Dates: 29 July - 16 August, 2013
This course is an investment course with a strong focus on asset pricing, the predictability of returns through fundamental and technical analysis, and behavioural finance. Its aim is to provide a thorough understanding of both market finance and operations of financial markets, focusing on equity and bond markets. It involves a comprehensive online trading simulation using Stock-Trak and a "best portfolio manager tournament".
The topics covered in this course include:
■ Organisation of financial markets and exchanges
■ Determinants of bid-ask spreads
■ Optimal portfolio selection (asset allocation and security selection)
■ Review of asset pricing models
■ Equity premium puzzle
■ Optimal investment strategy when privately informed
■ Active portfolio management, insurance, and immunization
■ Risk and portfolio performance evaluation
■ Determinants of price multiples in efficient markets
■ Returns to fundamental analysis
■ Returns to technical analysis
■ Behavioural finance
■ Bond portfolio management and immunization.
Investments (8th edition) by Z. Bodie, A. Kane, and A. J. Marcus, McGraw-Hill International Edition (2009).
This textbook is supplemented by selected chapters from finance and investments textbooks and relevant articles published in the behavioral finance literature.
Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations
Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.
Precio total: 3.980 €