Бакалавриат
2021/2022
Управление инвестиционным портфелем
Статус:
Курс по выбору (Программа двух дипломов по экономике НИУ ВШЭ и Лондонского университета)
Направление:
38.03.01. Экономика
Кто читает:
Международный институт экономики и финансов
Где читается:
Международный институт экономики и финансов
Когда читается:
4-й курс, 1-4 модуль
Формат изучения:
с онлайн-курсом
Онлайн-часы:
24
Охват аудитории:
для своего кампуса
Преподаватели:
Джельсомини Лука,
Иванова Анна Владимировна,
Качалов Дмитрий Александрович,
Романиди Кристина Семеновна
Язык:
английский
Кредиты:
10
Контактные часы:
112
Course Syllabus
Abstract
Pre-requisites: Microeconomics, basic calculus and probability theory, linear algebra, Principles of banking and finance. Investment Management is a year-long course for 4th year students at ICEF. The course is taught in English.
Learning Objectives
- provide an overview of institutional details linked to financial markets and the trading process
- provide an overview of historical trends and innovations in financial instruments and trading processes
- provide an overview of various financial instruments
- provide insight into the use of finance theory in investment management
- provide a guide to the measurement and analysis of risk of financial investments
- provide a guide to the measurement of performance of fund management
- address key issues in risk management
Expected Learning Outcomes
- Aptly define immunisation strategies and highlight their main applications in detail
- Briefly recall important historical trends in the innovation of markets, trading and financial instruments
- Competently identify established risk management techniques used
- Contrast key characteristics of given financial instruments
- Define market microstructure and evaluate its importance to investors
- Discuss measures of portfolio risk-adjusted performance in detail and critically analyse the key challenges in employing them
- Explain the fundamental drivers of diversification as an investment strategy for investors
- List given types of financial instruments and explain how they work in detail
- Name key facts related to the historical return and risk of bond and equity markets
- Relate key facts of the managed fund industry
- • To apply financial economic theory to investment problems
- • To be able to engage in financial markets and the trading process
Course Contents
- Financial markets and instruments
- History of financial markets
- Active Fund Management and Investment Strategies
- Market Microstructure
- Diversification
- Portfolio immunization
- Risk and performance measurement
- Risk management
Assessment Elements
- Homework sem 1
- Participation in lectures and practice sessions sem 1
- Homework (whole year)
- Participation in lectures and practice sessions (whole year)
- First term examOnline format.
- Final exam
- UoL examUoL exam is not included in the overall grade.
Interim Assessment
- 2021/2022 2nd module0.15 * Homework sem 1 + 0.15 * Participation in lectures and practice sessions sem 1 + 0.7 * First term exam
- 2021/2022 4th module0.5 * Final exam + 0.2 * First term exam + 0.15 * Participation in lectures and practice sessions (whole year) + 0.15 * Homework (whole year)
Bibliography
Recommended Core Bibliography
- Brunnermeier, M. K. (2001). Asset Pricing under Asymmetric Information: Bubbles, Crashes, Technical Analysis, and Herding. Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.oxp.obooks.9780198296980
- Lo, A. W. (2010). Hedge Funds : An Analytic Perspective - Updated Edition (Vol. Rev. and expanded ed). Princeton: Princeton University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=350096
Recommended Additional Bibliography
- Financial markets and corporate strategy, Grinblatt, M., 2002
- Investments, Bodie, Z., 2005