Main field(s) of study and in-depth level:
Business Studies A1N
Fail (U), Pass (G), Pass with distinction (VG)
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's 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 carried out in groups. 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 that applies to the course section. 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.
If there are special reasons for doing so, an examiner may make an exception from the method of assessment indicated and allow a student to be assessed by another method. An example of special reasons might be a certificate regarding special pedagogical support from the University's disability coordinator.
Uppsala University does not accept cheating or plagiarism. Suspected incidents of cheating or plagiarism are reported to the Vice-Chancellor, which may issue a formal warning to the student or suspend the student from studies for a certain period.
NOTE: Only completed courses can count toward a degree.
The course overlaps 2FE807, 8FE807 Integrated Funding, Accounting and Control and Investments (Contract Education) 8FE855.