This module will explore and analyze the theory, concepts, tools and techniques of investment and portfolio management. The course builds upon and extends the concepts and techniques studied in the introduction to finance and corporate finance modules. At the conclusion of the course the student should be familiar with current industry practice and an understanding of the theoretical framework supporting investment analysis and portfolio management.

On completion of this module students should demonstrate an understanding of the Investment environment, theories involved, analysis used, valuation models, portfolio management and portfolio performance evaluation techniques. The course is a capstone module and, as such, draws on and integrates materials from earlier modules, as well as introducing new materials.

Action Learning. Learning is achieved by engaging students in activities that have elements of problem solving combined with intentional learning.

Authentic Learning. Students will be presented with activities that are framed around "real life" contexts in which students will find learning more meaningful and motivating. Thus they will be more engaged in the process of acquiring knowledge.

Assessment strategy will be both formative and summative. Formative assessment strategies are used to test the current level of understanding and progress and to provide feedback to teacher and learner and to guide the next phase of learning. Types of formative assessments for this course will be discussions on tutorial questions, short quizzes and assignments. Summative assessment is used both in the mid and at the end of the programme formally to assess a learner’s skill, knowledge and understanding gained in this course.

For this module formative assessment will be undertaken through regular completion of tutorial work along with quizzes to check knowledge and understanding of basic concepts within accounting. To prepare students for the end of module summative exam, a mid semester test will take place under exam conditions.

Final Examination (duration 1 ½ hours). This will be a closed book exam testing all learning outcomes - 100%
Learning outcomes 1,2 3, 4 & 5.

BUV VLE

Main Texts:
Reilly, Frank K. & Keith C, Brown: Analysis of Investments and Management of Portfolios (9th Edition).

Additional Texts:
Haim Levy & Theirry Post (2005), Investments, FT Prentice Hall.
Robert A (2007). Strong, Practical Investment Management (4th Edition), Thomson South-Western.
Charles P. Jones (2007), Investments (10th Edition), Wiley.

1. DEMONSTRATE AN UNDERSTANDING OF THE CHARACTERISTICS OF FINANCIAL ASSETS AND THE INVESTMENT ENVIRONMENT INCLUDING INDUSTRY ETHICS
Knowledge and Understanding, Learning.

2. DISCUSS THE MAIN CONCEPTS OF MODERN PORTFOLIO AND CAPITAL MARKET THEORY AND THEIR LINK TO ASSET PRICING MODELS
Knowledge and Understanding, Application.

3. DEMONSTRATE AN UNDERSTANDING OF EQUILIBRIUM ASSET PRICING MODELS AND FACTOR MODELS
Knowledge and Understanding, Analysis, Problem Solving.

4. GENERATE COMMON FINANCIAL STATEMENTS AND REPORTS FROM COMPLETE AND INCOMPLETE ACCOUNTING DATA
Application.

5. DEMONSTRATE AN UNDERSTANDING OF INVESTMENT ANALYSIS, INCLUDING A COMPETENCE IN THE USE OF VARIOUS EQUITY AND BOND VALUATION MODELS
Analysis, Reflection, Communication.