363-1000-00L Financial Economics
Semester | Spring Semester 2014 |
Lecturers | A. Bommier |
Periodicity | yearly recurring course |
Language of instruction | English |
Abstract | This is a course on the economics of financial decision making. It discusses portfolio choice theory, risk sharing, market equilibrium and asset pricing. |
Objective | The objective is to introduce the students to the economics of financial decision making. |
Content | After an introducory class, the following topics will be discussed: Arbitrage; Choice under uncertainty; Portfolio Choice; Risk sharing and insurance; Market equilibrium under symmetric information; Market equilibrium with asymmetric information; Intertemporal evaluation in discrete time; Continuous Time Finance. |
Literature | Suggesting reading: - Demange G. and G. Laroque, Finance and the Economics of Uncertainty, Blackwell, 2006. Other readings: - Indgersoll, J., E., Theory of Financial Decision Making, Rowman and Littlefield Publishers. - Leroy S and J. Werner, Principles of Financial Economics, Cambridge University Press, 2001 |