Portfolio Management

29-06-18 web.xrh 0 comment

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.