| 授業名 | Introduction to Finance |
|---|---|
| Course Title | Introduction to Finance |
| 担当教員 Instructor Name | Liu Lian |
| コード Couse Code | NUC453_N24B |
| 授業形態 Class Type | 講義 Regular course |
| 授業形式 Class Format | On Campus |
| 単位 Credits | 2 |
| 言語 Language | EN |
| 学位 Degree | BBA |
| 開講情報 Terms / Location | 2024 UG Nisshin Term4 |
授業の概要 Course Overview
Misson Statementとの関係性 / Connection to our Mission Statement
This course aligns with the NUCB Business School's mission by fostering both creativity and analytical skills in finance. Over seven weeks, students will explore the foundational principles of financial systems, time value of money, firm valuation, risk-return dynamics, risk management, ESG investment, and fintech innovations. Each topic is paired with real-world case studies, allowing students to apply theoretical insights to contemporary financial challenges.
授業の目的（意義） / Importance of this course
In an increasingly complex and interconnected global economy, a solid understanding of finance is crucial for making informed decisions, whether in business management, investment, or policymaking. This course equips students with the essential tools and frameworks to analyze financial systems, assess investment opportunities, and manage risks effectively. By covering fundamental topics like the time value of money, firm valuation, risk management, ESG investment and the role of fintech, students will gain practical skills applicable to various career paths in finance, consulting, and entrepreneurship. The integration of real-world case studies ensures that theoretical knowledge is not only learned but applied to solve actual financial challenges.
到達目標 / Achievement Goal
By the end of the course, students will not only gain a deep understanding of core financial concepts but also develop the strategic thinking necessary to navigate and shape the evolving financial landscape.
本授業の該当ラーニングゴール Learning Goals
*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。
LG1 Critical Thinking
LG2 Diversity Awareness
LG3 Ethical Decision Making
LG4 Effective Communication
LG6 Managerial Perspectives (BBA)
LG2 Diversity Awareness
LG3 Ethical Decision Making
LG4 Effective Communication
LG6 Managerial Perspectives (BBA)
受講後得られる具体的スキルや知識 Learning Outcomes
○ Understand Financial Systems: Explain the structure and functions of financial markets, institutions, and instruments, and their roles in the economy.
○ Apply Time Value of Money Concepts: Calculate cash flows, net present value (NPV), and opportunity costs, and apply these principles to investment decisions.
○ Conduct Firm Valuation: Use the Discounted Cash Flow (DCF) approach to evaluate firms and make informed business and investment decisions.
○ Evaluate Risk and Return: Understand the relationship between risk and return, apply the Capital Asset Pricing Model (CAPM), and assess portfolio diversification strategies.
○ Manage Financial Risks: Gain a fundamental understanding of risk management techniques using financial derivatives such as options.
○ Explore Fintech Innovations: Understand the transformative role of financial technology (Fintech) and evaluate its impact on financial markets and institutions.
○ Understand ESG Investment: Analyze the role of Environmental, Social, and Governance (ESG) factors in investment decisions and assess their growing importance in shaping sustainable financial strategies.
○ Apply Time Value of Money Concepts: Calculate cash flows, net present value (NPV), and opportunity costs, and apply these principles to investment decisions.
○ Conduct Firm Valuation: Use the Discounted Cash Flow (DCF) approach to evaluate firms and make informed business and investment decisions.
○ Evaluate Risk and Return: Understand the relationship between risk and return, apply the Capital Asset Pricing Model (CAPM), and assess portfolio diversification strategies.
○ Manage Financial Risks: Gain a fundamental understanding of risk management techniques using financial derivatives such as options.
○ Explore Fintech Innovations: Understand the transformative role of financial technology (Fintech) and evaluate its impact on financial markets and institutions.
○ Understand ESG Investment: Analyze the role of Environmental, Social, and Governance (ESG) factors in investment decisions and assess their growing importance in shaping sustainable financial strategies.
SDGsとの関連性 Relevance to Sustainable Development Goals
Goal 4 質の高い教育をみんなに（Quality Education）
教育手法 Teaching Method
| 教育手法 Teaching Method | % of Course Time | |
|---|---|---|
| インプット型 Traditional | 30 % | |
| 参加者中心型 Participant-Centered Learning | ケースメソッド Case Method | 70 % |
| フィールドメソッド Field Method | 0 % | 合計 Total | 100 % |
事前学修と事後学修の内容、レポート、課題に対するフィードバック方法 Pre- and Post-Course Learning, Report, Feedback methods
Course Prerequisites
○ Subject topics will be taught using case studies. Pre-reading is essential. It is recommended that participants spend at least 3 hours preparing for each case, including previewing the fundamental knowledge provided in the casebook. Assignment questions will be provided before class to facilitate understanding of related information and relevant case studies.
