Program Required Courses

Date: 23 Apr 2023

Required Course

FTEC 5040

Financial Technology Research

3 Credit(s)

Description

The objective of this course is to provide students with an extensive exposure to important research in financial technology and a rigorous training in related research methodologies. Main topics include cryptocurrencies, blockchain, P2P lending, crowdfunding, robo-advisors, regulatory technology (RegTech), and insurance technology (InsurTech). This course also enables students to gain an appreciation for how research in financial technologies improves traditional financial services and overcomes various difficulties inherent in the current financial system.

PQE Courses

FTEC 5101

Microeconomic Theory *

3 Credit(s)

Description

This is a course in graduate level microeconomic theory for PhD students in financial technology and other related fields. This course covers topics including consumer theory, producer theory, uncertainty, general equilibrium,and matching. The required background knowledge for the course are intermediate microeconomic theory and mathematics through calculus of several variables and introductory real analysis. Additional mathematical tools will be explained briefly as the course proceeds. This course serves as the first rigorous training in economics and finance and helps lay down a solid foundation in economic modelling for future research.

FTEC 5030

Statistical Methods for Financial Technology *

3 Credit(s)

Description

This course will survey modern financial technology, through the lens of statistics, which is the science of the analysis of data. Students will learn how statistical methodology, in conjunction with advances in technology, is used to efficiently acquire, utilize and interpret data, as it relates to innovations in the financial services sector. This course will develop skillsets for Big Data analytics and Predictive modelling, for better understanding of the financial markets.

FTEC 5031

Advanced Probability Theory *

3 Credit(s)

Description

The course will give students a deeper understanding of the foundations of probability theory, such as probability theory from a measure-theoretic perspective, convergences of distributions and probability measures, and conditional expectations. During the course, important theorems, such as Radon-Nikodym theorem, Fubini theorem, and general central limit theorems, will be investigated.

FTEC 5032

Optimization Theory *

3 Credit(s)

Description

The objective of this course is to provide students with optimization theory and concepts. Main topics cover linear optimization, simplex method, duality theory, convex analysis, and dynamic programming. The emphasis will be on methodology, modelling techniques and mathematical insights.

FTEC 5100

Research in Corporate Finance *

3 Credit(s)

Description

This course introduces the main issues in corporate finance, identifies principal theoretical tools and empirical approaches, and fosters thinking about current research questions. The theoretical part includes classic theories such as Modigliani‐Miller theorem, Coase theorem, and Fisher separation theorem, with a focus on financing decisions of firms, corporate governance, and their implications. The empirical part reviews econometric methods commonly used in corporate finance research and covers selected topics.

FTEC 5110

Research in Asset pricing *

3 Credit(s)

Description

This course addresses issues in both theoretical development and empirical studies of asset pricing. The theoretical part covers portfolio theory, arbitrage pricing theory with large numbers of assets, the intertemporal asset pricing model and the production-based asset pricing model. Topics related to derivative pricing are also covered. The empirical part covers asset return predictability, volatility-return relationship, asset pricing testing methodology, popular factor models used by practitioners and empirical findings in derivative markets.

* PQE required. Register in the first year.

NEXT NEWS

Headline News

Cross-disciplinary Core Courses

2 Credits UCMP 6010 Cross-disciplinary Research Methods I 2 Credit(s) Description This course focuses on using various approaches to perform quanti...

20 Apr 2023