MBA 640 Investment Management
F1P 2010 MB
Al Rahahleh, Naseem M.
Assistant Professor of Finance
Ph.D. - University of New OrleansM.S. - University of New Orleans
Monday-Wednesday-Thursday 9:00 am – 12:00 noon OR by appointment
5:30 - 9:50 PM
FI 360 (Formerly FI 640)
Reference Textbook (Optional): Essentials of Investments, 8th Edition, Zvi Bodie, Alex Kane, and Alan J. Marcus, McGrow-Hill, ISBN-13: 9780077339180.
Textbooks can be purchased through the MBS bookstore
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Learning Outcomes: Core Learning Outcomes
There will be two exams during the semester (Midterm and final). All exams are closed book/closed notes. The final is comprehensive in nature and will take place as indicated on the class schedule. All exams will contain problem and essay-type questions (and possibly a few multiple-choice questions and short questions (True or False). Make-up exam can only be given before the actual exam. Unless there is a reason beyond your control, e.g. automobile accident, medical excuse, you are expected to take the exam with the rest of the class. However, if you absolutely cannot make it then you must let me know before the exam.
Your participation grade is based on the quality of your inputs into class discussions and your attendance. Your attendance is required. Students are expected to attend all classes regularly and punctually. Parking is often a hassle; allow enough time for it. Lectures will start promptly at 5:30pm and finish at 9:50pm. Please enter the classroom with as little disruption as possible. Two late arrivals will count as one unexcused absence. My expectation is that you do not leave the classroom in the middle of a lecture. Please prepare yourself for this. Your class participation will count 5% of your course grade. Participation is important to understanding the course material, so I will be monitoring your participation throughout the course. Students missing more than two classes should reflect on their commitment to this course. Absences for emergency and illness must be done prior to the next class period to be excused. If you miss a class you are responsible for the material that was covered, as well as any announcement that may have been made in the class.
Portfolio Management Project
The purpose of this exercise is to establish a profitable portfolio. At each step of your decision process, you need to justify your decisions. Your pool of possible candidates for your portfolio is not limited. However, the Company should not be a bank or a financial institution of any kind including insurance companies. The project should contain 10-15 typed pages as well as a presentation of main findings. You should answer all questions and show your work.
Late Submission of Course Materials:
Classroom Rules of Conduct:
If you do not understand the material, it is your responsibility to ask questions. Students are encouraged to ask questions during lecture and after lecture to receive clarification about the material we have just covered. You can also see me during my office hours.
Week 1: Aug. 19, 2010
Introduction: Investment Setting and Overview of Security types.
Ch. 1: A Brief History of Risk and Return
Ch. 3: Overview of Security Types
Capital Asset Pricing Model (CAPM) and Multifactor Models
Ch. 12: Return, Risk, and the Security Market Line
Week 2: Aug. 26, 2010
Market Efficiency, Behavioral Finance, and Technical Analysis
Ch. 7: Stock Price Behavior and Market Efficiency
Ch. 8: Behavioral Finance and the Psychology of Investing
Week 3: Sep. 2,2010
Asset Allocation and Efficient Diversification
Ch. 11: Diversification and Risky Asset Allocation
Week 4: Sep. 9, 2010
Equity valuation and equity portfolio Management
Ch.5:The Stock Market
Ch.1, 3, 7, 8, 11, 12, 13
Week 5: Sep.16, 2010
Equity valuation and equity portfolio Management
Ch.6:Common Stock Valuation
Interest Rates, Bond Valuation, and Bond Portfolio strategies
Ch. 9: Interest Rates
Week 6: Sep. 23, 2010
Ch. 10: Bond Prices and Yields
Options, Options Valuation, Futures
Ch. 15: Stock Options
Week 7: Sep. 30, 2010
Options, Options Valuation,
Ch. 16: Option Valuation
Ch.14: Futures Contracts
Week 8: Oct. 7, 2010
Final Exam: Comprehensive
Academic Honesty:As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2010-2011 Graduate Catalog Page 20
Plagiarism involves the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct. Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.
Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.
Park University 2010-2011 Graduate Catalog Page 20
Instructors are required to maintain attendance records and report absences. Excused absences can be granted by the instructor, for medical reasons, school sponsored activities, and employment-related demands, including temporary duty. Students are responsible for any missed work. Absences for two successive weeks, without approved excuse, will be reported to the Director of the individual graduate program, or to the Executive Director for the Graduate School, for appropriate action. Students with such a record of absences, without an approved excuse, may be administratively withdrawn from the class and notified that an "F" will be recorded, unless the student initiates official withdrawal from the class(es).Park University 2010-2011 Graduate Catalog Page 24
Disability Guidelines:Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .
Last Updated:8/3/2010 4:29:50 PM