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 not be offered this semester. It will be available in the Fall semester, and will be 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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