|Module Co-ordinator||Professor David McMillan|
The module will be delivered by means of (2hr) weekly lectures and smaller group seminars (for problem solving and group presentations). 10 hours lectures/10 hours tutorials to be delivered over 6 weeks of teaching.
|Assessment||Assessment will comprise of a one hour multiple choice test (50 per cent of the module grade) and a group project based around a trading simulator (50 per cent of the module grade). The multiple choice test will contain both numerical and discursive questions and will enable students to demonstrate their knowledge of the module material. The group project is designed to allow students to demonstrate their knowledge of portfolio building techniques, understanding the factors that cause asset prices to change and how to evaluate portfolio performance.|
The module aims to provide an understanding of equity investments and portfolio management. The module will begin with an overview of the portfolio choice between equities and bonds. The module then examines several portfolio building and equilibrium asset pricing models (e.g., CAPM and the Fama-French models). Subsequently, the module will examine issues in stock return predictability, covering a range of alternative asset pricing models as well as considerations of behavioural finance. These issues are ten extended to a wider international context and the costs and benefits of forming internationally diversified portfolios. These principles are then applied to issues of performance measurement within portfolio management. Upon completion of the module students will have met learning outcomes from levels I, II and III of the CFA® Program Candidate Body of Knowledge in respect of Equity Investments and Portfolio Management.
By the end of the module students should be able to:
Division: Accounting & Finance
This module information is representative of what is included in the module in a given year. Details of actual reading, lectures and coursework may vary year to year and will be available at the beginning of the semester.