ECTS credits ECTS credits: 4.5
ECTS Hours Rules/Memories Student's work ECTS: 74.2 Hours of tutorials: 2.25 Expository Class: 18 Interactive Classroom: 18 Total: 112.45
Use languages Spanish, Galician
Type: Ordinary Degree Subject RD 1393/2007 - 822/2021
Departments: Financial Economics and Accounting
Areas: Financial Economics and Accounting
Center Faculty of Economics and Business Studies
Call: Second Semester
Teaching: With teaching
Enrolment: Enrollable
After studying this subject, the student should be able to know and understand:
The environment of Financial Investment. Fundamentals of Financial Investment. Determination of Efficient Portfolios. Techniques for the Calculation of the Efficient Frontier. Asset Performance Correlation Structure: Single Index Model and Multi-Index Models. The Analysis of Profit in Financial Investment. Equilibrium and efficiency models in the capital market Financial Asset Valuation Model: The Capital Asset Pricing Model (C.A.P.M.). The Arbitration Theory in Pricing: Arbitrage Pricing Theory (A.P.T.). The Efficiency in the Capital Markets. The Allocation of Financial Assets. Measurement and Evaluation of Performance. International Financial Investment.
PART I. ANALYSIS AND SELECTION OF PORTFOLIO
Environment and fundamentals of Financial Investment
Determination of efficient portfolios. Techniques for calculating the Efficient Frontier
Asset performance correlation structure
PART II BALANCE AND EFFICIENCY MODELS IN THE CAPITAL MARKET
Capital markets efficiency. Fundamental and Technical Analysis
Financial asset valuation models: Capital Asset Pricing Model (C.A.P.M.) and Arbitrage Pricing Theory (A.P.T.)
Option valuation theory
PART III. ASSET ALLOCATION AND EVALUATION OF THE INVESTMENT PROCESS
Asset allocation and performance valuation
International financial investment
Practical applications: Design of investment portfolios adjusted to the type of investor. Particularities of Portfolio Management in Family Businesses.
BASIC:
ELTON, E. J., GRUBER, M. J., BROWN, S.J. & GOETZMANN, W.N. (2014): Modern Portfolio Theory and Investment Analysis, ed. Wiley Custom, Inc., 9ª Edición, New York.
BODIE, Z., KANE, A. & MARCUS, A. J. (2004): Principios de Inversiones, McGraw-Hill, 5ª Edición, Madrid.
COMPLEMENTARY:
CUTHBERTSON, K. & NITZSCHE, D. (2008): Investments, 2ª edición, Wiley, Chichester.
ELTON, E. et.al. 2007 The investment portfolio user's manual, John Wiley & Sons Limited
FABOZZI, F. J., MARKOWITZ, H. M. & KOSTOVESTSKY, L. (2011): The Theory and Practice of Investment Management Workbook, 2ª edición, Wiley Finance, New Yersey.
FAMA, E.F. (2021) The Fama Portfolio, University of Chicago Press
GITMAN, L. J. & JOEHNK, M. D. (2009): Fundamentos de Inversiones, 10ª edición, México.
GÓMEZ-BEZARES, F., MADARIAGA, J.A. & SANTIBAÑEZ, J. (2016): Gestión de Carteras. Eficiencia, Teoría de Cartera, CAPM, APT. Editorial Desclée de Brouwer, Bilbao.
JONES, C. (2007): Investments, 10ª edición, Wiley, Hoboken.
GARCÍA PARAMÉS, F. (2016) Invirtiendo a largo plazo. Mi experiencia como inversor. 4ª edición. Deusto. Grupo Planeta.
ROWLAND, C.; LAWSON, J.M. & RICO, A.R. (2020): La cartera permanente. Colección Baelo.
SHARPE, W.F. (2007): Investors and Markets, Princeton University Press, Princeton and Oxford, New Jersey.
VILLALBA, D. (2016): Teoría y práctica de la gestión de carteras, Colección Estudios e investigación, BME Bolsas y Mercados Españoles, Madrid.
PRACTICE:
LÓPEZ PENABAD, M.C., REDONDO LÓPEZ, J.A. & RODRÍGUEZ SANDIÁS, A. (2009): La Práctica de las Inversiones Financieras, Andavira editora, Santiago de Compostela.
