Course Overview

The course will cover the following areas:

1. Portfolio Theory:

a. Risk Aversion and Capital Allocation to Risky Assets

b. Optimal Risky Portfolios

c. Index Models

2. Equilibrium in Capital Markets:

a. The Capital Asset Pricing Model

b. Arbitrage Pricing Theory and Multifactor Models of Risk and Return

c. The Efficient Market Hypothesis

3. Fixed-Income Securities:

a. Bond Prices and Yields

b. Managing Bond Portfolios

4. Equity Valuation Models

5. Portfolio Performance Evaluation

Learning Achievement

This course intends to provide a basic understanding of modern investment theory and its application to investment management. When you finish this course, you should have a thorough understanding of security pricing and portfolio management. You will have basic theoretical skills enabling you to understand modern developments in investments and you will be familiar with investment practices.

Competence

Course prerequisites

*Restrict to graduate students.

Grading Philosophy

Course schedule

Course type

Online Course Requirement

Instructor

Yan-Shing Chen

Other information

Graduate Institute of Finance

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