APPLIES TO ACADEMIC YEAR 2012/2013
GRA 6531 Portfolio Management|
Responsible for the course
Department of Financial Economics
According to study plan
Language of instruction
This course is taught in English
Theoretical and applied coverage of advanced portfolio management techniques, for equity only portfolios, for fixed income only portfolios and for mixed portfolios. Special consideration for pension, insurance and national fund portfolios.
Successful completion of GRA 6543 Introduction to Financial Economics/GRA 6533 Theory of Finance and GRA 6534 Investments or equivalent is required PRIOR to enrolling in this class. All exceptions must be approved in writing BEFORE the start of the course by the course instructor.
Litterman, Bob and the Quantitative Resources Group GSAM. 2003. Modern investment management : an equilibrium approach. Wiley
Diverse authors. Cases in portfolio management. Course specific case book available from XANEDU.com (NEW selection of cases each year - do not purchase previous year case book)
During the course there may be hand-outs and other material on additional topics relevant for the course and the examination.
Further readings and handouts may be assigned during the course and may be relevant for the final examination
Bodie, Zvi, Alex Kane, Alan J. Marcus. 2011. Invesments. 9th ed. McGraw-Hill/Irwin
Campbell, John Y., Luis M. Viceira. 2002. Strategic asset allocation : portfolio choice for long-term investors. Oxford University Press
Grinold, Richard C., Ronald N. Kahn. 2012. Active portfolio management : a quantitative approach for providing superior returns and controlling risk. 3nd ed. McGraw-Hill. Ny utg ventet høst 2012
The course will cover among others the following topics:
• Review of the Portfolio Management Process
• Investment process - client perspective
Excel based projects - Use of DataStream database, It's learning/homepage
Learning process and workload
A course of 6 ECTS credits corresponds to a workload of 160-180 hours.
Lectures and Case discussions. Most learning will take place through student discussion of cases in portfolio management.
Students will be responsible to prepare in groups a case or computer assignment for discussion prior to each class meetings. Each student must be prepared to present the case and to discuss her/his conclusions in the class room
Please note that it is the student’s own responsibility to obtain any information provided in class that is not included on the course homepage/It's learning or text book.
Your course grade will be based on the following activities and weights:
20% class participation and presentation
30% case write ups and computer exercises (6 alltogether, all turned in on paper, returned to the students prior to the end of the course)
10% write up for the last case and last computer assignment of the class (2 together - these last two assignments will be retained by the instructor after the course)
40% exam - three hours (3 hrs).
All parts of the evaluation need to be completed and passed during the same semester in order to get a grade in the course.
Since the major fraction of the course grade is based on class work and in particular on class participation, case presentations and discussions, CLASS ATTENDANCE IS MANDATORY. Specific information regarding student evaluation beyond the information given in the course description will be provided in class. This information may be relevant for requirements for termpapers or other hand-ins, and/or where class participation can be one for several elements of the overall evaluation.
This is a course with continuous assessment (several exam elements) and one final exam code. Each exam element will be graded using points on a scale (e.g. 0-100). The elements will be weighted together according to the information in the course description in order to calculate the final letter grade for the course. You will find detailed information about the point system and the cut off points with reference to the letter grades on the course site in It’s learning.
GRA 65313 accounts for 100 % of the final grade in the course GRA 6531.
Examination support materials
A bilingual dictionary and BI-approved exam calculator.
Exam aids at written examinations are explained under exam information in our web-based Student handbook. Please note use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids
It is only possible to retake an examination when the course is next taught.
The assessment in some courses is based on more than one exam code.
Where this is the case, you may retake only the assessed components of one of these exam codes.
Where this is not the case, all of the assessed components of the course must be retaken.
All retaken examinations will incur an additional fee.
In this course, since there is a single exam code, ALL components of the final evaluation must be retaken in order to get a new grade, including class participation, case write-ups and discussion, computer assignments, and final exam. It is NOT POSSIBLE to retake the final exam only WITHOUT retaking all the other components of the course.
Academic honesty and trust are important to all of us as individuals, and represent values that are encouraged and promoted by the honor code system. This is a most significant university tradition. Students are responsible for familiarizing themselves with the ideals of the honor code system, to which the faculty are also deeply committed.
Any violation of the honor code will be dealt with in accordance with BI’s procedures for cheating. These issues are a serious matter to everyone associated with the programs at BI and are at the heart of the honor code and academic integrity. If you have any questions about your responsibilities under the honor code, please ask.
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