内容简介:

Course Overview

This course will focus on the fundamental principles of risk and return as they relate to asset pricing. Students will learn about financial decision-making from the perspective of an investor and/or a portfolio manager. We will start with a rigorous development of modern portfolio theory and how it leads to the development of both the Capital Asset Pricing Model and other multifactor pricing models. From there, we will study a variety of topics such as valuation and sensitivity analyses of derivative securies and fixed income securities.

The course will involve class lectures, extensive use of Excel, some in-class group work, and some out of-class group work. There will be a comprehensive final exam given at the end of the course. You will be allowed to refer to our class materials during the exam, but you must do your own work. As we will be covering an entire course in just a few days, it is important that the student prepares beforehand as well as possible. The student should read the relevant lecture notes prior to the start of class.