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5:45 – 8:25 Wednesday
Evenings, Newcomb Hall, Room 316A
TEXT: Fundamentals of Investment Management, 6th Edition by Geoffrey Hirt
& Stanley Block.
OFFICE HOURS: Before or after class and by appointment.
COURSE OBJECTIVE: A technical and analytical investigation into investment
products and procedures.
Jan 9 -- Introduction. Chapters 1.
Jan 16 -- Finance Math & Time Value of Money.
Jan 23 -- Chapter 19. Mutual Funds.
Jan 30 -- Chapters 11, 12, 13. Fixed Income Securities
Feb 6 -- Chapters 11, 12, 13. Fixed Income Securities. Continued.
Feb 13 -- Fixed Income Derivative Securities.
Feb 20 -- Exam 1
Feb 27 -- Chapters 5, 6, 7, 8. Analysis & Valuation of Equity
Securities.
Mar 6 -- Chapters 5, 6, 7, 8, continued.
Mar 13 -- Exam 2.
Mar 20 -- Chapters 15, 16, 17. Derivative Securities.
Mar 27 -- SPRING BREAK
Apr 3 -- Chapters 15, 16, 17 continued.
Apr 10 -- Chapters 15, 16, 17 continued.
Apr 17 -- Chapter 9 - Technical Analysis and Market Efficiency.
Apr 24 -- Chapter 21 -
Portfolio Management
May 1 -- FINAL EXAM
GRADING:
90 - 100 = A
80 - 89 = B
70 - 79 = C
60 - 69 = D
Below 60 = F
DISTRIBUTION
Exam 1 - 25% of total grade.
Exam 2 - 25% of total grade.
Final - 25% of total grade.
Homework Assignments (Wall Street Journal) - 25% of total grade
THE WALL STREET JOURNAL: Students are required to bring the WSJ to each class.
The Wall Street Journal is an integral part of the course. I take
attendance and measure class participation by choosing a piece of the WSJ
that is due for each day’s class. I will ask for journal sections in this
class between fifteen and twenty times over the duration of the semester.
They will be worth 10 points each. I will curve this homework assignment by
counting, for example, 15 of the 20 that I may ask for during the semester.
Therefore, you will have 5 occasions in that example to
"miss" the assignment. This was an example only. Actual numbers
may vary. Other assignments may be given throughout the semester,
they will be treated like a Journal assignment.
THIS IS THE RULE: You are required to bring the WSJ for that day's
class. We will meet on Wednesday evenings this semester, bring
Wednesday's paper.
When an assignment is picked up: I want the day’s journal that is required
for that day.
I do not accept a different day’s journal.
I do not accept the assignment late (after that day’s class).
I do not accept the excuse that you did not get the paper.
I do not accept a photocopy of the journal.
I do not count more than one name on each assignment (i.e. no sharing)
If you are having subscription problems call 1-800-JOURNAL
Do not take the Journal assignment lightly. The points are significant to
your final grade. This assignment is as easy as it can be – JUST BRING IT
IN! There are no other "extra-credit" assignments to improve your
grade. Bring in the paper for easy points.
I will also require special sections of the Journal to be brought in after
they are published. The paper produces tables and information on an
irregular basis that is valuable to an investment course, I will give you
sufficient time to bring them in. An example is the end-of-month data on
mutual funds; this is produced once a month and would be a good example of
a report that we should review. There is also a quarter-end journal
report that is much more comprehensive than the month-end. We will
look at this report.
MISSED CLASS: Make arrangements with a colleague to secure notes.
TEXT: The text is a formal university investment text routinely used in
finance curriculums. Unlike the text used in the Introduction to
Investments course, this text has a much more rigorous approach to
investment analysis.
CALCULATORS: Bring a financial or scientific calculator to every class and
every test.
EXAMS: There are three examinations; two inter-semester exams and a final
exam, each is worth 25% of your grade. Exams are primarily multiple choice.
There will be a significant number of calculation problems which may be
answerable in multiple choice form, others will ask that you furnish a
numerical answer. The exams are given on the dates listed. In the case of a
missed exam, I expect the makeup to be taken at the next class period.
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