FNB 300 Investment (Spring 2009)


1. Dr. Jeff S. Hong
Tel: 212)220-8388
Email: professor
webpage: http://fly.to/jeffecon 2. Date and Time: Tuesday 10:00 A.M. ~ 11:40 A.M. & Thursday 10:00 A.M. ~ 10:50 P.M. 3. Classroom: N408 (Tue) & S637 (Thr)

4. Required Texts:
Fundamentals of Investing, Gitman, Lawrence J. and Joehnk, Michael D. (9e or above), 2003 Addison Wesley
Excel Workbook for use with Practical Business Math Procedures, Jeff S. Hong, McGraw-Hill, 2008
(ISBN 978-0-7-327854-4) 5. Office & Office Hours: S 657
Mon 2:00 P.M. ~ 3:50 P.M. and Wed 1:00 P.M. ~ 1:50 P.M. 6. Learnig Ojectives

This course aims at:

a Studying the problems involved in investing in a dynamic economy
b Studying the principles that can be applied to issues pertaining to both personal and institutional investment
c Applying theories of investment to the current investing climate

7. Student Learning Outcomes

Upon completion of the course, the students should be able to:

a Read and properly interpret economic data and graphs relevant to making investiment decisions;
b Properly interpret financial data, graphs and ratios of corporation relavant to making investment decisions;
c Perform intermediate-level mathematical and statistical techniques to evaluate investment opportunities including discounted cash flow, present values, future values, annuities, bonds and stock valuations, estimating beta coefficient using CAPM and/or other models;
d Analyze return vs risk and determine the best performers when choosing alternative investment instruments;
e Use the computer S/W packages to perform the above procedures for valuation and analysis purposes;
f Demonstrate understanding of portfolio management.

8. Course Outline
Mathematical Finance

Topic 1: Return & Risk
Supplemental Reading: Finding Prosperity amid Uncertainty

Topic 2: Modern Portfolio Concept
Supplemental Reading: Outlook & Markets, Sectors, Sector Watch & Industry in Focus

Topic 3: Common Stocks
Supplemental Reading: S&P Market Views

Topic 4: Analyzing Common Stocks
Supplemental Reading: Market Movers

Topic 5: Stock Valuation and Market Price Behavior
Supplemental Reading: S&P Stock Picks

Topic 6: Fixed Income Securities
Supplemental Reading: Treasury Market Watch

Topic 7: Bond Valuation
Supplemental Reading: National City Economic Insights

Topic 8: Preferred Stocks and Convertible Securities
Supplemental Reading: Economic Insights

Topic 9: Mutual Funds: Professionally Managed Portfolio
Supplemental Reading: Mutual Funds & Funds

Topic 10: Managing your own Portfolio
Supplemental Reading: Extra Topic: Fund Q&A

Topic 11: Derivatives
Options: Puts, Calls, and Warrants + Commodities and Futures

Topic 12: The Investment Environment
Supplemental Reading: Economic Briefs

Topic 13: Market and Transactions
Supplemental Reading: Economy.com

Topic 14: Online Information and Investing
Supplemental Reading: Interest Rate Trend Graph

Extra Topic: Basic Fiancial Accounting

Extra Topic: Optimal Production Level

Extra Topic: Optimal Pricing Technique

Extra Topic: Linear Programming &

Download free Adobe Acorbat.

Grading Criteria
1. Midterm or Project: 30%
2. Final: 30%
3. Homeworks & Quizzes: 30%
4. Attendance: 10%

Attendance & Class Participation
At BMCC the maximum number of absence is limited to one more hour than the number of hours a class meets in one week. For example, if you are enrolled in a 4 hour class that meets 2 times a week, you are allowed 5 hours of absence (not 5 days). In the case of excessive absence, the instructor has the option to lower the grade or assign an "F" or "WU" grade.

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