This is a required class for students of the quantitative finance program. The purpose of the class is twofold. On the one hand, we study macroeconomic concepts and theories. On the other hand, we will apply these theories to understand macroeconomic events happening in China as well as in the world.

Microeconomics is one of the most important subjects with strong relevance to managerial decision making and public policy designing. This course aims to equip students with a thorough understanding of the basic core materials of microeconomics. The lectures will cover consumer behavior, firm production and market.

By taking this course, students will be exposed to various topics related to household finance and financialmarkets, including using different methodologies and different applications in China and in the US.

This course combines theoretical modelling, institutional settings, andempirical analysis to understand how securities are traded. The first part of this courseintroduces modern financial markets and key players. The second part goes over basic theoretical models ofmarket microstructure. The last part examines informational efficiency and aggregation in financial markets.

The goals of this course are to describe important fixed income securities and markets, and develop tools for valuing fixed income securities and managing interest rate risk. Thecourse covers traditional bonds and term structure concepts as well as fixed income derivatives and interest rate modelling.

Financial Econometrics course will review key issues in modelling Asset Pricing and Corporate Finance problems. I will also touch on incorporating modern machinelearning techniques into classical econometric testings. The course is usefully in testingfinancial theories as well as industry-oriented tasks such as building a portfoliorecommendation system.

This course aims to enable students to have a comprehensive and solid grasp of the longand complicated process of M&As from management perspective. The M&A processtypically begins with a firm's strategic motivation, involves target selection, due diligence,negotiation, announcement, and post-acquisition integration, among other stages.

The objective of this course is to provide an understanding of entrepreneurs’ financing decisions from the perspectives of both the entrepreneurs and the investors - venture capital and private equity. This course will address how to evaluate entrepreneurial business opportunities, structure financial decisions, and realize returns through IPO and M&A.

This graduate course provides an introduction to FinTech such as blockchain, cryptocurrencies (e.g., Bitcoin and Ethereum), alternative lending, machine learning, androbo-advising. Students are expected to develop a broad understanding of the recent fintech development and its impact in the financial industries.

This course aims to provide students with a solid understanding of a wide range of key concepts and analytical tools. Topics include valuation principles, risk and return analysis, optimal portfolio choices, stock, bond, and derivatives valuations, cost of capital, financial statement analysis, efficient market, and market anomalies, etc.

This course offers the financial theory and quantitative tools needed to determine stock and bond prices, and how financial assets are used for investment decisions. Topics include modeling the relation between risk and return, optimal mean–variance portfolio selection, asset pricing models, money management, and more. 

This course offers the financial theory and quantitative tools necessary for understanding how stock prices are determined, and how financial assets are used for investment decisions. Topics covered include modelling the relation between risk and return, optimal portfolioselection based on mean–variance analysis, asset pricing models, money management and more.

The purpose of this course is to study the concepts and tools required to price and manage risk of fixed income securities and portfolios. We discuss basic fixed income securities and fixed income derivatives with a focus on popular interest rate models used to value them. The emphasis is on practical applications of the analytical concepts to real data and securities.

This course is designed to provide students with a comprehensive understanding of financial accounting principles, practices and its underlying theories. In this course, we will emphasize basicfinancial accounting concepts and principles, discuss how to measure a company’s net income, assets, liabilities, shareholders’ equity, and cash flows, and how to prepare financial statements.

We will examines academic literature onvarious issues in international finance, and learns how theoretical models are used to explain (or moreinterestingly at times, weren’t able to explain) stylized empirical facts. On the other hand, each student willexplore one specific topic of interest, learn broadly about relevant background facts and identify possiblefuture research topics.

This course is an introduction into the workings ofChinese financial markets and institutions, the main content of the course focuses on thefinancial market and the financial system with China’s characteristic features.

This course will teach applied econometrics skill, including OLS, panel data,instrument variable regressions and so on, and applications to Chinese real estate market, thelargest share of GDP and its financial market. The class also teach the structure of writing anempirical paper. The course is about tools application, not math derivation.

Students need to have completed the following course: “Financial Economics” before taking this course. This course focuses on “valuation,” i.e., understanding the value implications of investment and financing decisions that firms make, including analyzing financial statement and evaluate corporate projects. 

Ethical issues in business represent one part of the moral territory we must navigate in all of our daily activities. This course will focus not only on the particular demands of business but also analyze these in relation to how we weigh the competing interests and values confronting us in the larger world in which our work lives are embedded.

This course is designed to introduce you to academic writing in English. It is an initial engagement with the processes which you will require for your final year dissertation, as well as fulfilling other written assignments during your study at PHBS.

This condensed course covers basic mathematics concepts required for other advanced courses in Business School. The possible topics to be covered include calculus, optimization, linear and Matrix algebra, statistics, and probability theory. The course is intended to be a refresher of math knowledge that students have learned during undergraduate studies or elsewhere.