Unit name | Investment Management |
---|---|
Unit code | ECONM2030 |
Credit points | 15 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Dr. Friederich |
Open unit status | Not open |
Pre-requisites |
Asset Pricing ECONM2035 |
Co-requisites |
None |
School/department | School of Accounting and Finance - Business School |
Faculty | Faculty of Social Sciences and Law |
This unit describes the techniques used by investment managers to build and maintain portfolios of stocks and bonds and the techniques used by investors to assess portfolio manager performance.
As such, the course would be excellent preparation for those considering a career in fund management or quantitative trading.
The course has a largely practical bias but the material is presented from a rigorous, model-based perspective. We start with a review of the theory relevant to investment strategies and portfolio choices (market efficiency, basic asset pricing models, the Grossman/Stiglitz paradox…)
The course then develops the theoretical tools to assess the risk-adjusted performance of investment strategies. The unit also examines in detail the empirical evidence available on the performance of professional portfolio managers.
Please include reference to any distance learning or any significant e-learning components, if appropriate
20 contact hours, split between lectures and exercise lectures (typically 14 hours lectures, 6 hours exercise lectures). In addition, scheduled clinics are organised in which the students can discuss individual questions and problems.
The unit is assessed via a two-hour examination which tests all intended learning outcomes.
Formative assessment is undertaken through exercise lectures, where students receive verbal and written feedback on their work. Model solutions to practice questions are also available. Students seeking additional, one-to-one support with numerical assignments may attend drop-in clinics scheduled every week.