PGE 3A -Finance (FIN)
Contact hours
24 H
Number of spots
Open to visitors
Maxime MERLI

Pedagogical contribution of the course to the program

Développer un management à impact grâce aux connaissances et aux outils les plus récents dans les domaines du management

Developing a strategic and managerial vision in a complex, uncertain and changing environment
Evaluate sustainable managerial practices using managerial concepts and instruments as well as digital tools
Design solutions adapted to organizational problems by applying relevant methodologies

Développer des compétences managériales de niveau avancé se traduisant par un leadership responsable

Recommend decision making by taking a critical approach to driving change in organizations

Pratiquer un management à impact dans un environnement multiculturel et international, porté par un "European mindset"

Formulate solutions to organizational challenges in a multicultural and international context, driven by a "European mindset"
Communicate in a professional context in (foreign) languages, in writing and/or orally


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 (or multi-factorial analysis). The last part is dedicated to the measures of portfolio performance.

Teaching methods


- Lectures
- E-learning

In group

- Exercises


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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 5) estimate the performance of mutual funds
  • - (level 5) measure the risk and return of various asset classes
  • - (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


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 (Bonds, Stocks) 1/ Risk, Return, and Efficient Frontier 2/ CAPM : applications and limitations 3/ 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

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Moodle platform

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Additional electronic platforms

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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.


List of assessment methods

Final evaluationExam week
Written (90 Min.) / Individual / English / Weight : 100 %
This evaluation is used to measure ILO1.1-PGE, ILO1.3-PGE, ILO2.2-PGE, ILO4.1-PGE, ILO4.2-PGE
No assessment methods have been attributed to this course yet.