Financial Investments: Module I, Portfolio Theory; Module Ii, Portfolio Management
A.Y. 2024/2025
Learning objectives
Instructional objectives that students are expected to achieve (first module - PORTFOLIO THEORY):
Equilibrium in capital markets, portfolio theory and practice: to understand theory and empirical evidence behind optimal risky portfolios; capital asset pricing models; arbitrage pricing models, single-index and multifactor models of risk and return.
The efficient market hypothesis, and the behavioral finance: to understand theory and empirical evidence behind well-functioning markets, irrational behaviors and bubbles.
Instructional objectives that students are expected to achieve (second module - PORTFOLIO MANAGEMENT):
Risk management in the context of fixed-income securities: to understand bond prices and yields, the term structure of interest rates, managing bond portfolios.
Risk management in the context of stock securities: to understand macroeconomic and industry analysis, equity valuation models, financial statement analysis.
Risk management in the context of derivatives: to understand the trading mechanics of option and futures contracts and their pricing.
Portfolio performance evaluation: to understand the reasons for the use of risk-adjusted indicators, to calculate and use them.
Equilibrium in capital markets, portfolio theory and practice: to understand theory and empirical evidence behind optimal risky portfolios; capital asset pricing models; arbitrage pricing models, single-index and multifactor models of risk and return.
The efficient market hypothesis, and the behavioral finance: to understand theory and empirical evidence behind well-functioning markets, irrational behaviors and bubbles.
Instructional objectives that students are expected to achieve (second module - PORTFOLIO MANAGEMENT):
Risk management in the context of fixed-income securities: to understand bond prices and yields, the term structure of interest rates, managing bond portfolios.
Risk management in the context of stock securities: to understand macroeconomic and industry analysis, equity valuation models, financial statement analysis.
Risk management in the context of derivatives: to understand the trading mechanics of option and futures contracts and their pricing.
Portfolio performance evaluation: to understand the reasons for the use of risk-adjusted indicators, to calculate and use them.
Expected learning outcomes
Instructional objectives that students are expected to achieve (first module - PORTFOLIO THEORY):
Equilibrium in capital markets, portfolio theory and practice: to understand theory and empirical evidence behind optimal risky portfolios; capital asset pricing models; arbitrage pricing models, single-index and multifactor models of risk and return.
The efficient market hypothesis, and the behavioral finance: to understand theory and empirical evidence behind well-functioning markets, irrational behaviors and bubbles.
Instructional objectives that students are expected to achieve (second module - PORTFOLIO MANAGEMENT):
Risk management in the context of fixed-income securities: to understand bond prices and yields, the term structure of interest rates, managing bond portfolios.
Risk management in the context of stock securities: to understand macroeconomic and industry analysis, equity valuation models, financial statement analysis.
Risk management in the context of derivatives: to understand the trading mechanics of option and futures contracts and their pricing.
Portfolio performance evaluation: to understand the reasons for the use of risk-adjusted indicators, to calculate and use them.
Equilibrium in capital markets, portfolio theory and practice: to understand theory and empirical evidence behind optimal risky portfolios; capital asset pricing models; arbitrage pricing models, single-index and multifactor models of risk and return.
The efficient market hypothesis, and the behavioral finance: to understand theory and empirical evidence behind well-functioning markets, irrational behaviors and bubbles.
Instructional objectives that students are expected to achieve (second module - PORTFOLIO MANAGEMENT):
Risk management in the context of fixed-income securities: to understand bond prices and yields, the term structure of interest rates, managing bond portfolios.
Risk management in the context of stock securities: to understand macroeconomic and industry analysis, equity valuation models, financial statement analysis.
Risk management in the context of derivatives: to understand the trading mechanics of option and futures contracts and their pricing.
Portfolio performance evaluation: to understand the reasons for the use of risk-adjusted indicators, to calculate and use them.
Lesson period: First trimester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course can be attended as a single course.
Course syllabus and organization
Single session
Responsible
Lesson period
First trimester
Module I, Portfolio Theory
SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS - University credits: 6
Lessons: 40 hours
Professor:
Degl'Innocenti Marta
Module II, Portfolio Management
SECS-P/09 - CORPORATE FINANCE - University credits: 6
Lessons: 40 hours
Professor:
Vandone Daniela
Professor(s)
Reception:
On appointment