Portfolio Theory

A compulsory course of the first semester of the Master’s Programme “Banking-Insurance and Finance”.

Course details

Code: MBAF05
Semester: 1st
Credits: 5 ECTS
Teaching hours: 2 per week (lectures and practical exercises)
Course type: Specialisation Course (ME)
Prerequisites: none
Language of teaching and examinations: Greek and/or English
Offered to Erasmus students: yes, upon relevant request
Mode of delivery: distance learning, synchronous and asynchronous
Total workload: 150 hours
Taught by: Nikolaos Sariannidis

Learning outcomes

On successful completion of the course, the student will acquire knowledge and skills enabling them to

Understand the time value of money
Know the concepts and purpose of the stock and derivatives exchange
Have knowledge of the basic theories of portfolio management. Analyse and calculate the cost of sources of financing, applying the appropriate models

Syllabus

Time value of money
Temporary and perpetual annuities
Valuation of bonds and debentures
Risk and investments
Portfolio
Portfolio return
Portfolio variance
Efficient portfolios
Capital Asset Pricing Model
Cost of capital

Assessment

Assessment is carried out in four ways, so as to give students a choice: practical exercises and progress tests (40%) with a written final examination (60%); the preparation of an assignment (20%) with a written final examination (80%); practical exercises and progress tests (40%), the preparation of an assignment (20%) and a written final examination (40%); a written final examination counting 100% for those who do not take part in the practical exercises and do not prepare an assignment. The practical exercises are specific exercises which students solve under the guidance and supervision of the teacher; the preparation of an assignment is optional. Language of assessment: Greek.