AIN3220 - Investment and Risk Analysis
|Year of Study:||3 – 4|
This module introduces the principles of investment and asset pricing models to the students. Topics covered include risk measures such as Value at Risk (VaR) and Conditional Tail Expectation (CTE), mean-variance portfolio analysis, Capital Asset Pricing Model (CAPM), Arbitrage Pricing Theory (APT), efficient market hypothesis, and behavioral finance.
Upon completion of this module, students should be able to:
- understand the concept of risk measures and calculate risk measures;
- apply the concepts of diversification and mean-variance portfolio theory;
- apply capital asset pricing model and arbitrage pricing theory in asset pricing; and
- explain market phenomena with the concepts of efficient market hypothesis and behavioral finance.