Curricula Guides
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Archived Curricula Guide 2014–2016
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
Joonas Hämäläinen
Planned organizing times
Period(s) I II III IV
2014–2015 X
Preceding studies
LR05 and TKMY3 have to be completed. It is highly recommended that LRS22/TKM7 /KT35 Ekonometrian peruskurssi (Econometrics 1) or similar has also been completed.

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) and exercises 12 h in English (2 hours/week).

Modes of study

Option 1
Available for:
  • Degree Programme Students
  • Other Students
  • Doctoral Students
  • Exchange Students
Participation in classroom work
  • In English
Exercise(s)
  • In English
Written exam
  • In English

Evaluation and evaluation criteria

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

Recommended year of study

4th or 5th

THIS COURSE IS NOT OFFERED IN THE ACADEMIC YEAR 2015-16.
THe COURSE IS OFFERED EVERY OTHER YEAR AND ALTERNATE EVERY OTHER YEAR WITH COURSE TKM11/LRS23 Rahoituksen kvantitatiiviset menetelmät.

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.

Belongs to following study modules

Department of Accounting and Finance
Valinnaiset opinnot (Quantitative Methods in Management)
Department of Economics
Department of Economics
Department of Accounting and Finance
Department of Accounting and Finance
Department of Economics
Turku School of Economics
Turku School of Economics
Department of Economics
Department of Accounting and Finance
Department of Accounting and Finance
Valinnaiset opintojaksot (Accounting and Finance)
Department of Accounting and Finance
Pakolliset opintojaksot (Accounting and Finance)
Department of Accounting and Finance
Valinnaiset opintojaksot (Accounting and Finance)
Department of Accounting and Finance
Pakolliset opinnot (Quantitative Methods in Management)
Department of Accounting and Finance
Department of Accounting and Finance
Department of Economics
Department of Economics
Department of Economics
Department of Economics
Department of Economics
Department of Economics
2015–2016
Teaching
Archived Teaching Schedule. Please refer to current Teaching Shedule.
Implementation details are unavailable.
Department of Accounting and Finance
Accounting and Finance
Quantitative Methods in Management
Business Law