This Tsinghua University course (graduate-level) is a part of the Global Hybrid Classroom (GHC) Certificate program.
The program of Advanced Topics in Finance includes four courses: Valuation, Mergers and Acquisitions, Financial Data Analysis Methods and Applications, and Introduction to Fintech, as an extension of finance-related knowledge on top of the study of the fundamentals of finance. The former two courses are mainly related to corporate finance and primary market investment and financing, while the latter two are mainly related to the secondary capital market.
The program will cover a large amount of financial theoretical knowledge, latest capital market case studies, classic theories and methods, as well as the frontiers of finance and capital markets. Based on general knowledge of international capital markets, the program will take into account the reality of Chinese capital markets. Students are expected to understand how to become the elite of capital market operation from theory to practical operation.
Requirements:
- The program will be taught in English, and students are required to be proficient in English.
- Students are encouraged to take the following courses before applying to the program: Principles of Economics, Principles of Finance, university-level Mathematics and Basic Statistics.
“Advanced Topics in Finance” certificate is compromised of 4 courses:
Financial Data Analysis is a course for master’s students who are interested in applying real data to test classical asset pricing theories and in the applications of commonly used and advanced econometric methods to financial problems. This course will more focus on the empirical analysis methods under financial background, and also related issues and solutions. This course mainly contains two parts: “econometrics method” and “empirical asset pricing”. The first part introduces cross-sectional models, time series models, and panel data models, and discusses how to solve endogeneity problems. The second part introduces how to apply real data or simulation methods to test classical financial theories, including equity valuation, portfolio management analysis, CAPM model, Fama-Macbeth regression, Fama-French-Carhart factor model, Arbitrage Pricing Theory, and multi-factor pricing models for fixed income securities. Finally, the course will introduce trading strategies based on factor models, risk management topics, and commonly used machine learning techniques.
Financial Data Analysis syllabus (Autumn).pdf
assistant professor of Finance, School of Economics and Management, Tsinghua University
Shuo LIU is currently an assistant professor of Finance in the School of Economics and Management at Tsinghua University.
He received a Ph.D. in Economics from the University of California, Los Angeles. During his study at UCLA, he worked as an intern at International Monetary Fund, Washington DC, and Federal Reserve Bank in St. Louis.
His research interests include over-the-counter markets, corporate bond pricing, financial intermediation, and asset pricing. He teaches empirical finance (undergraduate level), financial economics (undergraduate level), and financial data analysis and application (graduate level).
M & As are an important strategic behavior for the rapid development and value promotion of modern firms. How to realize firm value 1 + 1 > 2 and 1-1 > 0 through corporate M & A and restructuring activities? The course will comprehensively introduce the motivation of M & As, the practical operation process of M & A deals, and how to make scientific and optimal decisions of an M & A transaction. The course will include 8 modules: M & A motivation, due diligence, M & A transaction structure design, M & A valuation, corporate control right design and competition, post transaction integration, other firm restructuring methods, and the new trend of M & A transactions and industrial development under the transformation of digital economy. The course builds a complete knowledge system of M & A through 8 modules. The course not only includes the basic theoretical knowledge related to M & As, but also will lead you to understand how Geely Automobile, a Chinese private enterprise, evaded capital market risks and successfully acquired Daimler, the parent company of Mercedes Benz automobile, a major international company; How did a Chinese firm acquire the world’s largest listed company of Kerr health products in Canada; How did Cisco, an internationally renowned high-tech company, maintain 30 years of global technology leadership through collaborative M & A with Sequoia Capital’s “listed company + PE” for many years. Finally, the course will help you understand from theory to practice how firms can enhance and create value through M&A and corporate restructuring, and become an expert of capital markets.
Mergers and Acquisitions syllabus (Spring).pdf
Full Professor in Finance, School of Economics and Management of Tsinghua University
Full Professor in Finance of Tsinghua SEM; Deputy Chair of the Department of Finance, SEM, Tsinghua University; Academic Director of TIEMBA (Tsinghua-INSEAD EMBA); Deputy Director of Corporate Governance Center of Tsinghua University; Associate Editor of Pacific-Basin Finance Journal (SSCI index included journal); Editorial board member of Corporate Governance: An International Review (SSCI index included journal); Obtained “Outstanding Youth Science Fund” from the National Natural Science Foundation of China; Obtained “Tsinghua University Academic Newcomer Award”
Professor Yao Lu received her Ph.D. in Business Economics from Ross School of business, University of Michigan-Ann Arbor, USA; before that, she received Master’s degree in Statistics and Financial Engineering from the Stern School of Business, New York University.
