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.
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.
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
Portfolio theory, asset pricing models, market efficiency, portfolio management, factor investing and investor behavior.
Assessment Methods and Criteria
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
Classroom hours 24 h
Exercise hours 24 h
Class preparation 22 h
Exercise preparation 50 h
Exam preparation 36 h
Exam 3 h
Bodie, Kane & Marcus (2014, 10th edition). Investments. Earlier editions can also be used.
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