Finance(MFin)

Objectives

This program leads to the degree of Master of Finance. It is designed to prepare students for international careers in finance both in academic and business fields. We emphasize a solid and broad theoretical foundation to master the mainstream research methods and international research horizons, and improve their research capability. Students in this program generally wish to prepare for careers in the financial sector, such as college and universities, investment and commercial banking, asset management, financial services or consulting, or in corporate finance positions within international companies at a managerial level.

Compulsory Preparatory Courses:

Rudiments of Chinese Language
Selected Issues on Modern China

Core Courses:

Microeconomics
Corporate Finance
Investment
Financial Accounting
Econometrics

Elective Courses:

Financial Mathematics and Modeling
Financial Statement Analysis
Financial Markets
Financial Derivatives
Corporate Valuation
Financial Economics
Financial Theory
Database and SAS
Corporate Governance

Credit Requirements

2 preparatory courses with 2 credits each

5 core courses with 3 credits each

7 elective courses with 1-2 credits each

Seminar (required for two semesters)

 Master thesis can be written in English or Chinese. If in English, an abstract in Chinese must be provided.

Course Description

Microeconomics: Consumer theory; producer theory; market theory; game theory; general equilibrium; and information theory.

Econometrics: Probability theory, statistical inference, and matrix algebra and introduce the statistics and econometrics software; Simple Linear Regression Model; Multiple Linear Regression Model; Extensions to Linear Regression Model; Introduction to Asymptotic Theory; General Least Squares; Multicollinearity; Stochastic Regressors/Lagged Variables; and Limited Dependent Variable Models.

Corporate Finance: Key Concepts of Finance; Financial Markets; Portfolio Theory; Asset Pricing Models;  Market Efficiency Hypothesis; Capital Budgeting; Capital Structure; Dividend Policy; Equity Financing; Long-term Debt Financing.

Financial Accounting:

Financial Accounting and Accounting Standards; Conceptual Framework Underlying Financial Accounting;The Accounting Information System; Income Statement and Related Information; Accounting and the Time Value of Money; Cash and Receivables; Valuation of Inventories: A Cost Basis Approach; Inventories: Additional Valuation Issues; Acquisition and Disposition of Property, Plant and Equipment ， etc.

Investment: equilibrium and no-arbitrage asset pricing theory in discrete time, and application of finance theory in investment.