The Stock Market (CLOSED)
Proficiency with first-year algebra; some knowledge of investing strategy or corporate finance is strongly recommended.
Students interested in this course might also be interested in Thinking and Problem Solving: A New Look at Mathematics or Introduction to Marketing Communications: How Companies Reach Consumers.
“I loved the enthusiasm and thirst for knowledge that the students all displayed, and the love of teaching by the instructor.” — Davin Liu, 2015
With an increasing complexity, financial markets exert a powerful presence in our lives and are central to the functioning of our economy. What role does the stock market play and how does it function? What factors govern stock market behavior and lead to market booms and busts? How is the price of a company’s stock determined and how does it affect individual investors? This challenging course introduces the basic financial principles necessary to understand the role of the stock market in our economy and in our personal lives.
Class time is divided between lecture and lab. Participants assume the role of money managers in order to gain an understanding of financial markets as they manage their own portfolio of stocks in a session-long stock market simulation game. Stock options and future contracts are added to the portfolio as the managers gain market expertise. Financial theories presented in class lectures, news of current and world events, and analysis of company reports are incorporated as the new money managers develop strategies to test their understanding of the market for stocks.
Participants are required to bring laptops for this class and, as this is a quantitative course, should be comfortable with math (see prerequisite above) and prepared for a challenging experience.
Hany S. Guirguis
Hany S. Guirguis received his B.A. in accounting from Helwan University, M.A. in economics from the American University in Cairo, M.B.A. in Finance from Baruch College, and M.S. and Ph.D. in macroeconomics and econometrics from the University of Oregon. He has been teaching at Columbia University since 2005 and is currently the chair of and professor in the economics and finance department at Manhattan College. He has taught numerous graduate and undergraduate courses in finance, econometrics, statistics, accounting, and economics. He specializes in financial modeling and applied econometrics and has published more than twenty-five articles in a number of finance and economics journals.
Specific course information, such as hours and instructors, are subject to change at the discretion of the University.