{"ModuleCode":"PP5274","ModuleTitle":"Financial Management for Policy Makers","Department":"Lee Kuan Yew School Of Public Policy","ModuleCredit":"4","ExamOpenBook":true,"ExamDuration":"P3H","ExamVenue":"LKY LAB2","AcadYear":"2014/2015","History":[{"Semester":2,"ExamDate":"2015-04-30T13:00+0800","Timetable":[{"ClassNo":"1","LessonType":"Lecture","WeekText":"Every Week","DayText":"Thursday","StartTime":"1400","EndTime":"1700","Venue":"MMSR2-1"}],"IVLE":[{"Announcements":null,"Forums":[],"Workbins":[],"Webcasts":[],"Gradebooks":[],"Polls":[],"Multimedia":[],"LessonPlan":[],"ID":"1fa528ab-dd11-4399-a1d4-73e3f72b980d","CourseLevel":"1","CourseCode":"PP5274","CourseName":"FINANCIAL MANAGEMENT FOR POLICY MAKERS","CourseDepartment":"","CourseSemester":"Semester 2","CourseAcadYear":"2014/2015","CourseOpenDate":"/Date(1417190400000+0800)/","CourseOpenDate_js":"2014-11-29T00:00:00","CourseCloseDate":"/Date(1433087940000+0800)/","CourseCloseDate_js":"2015-05-31T23:59:00","CourseMC":"0","isActive":"N","Permission":"S","Creator":{"UserID":null,"Name":"Agnes Tan Swee Tin","Email":null,"Title":null,"UserGuid":"27c9192b-db6d-4316-a5db-8551996dce99","AccountType":null},"hasGradebookItems":false,"hasTimetableItems":true,"hasGroupsItems":false,"hasClassGroupsForSignUp":false,"hasGuestRosterItems":false,"hasClassRosterItems":true,"hasWeblinkItems":false,"hasLecturerItems":true,"hasDescriptionItems":true,"hasReadingItems":false,"hasAnnouncementItems":false,"hasProjectGroupItems":false,"hasProjectGroupsForSignUp":false,"hasConsultationItems":false,"hasConsultationSlotsForSignUp":false,"hasLessonPlanItems":false,"Badge":0,"BadgeAnnouncement":0,"WebLinks":[],"Lecturers":[{"ID":"1f88121f-5ad0-471d-9cc9-874798b40ffe","User":{"UserID":null,"Name":"Khuong Minh Vu","Email":null,"Title":null,"UserGuid":"7f20f195-5324-4370-9358-87d8be223b1a","AccountType":null},"Role":"Lecturer ","Order":1,"ConsultHrs":null},{"ID":"93d61f72-d2cf-4919-a7f1-21016cef1ed3","User":{"UserID":null,"Name":"Nguyen Chi Hieu","Email":null,"Title":null,"UserGuid":"0e75df5b-e744-4b53-bc51-4839ba2b697f","AccountType":null},"Role":"Teaching Assistant ","Order":2,"ConsultHrs":null}],"Descriptions":[{"ID":"6e5f053b-8835-4692-be49-41f07234cfff","Title":"Syllabus","Description":"National University of Singapore
\nLee Kuan Yew School of Public Policy
\n 
\n 
\nSemester 2, AY 2014/15
\n

\n\tPP5274 – Financial Management for Policy Makers

\n 
\nClass Session:        Thursday 2:00-5:00pm
\nClassroom:              SR 2-1
\n 
\nInstructor:                VU Minh Khuong, Associate Professor 
\nOffice:                        OTH-03-02E
\nOffice Hours:           Thursday, 3-5pm
\nE-mail:                       sppkmv@nus.edu.sg
\nTel:                             6516-8695
\n 
\nTeaching Assistant: TBA
\n 
\n 
\n 
\n 
\nCourse Objectives
\n 
\nThe overall aim of this course is to equip students with the essential knowledge and skills of financial management and to enable them to understand how these concepts and tools can be applied to policy making and public management.
