FAI3029 An Introduction to Asset Pricing with Macro-Finance
KTH Royal Institute of Technology
Basic courses in mathematics, statistics and economics/finance.
- Preferences, utility functions, risk and uncertainty.
- Consumption-baset asset pricing.
- Stochastic discount factors, the law of one price and arbitrage.
- Mean-variance analysis and CAPM.
- Factor models and APT.
- Asset pricing and macroeconomic models.
- Empirical issues connected to the models.
The objective of the course is to give the participants an introduction to the theory of asset pricing, and how these models connect financial economics with macroeconomics. The focus is on theoretical models, but some empirical issues will also be considered.
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