Portfolio Management

Major: Finance, Banking and Insurance
Code of subject: 7.072.05.E.030
Credits: 6.00
Department: Finance
Lecturer: Assistant professor Iryna Kondrat
Semester: 2 семестр
Mode of study: денна
Мета вивчення дисципліни: Providing students with theoretical and methodological knowledge and practical skills in portfolio investing to solve specific problems of forming and effectively managing an investment portfolio, including under martial law, researching the general patterns of development of the modern financial market.
Завдання: Formation and development of students' competencies: general: The ability to act on the basis of ethical considerations (motives). professional: The ability to use the fundamental patterns of development of finance, banking and insurance in combination with research and management tools to carry out professional and scientific activities. Ability to apply managerial skills in finance, banking and insurance. The ability to adapt and implement international standards and regulations in the practical activities of corporations in terms of managing assets, capital, investments, financial results, financial risks. The ability to develop strategies for making managerial decisions in the field of finance, banking and insurance based on the principles of liberal arts and science education. The ability to transform the skills and abilities of scientific research into the management of strategic development of the financial market and its participants, improvement of banking state regulation, internal audit and controlling, management of banking risks, design of banking products and services, taking into account the peculiarities of using the European banker's certificate.
Learning outcomes: Adapt and modify existing scientific approaches and methods to specific situations of professional activity. Search, process, systematize and analyze information necessary for solving professional and scientific tasks in the field of finance, banking and insurance. Carry out diagnostics and modeling of financial activities of economic entities. Assess the degree of complexity of tasks when planning activities and processing their results. To substantiate the relevance of research, the possibility of achieving the set goals taking into account the available resources, to put forward hypotheses, to argue conclusions based on the results of research. Choose methods of adaptation and ways of using international standards and regulations in the practical activities of a professional in the field of finance. Use the information systems of state financial bodies and corporate information systems, electronic systems for transferring banking information, interbank and other payment systems. To be able to form strategies of socio-economic development and budgets of territorial communities, analyze their implementation, provide a system of control, attraction of investment resources, in particular through municipal borrowing. Take into account the impact of the situation on international financial markets when planning the capital structure and portfolio of financial investments. Teaching and learning methods: lectures, practical classes - information-receptive method, reproductive method, heuristic method, problem presentation method, cases; independent work - problem-searching method, method of project learning. Methods of assessing the level of achievement of learning outcomes: current control - implementation and defense of a research task, oral and face-to-face interview; work on cases; examination control - testing, problem solving, oral examination.
Required prior and related subjects: Insurance management Financial innovations
Summary of the subject: The discipline is aimed at providing students with theoretical knowledge and practical skills in portfolio investing to solve specific problems of forming and effectively managing an investment portfolio, researching the general patterns of development of the modern financial market.
Опис: 1. Investing: essence, concepts, goals, tools. 2. Direct and portfolio investment. 3. Legal regulation of the portfolio investment process in Ukraine and the world. 4. Portfolio investment objects. 5. Organization and functioning of the securities market. 6. Quantitative methods of risk assessment in portfolio investment. 7. Application of fundamental analysis to predict future price dynamics in financial markets. 8. Features of the basic methods and techniques of technical analysis. 9. Portfolio analysis: characteristics, types, stages of investment portfolio formation. 10. Portfolio diversification: how to reduce risk without reducing returns. Conditions for successful diversification. 11. Modern theories of the portfolio profitability modeling: advantages, disadvantages, limitations of application in practice. 12. Analysis of modern models of asset pricing in the financial market: parameters and econometric assumptions. 13. Tobin’s model for investment portfolio construction. 14. The impact of psychological factors on investors’ decision making. 15. Portfolio performance evaluation.
Assessment methods and criteria: Current control (30%) involves thematic control of the level of knowledge during the semester in written test form in the VNS and orally, solving problems and solving problem situations - 15%; individual research task - 15%. Examination control involves a written (60%) and an oral component (10%).
Критерії оцінювання результатів навчання: Methods of controlling the knowledge and skills of the student in studying the discipline include: 1. Current control of the acquirer's work: • Test survey; • Oral survey in practical classes; • Discussion of practical cases and development of recommendations for their solution; • Execution of individual research tasks (optional) and their protection. 2. Final control: Examination (written and oral component) Written component: Tasks of the 1st level - tests with one correct answer; Tasks of the 2nd level - tests with multiple choices; The task of the 3rd level is to solve problems.