See availability in BUSC: http://iacobus.usc.es/search~S1*gag?/rInvestimentos+Financeiros/rinvest…
Basic and General
CB1 - That the students have demonstrated to possess and understand knowledge in a study area that starts from the general secondary education, and is usually found at a level that, although supported by advanced textbooks, also includes some aspects that involve knowledge from the forefront of their field of study.
CB2 - That students know how to apply their knowledge to their work or vocation in a professional way and possess the competencies that are usually demonstrated through the elaboration and defense of arguments and the resolution of problems within their area of study.
CB3 - That students have the ability to collect and interpret relevant data (usually within their area of study) to make judgments that include reflection on relevant issues of a social, scientific or ethical nature.
CB4 - That students can transmit information, ideas, problems and solutions to a specialized and non-specialized audience.
CB5 - That students have developed those learning skills necessary to undertake further studies with a high degree of autonomy.
CG1 - Possess and understand the knowledge that defines Business Administration and Management as a scientific discipline, including its theories, history, methods, techniques and areas of application, at a level that is supported by the most advanced publications and includes some of the most relevant aspects that are at the forefront of knowledge in this field.
CG5 - Possess the general knowledge and learning skills necessary to continue studying and to undertake specialized studies in the various areas of the company and in other related areas, with a high degree of autonomy.
Transversal
CT1 - -Analysis and synthesis
CT6 - -Troubleshooting.
CT7 - -Make decisions.
CT9 - -Autonomy in learning
Specific
B4 - Selection of investment projects, portfolio models, financing structure in terms of means and policies, cost of capital and risk-return combination.
D9 - Use information and communication technology regularly in all their professional performance.
D10 - Apply to the analysis of problems professional criteria based on the management of technical instruments.
Optional subject of 4.5 ECTS, distributed in 18 hours of expository classes and 18 of interactive classes.
The classroom sessions dedicated to expository classes aim to introduce and explain the basic aspects of each topic, providing the student with the necessary additional information that allows for the proper development of the learning process.
The practices are aimed at solving cases in which the student has to face investment decision-making. The practices adopt various modalities and for the most part require the handling of the spreadsheet, taking place with Excel.
The tutorials will be primarily face-to-face.
The virtual classroom of the USC will be the point of reference for the development of teaching and monitoring of the subject, through the course page that offers the periodic programming of classes and material corresponding support.
The evaluation system will be continuous and will consist of two elements. A theoretical-practical exam that will account for 50% of the final grade, and the remaining 50%, will correspond to scheduled activities, completion of work and cases proposed during the course. The exam will require a minimum of 2 points (out of the 5 it represents in the final grade) in order to pass the course and add up with the mark of the continuous evaluation. The evaluation system will be the same in all the calls and repeating students.
Students exempt from attendance by dispensation will take the exam on the official date, opting for 100% of the grade.
The relationship of the different evaluable activities throughout the course, their weighting, and how they will be monitored will be indicated in the teaching guide of the subject that will be published in the virtual classroom at the beginning of the course.
For cases of fraudulent performance of exercises or tests, the provisions of the “Normativa de avaliación do rendemento académico dos estudantes e de revisión de cualificacións”.
Competency assessment
Continuous evaluation: CB1, CB2, CB3, CB4, CB5, CT1, CT6, CT7, CT9, D9, D10
Final exam: CB1, CB2, CB3, CB4, CB5, CG1 ·, CG5, CT6, CT9, B4
Total hours of classroom work 45
Total personal work hours of the student 67.5
Maria Celia Lopez Penabad
Coordinador/a- Department
- Financial Economics and Accounting
- Area
- Financial Economics and Accounting
- Phone
- 881811626
- celia.lopez [at] usc.es
- Category
- Professor: University Lecturer
| Tuesday | |||
|---|---|---|---|
| 11:00-13:00 | Grupo /CLE_01 | Spanish | Classroom 30 |
| Wednesday | |||
| 09:00-10:00 | Grupo /CLE_01 | Spanish | Classroom 30 |
| 05.23.2025 12:00-15:00 | Grupo /CLE_01 | Classroom 22 |
| 05.23.2025 12:00-15:00 | Grupo /CLIL_01 | Classroom 22 |
| 07.09.2025 12:00-15:00 | Grupo /CLIL_01 | Classroom 08 |
| 07.09.2025 12:00-15:00 | Grupo /CLE_01 | Classroom 08 |