Students are expected to have completed core courses in basic finance, statistics and mathematics, and Portfolio theory Module A

OBIETTIVI FORMATIVI
- to examine market efficiency in practice
- to construct and use alternative methodologies to evaluate portfolio performance; to examine alternative portfolio strategies
RISULTATI ATTESI:
Having successfully completed this module, students will be able to:
- Develop general portfolio construction for a range of practical problems
- Understand various ways in generalizing the basic portfolio optimization models to more complex situations
- Demonstrate knowledge and understanding of applying the portfolio construction in practice,
- demonstrate knowledge and understanding of active and passive portfolio management

This module adds supplementary contents to Portfolio Theory Module A, as following:
- Investment analysis and strategies: technical analysis, fundamental analysis, active and passive portfolio management
- Portfolio performance evaluation
- International diversification

• 1.  (A) Bodie,Z., Kane, A., Marcus, A< Investments, 12 ed, McGrawHill, NY, 2021 » Pagine/Capitoli: 24,25,26,27.
• 2.  (C) Bodie, Z., Kane, A, Marcus, A. Essentials of Investments 12ed. McGrawHill, New York, 2022 » Pagine/Capitoli: Part 6 - Active Investment Management
• 3.  (C) Elton, Edwin J., Gruber, Martin J., Brown, Stephen J., Goetzmann, William N. Modern portfolio theory and investment analysis Wiley, NY, 2014 » Pagine/Capitoli: Parts 4 and 5

All the materials used during the class will be uploaded on the teacher's personal page.

• - interactive lectures
  - case studies
  - homework problems and data exercises
  

• The final score will be calculated as follows:
  Homework/Data exercises 30% (points awarded only if the minimum requested grade (18) is obtained at the final exam.)
  Final exam 70%
  
  The final exam is written, and it includes two sections, respectively :
  - multiple choice questions section, aimed to assess the level of understanding of the theory,
  - numerical problems section, aimed to evaluate the individual ability to put in practice theoretical concepts of portfolio theory
  

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English