Checking date: 07/02/2024

Versión en español

Course: 2023/2024

Asset valuation and selection
(13776)
Bachelor in Finance and Accounting (2008 Study Plan) (Plan: 144 - 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:
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. Before attending the practice sessions, students must complete the MATLAB Onramp (https://MATLABacademy.mathworks.com/) course. Please email the MATLAB Onramp Course Completion Certificate to ypenya@eco.uc3m.es prior to the first practice session.
Objectives
This course presents the main tools for designing and evaluating investment strategies. First, we review the main asset classes and investment instruments. After describing the main asset classes, investment instruments, and portfolio performance measures, we focus on the critical aspects of sustainable financial investing. Next, we review the elements of investment strategies, and the course ends with some suggestions for personal portfolio choice. All the material and the readings are in English. Practice sessions by groups are based on MATLAB Live Scripts. The students must present a final individual project developed using MATLAB. Before attending the practice sessions, students must complete the MATLAB Onramp (https://MATLABacademy.mathworks.com/) course. Please email the MATLAB Onramp Course Completion Certificate to ypenya@eco.uc3m.es prior to the first practice session.
Skills and learning outcomes
Link to document

Description of contents: programme
PROGRAM: Chapter 1. Introduction What is this course about? Is this course for you? MATLAB A.I. Policy Grading Financial asset classes Investment Instruments Standardized Asset Description Appendix: Books and Movies Chapter 2. Asset Classes, Investments Instruments, and Portfolio Performance Asset Classes Historical Performance Risk Factors Investment Instruments CFD Investment funds ETF Assessing Portfolio Performance Chapter 3. The Elements of the Investment Strategy Passive Investment Active Investment Asset Allocation : Strategic, Tactical, Global Security Selection Market Timing Chapter 4. Sustainable Finance Why is sustainability important? Traditional and sustainable finance Integrated Value Creation Climate Risk and Asset Pricing ESG factors ESG Investment Strategies Green Financial products Carbon markets Chapter 5. Personal portfolio choice Preliminaries Risk aversion and prudence Instruments Insurance Asset classes Life-cycle portfolio choice
Learning activities and methodology
Methodology: (1) Theory. (2) Cases (3) Computer simulations. (4) Exercises (5) Class discussion.
Assessment System
  • % end-of-term-examination 0
  • % of continuous assessment (assigments, laboratory, practicals...) 100
Calendar of Continuous assessment
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