Staff
Lecture
Instructor: YAN, Wai-hin(®ï°¶¾Ë)
Office: Esther Lee Building, Room 904
Office Hours: Tuesday 14:00-16:00 or by appointments
Contacts: 2609-8002 or at whyan@cuhk.edu.hk
Venues:
| Instructor: | YAN, Wai-hin(®ï°¶¾Ë) | |
| Office: | Esther Lee Building, Room 904 | |
| Office Hours: | Tuesday 14:00-16:00 or by appointments | |
| Contacts: | 2609-8002 or at whyan@cuhk.edu.hk | |
| Venue: | M5: CKB LT3; | W1-2: ELB LT2 |
Tutorials
| Instructor: | CHEUK, Man-yin |
| Office: | Esther Lee Building, Room 1013 |
| Office Hours: | To be announced. |
| Contacts: | 2609-8234 |
| Venue: | To be announced after add-drop period |
Main References
Mishkin, Frederic S., The Economics of Money, Banking, and Financial Markets, 6h ed., AddisonWesley, 2001.
Young, Leslie and Raymond Chiang, Hong Kong Securities Industry, 3rd ed., The Stock Exchange of Hong Kong Ltd. and The Asia-Pacific Inst. of Business, 1997.
Course Description
This course aims at introducing students (Not for Economics Majors or Minors or students who have taken ECO 3410, 3420, 3520 or GEE 256Q.) to the institutional and practical aspects of the banking and financial sectors of the economy, especially the Hong Kong context. The first part of the course deals with banking, and the topics to be discussed include: money supply, interest rate determination, portfolio choice, management and operation of the banking system. The second part of the course deals with finance, and the topics to -be discussed include: the present value and the return of investment, principle of diversification, stock market movements, initial public offering, and derivatives. Finally, we will have an overview of Hong Kong financial system and its reform, including the linked exchange rate system, banking policy and supervision.
Assessment
| Mid-Term Examination: | 50% |
| Final Examination: | 50% |
Examination will comprise multiple-choice questions and short questions.
Tutorials
Assignments are distributed to you.. Tutor will discuss with you although the all tutorials are NOT compulsory.
Core Chapters
| Mishkin, Ch. 2 | An Overview of the Financial System |
| Mishkin, Ch. 3 | What is Money? |
| Mishkin, Ch. 4 | Understanding Interest Rates |
| Mishkin, Ch. 5 | The Behaviour of Interest Rates |
| Mishkin, Ch. 6 | The Risk and Term Structure of Interest Rates |
| Mishkin, Ch. 10 | The Banking Firm and Management of Financial Institutions |
| Mishkin, Ch. 27 | Theory of Rational Expectations and Efficient Capital Markets |
| Young and Chiang, Ch. 1 | Overview of the Financial System |
| Young and Chiang, Ch. 3 | Hong Kong's Financial Markets |
| Young and Chiang, Ch. 7 | Derivative Instruments - Options, Warrants and Futures |
| Young and Chiang, Ch. 15 | Return, Risk And Diversification |
| Young and Chiang, Ch. 17 | Valuation of Shares |