1) Goals : The main aim of the course is to provide the students with fundamentals in finance theory. The emphasis is on portfolio choice theory and on financial markets equilibrium .
2) Course overview :
Chapter 1 : Risk and decision
Chapter 2 : The modern portfolio choice theory
Chapter 3 : Equilibrium models
Chapter 4 : Portfolio performance measure and management styles
Basic knowledge in financial theory.
Main language used by this course: Anglais et Français.
Danthine, J.-P., Donaldson, J.B., 2005. Intermediate Financial Theory. Academic Press Advanced Finance Series, Elsevier.
Elton, E.J., Gruber, M.J., Brown, S.J., Goetzmann, W.N., 2011. Modern Portfolio Theory and Investment Analysis. Eighth Edition, Wiley.
Kast, R., Lapied, A., 2006. Economics and finance of risk and of the future. Wiley.
Basic knowledge in financial products (stocks, bonds) and in discounting.
Lectures : 24H, tutorials : 12H
Controls : exercises concerning the tutorial (1/3) and questions about the lectures (weight 2/3)