Main field(s) of study and in-depth level:
Business Studies A1N
Fail (U), Pass (G), Pass with distinction (VG)
The Department Board
The Department Board
A Bachelor's degree, equivalent to a Swedish Kandidatexamen, from an internationally recognised university. Also required is 90 credits in business studies and 15 credits in statistics. Proficiency in English.
Master Programme in Accounting and Financial Management - specialisation Financial Management.
The objective of the course is to provide the skills required to make financial decisions related to investments. Major financial theories and modern financial research are linked to practical matters in portfolio management.
After completing the course, students should be able to:
Perform a statistical analysis of historical rates of return.
Construct optimal risky portfolios using a spreadsheet program.
Explain how risk premiums for individual stocks are determined using the Capital Asset Pricing Model (CAPM) and multi-factor models.
Understand the implications of the efficient market hypothesis, and describe the explanations of behavioural finance for market inefficiency and market anomalies.
Understand how technical analysis can be used to exploit any market inefficiencies.
Calculate bond prices between coupon dates.
Immunise a portfolio from interest rate risk (duration matching).
Evaluate portfolio performance and apply different performance measures.
Assess the potential of international diversification.
Understand different hedge fund strategies.
Identify and incorporate environmental, social and governance (ESG) factors into investment decisions.
The major topics include:
Asset allocation and portfolio optimisation
The theory of asset pricing models
Behavioural finance and technical analysis
Bond pricing and bond portfolio management
Portfolio performance evaluation
Hedge fund strategies
Sustainable, Responsible, Impact (SRI) investing
The course consists of lectures and seminars. The lectures and seminars are not compulsory, but participation is highly recommended for successful studies. Everyone is expected to be actively involved in seminar discussions. The course is taught in English.
The student will get one single grade, equivalent to 7.5 credits.
The examination consists of an individual written examination and assignments. The grade for the entire course is based on an assessment of all parts of the examination.
Grading criteria are presented in the study guide provided at the beginning of the course. The following grades will be used: pass with distinction (VG), pass (G), and fail (U). Examinations handed in late will not be assessed except under special circumstances. Any remaining supplemental work must be completed and handed in by the deadline specified in the study guide. Otherwise the entire course (all examinations included) must be retaken during subsequent course sections, pending availability of a place in the course.
Uppsala University does not accept cheating or plagiarism. Suspected incidents of cheating or plagiarism are reported to the Disciplinary Committee of the University, which may issue a formal warning to the student or suspend the student from studies for a designated period.
NOTE: Only completed courses can count toward a degree.
The course overlaps 2FE807, 8FE807 Integrated Funding, Accounting and Control.