1
课程详述
COURSE SPECIFICATION
以下课程信息可能根据实际授课需要或在课程检讨之后产生变动。如对课程有任何疑问，请联
系授课教师。
The course information as follows may be subject to change, either during the session because of unforeseen
circumstances, or following review of the course at the end of the session. Queries about the course should be
directed to the course instructor.
1.
课程名称 Course Title
证券投资学 Security Investments
2.
授课院系
Originating Department
数学系 Department of Mathematics
3.
课程编号
Course Code
FMA303
4.
课程学分 Credit Value
3
5.
课程类别
Course Type
专业核心课 Major Core Courses
6.
授课学期
Semester
秋季 Fall
7.
授课语言
Teaching Language
中英双语 English & Chinese
8.
授课教师、所属学系、联系方
式（如属团队授课，请列明其
他授课教师）
Instructor(s), Affiliation&
Contact
（For team teaching, please list
all instructors）
杨燕，数学系
第一教学楼 313
yangy3@sustc.edu.cn
0755-8801-5914
Yan Yang, Department of Mathematics
Rm313, The first Teaching Building
yangy3@sustc.edu.cn
0755-8801-5914
9.
实验员/助教、所属学系、联系
方式
Tutor/TA(s), Contact
无 NA
10.
选课人数限额(可不填)
Maximum Enrolment
（Optional）
2
授课方式
Delivery Method
习题/辅导/讨论
Tutorials
实验/实习
Lab/Practical
其它(请具体注明)
Other（Please specify）
总学时
Total
11.
学时数
Credit Hours
复习、考试（2 周） 6
Revision & Exam (2
weeks) 6-hours
48
12.
先修课程、其它学习要求
Pre-requisites or Other
Academic Requirements
概率论(或概率论与数理统计)
Probability Theory(or Probability and Statistics)
13.
后续课程、其它学习规划
Courses for which this course
is a pre-requisite
Models and Pricing of Financial Derivatives
14.
其它要求修读本课程的学系
Cross-listing Dept.
金融系 Department of Finance
教学大纲及教学日历 SYLLABUS
15.
教学目标 Course Objectives
本课程将介绍金融投资方面的基本概念和重要理论，重点是介绍证券投资的主要概念以及金融数学入门知识
This is an introductory course on the basic concepts in investment theory. The focus of this course is on the key concepts
in the security investments.
16.
预达学习成果 Learning Outcomes
通过教学使学生初步掌握证券投资的基本概念。
After taking the course，the students should have a basic understanding of security investments.
17.
课程内容及教学日历 （如授课语言以英文为主，则课程内容介绍可以用英文；如团队教学或模块教学，教学日历须注明
主讲人）
Course Contents (in Parts/Chapters/Sections/Weeks. Please notify name of instructor for course section(s), if
this is a team teaching or module course.)
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第一部分 绪论－投资环境，金融工具，证券交易，基金(4 学时)
Part I Introduction
The Investment Environment, Asset Classes and Financial Instruments, How Securities Are Traded, Mutual
Funds and Other Investment Companies
第二部分 资产组合－风险与收益，风险厌恶，最优组合，指数模型(11 学时)
PART II Portfolio Theory and Practice
Introduction to Risk, Return, and the Historical Record, Risk Aversion and Capital Allocation
to Risky Assets, Optimal Risky Portfolios, Index Models
第三部分 资本市场均衡－CAPM 定理, 套利定价，有效市场，技术分析，收益实证(12 学时)
PART III Equilibrium in Capital Markets
The Capital Asset Pricing Model, Arbitrage Pricing Theory and Multifactor Models of Risk and Return, The
Efficient Market Hypothesis, Behavioral Finance and Technical Analysis, Empirical Evidence on Security
Returns
第四部分 固定收益证券－债券价格，利率期限结构，债券组合(9 学时)
PART IV Fixed-Income Securities
Bond Prices and Yields, The Term Structure of Interest Rates, Managing Bond Portfolios
第五部分 证券分析－ 经济行业，权益估值，财务报表(9 学时)
PART V Security Analysis
Macroeconomic and Industry Analysis, Equity Valuation Models, Financial Statement Analysis
第六部分 应用组合－组合业绩，国际分散，对冲基金，积极策略，投资政策(3 学时)
PART VI Applied Portfolio Management
Portfolio Performance Evaluation, International Diversification, Hedge Funds, The Theory of Active Portfolio
Management, Investment Policy
18.
教材及其它参考资料 Textbook and Supplementary Readings
参考教材 Textbook：
投资学（第 10 版） (Investments, 10th edition), 滋维.博迪，亚历克斯.凯恩，艾伦 J.马库斯著，(Zvi Bodie,
Alex Kane, Alan J. Marcus)，汪昌云，张永翼等译，机械工业出版社，2017
其他参考资料 Supplementary Readings：
4
《金融分析及应用》第 3 版，李楚霖，杨明，易江编著，首都经济贸易大学出版社，2014 年
课程评估 ASSESSMENT
19.
评估形式
Type of
Assessment
评估时间
Time
占考试总成绩百分比
% of final
score
违纪处罚
Penalty
备注
Notes
出勤 Attendance
课堂表现
Class
Performance
小测验
Quiz
10%
课程项目 Projects
30%
平时作业
Assignments
期中考试
Mid-Term Test
25%
期末考试
Final Exam
35%
期末报告
Final
Presentation
其它（可根据需要
改写以上评估方
式）
Others (The
above may be
modified as
necessary)
20.
记分方式 GRADING SYSTEM
A. 十三级等级制 Letter Grading
B. 二级记分制（通过/不通过） Pass/Fail Grading
课程审批 REVIEW AND APPROVAL
21.
本课程设置已经过以下责任人/委员会审议通过
This Course has been approved by the following person or committee of authority