○ As part of the coursework, each participant needs to have access to a laptop equipped with the specified financial analysis software, such as Microsoft Excel, to ensure active participation in hands-on exercises, financial modeling, and case study analysis, especially during week 2 to week 5.
Class Discussion
○ The course is designed to be highly interactive, with class discussions playing a pivotal role in reinforcing financial concepts. Through these discussions, participants will connect theoretical knowledge with practical financial decision-making.
Feedback Methods
○ Short quiz to be completed before class: feedback provided immediately after answer given
○ During these sessions, participants can discuss their individual progress, seek clarification on any doubts, and obtain personalized guidance.
○ Group essay: Feedback given after submission
○ Subject topics will be taught using case studies. Pre-reading is essential. It is recommended that participants spend at least 3 hours preparing for each case, including previewing the fundamental knowledge provided in the casebook. Assignment questions will be provided before class to facilitate understanding of related information and relevant case studies.
○ As part of the coursework, each participant needs to have access to a laptop equipped with the specified financial analysis software, such as Microsoft Excel, to ensure active participation in hands-on exercises, financial modeling, and case study analysis, especially during week 2 to week 5.
Class Discussion
○ The course is designed to be highly interactive, with class discussions playing a pivotal role in reinforcing financial concepts. Through these discussions, participants will connect theoretical knowledge with practical financial decision-making.
Feedback Methods
○ Short quiz to be completed before class: feedback provided immediately after answer given
○ During these sessions, participants can discuss their individual progress, seek clarification on any doubts, and obtain personalized guidance.
○ Group essay: Feedback given after submission
授業スケジュール Course Schedule
第1日（Day1）
Introduction to Financial System (Financial Market, Financial Institution, and Financial Instrument)●使用するケース
Global Remediation: Funding Future Growth第2日（Day2）
Time Value of Money: Cash Flows Estimation, Opportunity Costs, Net Present Value Calculation●使用するケース
Time Value of Money: A Home Investment Decision Dilemma第3日（Day3）
Valuation of Firms: the Discounted Cash Flow (DCF) Approach●使用するケース
Saito Solar - Discounted Cash Flow Valuation第4日（Day4）
Return, Risk and Capital Asset Pricing Model (CAPM)●使用するケース
1. Diversification, the Capital Asset Pricing Model, and the Cost of Equity Capital;2. Beta Management Company
第5日（Day5）
Introduction to Risk Management Using Financial Derivatives●使用するケース
The Galaxy Dividend Income Growth Fund's Option Investment Strategies第6日（Day6）
ESG Investment●使用するケース
Financing Change, Changing Finance: Should Triodos Invest in Tesla?第7日（Day7）
FinTech●使用するケース
Ant Financial (A)成績評価方法 Evaluation Criteria
*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。
*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 | 5 % |
| 授業内での挙手発言 Class Contribution | 45 % |
| クラス貢献度合計 Class Contribution Total | 50 % |
| 予習レポート Preparation Report | 0 % |
| 小テスト Quizzes / Tests | 10 % |
| 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
教科書 Textbook
- Ronald W. Melicher, Edgar A. Norton「Introduction to Finance: Markets, Investments, and Financial Management」Wile（2016）
参考文献・資料 Additional Readings and Resource
Provided in coursepack
授業調査に対するコメント Comment on Course Evaluation
The course structure and content will be refined and updated based on feedback and recommendations from previous participants.
担当教員のプロフィール About the Instructor
Refereed Articles
- (2024) Climate Change and Corporate Financial Performance. Journal of Risk and Financial Management 17(7): 1911-8066
- (2023) The Effect of ESG performance on the stock market during the COVID-19 Pandemic-Evidence from Japan. Economic Analysis and Policy 79 2204-2296
- (2023) Spillover effect of the RMB and Non-USD currencies after the COVID-19 pandemic: Evidence captured from 30-minute high frequency data. International Review of Economics & Finance 84 1059-0560
- (2022) Smart assessment and forecasting framework for healthy development index in urban cities. Cities 131(Cities): 1873-6084
- (2022) International Competitiveness and Currency Internationalization: An Application to RMB Internationalization. Journal of the Asia Pacific Economy 29(2): 1469-9648