- Docente: Giuseppe Lusignani
- Credits: 6
- SSD: SECS-P/11
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
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Corso:
Second cycle degree programme (LM) in
Economics and Economic Policy (cod. 8420)
Also valid for Second cycle degree programme (LM) in Financial Markets and Institutions (cod. 0901)
Learning outcomes
The course provides the necessary tools to understand the financial investment choices of individual and institutional investors. At the end of the course students are expected to know theoretically and practically how to assess the performance and risks of the main financial instruments traded on financial markets, to know how to combine the individual securities in a portfolio; to know the evaluation criteria of the main financial instruments (bonds, equities and derivatives), the principles of modern portfolio theory and the main combination strategies of financial portfolios.
Course contents
§ Introduction to CAPM Standard/ Standard CAPM;
§ Alternative CAPM versions;
§ Empirical tests of equilibrium models;
§ The APT model;
§ Value at risk e risk management indicators;
§ Passive and Active Management;
§ Absolute Return Management;
§ Hedge Funds;
§ Portfolio performance assessment;
§ Institutional Investors after the Crisis;
§ In-depth analysis: how to get information from financial markets and use it in portfolio management.
§ Seminars of Investment Strategies of the main Institutional Investors (Pension Funds, Private Pension Schemes, Foundations)
Readings/Bibliography
E. J. Elton, M. J. Gruber, S. J. Brown, W. N. Goetzmann, Modern Portfolio Theory and Investment Analysis (8th edition); John Wiley & Sons
The complete bibliography will be available at the beginning of the course and will be posted in the reserved area https://campus.cib.unibo.it/cgi/users/ signing the list: giuseppe.lusignani.ETMF1718 (https://www.dsa.unibo.it/uniboldap2/logout.aspx )
Teaching methods
Assessment methods
The exam will be a written test.
Teaching tools
Lectures and seminars
Office hours
See the website of Giuseppe Lusignani