Магистратура
2023/2024
Управление портфелем и планирование благосостояния
Лучший по критерию «Полезность курса для Вашей будущей карьеры»
Лучший по критерию «Полезность курса для расширения кругозора и разностороннего развития»
Лучший по критерию «Новизна полученных знаний»
Статус:
Курс обязательный (Финансовый аналитик)
Направление:
38.04.08. Финансы и кредит
Кто читает:
Банковский институт
Где читается:
Банковский институт
Когда читается:
2-й курс, 1 модуль
Формат изучения:
без онлайн-курса
Охват аудитории:
для своего кампуса
Преподаватели:
Авалян Хачатур Леваевич
Прогр. обучения:
Финансовый аналитик
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
- 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
- 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
- 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
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