Course title
ベクトル解析   [Vector Analysis]
Course category	technology speciality courses	Requirement		Credit	2
Department		Year	～	Semester	YearLong
Course type	YearLong	Course code	106i0804
Instructor(s)
宮地 悟代, 山本 明保   [MIYAJI Godai, YAMAMOTO Akiyasu]
Facility affiliation	Scleroprotein and Leather Research Institute	Office	Kose'Lab	Email address

Course description

Overview: Corporate finance (corporate finance) is an essential knowledge for managers and entrepreneurs, as it is responsible for both aspects of corporate operations, i.e., raising and managing funds. In practice, one should use professional expertise, such as having a Chief Financial Officer (CFO) or receiving support from client banks, etc., but not knowing the basic concepts can even lead to poor business decisions. This course is designed for students to master the fundamentals of finance, which are required in U.S. business schools. The course will provide an overview of various areas such as DCF (Discount Cash Flow) method, corporate valuation, the fundamentals of financial instruments such as stocks and bonds, and risk management, which are the basis for management decision making. It is recommended that students have some knowledge of accounting and corporate law, but the course will be explained in a practical manner so that it can be fully understood by those without such knowledge. The course will be a combination of prior learning based on handouts and the textbook, lectures, case studies, and exercises. This course, taught by faculty members with practical experience, aims to familiarize students with basic-level finance knowledge and methods from the perspective of how finance is used in practice.

Expected Learning

Achievement Criteria: To be able to understand and evaluate corporate management from the aspect of finance, such as fund-raising, investment, and operation. To be able to understand the basic knowledge and methods of quantitative approaches in management decision making.

Course schedule

Class contents: 1.1 Introduction / Significance of finance (Explanation of the lecture outline and overview of basic elements of finance) 2. 1.2 Present value calculation methods (Discount Cash Flow, Net Present Value) (Discount Cash Flow, calculation of net present value) 3 1.3 Interest Rates and Bonds (Meaning of interest rate, characteristics of bonds) Part 4 1.4 Fundamentals of Equities and CAPM (Characteristics of stocks, Capital Asset Pricing Model) Part 5 2.1 The NPV Rule as a Decision-Making Criterion (NPV Rule and Alternative Methods, Embedded Cost) Part 6 2.2 WACC and Corporate Valuation (WACC, corporate value) Vol. 7 3.1 Market Efficiency and Anomalies (Efficient Market Hypothesis, Anomalies and Behavioral Finance) 8. 3.2 Corporate financing and MM theory (Pecking order of financing, Meaning of MM theory) Part 9 3.3 Shareholder Returns and ESG (Discussion on Returns, Stakeholders First) (Discussion on return, stakeholder first and ESG) 10th 3.4 Term Structure of Interest Rates and Corporate Bonds (Term structure of interest rates, corporate bonds and ratings) Vol. 11 4.1 Portfolio Theory and Risk Management (Efficient frontier and diversification effects, risk management techniques) Part 12 4.2 Insurance and Annuities (Insurance as a risk management tool, understanding various pension plans) Session 13 4.3 Personal Finance (iDeCo and other personal investments, avoiding investment fraud) Session 14 4.4 Securitization and M&A (financing through securitization, M&A) (financing through securitization, M&A finance) 15. 5.1 Outlook of market environment and summary (Outlook of the market environment, case studies)

Prerequisites

Course Requirements/Related Topics: No prior knowledge of finance is required. Students should be aware of current news reports on the economy and companies. Preparation and review equivalent to the standard number of hours at the university are required.

Required Text(s) and Materials

Textbooks/Textbooks: Daisuke Asaoka and others, “Seminar Corporate Finance”, Nihon Keizai Shimbun Publishing, ISBN 978-4-532-13524-9 In addition, lecture materials and teaching materials will be distributed separately.

References

Reference books: If the textbook is difficult to read, the following simple introductory books may be helpful for understanding. Yuichi Ishino, "Zakkuri kiru finanzi" (Understanding Finance in a Nutshell), Kobunsha Shinsho, ISBN978-4-334-03397-2

Assessment/Grading

Grading Methods: Grading for online lectures will be based on class participation, quizzes, assignments, and final reports. Grades will be based on 30% regular marks, 30% quizzes and assignments, and 40% final reports. Grading is based on a 5-point system: S: 90 points or above; A: 80 points or above but less than 90 points; B: 70 points or above but less than 80 points; C: 60 points or above but less than 70 points. Grades will not be given to students whose attendance is less than 70%, but attendance alone is not considered class participation.

Message from instructor(s)

Finance is the study of money. In Japan, people tend to avoid talking about money, but "money is important. In this lecture, we will deal with areas such as corporate procurement and operation, and managerial decision making, all in the context of finance. At times, we may talk about the main area of business administration, but it is acceptable to use it only as a reference. The level of mathematics required for the fundamentals of finance is about that of a high school freshman, and although natural logarithms and derivatives may come into play a little, it is no problem to forget them. The most frequent use is in calculating powers of a power.

Course keywords

Finance, business valuation, business decision, risk management

Office hours

Please contact the main office (k-toku@nli-research.co.jp) to make an appointment.

Remarks 1

Remarks 2

Related URL

Lecture Language

Japanese

Language Subject

Last update

4/6/2023 1:17:18 PM