EM3E5M04
Program
PGE
PGE 3A -Finance (FIN)
PGE 3A -Finance (FIN)
UE
Investments
Semester
A
Discipline
Finance
Contact hours
27 H
Number of spots
45
ECTS
5
Open to visitors
Yes
Language
Coordinator
Maxime MERLI
List of lecturers
| Lecturer(s) | Contact hours - lecture | |
|---|---|---|
| Maxime MERLI | maxime.merli@em-strasbourg.eu | 12 h |
| Patrick ROGER | proger@unistra.fr | 15 h |
Pedagogical contribution of the course to the program
LEARNING GOAL 1 : Students will master state-of-the-art knowledge and tools in management fields in general, as well as in areas specific to the specialized field of management. |
|---|
| Students will identify a business organization’s operational and managerial challenges in a complex and evolving environment. |
| Students will understand state-of-the-art management concepts and tools and use them appropriately. |
| Students will implement appropriate methodologies to develop appropriate solutions for business issues. |
| LEARNING GOAL 2 : Students will develop advanced-level managerial skills. |
| Students will participate in a decision-making process in a critical way. |
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
- ExercisesInteraction
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 toNone 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 EvaluationNo prerequisite has been provided
Knowledge in / Key concepts to master
Microeconomics, statistics, elementary probability theoryBasic 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 enteredNo 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
Written (120 Min.) / Individual / English / Weight : 100 %
This evaluation is used to measure LO1.1, LO1.2, LO1.3