\n 
\nThe primary learning objectives are to help students:
\n\n 
\n 
\n
\n 
\n 
\nCourse Description
\n 
\nThe main topics covered in this course include:
\n 
\n\n 
\n 
\nPrerequisite
\n 
\nPP5101 or equivalent
\n 
\n 
\nTextbooks
\n 
\nMain textbook:
\nEssentials of Financial Management, 2nd International Edition, by Brigham and Houston; Cengage Learning Asia, 2010; ISBN: 9789814281379.
\nThis book can be purchased at the NUS Co-op bookstore.
\n 
\n 
\nReference textbooks:
\nInternational financial management  by Cheol S. Eun, Bruce G. Resnick, Sanjiv Sabherwal, New York, NY: McGraw-Hill, 2012. 6th Edition.
\nThis book is on reserves at the C J Koh Law Library.
\n 
\nCourse Requirements
\n 
\nProblem sets and project:
\nThere are three problem sets and one individual project over the semester. The problem sets and project are designed to reinforce your understanding of the core concepts and techniques introduced in the course and to enhance your research and analytical capability related to financial management issues.
\n 
\n 
\nClass Participation:
\n 
\n\n 
\n 
\nFinal Exam:
\n 
\n\n 
\n 
\n 
\nGrading
\n 
\nClass participation:              20%
\nProblem Set                         20%
\nProject                                    20%
\n                                    Final Exam:                           40%
\n 
\n 
\nCourse Expectation
\n 
\n\n 
\n\n
\nPP5274-Course Materials and Resources
\n 
\nI) Readings:
\n 
\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\n\t\t\t\tItem\n\t\t\t\tTitle and source
\n\t\t\t\t1\n\t\t\t\t
    \n\t\t\t\t\t
  1. \n\t\t\t\t\t\tGuide to Credit Rating Essentials: What are credit ratings and how do they work? Standard and Poor’s
    2. \n\t\t\t\t\t
  2. \n\t\t\t\t\t\tAsia Bond Monitor Nov. 2014, ADB
    3. \n\t\t\t\t\t
  3. \n\t\t\t\t\t\tGlobal Sovereign Debt Report – A Market Driven Perspective, 3rd Quarter 2014, S&P Capital IQ
    4. \n\t\t\t\t
\n\t\t\t
\n\t\t\t\t2\n\t\t\t\t
    \n\t\t\t\t\t
  1. \n\t\t\t\t\t\tEIU Financial Services Sector  Report-China, Latest Month
    2. \n\t\t\t\t\t
  2. \n\t\t\t\t\t\tEIU Financial Services Sector  Report-India, Latest Month
    3. \n\t\t\t\t\t
  3. \n\t\t\t\t\t\tEIU Financial Services Sector  Report-Indonesia, Latest Month
    4. \n\t\t\t\t\t
  4. \n\t\t\t\t\t\tEIU Financial Services Sector  Report-Malaysia, Latest Month
    5. \n\t\t\t\t\t
