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Teaching GuideTerm Faculty of Economics and Business |
| Mestrado Universitario en Banca e Finanzas |
 Subjects |
| Financial Asset Values |
| Contents |
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| Identifying Data | 2023/24 | |||||||||||||
| Subject | Financial Asset Values | Code | 611448008 | |||||||||||
| Study programme |
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| Descriptors | Cycle | Period | Year | Type | Credits | |||||||||
| Official Master's Degree | 1st four-month period |
First | Obligatory | 3 | ||||||||||
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| Topic | Sub-topic |
| VARIABLE INCOME | |
| 1. Return and risk | 1.1. Return of securities and portfolios 1.2. Volatility of securities and portfolios 1.3. The concept of diversification 1.4. The assumption of normality of asset returns |
| 2. Portfolio selection | 2.1. Fundamental aspects of Portfolio Theory 2.2. Optimal portfolio selection: the Markowitz model 2.3. Sharpe's market model |
| 3. Capital asset pricing | 3.1. The capital asset equilibrium model (CAPM) 3.2. CAPM applications: 3.2.1. Cost of equity 3.2.2. Capital asset pricing 3.2.3. Risk-adjusted return |
| FIXED INCOME | |
| 1. General characteristics of fixed income assets | 1.1. The issuance of bonds and obligations. Typology. 1.2. Risks of investing in bonds |
| 2. Valuation of fixed income assets | 2.1. The market interest rate and its effect on the price of bonds 2.2. Duration as a measure of market risk 2.3. The modified duration as a measure of market risk 2.4. The Basic Point Value 2.5. The modified duration error. Convexity |
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