• Foundations of Finance
    • Antai College of Economics & Management
    • Credit. 3
    • FI420
    • Enroll
    • CURRENT
    • Spring , 2015
    • 1123
    • Course Description:
    • ( Exchange Programme )
    • This course is designed for the general business student, not just the finance major. Since this is a fundamental course of finance, we will mainly talk about some basic concepts and tools as to how to make financial decision. We will begin with a general overview and then go into more detail on several concepts, financial instruments, and techniques used in financial decision making.
      The chief objectives of the course are:
      1. To help you develop a financial way of thinking;
      2. To introduce you to basic financial concepts such as the time value of money, financial ratio analysis, and risk and return;
      3. To introduce you to the world of business finance. Anyone involved with the management of a business needs to have at least some minimal knowledge of business finance.

      Generally, this course will be structured specially for financialconcept learning, finanical problem solving and academic composition. Specifically, after one semester study, students are able to
      1. explain five principles of finance and develop financial way of thinking;
      2. calculate time value of money such as present value, future value, annual payment and periods by using excel;
      3. know the relationship between risk and return
      4. use the DCF approach to valuate stocks and bonds;
      5. apply financial ratios to analyze a firm’s financial healthy situations;
      6. know the role of financial leverage and the concept of the cost of capital;
      7. differenciate the three concepts, which are: required rate of return, discount rate and cost of capital;
      8. do preliminary analysis and research on real-life financial issue.
    • Course Syllabus:
    • Week Textbook Contents Key words Activitiy
      1 Lecture1 Introduction of Finance (ch.1) Role of finance Role Discuss
      2 Lecture2 Financial System (ch.2) Role of financial institutions Wall street Video afterclass
      3 Lecture2 Financial System (Cont’) (ch.2) Role of financial institutions The power of corporation Video afterclass
      4 Lecture3 Evaluating Financial Healthy (ch.3) Role of World language Case study
      5 Lecture4 Time Value of Money (ch.4) Risk and return tradeoff Case study
      6 Lecture5 Household Saving and Investment Decisions (ch.5) Role of finance in individual’s life Problem Discuss
      7 Lecture6 Firm Investment Decision (ch.6) Cash flow, the role of finance in firms’ investment Problem Discuss
      8 Midterm Exam
      9 Lecture7 Principles of Market Valuation (ch.7) Arbitrage, the law of one price
      10 Lectue8 Valuation of Bond and Stock (ch.8/9) Role of finance in investment Class calculation
      11 Lecture9 Principles of Risk Management (ch.10) Risk control
      12 Lecture10 Hedging, Insuring, and Diversifying (ch.11) Risk control Case study
      13 Lecture11 Portfolio Opportunities and Choice (ch.12) Risk control
      14 Lecture12 Capital Market Equilibrium (ch.13) Capital assets pricing Theory Discuss
      15 Lecture13 Forward and Futures Markets (ch.14) Price discovery Event discuss
      16 Review
    • Schedule:
    • Topics / Credit hours / Teaching methodology / Tasks / Intended learning outcomes / Assessment methods

      1. Introduction / 3 / lecture / Reading: ch.1 of book 1 &2 / Know why study finance / quiz
      2. Financial system / 9 / Lecture & discussion / Reading:Ch.2 of book 1 / Know financial system / quiz
      3. Financial statements / 6 / Lecture & case study / Reading:Ch.3 of book2,ch.3/4 of book1 / Can read financial information / quiz
      4. Time value of money / 6 / Lecture and discussion / Reading:Ch.5
  • Reading list
  • Other Materials
  • Discussion
  • Homework download/submit
    • Tang Zongming
    • Associate Professor
    • Read more
    • Female
    • E-mail:
    • zmtang@sjtu.edu.cn
    • Profile
    •  Zongming Tang has taught finance course at ACEM in SJTU for almost ten years. She is the author of more than tweenty articles on corporate finance. She is also the author or co-author of couple of books such as Corporate Governance, Large shareholder control and Study Book of Corporate Finance.
       The office hour for this course: wed. 1:00pm~3:30pm or by appointment
       Office address: 535 Fahuazhen Rd. Building 10, Rm 106, Shanghai;200052
       Tel:52301359
  • Prerequisite Course:

    Economics

  • Textbooks:

    The text book
    Financial Economics(2e), Zvi Bodie, Robert C. Merton and David L. Cleeton. (You can find both Chinese and English version.)
    Reference books
    Foundations of Finance(8e) , Keown. Martin. Petty, a complimentary copy from Pearson . (only English version)
  • Grading:

    1. Individual homework 15% (comments on one important financial event 5%+financial book reading and thoughts write-up/summary10%)
    2. Group project, 15% (academic research:choose one project or find one by your group
    Options : Internet finance; IPO in China and US; Financial inovation in Shanghai free trade zone; The role of exchange rate; the role of interest rate etc)
    3. Midterm exam, 30%
    4. Final Examination, 40%
    Midterm and Final exam will test most of (90 percent of) the contents we discuss in the class and some key contents have been practiced in the quiz.
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