EM3E5M04

Semester
A
Discipline
Finance
Contact hours
27 H
Number of spots
45
Open to visitors
Yes
Language
Coordinator
Maxime MERLI


Pedagogical contribution of the course to the program

No educational contribution associated with this course for this program.

Description

The first part of the course is dedicated to the fixed-income instruments. They are described and analyzed in an investment perspective. Bond prices and yields are presented in order to define the term structure of interest rates, essential tool to manage bond portfolios. The second part addresses the fundamental issues of asset allocation and optimal portfolio choice. This part deals with pricing and equilibrium models like the CAPM. The last part is dedicated to the measures of portfolio performance.

Teaching methods

Face-to-face

- Lectures
- E-learning

In group

- Exercises

Interaction

No items in this list have been checked.

Others

No items in this list have been checked.

Learning objectives

Cognitive domain

Upon completion of this course, students should be able to
  • - (level 2) Describe the essential characteristics of Securities and funds
  • - (level 3) Solve standard problems of portfolio choice
  • - (level 5) Synthesize the main approaches to portfolio choice and valuation techniques.
  • - (level 6) Interpret the quantitative information provided by investment analysis.

Affective domain

Upon completion of this course, students should be able to
None affective domain have been associated with this course yet

Outline

Part 1: Interest rates and Bond Portfolios 1 / Bond Prices and Yields 2 / The Term Structure of Interest Rates 3 / Managing Bond Portfolios Part 2: CAPM and Portfolio Management 1 / Risk, Return, and the Historical Record 2 / Capital Allocation to Risky Assets 3 / Chapter Nine. The Capital Asset Pricing Model 4 / Empirical tests of the CAPM 5 / Portfolio Performance Evaluation

No prerequisite has been provided

Knowledge in / Key concepts to master

Microeconomics, statistics, elementary probability theory
Basic microeconomics: preferences, utility functions, interest rates Statistics: moments of random variables (expectation, variance, covariances, corrélations)

Teaching material

Mandatory tools for the course


- Reference manuals

Documents in all formats

No items in this list have been checked.

Moodle platform

No items in this list have been checked.

Software

No items in this list have been checked.

Additional electronic platforms

No items in this list have been checked.

Recommended reading


Investments, Global Edition, 10E, Bodie, Kane, Markus, 2014


No reading material has been provided.

EM Research: Be sure to mobilize at least one resource

Textbooks, case studies, translated material, etc. can be entered
No reading material has been provided.

Assessment

List of assessment methods

Final evaluationExam week
Written (120 Min.) / Individual / English / Weight : 100 %
This evaluation is used to measure LO1.1, LO1.2, LO1.3
No assessment methods have been attributed to this course yet.