Course Description
Core courses (28 credits for both Plan A and B)
MF610 Accounting for Financial Decision Making
3 credits
Foundations of financial accounting including analyzing, recording and classifying business transactions. Understandings of benefits and components of primary financial statements including statement of cash flows. Understandings of accounting information relating operating, investing, and financing activities and of presenting such information on related financial statements.  Preparation of primary financial statements and analysis of financial statements using financial ratios and other tools.
MF621 Financial Markets and Institutions
3 credits
Basic introduction to the main features of financial institutions and markets in Thailand. Macroeconomic theories and the linkage to the capital market and the economy in general. The role of fiscal constraints and the interplay between monetary and fiscal policies.
MF630 Research Methods for Financial Economists
3 credits
The development of research paper. Research process, research design, and research methodologies such as advanced econometrics. Setting research questions and objective, analysis of related literature, selecting theoretical framework, hypotheses formulation, and constructing research methodology. Preparing research topic and research proposal for independent study. Introduce students to programming methods for empirical research.
MF640 Investments Theory and Asset Management
3 credits
This class introduces students to challenges in asset management. Specifically, Return definitions for asset and portfolio; application; measurement and stylized facts; utility theory and choice under uncertainty; Risk aversion and investment decisions; Modern portfolio theory; Optimal Portfolio Construction; Capital Asset Pricing Theory (CAPM): Theory and Applications; Arbitrage Pricing Theory; Theory and Empirical Methods; Factor Model and Its Empirical Methodology; Application of Factor Model; stock market and basic understanding of trading/market microstructure. The class also discusses the concept of market efficiency.
MF641 Corporate Financial Management
3 credits
This is a fundamental corporate finance which all finance students are required to know. The class introduces students to the following topics: Corporations and financial markets; Risk and returns: Capital Asset Pricing Model (CAPM); Basic ; Investment decision rules: NPV and IRR; equity valuation and firm valuation; Capital budgeting cash flows; Capital structure decisions in a perfect and imperfect capital market: limits to use of debt, pecking order, dividend policy; Empirical corporate finance; agency theory.
MF642 Finance for International Business
3 credits
Prerequisite: MF641 Corporate Financial Management
International financial environment including the international monetary system, the balance of payments, and the international parity conditions. Foreign exchange exposure, global integration of money and capital markets, foreign direct investment, political risk, and international capital budgeting. Analysis of the international aspects of financial management.
MF643 Financial Econometrics
3 credits
Estimation methods used in current financial market research including least square methods of estimation, maximum likelihood estimation method, and generalized method of moments (GMM). Least square methods include estimation method when any assumption is violated, how to perform diagnostic testing on multicollinearity, heteroscedasticity, and autocorrelation, specification error, and how to solve the problems. Advanced econometric models including time-series models, panel data models, and models with discrete and limited dependent variables. Using Econometrics software in estimating the models and interpreting the estimated results.
MF645 Fixed Income Analysis and Equity Analysis
4 credits
Prerequisite: MF641 Corporate Financial Management
This class is divided into two parts. In the first part of the class, students are introduced to fixed income and interest sensitive instruments. Topics include risk free and default table bonds, yield curve analysis, durations, construction of fixed income portfolios and management of fixed income portfolios. The second part of the class provides a practitioner based approach towards equity valuation from both sell side and buy side analysts perspectives. Topics include, valuation methods, building financial models, writing research reports and delivery of investment recommendation.
MF650 Derivatives
3 credits
Prerequisite: MF645 Fixed Income Analysis and Equity Analysis
The design, development, implementation of innovative financial instruments and processes, and formulation of creative solutions to problems in finance. Options, forward, futures and swap. Examining the creative thinking and problem solving processes. Advanced trading strategies and risk management to both option holders and option writers.
 
Thesis track (12 credits)
MF800 Thesis
12 credits
Prerequisite:
(1) Students must earn at least 12 credits and
(2) Students must have a cumulative GPA of at least 3.00
Research project in which an advisor is assigned. Depending on the advisor’s recommendation, the approval of the proposal and completion of thesis will be made by the thesis committee appointed by the MIF program.
 
Non-thesis track (6 credits)
MF791 Independent Study I
3 credits
Prerequisite:
MF630 Research Methods for Financial Economists
MF640 Investments Theory and Asset Management
MF641 Corporate Financial Management
A self-study course which explores the individual quest of knowledge in the area of finance. The advisor assigned by the program will supervise the study. A project is required and will be graded by the advisor. The project, with the advisor’s approval, may be a case study or empirical study, and will be the basis for the comprehensive examination of Plan B.
MF792 Independent Study II
3 credits
Prerequisite: MF791 Independent Study I
Continuing research from MF791 under advised supervision.
 
Elective courses 
choose 2 credits for thesis track, choose 8 credits for non-thesis track
MF736 Data Analytics for Financial Decisions
2 credits
Prerequisite:
MF630 Research Methods for Financial Economists
This course introduces a set of modern data analytical tools to problems in finance using advanced computational programming techniques (SAS and Python) to illustrate concepts of machine learning compared to traditional econometrics tools. The goal is to bridge the gap between finance theories and practice by building taking them to the data, and using them to aid financial decision making. Examples include quantitative trading strategies, credit scoring, and text mining.
MF747 Financial Advisory Services
2 credits
Prerequisite:
MF645 Fixed Income Analysis & Equity Analysis
Investment banking business; principles of value creations for firms and investors by mergers and acquisitions and business reorganizations; variety of investment banking activities, debt restructuring, initial public offering, and venture capital; applications of financial management and cases both in Thailand and abroad.
MF757 Financial Risk Management
2 credits
Prerequisite: MF650 Derivatives
Measuring systemic risk according to BIS 1996. Application of “Value At Risk” measurement in banks, securities, and funds Model building to manage financial risk.
MF758 Special Topics in Finance I
2 credits
This course focuses on current issues or special topics of interests in finance.
MF759 Special Topics in Finance I
2 credits
This course focuses on current issues or special topics of interests in finance.
MF767 Corporate Governance and Sustainability
2 credits
Prerequisite: MF641 Corporate Financial Management
The theory, empirical evidence, and applications of corporate governance in Asian economies. The separation of ownership and control, legal environment, board of directors, investor activism, and stakeholder rights. The legal system: how regulation is used to support corporate governance, how different legal systems differ and how that affects corporate and market performance.
MF768 Financial Technology
2 credits
Investigate emerging technologies adopted in new financial services such as Artificial Intelligence, Blockchain. The applications of these technologies will be discussed with related theoretical issues.
MF769 Structured Products and Advanced Pricing
2 credits
Prerequisite:
MF640 Investments Theory and Asset Management
MF645 Fixed Income Analysis and Equity Analysis
Structured products in equity (such as ETFs), fixed income (such as interest rate products, mortgage-back securities), and derivatives (such as derivative warrants, Asian options, FX products). The basics of the product, economic benefits of using the products, how to use the products for purposes such as risk management or trading, and importantly how to design non-existing products from current securities to meet specific need.
MF777 Behavioral Finance
2 credits
Prerequisite: MF645 Fixed Income Analysis & Equity Analysis
How psychological effect affects the investment decisions. Famous anomalies found in capital market will be explained by the new paradigm of behavioral finance that is more close to reality. The market where less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. Formulating trading strategy.
MF778 Advanced Corporate Financial Strategy
2 credits

Prerequisite: MF641 Corporate Financial Management
Financial policy and strategy of financial architecture and design for firms. Corporate restructuring, financial restructuring, financial innovations, and corporate governance.