G8284100 Financial Economics 2

Hiroshima University Syllabus

Japanese

Academic Year 2024Year School/Graduate School School of Economics Economics Evening Course

Lecture Code G8284100 Subject Classification Specialized Education

Subject Name ファイナンス２

Subject Name
（Katakana）ファイナンス２

Subject Name in
English Financial Economics 2

Instructor ONO SADAYUKI

Instructor
(Katakana) オノ　サダユキ

Campus Higashi-Senda Semester/Term 3rd-Year, First Semester, First Semester

Days, Periods, and Classrooms (1st) Thur11-12：Higashi-Senda Lecture Rm M302

Lesson Style Lecture Lesson Style
(More Details) 　

Credits 2.0 Class Hours/Week 　 Language of Instruction J : Japanese

Course Level 3 : Undergraduate High-Intermediate

Course Area（Area） 24 : Social Sciences

Course Area（Discipline） 03 : Economics

Eligible Students

Keywords

Special Subject for Teacher Education 　 Special Subject 　

Class Status
within Educational
Program
(Applicable only to targeted subjects for undergraduate students)
Criterion referenced
Evaluation
(Applicable only to targeted subjects for undergraduate students) Economics and Management
（Abilities and Skills）
・The ability to grasp the economic issues based on the knowledge of economic analysis

Class Objectives
/Class Outline Financial Economics 2 plans to teach (1) financial assets (2) corporate finance. In class, basic ideas and theory regarding these topics are introduced and analysed. Additionally, news about financial markets that are shown on Japanese and foreign economics journals, for instance Nikkei (Japanesse daily newspaper), might be presented and discussed.

Class Schedule Lecture Topic
(1) Financial Assets, Financial Markets: Discusses important matters such as the classification and nature of financial assets and financial markets.
(2) Equity 1: Describes basic issues for one of the major financial assets, stock.
(3) Stock 2: Discusses key terms for stock prices and the present value of financial assets.
(4) Equity 3: Applies a cash flow odel to derive the fair price of a stock.
(5) Bond 1: Introduces the fundamentals of one of the major financial assets, bond.
(6) Bond 2: Considers the yield that provides the return on the bond.
(7) Bond 3: Applies a cash flow model to derive the fair value of the bond.
(8) Term Structure of Interest Rates: Introduces three main theories that explain the term structure of interest rates.
(9) Monetary policy: Examines the tools, objectives, and effects of monetary policy implemented by the central bank.
(10) Corporate Finance 1: Describes the outline of corporate finance.
(11) Corporate Finance 2: Explains financial accounting (balance sheet, income statement, cash flow statement).
(12) Capital Structure 1: Describes the fundamentals of capital structure.
(13) Capital Structure 2: Discusses the Modigliani-Miller proposition.
(14) Capital Budgeting 1: Explains the fundamentals of capital budgeting.
(15) Capital Budgeting 2: Explains the main calculation methods of capital budgeting and introduces the example for application.

Text/Reference
Books,etc. As reference,
•　コーポレートファイナンスの原理; by ステファン・ロス, ランドルフ・ウェスターフィールド、ジェフリイ・ジャフィ;
translated into Japanese by 大野薫
•　コーポレートファイナンス; by リチャード・ブリーリー, スチュワート・マイヤーズ; translated into Japanese by 藤井
真理子、国枝繁樹
• Modern Portfolio Theory and Investment Analysis; by Edwin J. Elton, Martin J. Gruber, Stephen J. Brown, William N. Goetzmann

PC or AV used in
Class,etc. 　

(More Details)

Learning techniques to be incorporated 　

Suggestions on
Preparation and
Review Review of each lecture might be useful.

Requirements None

Grading Method At the end of the semester, you are required to submit a report, and it is evaluated based on its content. In addition, the report is evaluated assuming that you understand at least all the lecture notes and all the lecture content. In advance, you will be informed of the detailed rules and format of the term-end report by e-mail.

Practical Experience

Summary of Practical Experience and Class Contents based on it

Message Information on the lecture will be sent to each university account e-mail when necessary. Around April 8th (the first lecture will be on April 11th), an e-mail containing lecture information will be distributed to students who have already got enrolled in this course.

Other

Please fill in the class improvement questionnaire which is carried out on all classes.
Instructors will reflect on your feedback and utilize the information for improving their teaching.