Her main research focuses on corporate governance, M&As, corporate investment, financing and restructuring, and capital market reform, development and globalization. Her teaching courses include Corporate Governance (EMBA, MCFO, MBA), Corporate Finance (MBA, Master of Finance), M&As (MBA, Master of Finance, MOOC), etc.
This course focuses on corporate valuation for making decisions to invest in business. It provides you with methods of fundamental analysis that will be discussed in details and applied in cases involving listed companies, private companies, equity issuances and acquisitions and restructurings. This course is highly recommended for students who intend to pursue a career in investment banking (particularly in equity research), security analysis, venture capital, and private equity. It will also help with personal investing. By the end of the course, the student should feel competent in writing a thorough and credible equity research report or investment analyses that meet the highest standards of professionalism.
Corporate Valuation syllabus (Spring).pdf
Full Professor in Finance, School of Economics and Management of Tsinghua University
Full Professor in Finance of Tsinghua SEM; Deputy Chair of the Department of Finance, SEM, Tsinghua University; Academic Director of TIEMBA (Tsinghua-INSEAD EMBA); Deputy Director of Corporate Governance Center of Tsinghua University; Associate Editor of Pacific-Basin Finance Journal (SSCI index included journal); Editorial board member of Corporate Governance: An International Review (SSCI index included journal); Obtained “Outstanding Youth Science Fund” from the National Natural Science Foundation of China; Obtained “Tsinghua University Academic Newcomer Award”
Professor Yao Lu received her Ph.D. in Business Economics from Ross School of business, University of Michigan-Ann Arbor, USA; before that, she received Master’s degree in Statistics and Financial Engineering from the Stern School of Business, New York University.
Her main research focuses on corporate governance, M&As, corporate investment, financing and restructuring, and capital market reform, development and globalization. Her teaching courses include Corporate Governance (EMBA, MCFO, MBA), Corporate Finance (MBA, Master of Finance), M&As (MBA, Master of Finance, MOOC), etc.
This graduate course provides an introduction to FinTech including topics such as blockchain and cryptocurrencies. Students are expected to develop a broad understanding of the recent FinTech development and its impact in the financial industries especially through mutual fund and hedge fund investment. Topics may include but are not limited to: blockchain and cryptocurrencies, Bitcoin, Ethereum, and mutual funds investment. After successfully completing this course, students will be able to understand recent FinTech developments and describe the technologies underlying cryptocurrencies and blockchains and make investment through managed funds.
Introduction to FinTech syllabus (Spring).pdf
Associate Professor, Department of Finance, School of Economics and Management, Tsinghua University
Jiang Lei (Associate Professor) joined the Department of Finance in School of Economics and Management at Tsinghua University in 2011. His academic research fields include empirical asset pricing, investment and Fintech. Specifically, he study mutual funds, stocks and cryptocurrency based on Financial Econometrics, Machine Learning and other methods to explain and predict the expected return, liquidity and other important properties of the assets.
Global Hybrid Courses (GHC) is currently open to current students from overseas partner universities of Tsinghua University, and it’s free. If your university (instructor or students) would like to join the program and experience what it is like to teach and learn in a truly global classroom, please contact the Assistant Secretary-General of the Global MOOC Alliance at [email protected] or [email protected].
How to attend our GHC courses?
- Tsinghua University will send the list of GHC courses to overseas partner universities every semester. These universities will notify students to enroll and priority will be given to students eager to take part
- Students from overseas partner universities have to complete the courses required by the GHC Certificate within a specified time. After completing each course, they will receive a GHC transcript issued by Tsinghua University.
- Students from overseas partner universities attending Tsinghua’s postgraduate courses, whose own universities do not allow for credit transfer, can enjoy credit exemption if they study for postgraduate degrees at Tsinghua University in the future.
How to apply for the certificate upon completion of the required courses?
- Please send your name, university, and GHC transcripts to us at [email protected]
