Course outline


General Information:


School: Economics & Social Sciences

Department: Business Administration

Level of Studies: Undergraduate

Course code: 701

Semester: G

Course title: Portfolio Management


Weekly teaching hours: 4

Type of course: mandatory/general background

Prerequisite courses: No

Language of instruction and exams: Greek

The course is offered to Erasmus students: No

Course URL: —


Learning outcomes:

Upon the successful completion of the course, students will be able to:


-     Gain an understanding of the functions of the investment process starting with an understanding of the risk and return characteristics of individual assets as well as portfolios through the concept of excellent portfolio selection and portfolio management evaluation.

-     Analyze topics such as:

•    Estimation of returns, and systematic and unsystematic risk of a portfolio.

•    Identification of efficient portfolios.

•    Assessing investors' risk/return preferences and constructing optimal portfolios based on utility theory.

•    Application of portfolio evaluation measures to the evaluation of portfolio management and performance.

•    Formulation and development of diversification strategies with the aim of reducing unsystematic risk and hedging the market risk of a portfolio.

•    Formulation of portfolio management strategy.


General Skills:

-     Search, analysis and synthesis of data and information, using the necessary technologies

-     Adaptation to new situations

-     Decision making

-     Autonomous work

-     Teamwork

-     Work in an international environment

-     Work in an interdisciplinary environment

-     Generating new research ideas

-     Project planning and management

-     Respect for diversity and multiculturalism

-     Respect for the natural environment

-     Demonstration of social, professional and ethical responsibility and sensitivity to gender issues

-     Development of criticism and self-criticism

-     Promotion of free, creative and inductive thinking

-     Other skills


Moreover, the course aims to develop the following general skills:


-     Critical ability and self-criticism

-     Ability to cooperate

-     Interpersonal skills

-     Search data using the necessary technologies


Course Content:

-     The Investment Process and the Financial System

-     Microeconomic consideration of investor behavior under uncertainty

-     Performance and Risk

-     Portfolio Theory

-     Single and multiple indicator templates

-     Capital Market Theory: The CAPM & APT Models

-     Fundamental Stock Analysis: Discounted Flow Models

-     Efficiency of the Markets

-     Technical analysis

-     Portfolio Management Strategies


Teaching & Learning Methods - Evaluation

-     Method of delivery: face-to-face

-     Use of information and communication technologies: Use of information and communication technologies in teaching, laboratory education, communication with students. Electronic communication with students, learning-process support through the “e-class” online platform.


Activities & Semester Workload

Lectures: 52 hours

Self study: 30 hours

Study of references: 11 hours

Exam preparation: 30 hours

Final exams: 2 hours

Total: 125 hours


Evaluation of students:

Written final exam (100%)


Recommended bibliography:

ΣύγχρονηΘεωρίαΧαρτοφυλακίουκαιΑνάλυσηΕπενδύσεων, Edwin J. Elton, Martin J. Gruber,                                                         Stephen J. Brown, William N. Goetzmann,

Χρηματοπιστωτικές Αγορές και Ιδρύματα, Saunders Anthony, Cornett Marcia M., https://                                                                     

Ανάλυση Επενδύσεων και Διαχείριση Χαρτοφυλακίου, Reilly K. Frank, Brown C. Keith, https://