Please note! Course description is confirmed for two academic years (1.8.2018-31.7.2020), which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

By the end of the course, students should be able to

- Demonstrate a familiarity with portfolio theory and equilibrium-based asset pricing models such as the CAPM.

- Evaluate the performance of an investment portfolio and understand the role that skill and luck play in observed investment outcomes.

- Demonstrate a familiarity with the theories and empirical studies of efficiency in major financial markets.

- Understand the role of systematic factors in the behavior of asset returns.

- Identify the behaviour of individual investors and systematic trading biases, as well as the implications on capital market efficiency.

- Communicate an investment strategy and trade according to the strategy.

Credits: 6

Schedule: 27.10.2020 - 10.12.2020

Teacher in charge (valid 01.08.2020-31.07.2022): Peter Nyberg

Teacher in charge (applies in this implementation): Peter Nyberg, Wenjia Yu

Contact information for the course (applies in this implementation):

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • Valid 01.08.2020-31.07.2022:

    Portfolio theory, asset pricing models, market efficiency, portfolio management, factor investing and investor behavior.

Assessment Methods and Criteria
  • Valid 01.08.2020-31.07.2022:

    1. Lectures 24 h, Assistant Professor Peter Nyberg
    2. Exercises 24 h (25%), N.n.
    3. Investment game (25%)
    4. Exam (50%), based on all course material

Workload
  • Valid 01.08.2020-31.07.2022:

    Classroom hours 24 h 
    Exercise hours 24 h 
    Class preparation 22 h 
    Exercise preparation 50 h 
    Exam preparation 36 h 
    Exam 3 h

DETAILS

Study Material
  • Valid 01.08.2020-31.07.2022:

    Bodie, Kane & Marcus (2014, 10th edition). Investments. Earlier editions can also be used.

    Availability

Prerequisites
  • Valid 01.08.2020-31.07.2022:

    Rahoituksen perusteet or Principles of Corporate Financial Management and 
    Econometrics for Finance or corresponding knowledge of econometrics and statistics.

SDG: Sustainable Development Goals

    1 No Poverty

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Description

Registration and further information