  5. \n\t\t\t\t\t\tEIU Financial Services Sector  Report-Philippines, Latest Month
    6. \n\t\t\t\t\t
  6. \n\t\t\t\t\t\tEIU Financial Services Sector  Report-Thailand, Latest Month
    7. \n\t\t\t\t\t
  7. \n\t\t\t\t\t\tEIU Financial Services Sector  Report-Singapore, Latest Month
    8. \n\t\t\t\t\t
  8. \n\t\t\t\t\t\tEIU Financial Services Sector  Report-Vietnam, Latest Month
    9. \n\t\t\t\t
\n\t\t\t
\n\t\t\t\t3\n\t\t\t\t
    \n\t\t\t\t\t
  1. \n\t\t\t\t\t\tEIU Country Profile  Report-China, Latest Month
    2. \n\t\t\t\t\t
  2. \n\t\t\t\t\t\tEIU Country Profile  Report-India, Latest Month
    3. \n\t\t\t\t\t
  3. \n\t\t\t\t\t\tEIU Country Profile  Report-Indonesia, Latest Month
    4. \n\t\t\t\t\t
  4. \n\t\t\t\t\t\tEIU Country Profile  Report-Malaysia, Latest Month
    5. \n\t\t\t\t\t
  5. \n\t\t\t\t\t\tEIU Country Profile  Report-Philippines, Latest Month
    6. \n\t\t\t\t\t
  6. \n\t\t\t\t\t\tEIU Country Profile  Report-Thailand, Latest Month
    7. \n\t\t\t\t\t
  7. \n\t\t\t\t\t\tEIU Country Profile  Report-Singapore, Latest Month
    8. \n\t\t\t\t\t
  8. \n\t\t\t\t\t\tEIU Country Profile  Report-Vietnam, Latest Month
    9. \n\t\t\t\t
\n\t\t\t
\n\t\t\t\t4\n\t\t\t\tGlobal Financial Stability Report – Risk Taking, Liquidity, and Shadow Banking, October 2014, IMF
\n\t\t\t\t 
\n\t\t\t\t5\n\t\t\t\t
    \n\t\t\t\t\t
  1. \n\t\t\t\t\t\tFinancial Handbook for SMEs, Spring Singapore
    2. \n\t\t\t\t\t
  2. \n\t\t\t\t\t\t10 Must-Know Schemes for Your Business, Spring Singapore
    3. \n\t\t\t\t\t
  3. \n\t\t\t\t\t\tFinancing SMEs and Entrepreneurs, OECD Policy Brief, November 2006
    4. \n\t\t\t\t
\n\t\t\t
\n\t\t\t\t6\n\t\t\t\tPrivate Equity and Venture Capital, A Guide for Institutional Investors,
\n\t\t\t\tAFIC, 2005
\n\t\t\t\t 
\n\t\t\t\t7\n\t\t\t\t
    \n\t\t\t\t\t
  1. \n\t\t\t\t\t\tCapital markets in PPP financing: Where we were and where are we going? European PPP Expertise Centre (EPEC), March 2010
    2. \n\t\t\t\t\t
  2. \n\t\t\t\t\t\tContract issues and financing in PPP/PFI, prepared for the IPPR Commission on PPP, Kenneth Palmer, 2000
    3. \n\t\t\t\t
\n\t\t\t
\n\t\t\t\t8\n\t\t\t\tAsia-Pacific REITs, 2011, CFA Institute
\n\t\t\t\t 
\n\t\t\t\t9\n\t\t\t\tThe Road to ASEAN Financial Integration, ADB, 2013
\n\t\t\t\t 
\n 
\n 
\n
\n II) Newspapers: Latest articles on emerging issues from Financial Times, Wall Street Asia, Business Times, McKinsey Quarterly.
