LT013076 LRS31/KTS16/TKMS14 Asset Pricing and Portfolio Theory 6 op
Organised by
Accounting and Finance
Person in charge
Mika Vaihekoski
Planned organizing times
Period(s) I II III IV
2016–2017 X
Preceding studies
LR05 and TKMY3 have to be completed. It is highly recommended that TKM7/LRS22/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 to 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. Empirical tests of the theories as well as review of the latest results 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, Hannula).

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 2017-18. THIS 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

Taloustieteen laitos
Taloustieteen laitos
Taloustieteen laitos
Laskentatoimen ja rahoituksen laitos
Valinnaiset opinnot (Taloustieteiden kvantitatiiviset menetelmät)
Laskentatoimen ja rahoituksen laitos
Laskentatoimen ja rahoituksen laitos
Quantitative Methods in Management, courses lectured in English (Taloustieteiden kvantitatiiviset menetelmät)
Turun kauppakorkeakoulu
Turun kauppakorkeakoulu
Taloustieteen laitos
Laskentatoimen ja rahoituksen laitos
Laskentatoimen ja rahoituksen laitos
Valinnaiset opintojaksot (Laskentatoimi ja rahoitus)
Laskentatoimen ja rahoituksen laitos
Pakolliset opintojaksot (Laskentatoimi ja rahoitus)
Laskentatoimen ja rahoituksen laitos
Valinnaiset opintojaksot (Laskentatoimi ja rahoitus)
Laskentatoimen ja rahoituksen laitos
Pakolliset opinnot (Taloustieteiden kvantitatiiviset menetelmät)
Laskentatoimen ja rahoituksen laitos
Taloustieteiden kvantitatiivisten menetelmien syventävät opintojaksot (Taloustieteiden kvantitatiiviset menetelmät)
Laskentatoimen ja rahoituksen laitos
Taloustieteen laitos
Taloustieteen laitos
Taloustieteen laitos
Taloustieteen laitos
Taloustieteen laitos
Laskentatoimen ja rahoituksen laitos
Laskentatoimen ja rahoituksen laitos
2016–2017
Teaching
Archived Teaching Schedule. Please refer to current Teaching Shedule.
Implementation details are unavailable.
Laskentatoimen ja rahoituksen laitos