FINANCE 647 - Investment

Course Description

This class provides a rigorous treatment of the fundamental principles of investments, investment management, and asset pricing. Topics include asset allocation, asset pricing models (including the capital asset pricing model (CAPM), factor models, and consumption based asset pricing), international diversification, active portfolio management, performance evaluation, the interaction between capital markets and the macro economy, as well as alternative investments such as hedge funds and private equity. The course should be valuable from the perspective of the individual investor, the corporate financial manager, and the investment manager.

Prerequisites

Prerequisites are Finance 350, Global Financial Management, and Decision 311, Probability and Statistics, or equivalent. Students should not be easily intimidated by mathematical formulas.