\n 
\nIII) Internet resources:
\n 
\n\nhttp://www.tdd.lt/slnews/Stock_Exchanges/Stock.Exchanges.htm
\nUS Securities and Exchange Commission: http://www.sec.gov/
\n 
\n\nhttp://www.businessweek.com/investor/stocks.html                                 
\n\n 
\n 
\n
\n 
\nAY2014/15: Semester 2
\nPP5274: CLASS SESSION OUTLINE
\n 
\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\n\t\t\t\tWeek\n\t\t\t\tDate\n\t\t\t\tTopic\n\t\t\t\tReading
\n\t\t\t\t 
\n\t\t\t\t 1\n\t\t\t\t15 Jan\n\t\t\t\t
    \n\t\t\t\t\t
  • \n\t\t\t\t\t\tShopping Session
    • \n\t\t\t\t
\n\t\t\t		\n\t\t\t\t 
\n\t\t\t\t 2\n\t\t\t\t22 Jan\n\t\t\t\t
    \n\t\t\t\t\t
  • \n\t\t\t\t\t\tIntroduction to financial management
    • \n\t\t\t\t\t
  • \n\t\t\t\t\t\tThe cost of borrowing, interest rates, and credit ratings
    • \n\t\t\t\t
\n\t\t\t		\n\t\t\t\tB&H, Chapters 1, 5, 6
\n\t\t\t\tReading item 1
\n\t\t\t\tReading items 2, 3
\n\t\t\t\t 3
\n\t\t\t\t 
\n\t\t\t\t 
\n\t\t\t\t 		\n\t\t\t\t29 Jan
\n\t\t\t\t 
\n\t\t\t\t 
\n\t\t\t\t 		\n\t\t\t\t
    \n\t\t\t\t\t
  • \n\t\t\t\t\t\tBusiness performance evaluation
    • \n\t\t\t\t\t
  • \n\t\t\t\t\t\tFinancial statements and financial ratio analysis
    • \n\t\t\t\t
\n\t\t\t		\n\t\t\t\tB&H, Chapters 2, 3
\n\t\t\t\t 
\n\t\t\t\t 4
\n\t\t\t\t 		\n\t\t\t\t05 Feb
\n\t\t\t\t 		\n\t\t\t\t
    \n\t\t\t\t\t
  • \n\t\t\t\t\t\tRisk and rate of return
    • \n\t\t\t\t\t
  • \n\t\t\t\t\t\tThe time value of money
    • \n\t\t\t\t
\n\t\t\t		\n\t\t\t\tB&H, Chapters 7, 8
\n\t\t\t\t 
\n\t\t\t\t 5
\n\t\t\t\t 		\n\t\t\t\t12 Feb
\n\t\t\t\t 		\n\t\t\t\t
    \n\t\t\t\t\t
  • \n\t\t\t\t\t\tBond valuation
    • \n\t\t\t\t\t
  • \n\t\t\t\t\t\tStock valuation
    • \n\t\t\t\t
\n\t\t\t		\n\t\t\t\tB&H, Chapters  9, 10
\n\t\t\t\t 
\n\t\t\t\t 6
\n\t\t\t\t 		\n\t\t\t\t19 Feb
\n\t\t\t\t 		\n\t\t\t\tChinese New Year\n\t\t\t\t 
\n\t\t\t\t 7\n\t\t\t\t26 Feb\n\t\t\t\tRecess Week\n\t\t\t\t 
\n\t\t\t\t 8
\n\t\t\t\t 		\n\t\t\t\t05 March
\n\t\t\t\t 
\n\t\t\t\t 		\n\t\t\t\t
    \n\t\t\t\t\t
  • \n\t\t\t\t\t\tThe cost of capital and the basics of capital budgeting
    • \n\t\t\t\t
\n\t\t\t		\n\t\t\t\tB&H, Chapters 11, 12, 15
\n\t\t\t\t 
\n\t\t\t\t 9
\n\t\t\t\t 		\n\t\t\t\t12 March
\n\t\t\t\t 		\n\t\t\t\t
    \n\t\t\t\t\t
  • \n\t\t\t\t\t\tMerger and acquisition
    • \n\t\t\t\t
\n\t\t\t		\n\t\t\t\tB&H, Chapter 18
\n\t\t\t\t 
\n\t\t\t\t10
\n\t\t\t\t 		\n\t\t\t\t19 March
\n\t\t\t\t 		\n\t\t\t\t
    \n\t\t\t\t\t
  • \n\t\t\t\t\t\tDerivatives and risk management
    • \n\t\t\t\t
\n\t\t\t		\n\t\t\t\tB&H, Chapter 19, 21
\n\t\t\t\t 
\n\t\t\t\t 11
\n\t\t\t\t 
\n\t\t\t\t 		\n\t\t\t\t26 March
\n\t\t\t\t 
\n\t\t\t\t 		\n\t\t\t\t
    \n\t\t\t\t\t
  • \n\t\t\t\t\t\tSelected topics on international financial management
    • \n\t\t\t\t
\n\t\t\t		\n\t\t\t\tReading item 4
\n\t\t\t\t 
\n\t\t\t\t 12\n\t\t\t\t02 April\n\t\t\t\t
    \n\t\t\t\t\t
  • \n\t\t\t\t\t\tSME Financing
    • \n\t\t\t\t\t
