FIN 4103: Investments

Spring 2026 — University of Oklahoma

1 Welcome

Welcome to the course website for FIN 4103: Investments! This site contains all the lecture notes, labs, and resources you’ll need throughout the semester.

Instructor: Mihai Ion (mion@ou.edu)
Office Hours: By appointment (Adams Hall 3284)

Students are expected to read the material for a given lecture prior to class. During class, we will explore the new material by working through practical applications where all computations are performed using Excel—so please bring a laptop to class with Excel installed.

2 Course Overview

This course introduces you to the fundamental principles of investments management, providing the theoretical framework and analytical tools needed to make sound investment decisions. Topics include:

• Foundations: Measuring returns, volatility, risk premia, and Sharpe ratios
• Portfolio Theory: Diversification, capital allocation, tangency portfolios, and optimal asset allocation
• Asset Pricing: The CAPM and Fama-French Three Factor Model
• Valuation: Bond pricing and risk; stock valuation via multiples, DDM, and DCF
• Options: Payoffs, profits, pricing (Black-Scholes), and risk management
• Active Management: Portfolio performance evaluation and the Treynor-Black model

All computational aspects are showcased using Microsoft Excel.

And remember…