15.416[J] Introduction to Financial Economics

Class Info

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.

This class has 14.121, and 14.122 as prerequisites.

15.416[J] will not be offered this semester. It will be instructed by L. Kogan and H. Chen.

This class counts for a total of 12 credits. This is a graduate-level class.

In the Fall 2015 Subject Evaluations, 15.416[J] was rated 5.1 out of 7.0. You can find more information at the 15.416 Class Site site.

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