Office hours: 17:00-20:00, Tuesday and by appointment
This course provides the information and guidance needed by individual investors to make
investments decisions and to achieve their investment goals.
It gives students the information they need to develop, implement and monitor a successful investment program. It also provides them with solid foundation of basic concepts, tools and techniques.
Firstly it describes the overall investment environment, including the various investment markets, information and transactions. Next it presents conceptual tools needed by investors, the concepts of return and risk and the basic approaches to portfolio management. It then examines the most popular investments vehicles such as common stocks, bonds and mutual funds and their most sophisticated ones such derivative securities. It also describe on how to construct and administrate one’s own portfolio.
Upon completion of this course, the student should have a critical and informed understanding and ability related to the following:
The ability to develop and implement a successful investment program;
Solid understanding of the basic concepts and tolls of investing/risk and return;
Knowledge of the overall investment environment;
Tools needed by investors and the concepts of risk management;
Knowledge of investment vehicles such as common stocks, bonds and mutual funds;
Understand Stock Valuation and Market Efficiency;
Basic understanding of derivative securities: futures and options;
How to construct and administrate portfolios; and
Understand Fixed Income Securities and Bond Valuation.
There will be two exams that together will represent 70% of the total course evaluation. There will also be also an investment game and presentation which will represent 10% of the total course evaluation. Active class participation and attendance will count for the remaining 20%. Multiple choices, true/false, exercises and essay will be typical exam questions.
Smart, Gitman&Joehnk, Fundamentals of Investing, International Edition, 12th Edition (Pearson, 2013)
Reilly, Brown, Investment Analysis and Portfolio Management, 10th Edition
Graham, The intelligent investor, Revised Edition, 2003
Fabozzi, The Handbook of Fixed Income Securities, 8th Edition
Other materials will be given during the course
The methods and criteria of evaluation will be based on the following:
The criteria of evaluation will be based on how well the student has fulfilled the projected course objectives and learning outcomes established for the course. Participation is intended in an active way and includes homework completed.
|I||13/10||Investment Environment / Securities Markets & Transactions||1- 2|
|II||20/10||Investment Information / Return & Risk& Time Value of Money||3 – 4|
|III||27/10||Modern Portfolio Concepts||5|
|IV||03/11||Common Stocks and & Analyzing Common Stocks||6-7|
|VI||17/11||Market Efficiency and Behavioral Finance/Review Session||9|
|VIII||01/12||Fixed Income Securities||10|
|X||15/12||Mutual Funds and ETFs /Managing your own portfolio||12-13|
|XI||22/12||Options: Puts and Calls||14|
|XII||12/01||Commodities and Financial Futures||15|
* The instructor reserves the right to make appropriate alternation of the above tentative schedule
The formative assessment will be based on student participation, faculty student interaction, analysis of course materials, written presentations, project, other assignments and the midterm examination. The final exam will assess the student’s comprehension of the materials and concepts and theories of the course. It will serve as the basis of the summative assessment and recorded as a letter grade.
Participation extends beyond mere attendance. Students are expected to actively engage into class discussion and other activities, individual or in larger and smaller groups. Expect your instructor to keep track of how often you contribute to class discussion (as a whole). Attendance is compulsory as per the University rules. The student may miss up to four hours without penalty. Each absence beyond the first four hours will cost you points off of your participation grade. The only exceptions to this rule are severe illness (doctor’s note required) and UNYT approved trips/activities. In general: this class is intensive and interactive. Missing class could seriously affect your grade.
Students are advised to read the assigned Chapter before coming to the class. During each class students will be asked to comment on the relevant case studies related to that chapter. The assignments should be submitted within the deadline assigned by the instructor. No late assignment will be accepted unless rare instances in which case no full grade will be granted.
There are no make-up or grade –improvement projects available in this class. It is necessary that you take both exams in order to receive a grade in this course. In no case, will a make-up exam be given prior to exam days, and onlyin very rare instances,will a make-up exam will be allowed after a mid-term exam. There will be no make-up exam for the Final Exam.
You will be assigned homework throughout the semester to further enhance your learning. The Homework will come from the questions that the instructor will send you after each class. You will be graded on having the homework completed and turned in on time. Homework should be submitted on the day indicated in the schedule. Late homework will not receive credit unless arrangements are made. Answers should be individual.
There will be a Group Project/Presentation in the form of an investment game that students are expected to complete during the course. Students will be divided in Groups of 2.
Grading Scale will be determined as follows:
|Letter Grade||Percent (%)||Generally Accepted Meaning|
|B+||87-89||Good work, distinctly above average|
|D+||67-69||Work that is significantly below average|
|F||0-59||Work that does not meet the minimum standards for passing the course|
Outside Support: As a serviceto its students UNYT has created a series of support centers. For support related to study skills and time management, the Academic Support Center offers students tutoring and coaching. The Writing Center gives students feedback and help with papers and other writing assignments. If you feel that you have any exceptional learning difficulties or serious problems that interfere with your studies, you can stop by the UNYT Counseling Center. For information on any of these centers, please contact Dr. EnilaCenko, your academic advisor or me.
Assignments are to be excel, word-processed and power point. Continuing and regular use of e-mail and internet is expected.