Securities and Portfolio Management

The goal of this course is to master the main determinants of financial markets functioning, mastering determinants of interest rate changes, working with different types of securities, managing different securities. In addition different types of securities and their characteristics, portfolio analysis and selection, model of capital valuation, risk management with the control of portfolio management.


Mandatory Literature:

  1. Bodie, Zvi; Kane, Alex and Markus, Alan J.: Инвестиции. 2009, с.1052+
  2. Reilly, Frank K. & Brown, Keith C.: Investment Analysis and Portfolio Management. 2005, p.1074.
  3. Кемпбел, Џон И.; Лоу, Ендрју В., МекКинлеј, Крег А.: Економетрија на финансиските пазари. Скопје, 2012, с. 632.
  4. Хул, Џон К.: Менаџирање на ризиците и финансиските институции. Арс Ламина ДОО, Скопје, 2011, с.556. (превод)


Additional literature: 

  1. Gitman, Lawrence & Joehnk, Michel D.: Fundamentals of investing. 2008, p.681+
  2. Mochal, Tom: Portfolio management framework. 2003, p.255.
  3. Ahuja, Ritu: Security Analysis and Portfolio Management. 2007, p.305.
  4. Mishkin, Frederic S.; Eakins, Stanley G., Financial markets and institutions. 2009. p.675.
  5. Кокс, Денис; Кокс, Мајкл: Математика за банкарство и финансии. Скопје, 2011, с. 312.
  6. Шукаров, Мирољуб и Ивановски, Зоран: Хартии од вредност и портфолио менаџмент. Скопје, 2005, с.456.
  7. Šoškić, Dejan B.: Hartije od vrednosti. Upravljanje portfoliom i investicioni fondovi. Beograd, 2010, s.438.
  8. Chong, Yen Yee: Investment risk management. 2004, p.223.
  9. Fabozzi, Frank J., Editor: The handbook of financial instruments. 2003, p.862.
  10. Stayner, Peter: Guide to investment strategy. 2006, p.273.
  11. Кемпбел, Џон. И.; Лоу, Ендрју А.; Меккинлеј, Крег А.: Економетрија на финансиските пазари. 2012, с.632.