Instructor: Dr. William Pugh
Office: Business Building, Room 307 Phone: (334) 844-3009
Fax: (334) 844-4960 E-mail: Wpugh@business.auburn.edu
WEB Page: www.auburn.edu/~pughwi1
Class Hours: 12:30-1:45 T Th
Office Hours: 2:30-3:20 T Th  or by appointment.
Prerequisites:
Academic Honesty:  Any violation of the academic honesty code as defined in the student handbook (Tiger Cub) will be treated in accordance with the student discipline code policy and procedures.
Special Accommodation:  Students who need special accommodation should arrange to meet with the instructor as soon as possible.  If you do not have an Accommodation Memo, but need special accommodation, contact the Program for Students with Disabilities in 1244 Haley Center (844-2096 V/TTY).
Objectives: The course will provide a review of the investment alternatives for the individual, followed by more in depth coverage of a number of more advanced topics including duration, modern portfolio theory, technical and fundemental analysis, and international investing.  We will stress familiarization with The Wall Street Journal and with other investment sources, including sources on the Internet.
Text: Essentials of Investments By: Bodie, Kane and Marcus, 4th edition.
Additional Materials: Calculator: Please bring a basic business calculator to class.
Exams, grades, etc.: Exams, grades, etc.: we will have a mid-term and a final, each counting 33% of your grade. Exams will mostly consist of solving problems and short to medium length essays. The remaining third of your grade will be class-based and will include assignments and announced quizes (15%) and the remaining 19% on a termpaper (12 to 14 pages double-spaced) on the securities topic of your choice. Your sources may come from the WSJ and other periodicals and from various web sites. You will need to let me know your topic (write a brief summary of what you propose to write about) shortly after the midterm.

Anticipated schedule:  Needs updating - but same idea.
Jan.. 09                 Introduction: Internet overview/ Chap 1.  Overview

        14                 Chap. 2. Financial markets and Instruments
        16                 Chap. 2. Financial markets and Instruments

        21                 Chap. 3. How Securities are Traded.
        23                 Chap. 3. How Securities are Traded.

        28                 Chap. 4. Investment Companies
        30                 Chap. 4  Investment Companies  (Chap 5 parts will be covered in other topics)

Feb.   4                  Chap. 6  Returns and Risk from Investing.
          6                  Chap 7  Efficient Diversification

        11                  Chap. 20. International Diversification
        13                  Chap 10  Bond Prices and Yields

        18                  Chap 10  Bond Prices and Yields
        20                  MIDTERM

        25                  Chap 11  Managing Fixed Income Investments
        27                 Chap. 12 Macroeconomic and Industry Analysis

Mar.  4                  Chap. 13 Equity  Valuation
         6                  Chap. 13 Equity Valuation

         11                 Chap. 14 Financial Statement Analysis
         13                 Chap. 14 Financial Statement Analysis

         18                 Chap. 15 Technical Analysis
         20                 Chap. 15 Technical Analysis

         25 and 27     Spring Break

April   1                Chap. 16 Options markets.
            3                Chap. 16 Options markets.

            8               Chap. 17. Option Valuation
          10               Chap. 17   Option Valuation

           15               Chap. 18 Futures Markets
           17               Chap. 18 Futures Markets

           22               Chap. 8  CAPM
           24               Chap. 8  CAPM

           29               Chap 19  Performance Evaluation and Portfolio Management
May      1               Chap 19  Performance Evaluation and Portfolio Management

Final Exam:   Saturday May 3    5:00 p.m. - 7:30 p.m.