準
評分標準 1. 期中考 20﹪ 2. 期末考 20﹪ 3. 期中報告與基金投資管理競賽 60﹪
學分數
3
授課時數(周)
3
開課班級
A10932
修課人數
20
111-2_投資組合管理
教學目標
本課程旨在加強同學對於各項投資專題的獨立分析與研究能力（如投資人心理分析與市場反應、企業與個人投資理財、新金融商品投資等），藉由各項投資管理專題的研究與分析，培養同學的獨立作業能力，強化同學的財金專業知識。 本課程希望培養學生具備「職場需求為導向的專業能力」、「創新思維與主動學習的能力」及「以科學方法解決問題的能力」，並期望達成「人文素養與專業學理兼備」及「具備當代思維與國際視野」的教學目標。此外，本課程亦有助同學報考證券營業員、理財規劃人員與財務分析師。
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-20.00%;專題實作與報告-20.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1.第1週: The process of portfolio management 2.第2週: 理財規劃基本概念 3.第3週: 投資目標設定 4.第4週: 經濟觀念的概論與應用 5.第5週: Why diversification is a good idea 6.第6週: International investment and diversification 7.第7週: 資產配置 8.第8週: 金融科技之應用 9.第9週: 金融科技之應用 10.第10週: 共同基金與投資組合績效評估 11.第11週: 投資組合調整 12.第12週: Revision of the equity portfolio 13.第13週: 投資分析方法 14.第14週: 投資組合管理實務:技術分析 15.第15週: 投資組合管理實務:金融心理學 16.第16週: Revision of the fixed-income portfolio 17.第17週: 退休金規劃及管理 18.第18週: 期末報告
教科書/參考書
教科書: 鄭義, 財富管理理論與實務(投資組合), 新陸書局. 參考書: Robert A. Strong, Portfolio Construction, Management, & Protection. Robert A. Strong, Practical Investment Management. P. L. Berstein and A. Damodaran, Investment Management. Donald E. Fischer and Ronald J. Jordan, Security Analysis and Portfolio Management.
評分標準
平常成績30%, 學期報告70%.
學分數
3
授課時數(周)
3
開課班級
A10932
修課人數
56
本課程旨在加強同學對於各項投資專題的獨立分析與研究能力（如投資人心理分析與市場反應、企業與個人投資理財、新金融商品投資等），藉由各項投資管理專題的研究與分析，培養同學的獨立作業能力，強化同學的財金專業知識。 本課程希望培養學生具備「職場需求為導向的專業能力」、「創新思維與主動學習的能力」及「以科學方法解決問題的能力」，並期望達成「人文素養與專業學理兼備」及「具備當代思維與國際視野」的教學目標。此外，本課程亦有助同學報考證券營業員、理財規劃人員與財務分析師。
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-20.00%;專題實作與報告-20.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1.第1週: The process of portfolio management 2.第2週: 理財規劃基本概念 3.第3週: 投資目標設定 4.第4週: 經濟觀念的概論與應用 5.第5週: Why diversification is a good idea 6.第6週: International investment and diversification 7.第7週: 資產配置 8.第8週: 金融科技之應用 9.第9週: 金融科技之應用 10.第10週: 共同基金與投資組合績效評估 11.第11週: 投資組合調整 12.第12週: Revision of the equity portfolio 13.第13週: 投資分析方法 14.第14週: 投資組合管理實務:技術分析 15.第15週: 投資組合管理實務:金融心理學 16.第16週: Revision of the fixed-income portfolio 17.第17週: 退休金規劃及管理 18.第18週: 期末報告
教科書/參考書
教科書: 鄭義, 財富管理理論與實務(投資組合), 新陸書局. 參考書: Robert A. Strong, Portfolio Construction, Management, & Protection. Robert A. Strong, Practical Investment Management. P. L. Berstein and A. Damodaran, Investment Management. Donald E. Fischer and Ronald J. Jordan, Security Analysis and Portfolio Management.
評分標準
平常成績30%, 學期報告70%.
學分數
3
授課時數(周)
3
開課班級
A10932
修課人數
56
111-2_國際財務管理
教學目標
COURSE DESCRIPTION An examination of the international financial management environment with an emphasis on exchange rate behavior, risk management, and asset management from a global perspective. COURSE OBJECTIVES 1. To study the international financial environment including the international flow of funds, international financial markets, and exchange rate determination. 2. To understand exchange rate behavior including government influence, interest rate parity and arbitrage. 3. To apply risk management techniques as they relate to managing transaction exposure. 4. To develop specific financial skills relating to long-term asset and liability management from a multinational corporation perspective.
