Investments

Course taught at EPFL in the Master in Financial Engineering (MFE), during spring 2009 and spring 2010.

See latest course evaluations results (2010)
Overall evaluation: 5.3/6.

[syllabus]  [webpage]  [class notes]

Dates: February 22 - June 01, 2010
Location: EXTRANEF 126
Clasroom sessions: Mondays, 9h15 - 12h00
Exercise sessions: Tuesdays, 13h15 - 15h00

Objectives

The course teaches how to make investment decisions through in-depth knowledge of the financial markets, accurate analytical thinking and precise mathematical derivation. The course focuses on both classical financial theory and quantitative tools necessary for a rigorous investment process.

Content

The following topics are covered:

1. Portfolio theory
2. The Capital Asset Pricing Model
3. Arbitrage Pricing Theory
4. Practical applications in portfolio management
5. The term structure of interest rates
6. Credit risk
7. Options
8. Alternative investments

Principles of Finance

Bachelor Course taught in French at HEC Lausanne with Catherine Bobtcheff, during spring 2010 and spring 2011.

See latest course evaluations results (FR, 2011)
Overall evaluation: 92/100.
(translation of the questions in english here)

[syllabus]  [webpage]  [class notes]

Course description (in French)

Objectif: maîtriser les bases de l'analyse de projets d'investissement, de la gestion de portefeuille, de l'évaluation des actifs financiers, de la détermination de la structure financière et de la politique de dividende, de l'utilisation des options financières et de leur évaluation.

Contenu

1. Les marchés financiers
2. Valeurs actuelles et évaluation d'actifs
3. Critères de sélection des investissements
4. Risque et diversification
5. Détermination des portefeuilles optimaux
6. Evaluation des actifs financiers et applications
7. Applications de l'évaluation d'actifs aux décisions d'investissement en avenir incertain
8. Efficience des marchés
9. Politique de financement
10. Politique de dividende
11. Options