Checking date: 01/12/2023

Versión en español

Course: 2023/2024

Asset Valuation
(13199)
Bachelor in Business Administration (2008 Study Plan) (Plan: 147 - Estudio: 204)


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.
Objectives
- The design and management of Long run and short run investment strategies.
Skills and learning outcomes
Link to document

Description of contents: programme
Starting from the fundamental asset pricing equation, firstly the main rational asset pricing theories are reviewed. Then the core ideas of Behavioral Finance are discussed. Then the main approaches in financial investing are presented, based on asset classes, systematic strategies and risk factors, including strategic asset allocation. PROGRAM: 1. The fundamental asset pricing equation 2. Rational asset pricing theories 3. Behavioral Finance 4. Asset classes 5. Systematic investment strategies 6. Asset allocation 7. Securities selection 8. Strategic asset allocation
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
Calendar of Continuous assessment
Basic Bibliography
  • A. Ilmanen. Expected Returns. Wiley. 2011
  • J. Campbell and L. Viceira. Strategic Asset Allocation. Oxford University press. 2005
Additional Bibliography
  • H. Minsky. Stabilizing an Unstable Economy. McGraw Hill. 2008
  • M. Anson. Handbook of alternative investments. Wiley. 2006
  • N. Monnery. Safe as Houses? An Historical Analysis if property prices. London Publishing . 2011

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


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