2025 (Current Year) Faculty Courses School of Environment and Society Department of Technology and Innovation Management Graduate major in Technology and Innovation Management
Investments in securities II
- Academic unit or major
- Graduate major in Technology and Innovation Management
- Instructor(s)
- Kazuto Doi / Mayuko Nakamaru
- Class Format
- Lecture (Livestream)
- Media-enhanced courses
- -
- Day of week/Period
(Classrooms) - 11-12 Fri
- Class
- -
- Course Code
- TIM.A537
- Number of credits
- 100
- Course offered
- 2025
- Offered quarter
- 2Q
- Syllabus updated
- Mar 19, 2025
- Language
- Japanese
Syllabus
Course overview and goals
This course covers securities investment theory, one of the two pillars of finance in Western business schools as well as corporate finance theory (Corporate Finance). In particular, “Investments in securities II” focuses on understanding the bond market, which determines the discount rate, the basis of asset pricing, as well as derivatives and their valuation theories, and the practice of investment and portfolio management.
The aim of this course is to deepen students' understanding of the fundamentals of the concept of securities investment as well as financial and securities markets, and to develop students' ability to think for themselves about the nature of real financial market movements and events by learning standard contemporary investment theories. This course will also help you prepare for the Japanese and U.S. securities analyst certifications (CMA and CFA) and build a framework for your own asset management.
Course description and aims
Students will learn the following skills from taking this course.
1) Be able to explain about asset classes such as fixed income and derivatives, and respective investment strategies
2) Be able to explain about risk premium and investment ideas based on the risk premium
3) Be able to explain about efficient market hypothesis
4) Be able to consider the nature behind price movements and events in the financial markets by themselves
Student learning outcomes
実務経験と講義内容との関連 (又は実践的教育内容)
An instructor with work experiences in the asset management industry will provide hands-on education in finance theory, based on practice in the field that features the practical application of the theories.
Keywords
Interest Rates, Yield Curve, Credit Risk, Portfolio, Forecast, Building bloc, Risk Premium, Derivatives, Foreign Exchange, Risk Neutral Pricing, Global Investment, Efficient Market Hypothesis
Competencies
- Specialist skills
- Intercultural skills
- Communication skills
- Critical thinking skills
- Practical and/or problem-solving skills
Class flow
Lecture style with some class interactions with quiz and financial news. Students are encouraged to participate actively. Welcome questions in class
Course schedule/Objectives
| Course schedule | Objectives | |
|---|---|---|
| Class 1 | Fixed Income valuation 1 | To understand basics of fixed income assets |
| Class 2 | Fixed Income valuation 2 | To understand fixed income valuation |
| Class 3 | Derivatives Instruments (Futures/Forwards/Swap/Options) | To understand what derivatives are |
| Class 4 | Fixed Income valuation 2 | To understand derivatives valuation |
| Class 5 | Investing globally | To understand impacts by foreign exchange rates |
| Class 6 | Efficient market hypothesis (EMH) and investments | To consider the ecology of investment behaviors |
| Class 7 | Wrap up and case study | To review key concepts and apply them to the actual markets |
Study advice (preparation and review)
To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.
Textbook(s)
No text book is set.
Reference books, course materials, etc.
Shin-Shouken Touhiron I/ Takao Kobayashi and Toshio Serizawa
Shin-Shouken Touhiron II/ Keisuke Ito et al.
Financial Economics / Yukio Noguchi and Mariko Fujii
Introduction to Contemporary Finance
Evaluation methods and criteria
Report and quiz: 100% Active class participation can be plus
Related courses
- TIM.A536 ： Investments in securities I
- TIM.A534 ： Corporate Finance I
- TIM.A535 ： Corporate Finance II
Prerequisites
"Investments in securities II " assumes knowledge acquired in "Investments in securities I".
Students are encouraged to take both "Investments in securities I" and "Investments in securities II".
Basic knowledge of probability, statistics and mathematics at the elementary university level is used, even though no prior preparation is required.
Contact information (e-mail and phone) Notice : Please replace from ”[at]” to ”@”(half-width character).
83nsoundbeach[at]gmail.com