Teaching empirical finance courses: A project on portfolio management

Research output: Contribution to journalArticle

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Abstract

The aim of this article is to assess the use of a group based project for an empirical finance type of course. It examines the outline of the project, the methodology the students are encouraged to follow and how the course is assessed. This approach enables the students to apply many of the techniques learnt on this course and other courses such as econometrics, to determine an optimal portfolio of assets given their view on the risks in the economy. The emphasis is on risk management through portfolio diversification and the use of a simple hedge strategy. The overall aim is to introduce the students to the basics of portfolio management, as many work in this industry for their industrial placements and when they graduate. The main contribution to the literature is through the analysis of an empirically based portfolio management project. The feedback from the students suggests they felt that they had learnt useful concepts and information, in an enjoyable exercise.
Original languageEnglish
Article number1
Pages (from-to)1-8
Number of pages8
JournalCogent Economics and Finance
Volume4
Issue number1
DOIs
Publication statusPublished - 1 Apr 2016

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Placement
Assets
Hedge
Industry
Optimal portfolio
Exercise
Project portfolio management
Portfolio management
Risk management
Portfolio diversification
Finance
Methodology
Econometrics

Keywords

  • empirical finance; portfolio; risk; econometrics; economic tools for teaching

Cite this

Teaching empirical finance courses: A project on portfolio management. / Morley, Bruce.

In: Cogent Economics and Finance, Vol. 4, No. 1, 1, 01.04.2016, p. 1-8.

Research output: Contribution to journalArticle

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