15.440 Advanced Financial Economics I
Covers advanced topics in the theory of financial markets with a focus on continuous time models. Topics include multiperiod securities markets and martingales; pricing of contingent securities such as options; optimal consumption and portfolio problems of an individual; dynamic equilibrium theory and the intertemporal capital asset pricing model; term structure of interest rates; and equilibrium with asymmetric information, transaction costs, and borrowing constraints. Primarily for doctoral students in finance, economics, and accounting.
This class has 15.416 as a prerequisite.
Lecture occurs 2:30 PM to 4:00 PM on Tuesdays and Thursdays in E62-687.
This class counts for a total of 12 credits.
In the Fall 2015 Subject Evaluations, 15.440 was rated 6.0 out of 7.0. You can find more information at the http://www.google.com/search?&q=MIT+%2B+15.440&btnG=Google+Search&inurl=https site or on the 15.440 Stellar site.
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