授課形式
理論講述與討論-70.00%;個案分析或作品賞析-20.00%;專題實作與報告-10.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
A. 外匯市場與匯率風險管理 1. 外匯市場與匯率 2. 匯率的決定與預測 3. 匯率衍生性金融商品 4. 交易風險管理 5. 經濟風險管理 6. 換算風險管理 B. 國際投資決策 1. 海外直接投資與併購策略 2. 國際資本預算 3. 國家風險分析與跨國租稅規劃 C. 國際融資決策 1. 國際金融市場 2. 國際資金成本與資本結構 3. 跨國企業籌資管道
教科書/參考書
1. 國際財務管理 (14版) Madura/International Financial Management 14e 作者： Jeff Madura ISBN-13: 978-981-49-1500-7 2. 課程講義 3. Case study (need extra payment)
評分標準
Attendance: 10% Mid-term: 35% Final exam: 40% Case discussion: 15% Attention: Exams/Quizzes: You will NOT be allowed any extra credit projects, etc. to compensate for a poor average. Everyone must be given the same opportunity to do well in this class. Individual exams WILL NOT be supplied; however, I may use attendance and class participation to make adjustments at the end of the semester.
學分數
3
授課時數(周)
3
開課班級
A10932
修課人數
59
COURSE DESCRIPTION An examination of the international financial management environment with an emphasis on exchange rate behavior, risk management, and asset management from a global perspective. COURSE OBJECTIVES 1. To study the international financial environment including the international flow of funds, international financial markets, and exchange rate determination. 2. To understand exchange rate behavior including government influence, interest rate parity and arbitrage. 3. To apply risk management techniques as they relate to managing transaction exposure. 4. To develop specific financial skills relating to long-term asset and liability management from a multinational corporation perspective.
授課形式
理論講述與討論-70.00%;個案分析或作品賞析-20.00%;專題實作與報告-10.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
A. 外匯市場與匯率風險管理 1. 外匯市場與匯率 2. 匯率的決定與預測 3. 匯率衍生性金融商品 4. 交易風險管理 5. 經濟風險管理 6. 換算風險管理 B. 國際投資決策 1. 海外直接投資與併購策略 2. 國際資本預算 3. 國家風險分析與跨國租稅規劃 C. 國際融資決策 1. 國際金融市場 2. 國際資金成本與資本結構 3. 跨國企業籌資管道
教科書/參考書
1. 國際財務管理 (14版) Madura/International Financial Management 14e 作者： Jeff Madura ISBN-13: 978-981-49-1500-7 2. 課程講義 3. Case study (need extra payment)
評分標準
Attendance: 10% Mid-term: 35% Final exam: 40% Case discussion: 15% Attention: Exams/Quizzes: You will NOT be allowed any extra credit projects, etc. to compensate for a poor average. Everyone must be given the same opportunity to do well in this class. Individual exams WILL NOT be supplied; however, I may use attendance and class participation to make adjustments at the end of the semester.
學分數
3
授課時數(周)
3
開課班級
A10932
修課人數
59
111-2_投資與財務規劃
教學目標
-------------------------------------------------------------------------------------- 線上授課, 線上測驗(報告) 視訊平台: Microsoft Teams URL: https://teams.microsoft.com/l/team/19%3arpUmqtvM3DX8yH0NY1TTzwFwp7S50i4Tt3tqyn6F2Ck1%40thread.tacv2/conversations?groupId=3c592d96-bf2d-455c-9719-8021b84de1a9&tenantId=5a484953-77ef-42ec-90cf-2f4e1037ffc7 -------------------------------------------------------------------------------------- The development of a working knowledge of basic tools that will guide the student in the acquisition of sound financial planning discipline using MS-EXCEL, including: 1.) A working knowledge of the impact of compounding on investment returns, as well as other applications where time value of money principles play a key role; 2.) An analysis of various investment alternatives and vehicles, and risks typically associated therewith; 3.) An analysis of mechanisms useful for the protection of wealth through the use of insurance and other risk management and risk transfer techniques; 4.) The obtaining of a comfort level with information presented in financial periodicals, especially as relates to current events taking place during the semester; 5.) The professional presentation of the results of financial planning research and recommendations regarding alternatives.
