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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:- Understand major investment media and quantify and evaluate their risks and returns.- Understand the theoretical basis and practical implementations of widely-used asset pricing theories.- Explain the elements of industry and competitive analysis- Define valuation and intrinsic value and explain possible sources of perceived mispricing- Discuss the use of equity valuation- Illustrate the broad criteria for choosing an appropriate approach for valuing a particular company- Quantify financial risk and evaluate investment performance.
(1) FINC201, FINC203 and one of (MATH101 or MATH102 or MATH199); or (2) FINC201 and MATH103
FINC364, AFIS314
Louis Murray
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
Bodie, Zvi., Kane, Alex., Marcus, Alan J; Investments ; 10th ed; McGraw-Hill/Irwin, 2014.
Course Outline
Domestic fee $775.00
International fee $3,188.00
* 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 .