The course provides a brief overview of the financial system and introduces students to three basic ideas of finance: the time value of money, diversification, and arbitrage. The purpose of the course is to help students understand the fundamentals of financial transactions, institutions and markets including money markets, stock markets, derivative markets and contracts. It creates a foundation for future studies in finance.
In this course, we will conduct class discussions using case studies in order to achieve the learning goals. The students attending this course may be required to write a preparatory report and must participate in the class discussions.

*本学の教育ミッションを具現化する形で設定されています。

After fulfilling all the requirements of the course, students are able to:
• Understand the fundamentals of financial transactions, institutions and markets, including money markets, stock markets, foreign exchange, derivatives markets and contracts.
• Understand the concepts of the time value of money.
• Value stocks and financial instruments, and make investment decisions.
• Understand the concepts of diversification, including the relationship between risk and return.
• Understand the ideas behind arbitrage and its applications on risk management.

教育手法 Teaching Method		% of Course Time
インプット型 Traditional		0 %
参加者中心型 Participant-Centered Learning	ケースメソッド Case Method	50 %
	フィールドメソッド Field Method	50 %
合計 Total		100 %

From week one to week seven, lectures are given in a flexible 200-minute session per week, which will provide students with the basic concepts of finance. In addition, practice questions, quick quizzes, and cases are set to help students consolidate their understanding.
Students need to get familiar with the basic functions of Microsoft Excel. Data for case analyses will be delivered through Google Classroom, including detailed instruction.
Students are required to discuss in-class cases and case assignments. There is no fixed solution for case problems. Decisions are made based on sound financial assumptions and an in-depth analysis of the situation. The purpose of the case method is to help students define and address problems, collaborate with other students to give the best solution, and suggest the best course of actions.

*成績は下記該当項目を基に決定されます。
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。

講師用内規準拠 Method of Assessment	Weights
コールドコール Cold Call	0 %
授業内での挙手発言 Class Contribution	60 %
クラス貢献度合計 Class Contribution Total	60 %
予習レポート Preparation Report	0 %
小テスト Quizzes / Tests	0 %
シミュレーション成績 Simulation	0 %
ケース試験 Case Exam	0 %
最終レポート Final Report	40 %
期末試験 Final Exam	0 %
参加者による相互評価 Peer Assessment	0 %
合計 Total	100 %

評価の留意事項　Notes on Evaluation Criteria

This course follows the case study teaching method. It has NO exams. The assessment is divided into 2 sections, Class participation and Report. Class participation includes Class engagement & quizzes. Class engagement is marked on how students prepare for the course contents & cases, and how they raise questions, respond to the questions and discuss the solution. However, students who disturb other students, or do other activities rather than engaging in class activities will receive a maximum of 40% (instead of 60%) for Class participation.

Quizzes will be given during the class, including detailed instruction. The grade for each quiz depends on the number of quizzes. The final report will account for 40% of the total assessment, including questions and case discussion.

Hints: Do not wait until the announcement of the final report and prepare for it. Preparations should begin from the first lecture.

A. Class participation (60%)
1) Class engagement: Continuous
2) Quizzes: TBA
B. Report (40%)
1) Final report

• Titman, S., Martin, T., Keown, A., and, J. Martin「Financial Management: Principles and Applications, 7th Edition」Pearson Education（2016）9781486019649

Lecture Notes (required):
This course will use lecture notes. They are distributed to students through Google Classroom. The notes might be concise, so students are recommended to take notes during class.
Case Studies (required):
There will be seven case studies for the course. They will be distributed via Google Classroom. Students need to prepare to discuss the cases in advance.

There will be marking criteria for take-home assignments. Marking strictly follows marking criteria. Feedback will be provided via lectures following the assessment of assignments. Students are also encouraged to arrange an appointment with the instructor to obtain more detailed feedback/advice on the marked assignment.

Refereed Articles

• (2019) Does seller status matter in inter-corporate asset sales?. Journal of Banking & Finance 100 0378-4266
• (2018) Asset sales and subsequent acquisitions. International Review of Financial Analysis
• (2018) The Role of Independent Expert Reports in Australian M&A Market. International Review of Finance 18(2): 1468-2443