Checking date: 28/08/2018

Versión en español

Course: 2018/2019

Asset valuation and selection
(13776)
Bachelor in Finance and Accounting (Study Plan 2018) (Plan: 399 - Estudio: 201)


Coordinating teacher: PEÑA SANCHEZ DE RIVERA, JUAN IGNACIO

Department assigned to the subject: Business Administration Department

Type: Electives
ECTS Credits: 6.0 ECTS

Course: 4º
Semester:



Requirements (Subjects that are assumed to be known)
Mathematics (Linear Algebra and Calculus), Statistics, Econometrics I and II, Microeconomics III, Financial Economics, Corporate Finance, Financial Systems
ObjectivesFurther information on this link
The design and management of Long-run and short-run investment strategies
Description of contents: programme
PROGRAM: Chapter 1. Introduction What is this course about? Grading Data and Software Asset standardized description Project Basic ideas Asset classes: historical performance CFD ETF Chapter 2. Why sustainable investing? Evidence on Climate Change (CC) Causes Projections (IAM Models) Consequences Strategies International protocols Chapter 3. Green Investment Gap Dealing with Climate Change Green Investment Gap ESG factors Initiatives: UN, EU The role of the insurance sector Low Carbon Economy in six charts Chapter 4. Sustainable Investing: Green Bonds What is a green bond? Labeling The market of GB Primary market Secondary market Portfolios Real-economy effects Chapter 5. Sustainable Investing: Stock Markets Doing well or doing good? ESG factors Security selection SRI performance Testing factors Multiple testing ESG ratings Trading strategies Evaluating trading strategies Chapter 6. Sustainable Investing: Green Real Estate Real estate and the environment Investing in energy efficiency Green Buildings REITS Green mortgages Chapter 7. Sustainable Investing: New markets Carbon markets CDM&JI ETS EU-ETS Carbon prices Carbon markets strategies Tradable White certificates (Energy Savings Certificate, Energy Efficiency Credit). Chapter 8. Investment strategies Passive and Active investment strategy Performance measures J.M. Keynes as investor Market timing Security Selection Warren Buffet, Georges Soros and the Norway Sovereign Fund Global Asset Allocation Chapter 9. Personal portfolio choice Preliminaries Life expectancy Instruments Insurance Asset allocation Investment funds REITS Chapter 10. Behavioral finance Efficient Markets? Some experiments Psychology Biases Preferences Prospect Theory Limits to Arbitrage Bubbles Behavioral Investment Strategies
Learning activities and methodology
Methodology: (1) Theory. (2) Cases (3) Computer simulations. (4) Exercises (5) Class discussion.
Assessment System
  • % end-of-term-examination 40
  • % of continuous assessment (assigments, laboratory, practicals...) 60

Basic Bibliography
  • - COCHRANE, J.H.. Asset Pricing. Princeton University Press. . 2005
  • - DIMSON, E., P. MARSH, and M. STAUNTON . Triumph of the Optimists: 101 Years of Global Investment Returns. Princeton University Press. 2002
  • - SHEFRIN, H. . Beyond Greed and Fear: Understanding Behavioral Finance. Oxford University Press. . 2002
  • A. Ilmanen. Expected returns. Wiley. 2011
  • CAMPBELL, J. y VICEIRA, . Strategic Asset Allocation. Oxford University Press. . 2002.
Additional Bibliography
  • H. Minsky. Stabilizing an unstable economy. McGraw Hill. 2008
  • Monnery, N. . Safe as Houses?. A Historical Analysis of Property Prices. .. London Publishing.. 2011

The course syllabus may change due academic events or other reasons.


More information: http://www.uc3m.es