COURSE INFORMATION Course Title: PORTFOLIO MANAGEMENT AND INVESTMENT ANALYSIS

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
BAF 411	B	1	3	0	0	3	6

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Chrysanthi Balomenou
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Classroom and Meeting Time:	E314 18:00-20:45
Course Description:	BAF 411- Portfolio Management: Background and issues, financial markets and instruments, how securities are traded, investors and the investment process, risk and return: past and prologue, efficient diversification, capital asset pricing and arbitrage pricing theory, bond prices and yields, equity valuation, options, futures.
Course Objectives:	The aim of this Course is to help the student understand the banking financing, portfolio theory as well as the risk management process of the banking portfolios. Also to provide the knowledge that is necessary in the field of Banking Risk Management and Quantitative Methods to those that work or are going to work as risk officers in banking and financial services in order to be able to reach successfully their goal in measuring and forecasting the volatility of assets and the management of their risks. Another objective of this Thematic Subject is to help the students understand the way in which basic concepts and techniques of Financial Management and Banking Strategies are implemented on Bank Management. In parallel, this course aims to offer specialized knowledge required for Bank System Modernization, and the improvement of banking methods and procedures for organizations and businesses. The goals of this course will be achieved with the help of lectures, case studies, problems, and other teaching techniques.

COURSE OUTLINE

Week	Topics
1	Introduction of the syllabus
2	Money and Capital Markets, Introduction to the Financial System,Moral Hazard in Banking Activities.
3	The ECB’s Quantitative Easing
4	The FED’s Quantitative Easing (Q.E.):comparison analysis with the ECB’s Q.E. Current and previous aspects
5	ECB’s vs. FED’s Strategies on Exiting unconventional Monetary Policies
6	ECB’s vs. FED’s Strategies on Exiting unconventional Monetary Policies (part2)
7	Taylor's Rule
8	Revision
9	Midterm
10	European Banking Union
11	Sources of risk
12	Interest rates and bond prices
13	Efficient portfolios and technical analysis
14	Revision

Prerequisite(s):
Textbook:	-Textbook: Frank.K.Reilly., Keith.C.Brown.,Investment Analysis and Portfolio Management, Europe, Middle East and Africa Edition, 2012, Cengage. Learning Other References: Lectures prepared by the Lecturer, Vasiliou, D., & Iriotis, N, “Investment Analysis and Portfolio Management”, 2009, Rosili Editions.
Other References:
Laboratory Work:
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	Evaluate different investment projects under certainty and risk.
2	Estimate the expected cash flows of an investment project and calculate the firm's cost of capital.
3	Use, interpret and evaluate the most important methods that are used in capital budgeting analysis.
4	Examine a firm's capital structure, and assess whether it affects investors' preferences and consequently the stock price of the firm.
5	Explain a firm's dividend policy and determine whether it has an impact upon investors' preferences and consequently the stock price of the firm.
6	Identify recruitment practices for firms and organizations, as well as the theoretical approaches that underlie and shape those practices.
7	Review and describe the main types of payment systems that are in use today in practice
8	Analyze the banks' financial statements and evaluate their profitability, performance and the quality of their portfolios.
9	Propose the asset - liability management that financial institutions should employ driven by estimated interest rate changes
10	Suggest the approval or rejection of a loan from a financial institution and the conditions of approval.

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Banking and Finance Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in banking and finance but also to construct a model and defend in meaningful way.	5
2	They have knowledge about the finance and banking.	4
3	They have knowledge about the money and banking.	4
4	They have knowledge about the international finance and banking.	5
5	They have ability to use mathematical and statistical methods in banking and finance.
6	They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department.	5
7	They have necessary banking and finance skills that needed in private and public sector.	5
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking.	5
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance.	3
10	They are aware of the fact that banking and finance is a social science and they respect the social perspectives and social values of the society’s ethics.	3

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	30
Term Paper	1	20
Final Exam	1	40
Attendance		10
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	3	48
Mid-terms	1	16	16
Assignments	1	12	12
Final examination	1	16	16
Other	1	10	10
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			6