Understanding the Stock Market

Level:
Open to students entering grade 9 or 10 in the fall
Session:
II - July 21–August 7, 2020
Days & Time:
Monday–Friday, 11:10 a.m.–1:00 p.m. and 3:10–5:00 p.m.
Teacher(s):
Tom Leach
Prerequisites:

Proficiency with first-year algebra; some knowledge of investment strategy or corporate finance is recommended but not required. 

“[I've gained] a greater knowledge of investment strategy and a deeper inspiration to study finance.” — From a program course evaluation 

Course Description

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.

Teacher(s)

Tom Leach

Tom Leach is a managing member for Preakness Hills Capital, which provides due diligence and valuation services to Wall Street buy-side firms. At Bennett Lawrence Management he served as the technology analyst for the multi-billion AUM investment firm. Prior to Wall Street, Tom worked in the semiconductor industry for Xilinx and National Semiconductor, both in a sales capacity and as a principal engineer. His designs have generated over $100 million in product revenues. He has also authored multiple articles for trade magazines and holds a U.S. patent. Tom holds an MBA from Columbia Business School and is a member of Beta Gamma Sigma, the Business School Honor Society. He received his BS in electrical engineering from New Jersey Institute of Technology. He is a member of Eta Kappa Nu, the Electrical Engineering Honor Society. In off hours, Tom likes to body surf and read books on solving very large problems.

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Specific course detail such as hours and instructors are subject to change at the discretion of the University. Not all instructors listed for a course teach all sections of that course.