Basic theory and applications of economics; a framework for analyzing issues in investment and corporate finance, using relevant economic concepts; fundamental concepts in microeconomics and macroeconomics, theory of demand and supply, theory of production and cost, market structure and economics of information, decision-making under risk and certainty; national income accounting, employment, inflation, money and interest rate, aggregate demand and aggregate supply analysis, fiscal and monetary policies; relevant economics concepts on the issues in financial markets, such as financial crisis

Financial system and financial markets; asset classes and financial instruments; money markets, capital markets, equity markets, debt markets, international financial markets, securities trading; financial institutions

Business ethics; corporate governance; the CFA Institute Code of Ethics and Standards of Professional Conduct for investment professionals

Descriptive and inferential statistics; fundamentals of statistical probabilities and distributions, random sampling, one-sample hypothesis testing and confidence intervals; simple and multiple linear regression; correlation analysis, analysis of variance, chi-square applications

Statistical and mathematical techniques to solve problems in finance; time series versus cross-sectional data, cross-sectional versus panel data; univariate time series modeling and forecasting; econometrics software in estimating the models, the interpretation of the estimation results

Valuation and application of various fixed income securities and their derivatives, Sustainability-Linked Bond, bond analysis, term structure of interest rates, risks of fixed-income securities, interest rate risk management; bond portfolio management

Theoretical and practical view of derivatives; different types of derivatives; futures, forwards, swaps, options; concept of trading and hedging strategies using derivatives; roles of derivatives in risk management, Climate Risk.

Modern portfolio theory, Efficient Market Hypothesis and its implications, Capital Asset Pricing Model (CAPM), arbitrage pricing theory, and more general factor models.

Foundations of private wealth management; communication with client, understanding clients’ financial psychology, investment planning, insurance planning, tax planning, estate planning, retirement planning

Concepts and process of investment portfolio management in order to meet the financial objectives of institutional investors; gathering information of clients’ needs, drafting investment policy statements, formulating appropriate strategic asset allocation, constructing the investment portfolio, evaluating portfolio performance

Fundamental concepts of behavioral finance; utility theory, market efficiency, anomalies, limits to arbitrage, prospect theory, mental accounting, psychological biases; value versus growth investing, momentum investing  

Foundation of financial risk management; valuation and risk models of various financial instruments; market risk measurement and management for financial institutions

Foundation of credit risk measurement and management; credit derivatives, credit risk modeling, credit scoring, credit risk management for financial institutions

Sustainability, climate change, and social equity issues and challenges facing financial industry; roles of finance in obtaining Sustainable Development Goals (SDGs); climate and sustainable finance; carbon pricing mechanism; sustainable financial instruments and related taxonomies; effect of ESG (Environmental, Social, and Governance) on financial decision

Concepts of financial feasibility study of various business projects; business models and market feasibility, operational feasibility, human resource feasibility, financial feasibility; business feasibility reports and presentation

Financial technology (Fintech) and its roles on the improvement and automation of traditional financial services; decentralized finance (DeFi); digital assets and cryptocurrency, blockchain technology

Analysis of financial data using Python and R coding to make informed financial decisions; application of data analytics for finance; quantitative trading strategies, such as high frequency trading, risk modeling, machine learning, artificial intelligence (AI), text mining

Theoretical foundations of market microstructure; various types of market structures, types of traders, behavior of informed traders, price discovery, liquidity and volatility, various transaction cost measures; empirical evidence of market microstructure in Thai and other financial markets

Basic knowledge for implementing various financial models in Excel; standard financial models in corporate finance, portfolio management models, options pricing models, fixed income management models

Corporate financial theory and applications to optimal corporate finance decisions; cost of capital and capital budgeting; advanced theories on capital structure and payout policies; complex corporate securities, securitization, real options, going public, corporate restructuring, merger and acquisition valuation, buyout valuation, corporate governance, corporate control

Investment banking businesses; corporate valuation, equity and fixed-income underwriting businesses, asset securitizations, mergers and acquisitions (M&A), leverage buyouts (LBOs), corporate restructuring; legal, ethical, and governance issues in investment banking businesses

International financial environment and the problems in the management of international finance; exchange rate systems, the international money market; sources of funds for exporters, importers and international investors; management of foreign exchange rate risk for businesses; management of assets, liabilities and capital structures

Process and methodologies in finance research; research design, literature review and hypothesis development, selecting appropriate research methodologies; programming Skills for finance research

Essential topics in financial and investment analysis for financial analysts and fund managers; ethics in finance, financial accounting, financial products, quantitative analysis, portfolio management; preparation for Chartered Financial Analyst (CFA®) Level I exam

Essential topics in financial and risk analysis for risk analysts and risk managers; financial markets, financial products, quantitative analysis, valuation, measuring and managing risk, investment management; preparation for Financial Risk Manager (FRM®) exam

Major topics for financial advisors; investment planning, risk and insurance planning, tax planning, income and retirement planning, estate planning, education planning; preparation for CFP® exam

Special and contemporary topics in finance determined and announced by the School before the beginning of each semester. Prerequisite: At the instructor’s discretion