Special Issues of Financial Management

Subject

• Concept and purpose of Financial Management
• Investments
• Risk and return
• Portfolio Theory
• The Markowitz model
• Efficient portfolios
• Optimal Portfolio
• Single index model
• Capital market theory
• The Capital Asset Pricing Model
• Portfolio performance measures and risk adjusted measures
• Diversified portfolios
• Mutual Funds and their Operating Framework
• Evaluation of fund managers
• Performance persistence of mutual funds

Educational Aims

The objective of the course is to deepen on financial issues through the development of case studies on specific areas. Specifically, the main objective of the course is the documentation of the methodological framework of portfolio theory, the evaluation of the performance and risk of mutual funds, the evaluation of effective portfolios, the knowledge of the appropriate techniques for dealing with real financial management problems.

The theory of the course is taking place in the classroom, while the knowledge of using large amount of data and the necessary scientific tools for management, evaluation and assessment portfolios with/without using software is taught in the computer lab.

At the end of this course the students shouldbe able to:

• Investigate in a systematic way the volume of information provided by the Internet and make use of the opportunities it offers for a better understanding of the theoretical and empirical framework of financial management,
• Process appropriate financial databases,
• Select and evaluate efficient portfolios,
• Comment and discuss for the difficulty of modern portfolio theory,
• Evaluate the performance and risk of funds,
• Evaluate the performance of fund managers,
• Evaluate the performance persistence of mutual funds, etc. 

Student Evaluation

Presentation of case studies and oral examination.

Bibliography