| Academic Year |
2026Year |
School/Graduate School |
School of Economics Economics Day Course |
| Lecture Code |
G6170253 |
Subject Classification |
Specialized Education |
| Subject Name |
ファイナンス３ |
Subject Name
（Katakana） |
ファイナンス３ |
Subject Name in
English |
Financial Economics 3 |
| Instructor |
YAMANE AKIKO |
Instructor
(Katakana) |
ヤマネ アキコ |
| Campus |
Higashi-Hiroshima |
Semester/Term |
3rd-Year, First Semester, 2Term |
| Days, Periods, and Classrooms |
(2T) Fri5-8：ECON B155 |
| Lesson Style |
Lecture |
Lesson Style
(More Details) |
Face-to-face, Online (on-demand) |
The first class will be conducted in person.
Some of the classes will be conducted online (on-demand). |
| Credits |
2.0 |
Class Hours/Week |
4 |
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 |
valuation model, law of one price, dividend discount model, mean-variance analysis, efficient portfolio, risk averse, CAPM, market portfolio, market index, performance evaluation |
| 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) | Economic Analysis
（Abilities and Skills）
・Be able to utilize knowledge of Public Finance and Financial Economics to solve problems which have a close relevance for ordinary people |
|---|
Class Objectives
/Class Outline |
In this course, we learn the basic investment theory and application using real data. The first half of each session is a theoretical explanation. In the second half of each session, we will learn how to implement financial models in Excel. |
| Class Schedule |
Lesson 1 Introduction: Investment and Risk
Lesson 2 Measuring Returns
Lesson 3 Measuring Risk
Lesson 4 Investor Preferences and Risk Aversion
Lesson 5 Two-Asset Portfolio
Lesson 6 The Benefits of Diversification
Lesson 7 Mean-Variance Analysis
Lesson 8 Efficient Frontier
Lesson 9 Optimal Portfolio
Lesson 10 Risk-Free Asset, Market Portfolio
Lesson 11 Capital Asset Pricing Model (CAPM)
Lesson 12 Capital Asset Pricing Model (CAPM) 2
Lesson 13 Portfolio Performance Evaluation
Lesson 14 Portfolio Design
Lesson 15 Summary |
Text/Reference
Books,etc. |
Zvi Bodie, Robert C. Merton and David L. Cleeton, Financial Economics, Pearson Education
Devid G. Luenberger, Investment Science, Oxford University Press
Simon Benninga, Financial Modeling, MIT Press |
PC or AV used in
Class,etc. |
Handouts, moodle |
| (More Details) |
|
| Learning techniques to be incorporated |
Project Learning |
Suggestions on
Preparation and
Review |
If you have any questions, please resolve them each time. |
| Requirements |
Please bring your laptop computer to class.
Some of the classes will be conducted online (on-demand). |
| Grading Method |
Assignments (50%), final report (50%) |
| Practical Experience |
|
| Summary of Practical Experience and Class Contents based on it |
|
| Message |
|
| 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. |