Portofolio Management

Course ID: 
Year of Study: 
For Erasmus Students: 

Learning Outcomes

By the end of this course the student will be able to understand the functions of the investment process with a reference to the notion of risk and return of single assets and its extension to multiple assets when forming a portfolio of assets.  Hence, the optimal portfolio selection and portfolio management assessment becomes the core idea of this course.

The students will also have the ability to analyze topics such as:

  • Estimation of returns, and systematic and non-systematic risk of a portfolio.
  • Identification of effective portfolios.
  • Evaluation of investors' risk/return preferences and formulation of excellent portfolios based on utility theory.
  • Applying portfolio valuation measures in order to assess portfolio management and performance.
  • Development of diversification strategies in order to reduce the non-systematic risk and hedge the risk of buying a portfolio.
  • Forming portfolio management strategy

By the end of this course the student will have developed the following competences:

  1. Ability to exhibit knowledge and understanding of the essential facts, concepts, theories and applications which are related to Portfolio Management.
  2. Ability to apply this knowledge and understanding to the solution of problems related to investment decision making.
  3. Ability to prepare and execute multi-step syntheses of investment decisions.
  4. Ability to interact with others in finance related issues.

Course Contents

  • The Investment Process and the Financial System
  • Microeconomic view of investor behavior under uncertainty
  • Risk & Return
  • Portfolio Theory
  • Models of one and multiple indicators
  • Capital Market Theory: CAPM & APT Models
  • Fundamental Analysis of Shares: DCF Models
  • Market Efficiency
  • Technical analysis
  • Portfolio Management Strategies

Teaching Activities

Lectures (3 hours per week)

Teaching Organization


Semester workload

Lectures, 3  hours per week

13X3 = 39 hours

Individual study

111 hours

Total number of hours for the Course (25 hours of work-load per ECTS credit)

150 hours (total student work-load)


Written final exam

Use of ICT

Use of IT in teaching and communication with students (e-class).

Course Info

Current Tutors


Filis George

Assistant Professor
George Filis
Field of Expertise: 
Διεθνή Οικονομική
Office Hours: 
Wednesday 5-6pm
Thursday 2-4pm

Reading List

Reading Recommendations: 
- Σύγχρονη Θεωρία Χαρτοφυλακίου και Ανάλυση Επενδύσεων, Edwin J. Elton, Martin J. Gruber, Stephen J. Brown, William N. Goetzmann, https://service.eudoxus.gr/search/#a/id:50657709/0
- Χρηματοπιστωτικές Αγορές και Ιδρύματα, Saunders Anthony, Cornett Marcia M., https://service.eudoxus.gr/search/#a/id:86056108/0
- Ανάλυση Επενδύσεων και Διαχείριση Χαρτοφυλακίου, Reilly K. Frank, Brown C. Keith, https://service.eudoxus.gr/search/#a/id:77107353/0