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-10.00%;專題實作與報告-30.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1.) Course introduction 2.) Financial planning (Chapter 1) 3.) Financial planning (Chapter 1, cont'd) 4.) The time value of money (Chapter 2) 5.) The time value of money (Chapter 2, cont'd) 6.) Financial statements and budgets (Chapter 3) 7.) Financial statements and budgets (Chapter 3, cont'd) 8.) Taxes (Chapter 4) 9.) Midterm exam 10.) Financial markets and institutions (Chapter 9) 11.) Investment basics (Chapter 10) 12.) Investment basics (Chapter 10, cont'd) 13.) Stocks and bonds (Chapter 11) 14.) Stocks and bonds (Chapter 11, cont'd) 15.) Mutual funds and other pooling arrangements (Chapter 12) 16.) Case presentations 17.) Case presentations (cont'd) 18.) Final exam
教科書/參考書
1.) "Personal Finance: An Integrated Planning Approach" (8th edition), by Ralph R. Frasca. Prentice Hall/Pearson, 2009; 2.) The Wall Street Journal; 3.) Articles @ NBER/CEPR/SSRN/IDEAS; 4.) Handouts and case studies,as directed.
評分標準
Major factors entering into grade determination will consist of: 1.) Class attendance and contribution to class discussion (10%); 2.) Participation in, and communication with respect to group MS-EXCEL project (30%); 3.) The following testing parameters: midterm exam (20%), and comprehensive final exam (40%); * NO extra credit allowed.
學分數
3
授課時數(周)
3
開課班級
A10972
修課人數
38
-------------------------------------------------------------------------------------- 線上授課, 線上測驗(報告) 視訊平台: Microsoft Teams URL: https://teams.microsoft.com/l/team/19%3arpUmqtvM3DX8yH0NY1TTzwFwp7S50i4Tt3tqyn6F2Ck1%40thread.tacv2/conversations?groupId=3c592d96-bf2d-455c-9719-8021b84de1a9&tenantId=5a484953-77ef-42ec-90cf-2f4e1037ffc7 -------------------------------------------------------------------------------------- The development of a working knowledge of basic tools that will guide the student in the acquisition of sound financial planning discipline using MS-EXCEL, including: 1.) A working knowledge of the impact of compounding on investment returns, as well as other applications where time value of money principles play a key role; 2.) An analysis of various investment alternatives and vehicles, and risks typically associated therewith; 3.) An analysis of mechanisms useful for the protection of wealth through the use of insurance and other risk management and risk transfer techniques; 4.) The obtaining of a comfort level with information presented in financial periodicals, especially as relates to current events taking place during the semester; 5.) The professional presentation of the results of financial planning research and recommendations regarding alternatives.
授課形式
理論講述與討論-60.00%;個案分析或作品賞析-10.00%;專題實作與報告-30.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
1.) Course introduction 2.) Financial planning (Chapter 1) 3.) Financial planning (Chapter 1, cont'd) 4.) The time value of money (Chapter 2) 5.) The time value of money (Chapter 2, cont'd) 6.) Financial statements and budgets (Chapter 3) 7.) Financial statements and budgets (Chapter 3, cont'd) 8.) Taxes (Chapter 4) 9.) Midterm exam 10.) Financial markets and institutions (Chapter 9) 11.) Investment basics (Chapter 10) 12.) Investment basics (Chapter 10, cont'd) 13.) Stocks and bonds (Chapter 11) 14.) Stocks and bonds (Chapter 11, cont'd) 15.) Mutual funds and other pooling arrangements (Chapter 12) 16.) Case presentations 17.) Case presentations (cont'd) 18.) Final exam
教科書/參考書
1.) "Personal Finance: An Integrated Planning Approach" (8th edition), by Ralph R. Frasca. Prentice Hall/Pearson, 2009; 2.) The Wall Street Journal; 3.) Articles @ NBER/CEPR/SSRN/IDEAS; 4.) Handouts and case studies,as directed.
評分標準
Major factors entering into grade determination will consist of: 1.) Class attendance and contribution to class discussion (10%); 2.) Participation in, and communication with respect to group MS-EXCEL project (30%); 3.) The following testing parameters: midterm exam (20%), and comprehensive final exam (40%); * NO extra credit allowed.
學分數
3
授課時數(周)
3
開課班級
A10972
修課人數
38
111-2_個體經濟學(二)
教學目標
Microeconomics at the second semester introduces producer theory and game theory. As you work through this course, you will learn microeconomics theory in a systematic way. Working problems is very important when you learn economics. Therefore, you have homework every week and a 50-minutes quiz on 3/6, 3/27, 5/1, and 5/29. The questions in the quizzes are randomly selected from homework.
