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The theoretical principles of investments and their applications to investment policy.
This course is an introduction to major issues currently of concern to all investors. It examines investments and portfolio management from both a theoretical and practical perspective. Emphasis is placed on development a set of skills and competencies needed to succeed as an investment professional, especially those related to investment analysis and portfolio formation and management. Topics covered include portfolio and capital market theory, asset pricing, valuation of financial assets, efficient markets theory, portfolio creation, performance measurement, and other aspects of portfolio management.
Upon successful completion of the course students will be able to:a. Be able to develop key components of an investment policy statementb. Demonstrate an understanding of major investment media and quantify and evaluate their risks and returns.c. Understand the theoretical basis and practical implementations of widely-used asset pricing theories.d. Define valuation and intrinsic value and explain possible sources of perceived mispricinge. Calculate the recommended value (price) of equity and justify a buy or sell recommendationf. Illustrate the broad criteria for choosing an appropriate approach for valuing a particular companyg. Quantify financial risk and evaluate investment performance.h. Achieve a higher standard of professional excellence while mastering methods to analyze ethical dilemmas
This course will provide students with an opportunity to develop the Graduate Attributes specified below:
Critically competent in a core academic discipline of their award
Students know and can critically evaluate and, where applicable, apply this knowledge to topics/issues within their majoring subject.
Employable, innovative and enterprising
Students will develop key skills and attributes sought by employers that can be used in a range of applications.
Globally aware
Students will comprehend the influence of global conditions on their discipline and will be competent in engaging with global and multi-cultural contexts.
(1) FINC201; and (2) MATH101 or MATH102 or MATH199
FINC203 or MATH103
Students must attend one activity from each section.
Huong Dang
In order to pass the course, you must obtain:(i) A grade of 45% or better on the final exam; and(ii) An average grade of 50% or better overall.Assessments as shown are to be confirmed.
Bodie, Zvi., Kane, Alex., Marcus, Alan J; Investments ; 12th; McGraw-Hill/Irwin, 2020.
Pinto, Henry, Robinson, Stowe; Equity asset valuation ; 2nd; John Wiley & Sons.
Domestic fee $893.00
International fee $4,200.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Department of Economics and Finance .