Academic Year	2024Year	School/Graduate School	School of Economics Economics Evening Course
Lecture Code	G8284100	Subject Classification	Specialized Education
Subject Name	ファイナンス２
Subject Name （Katakana）	ファイナンス２
Subject Name in English	Financial Economics 2
Instructor	ONO SADAYUKI
Instructor (Katakana)	オノ　サダユキ
Campus	Higashi-Senda	Semester/Term	3rd-Year, First Semester, First Semester
Days, Periods, and Classrooms	(1st) Thur11-12：Higashi-Senda Lecture Rm M302
Lesson Style	Lecture	Lesson Style (More Details)

Credits	2.0	Class Hours/Week		Language of Instruction	J : Japanese
Course Level	3 : Undergraduate High-Intermediate
Course Area（Area）	24 : Social Sciences
Course Area（Discipline）	03 : Economics
Eligible Students
Keywords
Special Subject for Teacher Education		Special Subject
Class Status within Educational Program (Applicable only to targeted subjects for undergraduate students)
Criterion referenced Evaluation (Applicable only to targeted subjects for undergraduate students)	Economics and Management （Abilities and Skills）・The ability to grasp the economic issues based on the knowledge of economic analysis
Class Objectives /Class Outline	Financial Economics 2 plans to teach (1) financial assets (2) corporate finance. In class, basic ideas and theory regarding these topics are introduced and analysed. Additionally, news about financial markets that are shown on Japanese and foreign economics journals, for instance Nikkei (Japanesse daily newspaper), might be presented and discussed.
Class Schedule	Lecture Topic (1) Financial Assets, Financial Markets: Discusses important matters such as the classification and nature of financial assets and financial markets. (2) Equity 1: Describes basic issues for one of the major financial assets, stock. (3) Stock 2: Discusses key terms for stock prices and the present value of financial assets. (4) Equity 3: Applies a cash flow odel to derive the fair price of a stock. (5) Bond 1: Introduces the fundamentals of one of the major financial assets, bond. (6) Bond 2: Considers the yield that provides the return on the bond. (7) Bond 3: Applies a cash flow model to derive the fair value of the bond. (8) Term Structure of Interest Rates: Introduces three main theories that explain the term structure of interest rates. (9) Monetary policy: Examines the tools, objectives, and effects of monetary policy implemented by the central bank. (10) Corporate Finance 1: Describes the outline of corporate finance. (11) Corporate Finance 2: Explains financial accounting (balance sheet, income statement, cash flow statement). (12) Capital Structure 1: Describes the fundamentals of capital structure. (13) Capital Structure 2: Discusses the Modigliani-Miller proposition. (14) Capital Budgeting 1: Explains the fundamentals of capital budgeting. (15) Capital Budgeting 2: Explains the main calculation methods of capital budgeting and introduces the example for application.
Text/Reference Books,etc.	As reference, •　コーポレートファイナンスの原理; by ステファン・ロス, ランドルフ・ウェスターフィールド、ジェフリイ・ジャフィ; translated into Japanese by 大野薫 •　コーポレートファイナンス; by リチャード・ブリーリー, スチュワート・マイヤーズ; translated into Japanese by 藤井真理子、国枝繁樹 • Modern Portfolio Theory and Investment Analysis; by Edwin J. Elton, Martin J. Gruber, Stephen J. Brown, William N. Goetzmann
PC or AV used in Class,etc.
(More Details)
Learning techniques to be incorporated
Suggestions on Preparation and Review	Review of each lecture might be useful.
Requirements	None
Grading Method	At the end of the semester, you are required to submit a report, and it is evaluated based on its content. In addition, the report is evaluated assuming that you understand at least all the lecture notes and all the lecture content. In advance, you will be informed of the detailed rules and format of the term-end report by e-mail.
Practical Experience
Summary of Practical Experience and Class Contents based on it
Message	Information on the lecture will be sent to each university account e-mail when necessary. Around April 8th (the first lecture will be on April 11th), an e-mail containing lecture information will be distributed to students who have already got enrolled in this course.
Other
Please fill in the class improvement questionnaire which is carried out on all classes. Instructors will reflect on your feedback and utilize the information for improving their teaching.

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