Mathematics, Statistics, Econometrics I and II, Microeconomics III, Financial Economics, Corporate Finance, Financial Systems

Diseño y gestion de estrategias de inversion a corto y largo plazo.

Starting from the basic asset pricing equation, the rational asset pricing theories are first summarized. The basic ideas of Behavioral Finance are introduced below. Finally, the main approaches to financial investment are described based on asset classes, systematic strategies, and risk factors, including strategic asset allocation. All bibliography is in English. PROGRAM: 1. The basic asset pricing equation 2. Rational asset pricing theories 3. Behavioral Finance 4. Asset classes: historical evidence of results 5. Systematic investment strategies 6. Asset Allocation 7. Asset Selection 8. Strategic Asset Allocation

The teaching methodology will include: 1. Master classes, where the knowledge that students must acquire will be presented. 2. Discussion of real cases of portfolio management activity in which specific problems that may arise in it will be analyzed. 3. Simulations in computer classrooms in which the various investment portfolios designed by the students who have been distributed in groups are put into competition. 4. Resolution of exercises by the student that will help them self-evaluate their knowledge and acquire the necessary skills. 5. Sharing the answers to the exercises, as well as the possible errors that have arisen in the competition between portfolios.