ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | PORTFOLIO THEORY | ||
Code | ECON923 | ||
Coordinator |
Professor OT Henry Finance and Accounting Olan.Henry@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2021-22 | Level 7 FHEQ | First Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
24 |
10 |
5 |
39 | |||
Timetable (if known) | |||||||
Private Study | 111 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Examination There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :1 | 2 Hours | 80 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Mid-term test There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :1 | 1 Hour | 20 |
Aims |
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To understand and appreciate the basic notions underlying the management and selection of efficient investments for portfolio construction. Special emphasis is given to notions of efficiency and the discussion of selection criteria. |
Learning Outcomes |
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(LO1) Appreciate the pivotal elements of decision making under certainty and uncertainty, risk and risk management, portfolio choice, management and performance evaluation; |
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(LO2) Develop a systematicunderstanding, knowledge and critical awareness of the nature, concepts andconstruction of portfolios, having regard for the type of investor; |
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(LO3) Apply knowledge,understanding and techniques underlying portfolio management strategies includingrisk management strategies in uncertain contexts; |
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(LO4) Develop a conceptual and practical understanding ofthe understanding of performance evaluation of portfolios at the forefront ofcurrent practice. |
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(S1) Adaptability |
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(S2) Numeracy |
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(S3) Commercial awareness |
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(S4) Teamwork |
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(S5) Organisational skills |
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(S6) Communication skills |
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(S7) International awareness |
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(S8) Lifelong learning skills |
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(S9) Ethical awareness |
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(S10) Leadership |
Teaching and Learning Strategies |
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Teaching Method 1 - Lecture Teaching Method 2 - Seminar Teaching Method 3 - Laboratory Work |
Syllabus |
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Investment decisions under certainty and uncertainty; The mean-variance approach to portfolio management: theory and implementation; The CAPM and multi-factor asset pricing models: theory and estimation investment performance evaluation; Portfolio selection and risk management; Practical portfolio management, to include topics from: Alternative investments, including: |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |