Gain insight into the economic context of investment decision-making
Investments, markets, and asset valuation
Investments, markets, and asset valuation
Investment decision-making requires a solid understanding of how markets function, how prices and returns evolve, and how to reliably estimate the value of assets. This two-day course offers a comprehensive overview of key types of investment instruments, their markets, and the economic relationships that influence them.
You will learn to work with valuation models such as CAPM and multi-factor approaches, grasp the principles of efficient markets, and gain confidence in concepts like arbitrage and hedging. Through practical examples, real-world scenarios, and instruction aligned with the SSA syllabus (Slovak Society of Actuaries—sections 5.1 Investments and Markets and 5.2 Asset Valuation), you will acquire knowledge that can be immediately applied in your professional practice. The SSA syllabi are fully aligned with the requirements of the AAE (Actuarial Association of Europe) and the IAA (International Actuarial Association).
What you will learn:
- Characteristics of investment assets and markets,
- Derivative investments and their markets,
- How economic factors influence prices and returns,
- Theoretical and historical relationships between returns and economic indicators,
- Application of the CAPM model to calculate asset returns,
- Use of multi-factor models to estimate asset performance,
- Concepts such as efficient market, complete market, arbitrage, and hedging,
- Risk-neutral valuation and pricing deflator in derivative valuation,
- Stochastic interest rate models, including their limitations and possible solutions.
Course details
The course combines theoretical instruction with practical exercises to help participants better understand investment markets and asset valuation through:
- Teaching aligned with the SSA syllabus (sections 5.1 and 5.2), as well as EAA and IAA standards,
- Emphasis on linking economic context with asset returns,
- Application of CAPM and multi-factor valuation models,
- Real-world examples and scenario-based learning,
- Course structure based on Bloom’s taxonomy for effective learning.
The course is primarily designed for actuaries who wish to deepen their knowledge in investments, asset valuation, and economic relationships. It is also suitable for:
- Candidates pursuing actuarial qualification (e.g. SSA, ČSpA, AAE),
- Financial analysts looking to expand their understanding of asset valuation,
- Investment professionals who need to grasp the theoretical foundations of market behavior,
- Anyone seeking to connect theoretical knowledge with practical applications in valuation and investment.
The course also qualifies for earning CPD (Continuing Professional Development) credits.
After successful completion of the course you receive PwC certificate.
Dates and details
| Date | Course | CPD points | Language | Place | Price (excl. VAT) | Registration |
Spring 2026 |
Investments, markets, and asset valuation | 14 | SK | Online/PwC Bratislava | 15,000 CZK* |
Register |
* Special price for members of the Czech Society of Actuaries (ČSpA): 12,500 CZK. Use code "MEMBER" in the note box when registering.
