Investments

Aннотация:
Students will learn how to construct mean-variance efficient portfolios and how to evaluate a portfolio's performance. Topical areas include: securities and markets, portfolio theory, asset pricing, market efficiency, stock valuation, portfolio management and international diversification.

I. PORTFOLIO THEORY
1. Overview of Investments
2. Securities
3. Security Markets (portfolio selection due)
4. Dimension for Choice
5. Portfolio Theory
6. Identifying the Efficient Frontier
7. Estimating the Inputs

II VALUATION
8. The Capital Asset Pricing Model (Markowitz analysis due)
9. Market Efficiency
10. Fundamentals of Valuation
11. Bond Valuation
12. Managing Bond Portfolios
13. Stock Valuation
14. Earnings Estimation

III PORTFOLIO MANAGEMENT
15. Portfolio Selection
16. Evaluating Portfolio Performance
17. Evaluating Security Analysis
18. Investments Companies
19. International Investing
20. Introduction to Options
21. Option Valuation

LITERATURE
Sears, Trennepohl Investment Management, 1st Edition, Dryden Press
Wall Street Journal