This course provides a rigorous and comprehensive discussion of fundamental principles related to investment analysis and portfolio management. Topics include investment instruments, portfolio theory, and valuation of equity, fixed-income securities, and options.
This course is designed to provide graduate students with foundational knowledge of asset pricing. The course is structured into three parts. The first part of the course will cover empirical properties of asset returns that inspired many theoretical models of asset pricing. The second part of the course will study the canonical models of asset pricing like the stochastic discount factor and consumption-based asset pricing. The third part covers different extensions of the canonical models and recent work on asset pricing.