Investments (MSB205)

This course discusses investment decisions, in particular material relevant for portfolio managers. Topics include potential investment vehicles (investable assets), the trading environment (asset markets)and portfolio analysis (risk/return tradeoff). Particular emphasis is on the pricing of assets, such as stocks and bonds, portfolio evaluation,and market efficiency.


Course description for study year 2023-2024. Please note that changes may occur.

Facts

Course code

MSB205

Version

1

Credits (ECTS)

10

Semester tution start

Spring

Number of semesters

1

Exam semester

Spring

Language of instruction

English

Content

Examples of typical subjects covered are

- Financial instruments (equities, fixed income, derivatives).

- Pricing of stocks and bonds.

- Portfolio diversification

- Testing of asset pricing models.

- Alpha and other tools for portfolio evaluation.

- ESG inputs to portfolio decisions.

Learning outcome

Knowledge

Upon completion of the course students will gain knowledge of:

- Asset Markets, their instruments and how they are traded.

- Portfolio theory.

- Asset Allocation.

- How ESG considerations affect investment decisions.

- The international nature of financial investments.

Skills

Upon completion of the course, students will be able to

- Evaluate portfolio expected return and risk, using models such as the CAPM and its variants.

- Perform portfolio evaluations and evaluate performance of funds.

- Use various methods to price financial assets, such as stocks and bonds.

- Use software tools like R and Excel in investment settings.

- Build portfolios (asset allocation) to match the desired goal of an investor.

Required prerequisite knowledge

None

Recommended prerequisites

MSB309 Corporate Finance

Exam

Form of assessment Weight Duration Marks Aid
Written exam 1/1 4 Hours Letter grades Valid calculator

Coursework requirements

Assignments

Further details about course requirements are given in the syllabus available at the beginning of the teaching semester.

Parts of the course requirements is handins to problems/cases that need to be passed before the students can take the exam.

Course teacher(s)

Course coordinator:

Bernt Arne Ødegaard

Study Program Director:

Yuko Onozaka

Method of work

The course is mainly delivered as lectures.

Overlapping courses

Course Reduction (SP)
Investments (MØA205_1) 10

Open for

Master in Accounting and Auditing Business Administration - Master of Science Business Administration - Master of Science (5 years)

Course assessment

There must be an early dialogue between the course coordinator, the student representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital course evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.

Literature

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