MSB 205 Investments

Lecture notes

Lecture 1

• Introduction
• Asset Classes
• Returns
• Discounting

Lecture 2

• Time series in R
• Calculating returns in R
• Automation in Finance
• Expected Utility
• Mean Variance Analysis
• OSE portfolio examples (OBX) in R

Lecture 3

• Asset Pricing data in R
• CAPM
• Calculating beta in R
• Multifactor models

Lecture 4

• Interest rates
• Bond Pricing

Lecture 5

• Norwegian Government Debt
• Term Structure
• Term Structure estimation
• Bond Portfolios

Lecture 6

• Stock Pricing
• Company Valuation
• Performance Measurement

Lecture 7

• Market Efficiency
• Event Studies
• Case: Finansavisen, an inside portfolio.

Lecture 8

• Index investing
• international portfolios
• Case: The Oil Fund

Lecture 9

• Socially responsible investing
• Restricting opportunity sets - a consequence of exclusions.
• The performance of excluded stocks. The case of the Oil Fund Exclusions.

Lecture 10

• Active portfolio management
• Private Capital
• Real Estate
• Crypto Assets

Lecture 11

• Derivatives

Lecture 12

• Derivatives contintued

Lecture 13

• Summarizing investments

Cases/specific examples

• NHY Using Equity data for Norsk Hydro (NHY)
• Ken French US data