Topic& Professor

Description

Time Value of Money
货币的时间价值

Prof. Dr. M. De Ceuster

This session explores the basics of time value of money calculations. After reviewing the day count conventions, we introduce compounding and discounting at various frequencies including continuous compounding.We alsoexplorevariousannuities.
货币时间价值的基本计算方法：内容涉及天数计算约定、不同频率下的复利和贴现计算，多种年金的计算。

ValuingBondsand Stocks
债券和股票定价
Prof. Dr. M. De Ceuster

In this session we apply annuity formulas to the valuation of stocks and bonds. We introduce basic concepts of bond pricing.

利用年金公式来对债券和股票定价，并介绍关于债券定价的基本概念。

Computing returns & return indices
收益和指数计算

Prof. Dr. M. De Ceuster

This session introduces the calculation of simple returns and continuous returns. We discuss the calculation of average returns (time weighted and dollar weighted returns)

简单收益和连续复利收益计算，并讨论平均收益的计算（时间加权和美元加权）

Descriptivestats&frequencydistributions
描述性统计和频率分布

Prof. Dr J. Annaert

·         Random variables随机变量

·         Probabilities概率

·         Probability distribution function概率分布函数

·         Empirical distribution function; histograms经验分布函数；柱状图

·         Quantiles and moments分位点和动差

Theoreticaldistributions& hypothesis testing
理论性分布和假设检验

Prof. Dr J. Annaert

·         Discrete distributions (uniform, Bernoulli, binomial)离散分布（均匀分布、伯努利分布、二项分布）

·         Continuous distributions (uniform, normal, lognormal, Student’s t)连续分布（均匀分布、正态分布、对数正态分布、学生t分布）

·         Law of large numbers大数定理

·         Central limit theorem中央极限定理

·         Hypothesis tests and confidence intervals: the mean假设检验和置信区间：平均数

Portfolio return & risk; covariance&correlation
投资组合风险与收益；协方差及关联

Prof. Dr. J. Annaert

·         Sum of random variables随机变量求和

·         Covariance and correlation协方差及关联

·         Portfolio returns and risk投资组合风险与收益

Portfolio selection
投资组合

Prof. Dr. J. Annaert

·         Risk aversion风险规避

·         Utility functions效用函数

·         Mean-variance utility & indifference curves均值方差效用函数及无差异曲线

·         MV Capital allocation均值方差资产配置

·         Capital Allocation Line资本配置线

·         Sharpe ratio夏普比率

·         The risk-free asset无风险资产

·         MV portfolio selection均值方差资产组合

·         Tangency portfolio切线资产组合

·         Two-fund separation两基金分离定理

UnivariateRegression
一元回归

Prof. Dr. M. De Ceuster

The basic principles of curve fitting are discussed using various loss functions. Simple regression is developed in excel using the solver and the various regression functionalities.The emphasis is put on interpretingtheregression output.

介绍曲线拟合的基本原则。通过Excel中的规划求解和多种回归函数介绍一元回归。侧重回归结果的分析。

CAPM & Single Index Model
资本资产定价模型及单指数模型

Prof. Dr. J. Annaert

·         Single index model单指数模型

·         Variance decomposition方差分解

·         Estimating beta贝塔系数估参

·         Systematic risk is priced系统性风险定价

·         CAPM: theory资本资产定价模型：理论

·         The market portfolio市场投资组合

·         Security Market Line证券市场线

·         CAPM: empirical testing资本资产定价模型：经验检验

Financial Markets

金融市场简介

Prof. Dr. M. De Ceuster

·         Forward and Futures

·         Options

Interview for Master of Finance applicants in the week of Jan. 5, 2020

·         金融硕士招生面试