FM301 Potfolio Analysis and Investment

Prerequisites: FM201 or FM202

This course focuses on the essential considerations required in the process of the formation, analysis and management of investment portfolios. Portfolio theory, markets efficiency and asset pricing models such as CAPM and single-index models introduced in previous course are critically evaluated in full. Techniques and practices used in security selection for institutional investment portfolios and coverage of derivative securities as it is pertinent to investment choice and portfolio formation is provided.

 

FM302 Financial Management in the Pacific Region

Prerequisites: FM201 or FM202

The focus of this course is to explore the challenges and problems of adapting some of the techniques, models and practices studied in earlier courses to the local region. Students will study how effective financial markets structures and management practices currently absent from the region might be introduced and employed and the problems of doing so. This course will utilise input from local and regional industry practitioners.

 

FM303 International Finance

Prerequisites: FM201 or FM202

This course focuses on aspects of investing and financing across borders in an increasingly global business environment. It explores the process and risks of investing across borders and financing internationally. Aspects such foreign exchange, taxation and regulatory issues will be investigated. International diversification as a business strategy will be evaluated. The impact of increasing globalisation will be explored. A particular emphasis will be on managing the various risks associated with operating in an international business environment.

 

FM304 Public Sector Financial Management

Prerequisites: FM201 or FM202

The focus of this course is on the financial management practices commonly employed in public sector organisations with particular reference to investment project evaluation, selection and financing. Comparisons with private enterprise practices are explored. It is envisaged that students undertaking this course would complete a practical project based on a real-world public sector organisation of their choice.

 

FM305 Financial Risk Management

Prerequisites: FM301

This course extends the material covered in earlier courses such as FM202. It focuses on providing a thorough understanding of derivatives markets and techniques for managing asset risk. The nature and role of derivative securities in this process is explored. Topics covered include the use of derivative securities, forward and futures contracts on stock indices, investments and consumptive assets, options on stocks, stock indices and futures, swaps, hedging positions/strategies, binomial option pricing, numerical techniques in option pricing, exotic options and options on non-traded assets.