FINAN30219A (HAM)
Investments 2
15 Points
Staff
Convenor(s)
Martin Bai
5274
MSB.2.07
11:00 AM  1:00 PM, Thursday
martin.bai@waikato.ac.nz

Administrator(s)
Tutor(s)
Librarian(s)
You can contact staff by:
 Calling +64 7 838 4466 select option 1, then enter the extension.

Extensions starting with 4, 5 or 9 can also be direct dialled:
 For extensions starting with 4: dial +64 7 838 extension.
 For extensions starting with 5: dial +64 7 858 extension.
 For extensions starting with 9: dial +64 7 837 extension.
Paper Description
This paper introduces theory and practice related to portfolio decisions of individual and institutional investors. Based on the concept of asset pricing, portfolio construction, riskreturn tradeoff, it discusses the techniques and implications of security analysis, efficient portfolio diversification and the allocation of assets among different investable assets. The fundamentals of major financial markets and basic time series analysis are introduced.
Paper Structure
1.Lectures
2.Tutorials
3.Assignment
4.Presentation
5.Midterm test
6.Final exam
Learning Outcomes
Students who successfully complete the course should be able to:
Assessment
The internal assessment for this paper includes one midterm test, one assignment and one presentation.
Assessment Components
The internal assessment/exam ratio (as stated in the University Calendar) is 50:50. The final exam makes up 50% of the overall mark.
Required and Recommended Readings
Required Readings
Bodie, Kane, and Marcus, Investments, 11th Edition. McGrawHill Education, 2019.
Recommended Readings
Black, F., (1972). Capital market equilibrium with restricted borrowing. Journal of Business. 45, 444–454.
Fama, E.F., French, K.R., (1992). The crosssection of expected stock returns. Journal of Finance 47, 427–465.
Fama, E.F., French, K.R., (1993). Common risk factors in the returns on stocks and bonds. Journal of Financial and Economics 33, 3–56.
Fama, E.F., French, K.R., (1996). Multifactor explanations of asset pricing anomalies. Journal of Finance51, 55–84.
Fama, E.F., MacBeth, J., (1973). Risk, return, and equilibrium: empirical tests. Journal of Political Economics 81, 607–636.
Koop, G. (2013) Analysis of Economic Data, 4th Edition, John Wiley & Sons, Ltd.
Sharp, W.F., (1964). Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk. Journal of Finance 19, 425442.
Other Resources
Please contact the Paper Convenor or Administrator for further details.
Online Support
All the available resources about this paper will be available in Moodle. The online resources may be updated where necessary.
Workload
There are 150 learning hours for this paper.
The time is devoted to the following activities:
Attend lectures and tutorials
Read teaching materials
Prepare for and sit the midterm test
Complete on assignment
Delivery of one presentation
Prepare for and sit the final exam
Linkages to Other Papers
Note any linkages to other papers where the linkage is of importance.
Prerequisite(s)
Prerequisite papers: FINA201 or FINAN202
Restriction(s)
Restricted papers: FINA312 and FINA517