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This
is the former BA 442 Investments Class
BA 341 – Investments
Instructor: Professor Raymond M. Brooks
Phone: 541-737-3692
Office: Bexell 430
Email: brooksr@bus.oregonstate.edu
Prerequisites: BA 340
(click on Syllabus for
current term)
Course Overview:
“Risk and reward characteristics of investments; sources of investment information; domestic and international security markets; investment characteristics of common stocks, debt securities, convertible securities, option contacts, and investment companies; real property investment; economic market analysis; technical market analysis; tax aspects of investments; and investment management.” – course catalog
The objective of the course is to introduce students to the basic questions about investments. We will discuss the primary features and valuation of financial securities issued by corporation to finance their activities (e.g. stocks and bonds) and the secondary instruments which market participants have created based on these securities (e.g. mutual funds and derivatives). We will also look at the valuation of these securities and the markets in which they are traded.
By the end of the course, you should be able to:
1. Collect, analyze, and report financial data.
2. Articulate the principles of modern portfolio theory and allocate assets efficiently to maximize the risk-reward trade-off.
3. Articulate the principles of asset pricing models and demonstrate and employ the Capital Asset Pricing Model.
4. Conduct analysis of equity securities using fundamental and (to some extent) technical analysis.
5. Describe the basics of fixed income securities, their markets, and the roll of term structure of interest rates in their analysis.
6. Describe the basics of derivative securities, including their markets, valuation, and use in elevating/diminishing risk within a portfolio.
Materials Needed:
The textbook for this course is Fundamentals
of Investments: Valuation and Management by
ISBN: 0-07-302721-9.
A calculator with exponents and roots will also be needed. This need not be a ‘financial calculator’, though it certainly can be. The TI BAII Plus Advanced Financial Calculator would be a fine choice, though there are many others.
Academic Integrity:
Please review Academic Regulations number 15 in your schedule of classes.
Students assume full responsibility for the content and integrity of the academic work they submit. The guiding principle of academic integrity shall be that a student’s submitted work, examinations, reports, and projects must be that student’s own work. Students shall be guilty of a violation if they:
Represent the work of others as their own.
Use or obtain unauthorized assistance in any academic work.
Give unauthorized assistance to other students.
Modify, without instructor approval, an examination, paper, record or report for the purpose of obtaining additional credit.
Misrepresent the content of submitted work.
Special Needs
Accommodations are collaborative efforts between students, faculty and Services for Students with Disabilities (SSD). Students with accommodations approved through SSD are responsible for contacting the faculty member in charge of the course prior to or during the first week of the term to discuss accommodations. Students who believe they are eligible for accommodations but who have not yet obtained approval through SSD should contact SSD immediately at 737-4098.