Portfolio Management
Course Name: Portfolio Management
Teachers: Nikitas Pittis
School: Finance and Statistics
Department: Banking and Financial Management
Level: Undergraduate
Course ID: — Semester: 8th
Course Type: General Background
Prerequisites: –
Teaching and Exams Language: Greek
Course Availability to Erasmus Students: Yes (If they speak Greek)
Course webpage: –
Specific Teaching Activities |
Weekly Teaching Hours |
Credit Units |
Lectures |
4 |
Course Content
We cover theories and empirical results related to portfolio composition, management and evaluation. Students are using EXCEL to solve problems in portfolio management.
Topics
Introduction in portfolio management
Analysis of shares using investment ratios
Analysis of shares using the criteria of Markowitz
Portfolio analysis I
Portfolio analysis II
Single index model
Capital market theory
Portfolio performance
A three-dimensional model between expected return and risks.
Teaching Results
– EVALUATE SHARES AND PORTFOLIOS OF SHARES
– CAN CALCULATE RISKS RELATED TO SHARES AND PORTFOLIOS OF SHARES
– CAN CALCULATE MINIMUM RISK PORTFOLIOS
– CAN USE EXCEL FOR SOLVING PROBLEMS IN PORTFOLIO MANAGEMENT
Skills
– ANALYSIS AND EVALUATION OF SHARES
– ANALYSIS OF PORTFOLIOS
– CAN CALCULATE RISKS RELATED TO SHARES AND PORTFOLIOS OF SHARES
– CAN SELECT MINIMUM VARIANCE PORTFOLIOS
– CAN USE PORTFOLIO PERFORMANCE MEASURES
– CAN USE EXCEL FOR SOLVING PROBLEMS IN PORTFOLIO MANAGEMENT
Teaching and Learning Methods - Evaluation
Lecture: Ιn Class
Use of Information and Communication Technologies: Use of PowerPoint
Teaching Analysis:
Activity |
Semester Workload |
Lectures |
52 |
Study |
98 |
Total |
150 |
Student Evaluation:
Final written exam
Recommended Bibliography
Basu, S. (1977) Investment performance of common stocks in relation to their price earnings ratios: A test for market efficiency, Journal of Finance, 32, 663-682.
Black, F., M.C. Jensen and M. Scholes, 1972, The capital asset pricing model: Some empirical tests, in: M. Jensen, ed., Studies in the theory of capital markets, (Praeger Publishers, Inc., New York), 79-121.
Blume, M.E. and I. Friend, 1973, A new look at the capital asset pricing model, Journal of Finance, 28, 19-33.
Diacogiannis G. (1986) Arbitrage Pricing Model: A Critical Examination of its Empirical Applicability for the London Stock Exchange, Journal of Business Finance and Accounting, 13, 489-504.
Diacogiannis G. (1999) A Three-Dimensional Risk-Return Relationship Based Upon the Inefficiency of a Portfolio: Derivation and Implications, European Journal of Finance, 5, 225-235.
Diacogiannis G. and P. Makri (2008) Estimating Betas in Thinner Markets: The Case of the Athens Stock Exchange (with P. Makri), International Research Journal of Finance and Economics, 13, 108-122.
Fama, E. F. and MacBeth (1973) Risk, Return and Equilibrium: Empirical Tests, Journal of Political Economy 81: 607–636.
