| Description
| The goal of this course is to provide a basic understanding of modern investment theory and its application to investment management. When you finish this course, you should have a thorough understanding of security pricing and portfolio management. You will have basic theoretical skills enabling you to understand modern developments in investments and you will be familiar with investment practices. The course will cover the following areas: 1) Portfolio Theory: Risk and Risk Aversion, Capital Allocation between the Risky Asset and the Risk-Free Asset and Optimal Risky Portfolios; 2) Equilibrium in Capital Markets: Capital Asset Pricing Model, Single-Index and Multifactor Models, Arbitrage Pricing Theory and Market Efficiency; 3) Fixed-Income Securities: Bond Prices and Yields, Managing Bond Portfolios; 4) Equity Valuation Models; 5) Portfolio Performance Evaluation.
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