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Finance Theory - Investments (FNCE90041)
Graduate courseworkPoints: 12.5Not available in 2021
Please refer to the return to campus page for more information on these delivery modes and students who can enrol in each mode based on their location.
Overview
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This subject provides an overview of capital market theory and evidence. We will cover dynamic models of optimal portfolio choice and equilibrium asset pricing. Topics include current research in both theoretical and empirical studies.
Intended learning outcomes
- Understand the debate around return predictability
- Identify intertemporal hedging demands
- Estimate optimal dynamic portfolio weights
- Evaluate the performance of dynamic portfolio strategies
- Understand models of aggregate equilibrium asset pricing
- Understand major models of cross-sectional asset pricing
- Conduct empirical research on asset pricing models.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- Oral communication
- Written communication
- Problem solving
- Statistical reasoning
- Application of theory to practice
- Interpretation & analysis
- Critical thinking
- Synthesis of data and other information
- Evaluation of data and other information
- Using computer software
- Accessing data and other information from a range of sources
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Admission to the PhD program in Finance
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Description | Timing | Percentage |
---|---|---|
A 2000-word mid-semester project or 2-hour examination
| From Week 1 to Week 6 | 35% |
A 2000-word end-of-semester project or 2-hour examination
| From Week 7 to Week 12 | 35% |
Assignment
| Week 12 | 30% |
Last updated: 3 November 2022
Dates & times
Not available in 2021
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Commerce (Accounting) Course Master of Commerce (Decision, Risk and Financial Sciences) Course Master of Commerce (Finance) Course Doctor of Philosophy - Business and Economics
Last updated: 3 November 2022