Curricula Guides

Uusi opinto-opas (sisältäen myös opetusohjelmat) lukuvuodelle 2018-2019 sijaitsee osoitteessa https://opas.peppi.utu.fi . Tältä sivustolta löytyvät enää vanhat opinto-oppaat ja opetusohjelmat.

The new study guide (incl. teaching schedules) for academic year 2018-2019 can be found at https://studyguide.utu.fi. This site contains only previous years' guides.

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Archived Curricula Guide 2013–2014
Curricula Guide is archieved. Please refer to current Curricula Guides
LT013076 LRS31/KTS16/TKMS14 Asset Pricing and Portfolio Theory 6 ECTS
Organised by
Accounting and Finance
Person in charge
Mika Vaihekoski
Preceding studies
LR05 and TKMSY have to be completed. It is highly recommended that LRS22/TKM7 /KT35 Ekonometrian peruskurssi (Econometrics 1) or similar has also been completed.

General description

This course is not offered in the academic year 2013-14. This course is offered every other year and alternate every other year with course TKM11/LRS23 Rahoituksen kvantitatiiviset menetelmät.

Learning outcomes

This course deepens students’ skills in understanding and using portfolio theory as well as advanced asset pricing theories. Students are able to apply and test theories in practice and they understand their limits.

Contents

Pricing models including e.g. CAPM, APT, and more advanced models. Market efficiency and its implications. Portfolio theory and its extensions. Portfolio management in practice. Performance analysis. Behavioral finance. The latest results as well as empirical testing of the theories are also covered in the course.

Teaching methods

Teaching method Contact Online
Lectures 24 h 0 h
Exercises 12 h 0 h

Lectures 24 h in English (4 hours/week, Vaihekoski) and exercises 12 h in English (2 hours/week, Hämäläinen).

Evaluation and evaluation criteria

Numeric 0-5.
1-5 based on the exam and home assignments.

Recommended year of study

4th or 5th III

Study materials

1. MODERN PORTFOLIO THEORY AND INVESTMENT ANALYSIS Edwin J. Elton…/et al./Wiley 2010 (8. painos).
2. CAMPBELL, JOHN Y.; VICEIRA, LUIS M., Strategic asset allocation portfolio choice for long-term investors. Oxford University Press 2002.
3. COCHRANE, JOHN H., Asset pricing. Princeton University Press 2005.
Supplementary material for the exam or for the course.
Other material required and/or distributed by the lecturer.

Further information

This course is not offered in the academic year 2013-14. This course is offered every other year and alternate every other year with course TKM11/LRS23 Rahoituksen kvantitatiiviset menetelmät.

Belongs to following study modules

Department of Accounting and Finance
Department of Accounting and Finance
Turku School of Economics
Turku School of Economics
Department of Economics
Department of Economics
Department of Economics
Department of Economics
Department of Economics
2013–2014
Teaching
Archived Teaching Schedule. Please refer to current Teaching Shedule.
Implementation details are unavailable.
Department of Accounting and Finance
Accounting and Finance
Business Law
Quantitative Methods in Management