UNIVERSITY OF NORTHERN BRITISH COLUMBIA

BUSINESS PROGRAM

COMM 421

Portfolio Theory and Management

(Investment II)

Winter 2018

Professor: Jing Chen                                       Telephone:              960-6480

Office:               10-4534, T&L                                 Class Time:            TR 2:30- 3:50

Office Hours:     R 1:30-2:20                                Class Location:       10-4520

                         (or by appoint.)                                Email:                 chenj@unbc.ca

Web site            http://web.unbc.ca/~chenj/course/syllabus421.htm

COURSE OBJECTIVES

Fundamentals of investment theory

PREREQUISITES: COMM 320, COMM 321.

REQUIRED TEXTBOOKS

Investments, eighth canadian edition, Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter Ryan, McGraw-Hill Ryerson. 2015

Additional handouts will be distributed in classes

COURSE EVALUATION

Mid-terms                                          25%

Final Exam                                         40%

Project                                                25%

Class Participation                              10%

            Total                                                100%

Each group of three will present a forty minute long report on an investment topic of your choice at the end of the term. A written report should be submitted.

The examinations will cover all contents discussed in the course, including contents from student presentations. The style of the questions in the exams will be similar to those in the homework and the review.

Class participation will be mainly based upon the number of times you come up to present your homework solutions. Attendance will not be taken until the group presentation time at the end of the term.

Tentative course outline:

Week	Dates	Topic	Chapters
1	Jan 4	Review and Preview	Homework
2	Jan 9, 11	Review and Preview
3	Jan 16, 18	Options and other Derivatives Market	18
4	Jan 23, 25	Option Valuations	19 Option calculation Excel sheet, Probability Distribution Table,
5	Jan 30,Feb 1	Option theory applied to understand asset valuation	Homework solutions
6	Feb 6, 8	Futures, Forwards and Swap Markets	20
7	Feb 20, 22	Review and Midterm
8	Feb 27, Mar 1	Equity Evaluation Models	16
9	Mar 6, 8	Equity Evaluation Models	16
10	Mar 13, 15	Theory of investment	Homework Solution
		Theory of information	Homework Solution
11	Mar 20	Theory of learning	Homework Solution
		Theory of judgment	Homework Solution
	Mar 22	Project presentation
12	Mar 27, 29	Project presentation
13	Apr 3, 5	Review
		Final exam

Please note that the above course outline is tentative. Although the major topic areas will be covered, the detail and extent of coverage will depend on student interest and the pace at which the class progresses.