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Обычная версия сайта
2024/2025

Управление портфелем и планирование благосостояния

Статус: Маго-лего
Когда читается: 1 модуль
Охват аудитории: для своего кампуса
Язык: английский
Кредиты: 3
Контактные часы: 36

Course Syllabus

Abstract

This course is targeted on a developing of theoretical knowledge and practical skills in the field of securities’ analysis and portfolio management. Course starts with standard Modern Portfolio Theory (MPT) discussing historical background of theory development and consecutive efforts in testing its concepts and statements. Number of potential attempts to improve theory and fix market anomalies contradicting it discussed in consecutive parts of this course. At the end, several most current portfolio theories are presented including behavioral prospect theory and adaptive market hypothesis.
Learning Objectives

Learning Objectives

  • The primary objective of the course is to study the theory relevant for investing, particularly in the context of portfolio management. The major topics will include: • concept of investment risk and its relations to expected return, • financial prices behavior and market efficiency, • rational asset pricing and its implications for portfolio management, • approaches to optimal portfolio selection. In one way or another, most of the course is geared towards the understanding and implementation of “modern portfolio theory,” which is a general approach for minimizing investment risk given a certain level of expected return
Expected Learning Outcomes

Expected Learning Outcomes

  • After successfully completing this course students will be able to describe and discuss major concepts related to the Modern Portfolio Theory. Students will be able to describe the potential benefits for investors in considering multiple risk dimensions when modeling asset returns
Course Contents

Course Contents

  • Portfolio Management course road map.
  • Expected return and concept of investment risk
  • Rational investor’s choice and Utility theory
  • Markowitz theory of portfolio selection
  • Asset pricing applications
  • Performance evaluation
  • Critics of rational financial economics
Assessment Elements

Assessment Elements

  • non-blocking mid-term exam
  • blocking final exam
Interim Assessment

Interim Assessment

  • 2024/2025 1st module
    0.6 * final exam + 0.4 * mid-term exam
Bibliography

Bibliography

Recommended Core Bibliography

  • Dempsey, M. (2020). Investment Analysis : An Introduction to Portfolio Theory and Management. London: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=2278900
  • Pagdin, I., & Hardy, M. (2017). Investment and Portfolio Management : A Practical Introduction (Vol. 1st). London: Kogan Page. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1621031

Recommended Additional Bibliography

  • Bertrand, P., & Lapointe, V. (2018). Risk-based strategies: the social responsibility of investment universes does matter. Annals of Operations Research, 262(2), 413–429. https://doi.org/10.1007/s10479-015-2081-4

Authors

  • ELIZAROVA IRINA NIKOLAEVNA
  • ODINTSOVA ULYANA ALEKSANDROVNA
  • AVALYAN KHACHATUR LEVAEVICH