基本情報/Basic Information

遠隔授業（授業回数全体の半分以上）の場合は、科目名の先頭に◆が付加されています（2023年度以降）

開講科目名 ／Course	International Financial MarketsB／International Financial MarketsB
時間割コード ／Course Code	E1G10014_E1
開講所属 ／Course Offered by	経済学部／Faculty of Economics
ターム・学期 ／Term・Semester	2024年度／Academic Year　　第4クォーター／4Q
曜限 ／Day, Period	月／Mon　3
開講区分 ／Semester offered	第4クォーター／4Q
単位数 ／Credits	1.0
学年 ／Year	2,3,4
主担当教員 ／Main Instructor	Nabil Maghrebi／Nabil Maghrebi
科目区分 ／Course Group	_
授業形態 ／Lecture Form	講義
教室 ／Classroom	西２号館Ｅ１０２／E102
開講形態 ／Course Format
ディプロマポリシー情報 ／Diploma Policy	要件年度 ／Required Year 要件所属 ／Course Name ディプロマポリシー ／Diploma Policy DP値 ／DP Point 2020/04 ～9999/04 経済学部 2.専門的知識や技能 5 2020/04 ～9999/04 経済学部 5.地域への関心と国際的視点 5

担当教員情報/Instructor Information

教員名 ／Instructor	教員所属名 ／Affiliation
Nabil Maghrebi／Nabil Maghrebi	経済学部（教員）

授業の概要・ねらい ／Course Aims	International financial markets play the important economic role of channelling savings toward productive investments in order to facilitate the smoothing of consumption by households and capital-expenditure by firms. The efficient allocation of resources in a dynamic economy is affected by the flow of economic information, and the important forces of financial globalization and financial innovation. The examination of complex issues related to the structure and functioning of international financial markets as well as asset pricing aids in understanding the trade-off between risk and return, market efficiency, and the onset of international financial and credit crises. Theoretical issues are considered in light of current developments in financial markets and on the basis of analytical evidence. To gain a better knowledge of international financial markets, students are required to understand the essential theoretical aspects before performing the empirical analysis based on financial and economic databases that provide trading information on many international financial markets. Thus, the second part of the series “International Financial Markets B” focuses on the analytical abilities and critical thinking skills needed for firm valuation, asset pricing and investment decisions.
到達目標 ／Course Objectives	Students are expected to improve the analytical abilities and critical skills needed for the development of global human resources, including: 1. use of appropriate analytical methods in finance 2. understanding the impact of new information on asset pricing in international financial markets 3. construction of critical perspectives on pricing efficiency, and the relation between theoretical and market prices 4. improvement of communication skills adapted to a multicultural work environment
成績評価の方法・基準 ／Grading Policies/Criteria	Problem sets, reports, and participation: 30% Midterm examination: 20% Final examination: 50%
教科書 ／Textbook	Course materials are not based on one textbook only and the reference books cited below are recommended for further reading.
参考書・参考文献 ／Reference Book	Quantitative Methods for Business, Management and Finance, Louise Swift and Sally Piff, Red Globe Press, 4th Edition, 2014 Empirical Asset Pricing: The Cross Section of Stock Returns, Turan Bali, Robert Engle, and Scott Murray, John Wiley & Sons, 2016 Campbell, John Y., Andrew W. Lo, and Craig A. MacKinlay, The Econometrics of Financial Markets, 2nd Edition, Princeton University Press, 2012
履修上の注意 ・メッセージ ／Notice for Students	Please note that this series of lectures will be conducted in English. 本授業科目は英語で行われます。
履修する上で必要な事項 ／Prerequisite	「Foundations of Finance」 is a pre-requisite for courses on 「International Capital Markets」.  Preferably, basic understanding of the principles in microeconomics, macroeconomics, and statistics will be useful as well. 　本授業科目を履修する条件は”Foundations of Finance”単位が取得済みである。
履修を推奨する関連科目 ／Related Courses	It is preferable to register to “International Financial Markets A” before attending “International Financial Markets B”. Students interested in the program on "Global Business and Economy" are advised to attend "Foundations of Finance" prior to registration to this course.
授業時間外学修についての指示 ／Instructions for studying outside class hours	Students are required to review the contents of previous lectures, and solve some problem-sets, which serve to improve their level of knowledge and understanding.
その他連絡事項 ／Other messages	Lectures will be held on the basis of in-person classes, and using Moodle and Teams depending on the number of students.
授業理解を深める方法 ／How to deepen your understanding of classes	To increase knowledge and understanding, students are encouraged to develop the critical thinking abilities by raising questions and making inquiries about the pricing factors and risks in international financial markets.
オフィスアワー ／Office Hours	Monday 12:30-13:00 Faculty of Economics Maghrebi Research Office 425 月曜12時30分‐13時00分 経済学部 西3号館 マグレビ425研究室
科目ナンバリング ／Course Numbering	E07062E91001G212，E07062E91001A212

No.	回（日時） ／Time (date and time)	主題と位置付け ／Subjects and instructor's position	学習方法と内容 ／Methods and contents	備考（担当） ／Notes
1			Overview of analytical methods in finance
2			Distribution properties of market returns
3			Empirical tests of market efficiency
4			Pricing trends in options and futures markets
5			Analytical tests of market volatility
6			International portfolio risk analysis