The module has two parts: theoretical and empirical parts. It will first review the fundamental theories of asset pricing including the expected utility, risk aversion, portfolio choice, asset pricing kernels, and risk-neutral valuation. The second part of the module will discuss some empirical asset pricing studies.
Module Aims
The aim of this module is to provide a formal introduction to asset pricing theories and to critically discuss empirical findings in asset pricing.
Learning Outcomes
On successful completion of the module, students will be able to:
* Explain and solve problems related to expected utility representations, asset allocation, and risk aversion
* Explain and solve problems related to state price representations, pricing kernels, and risk-neutral valuation
* Explain and solve problems related to the CAPM and the APT
* Critically discuss empirical studies in asset pricing
Skills for Your Professional Life (Transferable Skills)
The module will help you with the following transferable skills:
* Ability to interpret empirical statistical and econometric research results
* Ability to critically evaluate asset pricing models
* Literacy and numeracy skills
* Ability to develop your personal plan of setting targets and time management to undertake coursework and exam
Module Aims
The aim of this module is to provide a formal introduction to asset pricing theories and to critically discuss empirical findings in asset pricing.
Learning Outcomes
On successful completion of the module, students will be able to:
* Explain and solve problems related to expected utility representations, asset allocation, and risk aversion
* Explain and solve problems related to state price representations, pricing kernels, and risk-neutral valuation
* Explain and solve problems related to the CAPM and the APT
* Critically discuss empirical studies in asset pricing
Skills for Your Professional Life (Transferable Skills)
The module will help you with the following transferable skills:
* Ability to interpret empirical statistical and econometric research results
* Ability to critically evaluate asset pricing models
* Literacy and numeracy skills
* Ability to develop your personal plan of setting targets and time management to undertake coursework and exam
- Module Supervisor: Lazaros Symeonidis
Category: Finance