Учебные программы

Цель курса «Инвестиционный менеджмент»: рассматриваются задачи стратегии и тактики инвестиционного менеджмента, связанные с изучением формирования и использования инвестиционных ресурсов, предназначенных для реальных и портфельных инвестиций.
Объем курса: 32 часа лекций и 16 часов семинарских занятий.

К содержанию курса «Инвестиционный менеджмент» прилагается список рекомендованной литературы

Дисциплина преподается на 5 курсе Финансовой Академии при Правительстве РФ. Объем лекций - 36 часов, семинаров - 12 часов. В курсе рассматриваются различные виды производных финансовых инструментов - опционы, фьючерсы, свопы, их функции и специфика. Программа включает содержание курса, темы лекций и практических занятий, списки основной и дополнительной литературы.

Examines the role and functioning of securities markets. Specific topics include the equity market, fixed-income securities market, and mutual funds. The course presents portfolio and capital market theory, the efficient markets hypothesis, institutional organization, and security valuation techniques. This is a course designed to give you some basic knowledge of the principles of investing, but more importantly to teach you correctly about investing. It is a blend of theory and practice. We learn "theory" because it teaches us how to think. We learn "practice" because that is where we apply what we learned when learning how to think. The point of view of this course is as an institutional investor. In fact a project required for this course is to apply what you learn to develop a long term investment plan for yourself.

This course surveys the basic theory and practice of investments, including: asset valuation; stocks, bonds, and hybrid securities (including options and financial derivatives); impact of risk and uncertainty on expected market returns for risky assets; quantification of risk; asset allocation; creation of portfolios to diversify market risk; the Capital Asset Pricing Model (CAPM); Arbitrage Pricing Theory (APT); factor models; and the theory and tests of market efficiency. The course is designed for SPEA masters’ students with interests in investment management, and design of investment portfolios. It will be of use to those who will seek work in city and state finance offices, state treasuries, investment banks, commercial bank trust departments, pension funds, mutual funds, and other financial institutions

This course is Macro Investment Analysis. It can be considered a second course on portfolio management. Author take a particular view of the portfolio management process, with emphasis on (1) the decisions that must be made by and/or for the ultimate investor and (2) the analytic tools and empirical evidence that can help inform such decisions.

A rigorous and quantitatively demanding MBA course on futures, options, and related derivatives. The emphasis is on arbitrage pricing and hedging methods.

The objective of this course is to undertake a rigorous study of theory and empirical evidence relevant to investment management. Topics covered include (1) the behavior of security prices, (2) objectives for short-term and long-term investing, (3) diversification, (4) constructing optimal portfolios, (5) modeling and estimating risk-reward tradeoffs, (6) active vs. passive strategies, and (7) evaluating the performance of managed portfolios. Much of the course is devoted to common stocks, but other investments, especially fixed-income securities, will be included. The course does not cover individual security selection and valuation (i.e., this is not a course on equity research or stock picking). The course is applied in an important sense, in that various concepts and approaches are subjected to real-world data. On the other hand, the course devotes less time to the institutional aspects of investment management and is fairly quantitative. Rather than describe the operational details of current practice, the course atempts to provide a lasting conceptual framework in which to view the investment process and to analyze future ideas and changes in the investment environment. The prerequisites are Fin 601 and Stat 621 (MBA students) or Fin 102 and Stat 101 (undergraduates). Given that investment management requires one to understand and deal effectively with randomness, a good grounding in statistics is essential, and familiarity with statistics should extend through multiple regression, covariance, and correlation.