《金融学基础》

了解金融学的基本原理是金融活动的基础，它们在金融市场的运作中起着至关重要的作用。市场投资者在进行投资决策时，需要遵循这些原则，以实现投资的最大化。同时，金融市场也需要建立健全的制度，确保市场的公开透明和供求关系的平衡。本课程《金融学基础》的国际化特色鲜明，同时兼具中国金融发展的国情特色，具有较高的学习价值。本课程主要涉及以下的内容：1、时间价值原理;2风险与收益的平衡原则;3、多元化原则;4. 信息透明和信息披露的重要性原则； 5.市场供求关系原则；6.金融与货币市场；7.企业融资手段；8.固定收益证劵估值；9.股票估值等。本课程适合金融专业本科生、工商管理类本科生、研究生、外语类专业学生跨专业复合学习，来华留本科研究生学生的选用学习之用。

Acknowledgement






General Introduction






Chapter 1


An Overview of the Subject of Finance






Learning outcomes




1.1


Introduction to the subject of Finance




1.2


Introduction to capital market




1.2.1


Types of companies listed in the stock market




1.2.2


Primary market vs Secondary market




1.3


Introuction to Chinese Capital Market




1.3.1


Shanghai stock exchange




1.3.2


Shenzhen stock exchange




1.3.3


Beijing stock exchange




1.3.4


Overview of Chinese share classes and securities




1.4


Capital market analyst approach




1.5


Financial intermediaries




1.6


Business Organizations and the Physical Assets Market




Review






Exercises






Chapter 2


Classical concepts and theories in the subject of Finance




Introduction






2.1


The concept of managerial self-interest




2.2


The concept of agency




2.3


The stakeholder theory




2.4


The agenct-principal theory




2.5


The risk aversion theory




2.6


The information asymmentry and financial signlaing theory




2.7


The efficiency capital market hypothesis (EMH)




Review






Exercises






Chapter 3


Financial and money market




Introduction






3.1


Financial markets




3.2


The bill market




3.3


Capital market and institutional investors




3.4


Introduction to money market




3.5


Brief introduction to China financial and money market




3.6


Define money in theory and practice




3.7


Case studies




Review






Tutorial Questions






Chapter 4


Business Finance




Introduction






4.1


Business structure




4.2


Equity finance




4.3


Debt finance




4.4


Source of finance through international market




4.5


Sale and leasback




4.6


The theory of capital structure




4.7


Source of finance in China




Review






Exercises






Chapter 5


The Value of Money over Time




Introduction






5.1


The process of compounding：future values




5.2


Present value




5.3


Annuities




5.4


Perpetunities




5.5


Real and nominal reates of interests




5.6


China perspective




Review






Exercises






Chapter 6


Fixed interest securities investment and valuation




Introduction






6.1


The valuatin of government bond




6.2


The valuation of corporate bond




6.3


Introduction to yield curve




6.4


*********




6.5


*********




Review






Exercises






Chapter 7


The concept of value and corporate business decisions




Introduction






7.1


What is value ?




7.2


Economic concept of value




7.3


Accounting concept of value




7.4


Financial concept of value




7.5


The importance of information




7.6


The business investment and financing decision




7.7


The devision policy




Review






Tutorial Questions






Chapter 8


Equity valuation




Introduction






8.1


Book value




8.2


Market value




8.3


Forced sale value




8.4


Information and value--corporate annual report disclosure




8.5


Valuing ordindary shares




7.5.1


Net asset based model




7.5.2


Dividend based models




7.5.3






Chapter 9


Stock market investment and market indicators




Introduction






9.1


Investment return and risk




9.2


Expected Return




9.3


Variance and standard deviation




9.4


Financial ratios




9.5


Stock market indicators




9.6






9.7


Comprehensive case study




Tutorial Questions






Review






General conclusion






Appendix






Solution to tutorial questions






Glossories