Lecture 1 (week1) Markets & Financial Securities (1)
Lecture 2 (week1) Markets & Financial Securities (2)
These two lectures introduce various fixed-income securities, equity securities, bond and equity markets.
Required readings: Levy and Post Chapter 2.
Lecture 3 (week2) Foundations of Investment Analysis (1): Risk and Return
This lecture introduces the following concepts: measuring return, measuring risk, Characteristics of risk and return of securities, portfolios' risk and returns.
Required readings: Elton and Gruber Chapters 1 (pp. 4-9), 2.
Lecture 4 (week2) Foundations of Investment Analysis (2): Utility Theory
This lecture introduces the utility theory.
Required readings: Elton and Gruber Chapter 10.
- Lecture 5 (week3) Foundations of Investment Analysis (3): Some Basic Issues
This lecture explains some basic issues such as the rational economic man, investment objectives, investment constraints, life cycle effect on investment strategies, and a personal approach to portfolio formation.
Required readings: Elton and Gruber Chapter 4
Lecture 6 (week3) Portfolio of Two Assets
Required readings: Elton and Gruber Chapter 5
Lecture 7 (week4) Efficient Portfolio ? Definition and Properties
Required readings: Elton and Gruber Chapter 5
Lecture 8 (week4) Techniques for Portfolio Construction
This lecture explains the Markowitz model of portfolio selection.
Required readings: Elton and Gruber Chapter 6
Lecture 9 (week5) The Single-Index Model
Required readings: Elton and Gruber Chapter 7
Lecture 10 (week5) Constructing Portfolios Using the Single-Index Model (1)
Required readings: Elton and Gruber Chapter 9
Lecture 11 (week6) Constructing Portfolios Using the Single-Index Model (2)
Lecture 12 (week6) Workshop
Lecture 13 (week7) Evaluating Portfolio Performance
This lecture introduces some conventional methods to evaluate portfolio performance.
Required readings: Elton and Gruber Chapter 24
Lecture 14 (week7) Duration
This lecture introduces the concept of duration as a measure of interest rate risk of a bond.
Required readings: Elton and Gruber Chapter 21
Lecture 15 (week8) Managing Bond Portfolios - Passive and Active Strategies
Required readings: Elton and Gruber Chapter 21
Lecture 16 (week8) International Asset Allocation (1)
Lecture 17 (week9) International Asset Allocation (2)
These two lectures explain the issues in international diversification of investments.
Required readings: Elton and Gruber Chapter 12
Lecture 18 (week9) Emerging Markets
This lecture discusses the issues in investing in emerging markets.
Required readings: Elton and Gruber Chapter 12
Lecture 19 (week10) Hedging Portfolio Value with Futures
Required readings: Elton and Gruber Chapter 23
Lecture 20 (week10) Hedging Portfolio Value with Options
Required readings: Elton and Gruber Chapter 22