Порядок та критерії виставляння балів та оцінок: 100–88 points – (“excellent”) is awarded for a high level of knowledge (some inaccuracies are allowed) of the educational material of the component contained in the main and additional recommended literary sources, the ability to analyze the phenomena being studied in their interrelationship and development, clearly, succinctly, logically, consistently answer the questions, the ability to apply theoretical provisions when solving practical problems; 87–71 points – (“good”) is awarded for a generally correct understanding of the educational material of the component, including calculations, reasoned answers to the questions posed, which, however, contain certain (insignificant) shortcomings, for the ability to apply theoretical provisions when solving practical tasks; 70 – 50 points – (“satisfactory”) awarded for weak knowledge of the component’s educational material, inaccurate or poorly reasoned answers, with a violation of the sequence of presentation, for weak application of theoretical provisions when solving practical problems; 49-26 points - ("not certified" with the possibility of retaking the semester control) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to apply theoretical provisions when solving practical problems; 25-00 points - ("unsatisfactory" with mandatory re-study) is awarded for ignorance of a significant part of the educational material of the component, significant errors in answering questions, inability to navigate when solving practical problems, ignorance of the main fundamental provisions.
Recommended books: 1. Elektronnyi navchalno- metodychnyi kompleks z dystsypliny «Portfelnyi menedzhment» dlia studentiv Instytutu ekonomiky i menedzhmentu druhoho (mahisterskoho) rivnia vyshchoi osvity spetsialnosti 072 «Finansy, bankivska sprava ta strakhuvannia». Ukladachi: k.e.n., dots., dotsent kafedry finansiv Kondrat I.Iu., k.e.n., dots., dotsent kafedry finansiv Yaroshevych N.B., k.e.n., dots., dotsent kafedry finansiv Lyvdar M.V., k.e.n., dotsent Lashchyk I.I. Elektronnyi navchalno- metodychnyi kompleks rozmishcheno za adresoiu: https://vns.lpnu.ua/mod/resource/view.php?id=396663. 2. Hrem B. Stratehiia vartisnoho investuvannia. – «Nash format», 2019. – 544 s. 3. Istoriia finansovykh rynkiv. Vid klasykiv — suchasnykam / za red. Devida Chembersa ta Elroia Dimsona; per. z anhl. — Lviv : Vydavnytstvo Lvivskoi politekhniky, 2020. — 308 s. 4. Taler R. Povedinkova ekonomika. Chomu liudy diiut irratsionalno i yak otrymaty z tsoho vyhodu. – «Nash format», 2021. – 464 s. 5. Kondrat I. Y., Yaroshevych N. B., Lyvdar M., Drala R. I. Evaluating crypto portfolio performance // Вісник Національного університету ”Львівська політехніка”. Серія "Проблеми економіки та управління". – 2020. – Т. 4, № 1. – С. 11–21. 6. Kondrat I. Yu., Blaha O. V. Povedinkovi aspekty portfelnoho investuvannia domohospodarstv Ukrainy // Nauka i tekhnika sohodni (Seriia «Pedahohika», Seriia «Pravo», Seriia «Ekonomika», Seriia «Tekhnika», Seriia «Fizyko-matematychni nauky»). – 2022. – № 6 (6). – S. 46–54. 7. Kondrat I. Yu., Ososkalo S. L. Podatkovi aspekty portfelnoho investuvannia // Nauka i tekhnika sohodni (Seriia «Pedahohika», Seriia «Pravo», Seriia «Ekonomika», Seriia «Tekhnika», Seriia «Fizyko-matematychni nauky»). – 2022. – № 5 (5). – S. 98–109. 8. Kondrat I. Yu., Shakh O. M. Suchasni finansovi instrumenty portfelnoho investuvannia v Ukraini // Nauka i tekhnika sohodni (Seriia «Pedahohika», Seriia «Pravo», Seriia «Ekonomika», Seriia «Tekhnika», Seriia «Fizyko-matematychni nauky»). – 2022. – № 7 (7). – S. 64–74.
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