15.416 Introduction to Financial Economics
Foundations of modern financial economics; individuals' consumption and portfolio decisions under uncertainty; valuation of financial securities. Topics include expected utility theory; stochastic dominance; mutual fund separation; portfolio frontiers; capital asset pricing model; arbitrage pricing theory; Arrow-Debreu economies; consumption and portfolio decisions; consumption beta models; spanning; options; market imperfections; no-trade theorems; rational expectations; financial signaling. Primarily for doctoral students in accounting, economics, and finance.
15.416 will be offered this semester (Fall 2017). It is instructed by S. Ross.
Lecture occurs 2:30 PM to 4:00 PM on Mondays and Wednesdays in E51-063.
This class counts for a total of 12 credits.
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