Course overview The focus of this course is on financial theory and empirical evidence that are useful for investment decisions. The topics include: Financial theory: This include portfolio theory, CAPM, APT, discount factor model, they are important for decision-making in investments;

Capital allocation The choice of proportion in safe asset and proportion in risky asset; Most institutional investors follows top- down analysis---The first part is asset allocation and the next part is security selection decision

Arbitrage Pricing Theory Arbitrage-arises if an investor can construct a zero investment portfolio with a sure profit Since no investment is required, an investor can create large positions to secure large levels of profit

INVESTMENTS Fourth Edition Efficient Market Hypothesis (EMHD Do security prices reflect information Why look at market efficiency Implications for business and corporate finance Implications for investment

复旦大学：《用经济学智慧解读中国》PPT课程讲义_第3、4讲 中国的社会转型（用大历史观看中国社会转型、转型中的社会冲突与制度改进）

复旦大学：《用经济学智慧解读中国》PPT课程讲义_第6、7讲 中国农业组织变迁（演化、问题与改进）

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复旦大学：《用经济学智慧解读中国》PPT课程讲义_第10讲 中国经济市场化改革的得与失

复旦大学：《用经济学智慧解读中国》PPT课程讲义_第8讲 中国社会运行成本问题

复旦大学：《货币经济学》课程教学资源（论文）美国量宽政策的就业效应与利率变动趋势