Facultatea de Științe Economice și Gestiunea Afacerilor
Str. Teodor Mihali nr. 58-60
Cluj-Napoca, RO-400951
Tel.: 0264-41.86.52-5
Fax: 0264-41.25.70
econ@econ.ubbcluj.ro
www.econ.ubbcluj.ro
DETAILED SYLLABUS
Portfolio Management
1. Information about the study program
1.1 University
1.2 Faculty
1.3 Department
1.4 Field of study
1.5 Program level (bachelor or master)
Babeş-Bolyai University of Cluj-Napoca
Faculty of Economics and Business Management
Finance
Finance
Bachelor
1.6 Study program / Qualification
Accounting and Management Information Systems
2. Information about the subject
2.1 Subject title
Portfolio Management
2.2 Course activities professor
Filip Angela-Maria
2.3 Seminar activities professor
Filip Angela-Maria
2.4 Year of study
III 2.5 Semester
VI
2.6 Type of assessment
Continuous
2.7 Subject regime Compulsory
evaluation
3. Total estimated time (teaching hours per semester)
3.1 Number of hours per week
3 out of which: 3.2 course
2
3.3 seminar/laboratory
3.4 Total number of hours in the
36 out of which: 3.5 course
24
3.6 seminar/laboratory
curriculum
Time distribution
Study based on textbook, course support, references and notes
Additional documentation in the library, through specialized databases and field activities
Preparing seminars/laboratories, essays, portfolios and reports
Tutoring
Assessment (examinations)
Others activities ...................................
3.7 Total hours for individual study
27
3.8 Total hours per semester
63
3.9 Number of credits
3
1
12
Hours
8
8
7
1
3
4. Preconditions (if necessary)
4.1 Curriculum
4.2 Skills
Statistics
Not necessary
5. Conditions (if necessary)
5.1. For course
development
 It is recommended for the students to attend the courses;
 Students aren’t allowed to talk to each other during the course;
 Students are encouraged to ask questions, to demand for supplementary
explanations, to actively participate in discussions with the teacher;
 The use of cell phones during the course is forbidden, as it is forbidden to
record the course, to film the course or to take pictures.
1
NOTE: This document represents an informal translation performed by the faculty.
 It is compulsory for the students to attend the seminars;
 Students are allowed to discuss with each other during the seminar only if
they are demanded to solve in teams certain case studies;
 It is compulsory for each student to possess a scientific calculator;
 The use of cell phones during the seminar is forbidden, as it is forbidden to
record the course, to film the course or to take pictures.
5.2. For seminar /
laboratory development
6. Acquired specific competences
 Stock and bond valuation;
 Knowledge of portfolio optimization techniques;
 Knowledge of portfolio performance evaluation models.
Professional
competences
Transversal
competences
 Using financial theories, methods and concepts in further research: both theoretical studies
and solutions to practical financial issues emerged in private and public entities;
 Applying methods, techniques and instruments of data collection, analysis and processing
with respect to investments.
7. Subject objectives (arising from the acquired specific competences)
7.1 Subject’s general objective
7.2 Specific objectives
 The course explains the concepts of return and risk as the main
portfolio management tools;
 Analyses and rationalizes the investment decisions on capital
markets.
 Portfolio construction and optimization;
 Portfolio performance evaluation;
 Knowledge of investment strategies.
8. Contents
8.1 Course
Risk and return as portfolio management tools
Portfolio construction and optimization models
Market efficiency and investment strategies
Assets pricing models
Evaluating portfolio performance
Teaching
methods
Theoretical
speech;
Theoretical
speech;
Examples and
explanations.
Theoretical
speech;
Examples and
explanations.
Theoretical
speech;
Examples and
explanations.
Theoretical
speech;
Examples and
explanations.
Observations
2 lectures
4 lectures
2 lectures
2 lectures
2 lectures
2
NOTE: This document represents an informal translation performed by the faculty.
References:
1. Bodie Z., Kane A., Marcus A. (2007), Essential of Investments, McGraw-Hill
2. Brown K., Reilly F. (2013), Investment Analysis and Portfolio Management, Kindle Edition
3. Farrel J., Portfolio management, McGraw-Hill
4. Grinblatt M., Titman S. (1997), Financial Markets and Corporate Strategy, Irwin Professional Publishing
5. Renneboog L. (2006), Advances in Corporate Finance and Asset Pricing, Emerald Group Publishing
6. Santomero A., Babbel D. (2001), Financial Markets, Instruments and Institutions, McGraw-Hill
International Editions
7. Snopek L. (2012), The Complete Guide to Portfolio Construction and Management, Kindle Edition
8. Todea A., (2008), Investiţii, Ed. Casa Cărţii de Stiinţă, Cluj-Napoca
Teaching
8.2 Seminar/laboratory
Observations
methods
Computing stocks return and risk
Applications and 1 seminar
case study
Portfolio optimization. The efficient frontier with the risk-free asset
Applications
2 seminars
The market model.
Case study
1 seminar
Equilibrium models and portfolio performance evaluation
Case study
2 seminars
References:
1. Bodie Z., Kane A., Marcus A. (2007), Essential of Investments, McGraw-Hill
2. Brown K., Reilly F. (2013), Investment Analysis and Portfolio Management, Kindle Edition
3. Farrel J., Portfolio management, McGraw-Hill
4. Grinblatt M., Titman S. (1997), Financial Markets and Corporate Strategy, Irwin Professional Publishing
5. Renneboog L. (2006), Advances in Corporate Finance and Asset Pricing, Emerald Group Publishing
6. Santomero A., Babbel D. (2001), Financial Markets, Instruments and Institutions, McGraw-Hill
International Editions
7. Snopek L. (2012), The Complete Guide to Portfolio Construction and Management, Kindle Edition
8. Todea A., (2008), Investiţii, Ed. Casa Cărţii de Stiinţă, Cluj-Napoca
9. Corroboration / validation of the subject’s content in relation to the expectations coming from
representatives of the epistemic community, of the professional associations and of the representative
employers in the program’s field.
The course combines theoretical knowledge with practical proficiency with the aim to develop specific skills and
competencies in the area of financial markets. Students are prepared to activate in brokerage companies and
investments funds as portfolio managers.
10. Assessment (examination)
Type of activity
10.1 Assessment criteria
10.4 Course
The market model;
The CAPM and APT;
10.2 Assessment methods
Investment strategies;
10.3 Weight in
the final grade
Final written exam
60%
Partial exam
40%
Portfolio performance evaluation.
10.5
Risk and return
Seminar/laboratory
The efficient frontier with only risky assets
The efficient frontier with the risk-free asset
The market model
Performance measures
10.6 Minimum performance standard
 It is necessary to obtain a minimum grade of five in order to pass this exam;
 It is a written exam which takes 150 minutes.
Date of filling
20.01.2015
Signature of the course professor
Signature of the seminar professor
Associate Professor Filip Angela-Maria PhD Associate Professor Filip Angela-Maria PhD
Date of approval by the department
22.01.2015
Head of department’s signature
Professor Ciumaş Cristina PhD
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NOTE: This document represents an informal translation performed by the faculty.