Course Outcomes
Asset Pricing
Students will be able to understand the fundamental theorem of asset pricing and the consumption-based asset pricing model.
Empirical Identification
Students will be able to understand the issues surrounding identification in empirical research.
Simple Stochastic Processes
Students will be able to specify a simple stochastic process for dividends and solve the corresponding PDE for price.
Black-Scholes
Students will be abel to derive the Black-Scholes PDE.
Market Efficiency
Understand basic principles of market efficiency.
Portfolio Optimization
Understand the mean-variance mathematics as it relates to portfolio optimization.
Asset Pricing
Understand factor models and be able to implement time series and cross-sectional tests of asset pricing models used in financial research.
