Всего учебных программ в данном разделе: 3
Macro Investment Analysis [учебная программа]
Опубликовано на портале: 27-06-2006William F. Sharpe
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.
Derivatives Markets I [учебная программа]
Опубликовано на портале: 23-10-2003Constantinos Skiadas
A rigorous and quantitatively demanding MBA course on futures, options, and related derivatives. The emphasis is on arbitrage pricing and hedging methods.
Investments [учебная программа]
Опубликовано на портале: 27-06-2006Robert F. Stambaugh
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.