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Description:	The module presents both the theory and practice of portfolio management, including asset allocation and diversification. The module will examine the issues involved in constructing an efficient portfolio, evaluating the performance of that portfolio, and adjusting its composition through time. Also, the module presents some equilibrium models for risk valuation and performance analysis.
Topics:	Financial Markets. Return and Risk of Assets and Portfolios. Capital Allocation and Risk. Optimal Portfolio Selection: Mean-Variance Analysis and Risk Diversification. The Standard Capital Asset Pricing Model. Multifactor Models. Arbitrage Pricing Theory. Market Efficiency.
Teaching:	42 hours during first semester