授課形式
理論講述與討論-80.00%;個案分析或作品賞析-10.00%;專題實作與報告-10.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
Date Topics 2/13 Ch. 12 Uncertainty 2/20 Ch. 14 Consumer Surplus 2/27 Holiday 3/6 Ch. 15 Market Demand (Quiz 1) 3/13 Ch. 16 Equilibrium 3/20 Ch. 18 Technology 3/27 Ch. 19 Profit Maximization (Quiz 2) 4/3 Holiday 4/10 Midterm Exam 4/17 Ch. 20 Cost Minimization 4/24 Ch. 21 Cost Curve 5/1 Ch. 22 Firm Supply (Quiz 3) 5/8 Ch. 23 Industry Supply 5/15 Ch. 24 Monopoly 5/22 Ch. 27 Oligopoly 5/29 Ch. 28 Game Theory (Quiz 4) 6/5 Final Exam 6/12 Review
教科書/參考書
Textbook Intermediate Microeconomics 9th edition, by Hal R. Varian. (required) Reference 個體經濟理論與應用 (下冊), 2000, 張守鈞 (全英) (strongly recommend) 個體經濟學：理論與應用, 2013,陳正倉、林惠玲 (雙葉)(recommend) Lecture notes, homework, homework solutions, and related reference are available on Moodle 4.0.
評分標準
Grading Quiz: 30%, Midterm Exam: 35%, Final Exam: 35%. There are 4 quizzes in this semester. The students are not allowed to make up the missed quiz, midterm and final exams. 注意: 1. 病假、事假與公假均需在請假課程當天上傳請假證明至請假系統，生理假也需在請假當天至請假系統申請。 2. 在任何考試當中，有發生作弊情形，本科學期總成績予以零分計算。 3. 每位同學的成績均依照上述比例計算，學期總成績不予以做個別調整。 4. 依據學校規定，因COVID-19須隔離而無法參加實體考試，得以補考或線上考試，考試分數以實得分數計算，但此標準不適用於其他因不可抗力因素而缺席考試之情形。
學分數
3
授課時數(周)
3
開課班級
A11032
修課人數
12
Microeconomics at the second semester introduces producer theory and game theory. As you work through this course, you will learn microeconomics theory in a systematic way. Working problems is very important when you learn economics. Therefore, you have homework every week and a 50-minutes quiz on 3/6, 3/27, 5/1, and 5/29. The questions in the quizzes are randomly selected from homework.
授課形式
理論講述與討論-80.00%;個案分析或作品賞析-10.00%;專題實作與報告-10.00%;田野調查-0.00%;實驗-0.00%;其他-0.00%
課程內容與進度
Date Topics 2/13 Ch. 12 Uncertainty 2/20 Ch. 14 Consumer Surplus 2/27 Holiday 3/6 Ch. 15 Market Demand (Quiz 1) 3/13 Ch. 16 Equilibrium 3/20 Ch. 18 Technology 3/27 Ch. 19 Profit Maximization (Quiz 2) 4/3 Holiday 4/10 Midterm Exam 4/17 Ch. 20 Cost Minimization 4/24 Ch. 21 Cost Curve 5/1 Ch. 22 Firm Supply (Quiz 3) 5/8 Ch. 23 Industry Supply 5/15 Ch. 24 Monopoly 5/22 Ch. 27 Oligopoly 5/29 Ch. 28 Game Theory (Quiz 4) 6/5 Final Exam 6/12 Review
教科書/參考書
Textbook Intermediate Microeconomics 9th edition, by Hal R. Varian. (required) Reference 個體經濟理論與應用 (下冊), 2000, 張守鈞 (全英) (strongly recommend) 個體經濟學：理論與應用, 2013,陳正倉、林惠玲 (雙葉)(recommend) Lecture notes, homework, homework solutions, and related reference are available on Moodle 4.0.
評分標準
Grading Quiz: 30%, Midterm Exam: 35%, Final Exam: 35%. There are 4 quizzes in this semester. The students are not allowed to make up the missed quiz, midterm and final exams. 注意: 1. 病假、事假與公假均需在請假課程當天上傳請假證明至請假系統，生理假也需在請假當天至請假系統申請。 2. 在任何考試當中，有發生作弊情形，本科學期總成績予以零分計算。 3. 每位同學的成績均依照上述比例計算，學期總成績不予以做個別調整。 4. 依據學校規定，因COVID-19須隔離而無法參加實體考試，得以補考或線上考試，考試分數以實得分數計算，但此標準不適用於其他因不可抗力因素而缺席考試之情形。
學分數
3
授課時數(周)
3
開課班級
A11032
修課人數
12