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: 02.11.2021 - 16.12.2021
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Peter Nyberg, Sina Seyfi
Contact information for the course (applies in this implementation):
Peter.Nyberg@aalto.fi
sina.seyfi@aalto.fi
(When emailing to Sina, please include "InvMan21" in your email subject.
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
Portfolio theory, asset pricing models, market efficiency, portfolio management, factor investing and investor behavior.
Assessment Methods and Criteria
valid for whole curriculum period:
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 for whole curriculum period:
Course will be taught in hybrid mode 2021-2022 (contact teaching streamed online).
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 for whole curriculum period:
Bodie, Kane & Marcus (2014, 10th edition). Investments. Earlier editions can also be used.
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
SDG: Sustainable Development Goals
1 No Poverty
8 Decent Work and Economic Growth
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Period:
2020-2021 Autumn II
2021-2022 Autumn II
Course Homepage: https://mycourses.aalto.fi/course/search.php?search=28C00300
Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu (sisu.aalto.fi) instead of WebOodi.
The course is offered to BIZ students only.
A maximum of 10 students of Financial Engineering minor will be admitted to the course based on study success. For more information, please contact the coordinator of the Financial Engineering minor Kaila Ruth or see the Study Guide for Minor studies (SCI).