《证券投资学》是研究投资者如何正确地选择投资对象、如何参与证券市场运作、如何科学地进行证券投资决策分析等的一门新兴学科。本课程分别从证券投资工具、证券市场、证券投资分析、证券组合管理和投资策略五个方面对证券投资的理论和实践进行全面地阐述。先讲基础概念与现象，再讲抽象的原理与模型。既关注全球金融市场的纷繁变化，又重视在中国特色制度下中国资本市场的实际情况。课程与时俱进，在当今金融科技快速发展的大背景下，助力学习者培养符合金融供给侧改革需求的专业能力。
Overview
Syllabus
- 第一章 The Investment Environment
- 1.1 The Investment Environment
- 第二章 Asset Classes and Financial Instruments
- 2.1 The Money Market
- 2.2 The Bond Market
- 2.3 Equity Securities
- 2.4 Derivative Markets
- 第三章 Risk, Return, and the Historical Record
- 3.1 Determinants of the Level of Interest Rates
- 3.2 Comparing Rates of Return for Different Holding Periods
- 3.3 Risk and Risk Premium
- 第四章 Capital Allocation to Risky Assets
- 4.1 Risk Aversion
- 4.2 Capital Allocation to Risky Assets
- 第五章 Optimal Risky Portfolios
- 5.1 Optimal Risky Portfolios（1）
- 5.2 Optimal Risky Portfolios（2）
- 第六章 The Capital Asset Pricing Model
- 6.1 The Capital Asset Pricing Model
- 第七章 Arbitrage Pricing Theory and Multifactor Models of Risk and Return
- 7.1 Introduction of Multifactor Model
- 7.2 Arbitrage Pricing Theory
- 7.3 Multifactor Arbitrage Pricing Theory
- 第八章 The Efficient Market Hypothesis
- 8.1 The Efficient Market Hypothesis (1)
- 8.2 The Efficient Market Hypothesis (2)
- 第九章 Bond Prices and Yields
- 9.1 Bond Prices and Yields
- 9.2 Bond Pricing
- 9.3 Bond Prices over Time
- 第十章 The Term Structure of Interest Rates
- 10.1 The Term Structure of Interest Rates
- 第十一章 Equity Valuation Models
- 11.1 Valuation by Comparables
- 11.2 Dividend Discount Models
- 11.3 Free Cash Flow Valuation Approaches
- 第十二章 Problem Discussion Section
- 第十二章 问题讨论
- 第十三章 Financial Statement Analysis
- 13.1 The Major Financial Statements
- 13.2 Profitability Measures
- 13.3 Ratio Analysis
- 第十四章 Option Markets
- 14.1 The Option Contrcact
- 14.2 Values of Options at Expiration
- 14.3 Option Strategies
- 14.4 Exotic Options
- 第十五章 Future Markets
- 15.1 The Futures Contract
- 15.2 Trading Mechanics
- 15.3 Futures Markets Strategies
- 期末考试
Taught by
Anhui University of Finance and Economics
