Date |
Topics |
01.10.2013
02.10.2013
|
no lectures (examination week in big classrooms)
|
08.10.2013
|
|
Leaflet |
Topics:
- Organisatorical issues
- Key Ideas and Research Methods in Financial Economics
- Financial Decisions and the Theory of Choice: Intertemporal transfer of funds
- Review: The Axioms of Choice and the Principle of Maximum Utility
|
09.10.2013
|
Problem set 1: 1, 2 - tick problems
Topics:
- Financial Decisions and the Theory of Choice: Hedging risk
|
15.10.2013
|
Problem sets 1 and 2: 3, 4, 5
- tick problems
(You need not tick problem 5, but it will be helpful to understand some concepts we will discuss more easily if you prepare it!
Participating the discussion in the course will be taken into consideration for final grading.)
Topics:
- Decisions under Uncertainty (Risk)
|
16.10.2013
|
Problem set 3: 6
- tick problem
Topics:
- Decisions under Uncertainty (Risk)
|
22.10.2013
|
Problem set 4: 7-14
- tick problems
Topics:
- Decisions under Uncertainty (Risk):
- Expected Utility Theory, risk aversion (definition and characterization)
|
23.10.2013
|
Topics:
- Measuring risk aversion
- Optimal Portfolio Selection and Risk Diversification: Mean Variance Approach
|
29.10.2013
|
Problem set 5: 15-23
- tick problems
Topics:
- Optimal Portfolio Selection and Risk Diversification: Mean Variance Approach
|
30.10.2013
|
Topics:
- Optimal Portfolio Selection and Risk Diversification: Mean Variance Approach
|
05.11.2013
|
Problem sets 5, 6: 22d, 24-30
- tick problems
Topics:
- Market Equilibrium in the Mean-Variance Framework:
The Capital Asset Pricing Model (CAPM)
|
06.11.2013
|
Topics:
- Market Equilibrium in the Mean-Variance Framework:
The Capital Asset Pricing Model (CAPM)
|
12.11.2013
|
Problem set 7: 31-34
- tick problems
Topics:
- The Capital Asset Pricing Model (CAPM): Discussion
- Two-Period Model: State-Preference Approach
|
13.11.2013
|
Midterm exam
|
19.11.2013
|
Problem set 8: 35, 36
- tick problems
Topics:
- Two-Period Model: State-Preference Approach
- No-Arbitrage Principle and the Fundamental Theorem of Asset Prices
|
20.11.2013
|
Topics:
- No-Arbitrage Principle and the Fundamental Theorem of Asset Prices:
Pricing of Derivatives
|
26.11.2013
|
Problem set 9: 37-51
- tick problems
|
27.11.2013
|
Topics:
- Consumption-Based Asset Pricing Model
|
03.12.2013
|
Topics:
- Consumption-Based Asset Pricing Model and Financial Markets Equilibria
- Information Asymmetries on Financial Markets
|
04.12.2013
|
Problem set 10: 52-54
- tick problems
|
10.12.2013
11.12.2013
|
no lectures (examination week in big classrooms)
|
17.12.2013
|
Problem set 11: 55-59
- tick problems
|
18.12.2013
|
Final exam
Topics:
- CAPM: Discussion
- Returns and the Efficient Market Hypothesis
- Two-Period Model: State-Preference Approach
- No-Arbitrage Principle and the Fundamental Theorem of Asset Prices
- Consumption-Based Asset Pricing Model and Financial Markets Equilibria
- Information Asymmetries on Financial Markets
|