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Advanced Investments

  • Enseignant(s): A.Goyal
  • Titre en français: Théorie avancée des Investissements
  • Cours donné en: anglais
  • Crédits ECTS: 6 crédits
  • Horaire: Semestre de printemps 2016-2017, 4.0h. de cours (moyenne hebdomadaire)
  •  séances
  • site web du cours site web du cours
  • Formations concernées:
    Maîtrise universitaire ès Sciences en économie politique

    Maîtrise universitaire ès Sciences en finance, Orientation finance d'entreprise

    Maîtrise universitaire ès Sciences en finance : Entrepreneuriat financier et science des données

    Maîtrise universitaire ès Sciences en finance, Orientation gestion des actifs et des risques

    Maîtrise universitaire en Droit et économie



This course is designed to improve the students' understanding of the fundamental concepts of security investments. There are three main modules in the course: (1) security valuation, (2) asset allocation and portfolio optimization, and (3) practical portfolio strategies. The course can be viewed as a class in applied finance—the goal is to integrate theory with reality. The course is taught from the viewpoint of an user of financial market. We will not cover the topics in fixed income securities and derivatives valuation in great detail, as these topics are discussed in separate courses. Finally, I will frequently gloss over the mechanics of actual trading of securities or the structure of financial markets.


The tentative outline of topics can be found on the syllabus.


• Zvi Bodie, Alex Kane, and Alan Marcus, Investments, Irwin.
• Aswath Damodaran, Investment Valuation, Wiley.


1ère tentative

Sans examen (cf. modalités)  
  1. Written analyst report 35% (Group work)
  2. Written portfolio project 35% (Individual work)
  3. Class participation 30% (Individual work)

Further details on the analyst report and the portfolio project are provided in the syllabus. You may do the analyst report in groups not exceeding four students. You are free to choose your own group members.

The class also includes five cases. You are not required to hand in a write-up of the cases. However, you are expected to read the case and analyze the case. Guidelines for case discussions are also provided at the end of this document.

Class presence is a necessary but not a sufficient condition for getting a passing grade in the class participation component. Your participation during the case discussions will be one (but not the only) of the determinants of your grade in class participation.

There is no final exam for the class.


Sans examen (cf. modalités)  

If you fail the course, you will be given one more attempt to write another analyst report on a company chosen by me. This retake analyst report must be written alone (i.e. not in groups). In this case, your final grade will be based entirely on this new analyst report.

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