Courses Portfolio Management

1756 Portfolio Management , 8 sp

Intermediate studies
Teaching language
Course description

The purpose of the course is to explain fundamental pricing of risk in competitive financial markets and provide sound frameworks for professional wealth management. The course is mainly built upon rational portfolio theory but covers also common psychological biases in human decision making likely to be important in advising investing clients in private banking and wealth management.

Learning Goal

You are familiar with the guiding principles of sound investing: diversification, risk aversion, impact of time horizon and management fees on performance. You are aware of active vs passive investment management styles and their relative pros and cons.

After completing the course, you will be able to
  • master portfolio risk and return measurement and to construct optimal investment portfolios for investors;
  • assess performance of money managers;
  • detect common behavioral biases in investing and are able to  avoid many pitfalls in decision making;
  • act as a professional portfolio manager.
International Learning Experience

The course has an international outlook. Results from global financial markets are used as empirical examples in the in class teaching, and in the course literature. The course includes a term paper where students read international research papers and analyze data from international financial markets.


Knowledge corresponding to that of 1740 Pricing of Financial Securities and Derivatives recommended.


Lectures, exercises and exercise tests, term papers with presentations and participation, final exam.

Contact hours include 24h lectures + 6h exercises + 4h exercise tests.

Self studies 180h include:
59h preparation for lectures and exercises.
41h term paper activities (preparation, participation, presentation).
80h preparations for lectures, exercises and final exam.

Total Student Workload

214 hours divided into
Scheduled (contact) hours: 34 h
Non-scheduled work: 180 h

Recommended Time of Performance

Second year of bachelor studies.


Written exam 50% (first exam in the middle of March, retake in June)
Exercise tests 20%
Term paper 30%

  • Bodie, Z., Kane, A. & Marcus, A. J. (2021). Investments. (12th international student ed.). New York, NY : McGraw-Hill Education.
Non-degree studies (Open University, JOO and Contract Studies)

Open university quota: 3
Quota for JOO-students: 3