FIN3005 - Asset Pricing

About

Examination arrangement

Examination arrangement: Written examination
Grade: Letters

Evaluation form Weighting Duration Examination aids Grade deviation
Written examination 100/100 4 hours C

Course content

The course offers an introduction to basic equality modeling for the financial markets. The models attempt to explain prices on different types of financial assets related to fundamental macroeconomic variables (like consumption and production). It provides a tool to understand how financial markets react to changes in relevant macroeconomic variables. The course also discuss empirical results, conventionalized facts and “puzzles” that are unveiled in such facts. The last part of the course deals with portfolio decisions for long term investors.

Learning outcome

Knowledge
You learn
- about empirical investigations of the link between the macro economy and stock markets
- advanced theories of asset pricing
- models for the relationship between the aggregate economic variables and financial markets
- how to define and analyze macroeconomic risk
- models of static and dynamic portfolio choice

Skills
You should be able to
- explain how international stock markets have evolved historically
- assess macroeconomic risk and how such risk affects financial markets
- understand the relationship between different forms of risk and stock market returns
- distinguish between different forms of macroeconomic risks
- consider how different risks affect optimal portfolio choice

General competence
You should be able to
- read and understand research papers on the topics of this course

Learning methods and activities

2 hours of lectures every week. One compulsory term paper.

Compulsory assignments

  • One approved term paper

Specific conditions

Exam registration requires that class registration is approved in the same semester. Compulsory activities from previous semester may be approved by the department.

Required previous knowledge

None

Course materials

Announced at the beginning of the term.

Timetable

Detailed timetable

Examination

Examination arrangement: Written examination

Term Statuskode Evaluation form Weighting Examination aids Date Time Room *
Autumn ORD Written examination 100/100 C 2017-12-13 09:00 Storhall del 1 , DI42
Spring UTS Written examination 100/100 C
  • * The location (room) for a written examination is published 3 days before examination date.
If more than one room is listed, you will find your room at Studentweb.