  • \n\t\t\t\t\t\tSingapore’s financial support schemes for SMEs
    • \n\t\t\t\t
\n\t\t\t		\n\t\t\t\tReading items 5, 6
\n\t\t\t\t 13\n\t\t\t\t09 April\n\t\t\t\t
    \n\t\t\t\t\t
  • \n\t\t\t\t\t\tPPP financing, REITS, and ASEAN financial integration
    • \n\t\t\t\t
\n\t\t\t		\n\t\t\t\tReading items 7, 8, 9
\n\t\t\t\t 14\n\t\t\t\t16 April\n\t\t\t\tGroup project presentation\n\t\t\t\t 
\n\t\t\t\t 15\n\t\t\t\t23 April\n\t\t\t\tFinal Exam Review
\n\t\t\t\tReading Period		\n\t\t\t\t 
\n\t\t\t\t 16\n\t\t\t\t30 April\n\t\t\t\tFinal Exam
\n\t\t\t\t(2:00-5:00pm)		\n\t\t\t\t 
\n
\n\t 
\n
\n 
\nAY2014/15: Semester 2
\nPP5274: Financial Analysis Exercise (FAE)
\n(20% of the semester grade)
\n 
\nI. Objectives:
\n 
\nThe Financial Analysis Exercise (FAE) is designed to help students
\n
    \n\t
  1. \n\t\tImprove research capabilities in gathering information for evaluating the financial health of economies, industries, and firms
    2. \n\t
  2. \n\t\tDevelop basic analytical skills related to investment and financial decisions
    3. \n\t
  3. \n\t\tEnhance teamwork spirit and group activity skills
    4. \n
\n 
\nII. Format
\n 
\nThe FAE combines the efforts and decisions at both individual and group levels. Below is a suggested format for a typical FAE.
\n 
\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\n\t\n
\n\t\t\t\tStructure/length \n\t\t\t\tContent\n\t\t\t\tWho Makes Decision
\n\t\t\t\tPart I. Macroeconomic Research
\n\t\t\t\t(2-3) pages		\n\t\t\t\tThe group collects information to gain insights into the financial health and macroeconomic conditions of the two countries of its interest.\n\t\t\t\tGroup
\n\t\t\t\tPart II. Investment\n\t\t\t\t \n\t\t\t\t 
\n\t\t\t\tPart II.A. Group Investment in Indexes
\n\t\t\t\t(2 pages)		\n\t\t\t\tThe group invests in the major indexes of the stock markets in its two selected countries.
\n\t\t\t\t 
\n\t\t\t\tThe amount of money for this investment is $200K*n, where n is the number of members in the group.		\n\t\t\t\tGroup
\n\t\t\t\tPart II.B. Individual Investment in Stocks
\n\t\t\t\t(2 pages)		\n\t\t\t\tEach student chooses two stocks for his/her own investment decision, allocating $100,000 for each stock.
\n\t\t\t\t 
\n\t\t\t\tThe student should have his/her own reasoning for why these two stocks are chosen.		\n\t\t\t\tIndividual
\n\t\t\t\t(we will discuss the approach to choosing a stock for investment in class)
\n\t\t\t\tPart III. Lessons Learned
\n\t\t\t\t(1 page)		\n\t\t\t\tThe group will pool the investment results from its members and compare the return on investment between parts II.A and II.B
\n\t\t\t\t 
\n\t\t\t\tEach group and individual should reflect and provide robust explanations why one index (or stock) has performed better the other during the investment period.		\n\t\t\t\tGroup
\n ","Order":6}],"ReadingFormatted":[],"ReadingUnformatted":[]}],"Lecturers":["Khuong Minh Vu"],"LecturePeriods":["Thursday Afternoon"]}]}