401-3956-00L Economic Theory of Financial Markets
Semester | Autumn Semester 2014 |
Lecturers | M. V. Wüthrich |
Periodicity | two-yearly recurring course |
Language of instruction | English |
Courses
Number | Title | Hours | Lecturers | ||||
---|---|---|---|---|---|---|---|
401-3956-00 V | Economic Theory of Financial Markets preponed from the spring semester 2015 to the autumn semester 2014 | 2 hrs |
| M. V. Wüthrich |
Catalogue data
Abstract | This lecture provides an introduction to economic theory of financial markets. It aims at providing the basics in fundamental financial concepts to insurance mathematicians and actuaries. |
Objective | This lecture provides an introduction to the fundamental concepts in financial markets and pricing of financial instruments. The main focus is to give an actuarial education and training in portfolio theory, cash flow theory and deflator techniques. |
Content | We treat the following topics: - Fundamental concepts in economics - Portfolio theory - Mean variance analysis, CAPM - Arbitrage pricing theory - Cash flow theory - Valuation principles - Stochastic discounting, deflator techniques - Interest rate modeling - Utility theory |
Prerequisites / Notice | The exams ONLY take place during the official ETH examination period. This course will be held in English and counts towards the diploma of "Aktuar SAV". For the latter, see details under Link. Knowledge in probability theory, stochastic processes and statistics is assumed. |
Performance assessment
Performance assessment information (valid until the course unit is held again) | |
Performance assessment as a semester course | |
ECTS credits | 4 credits |
Examiners | M. V. Wüthrich |
Type | session examination |
Language of examination | English |
Repetition | The performance assessment is offered every session. Repetition possible without re-enrolling for the course unit. |
Mode of examination | oral 20 minutes |
This information can be updated until the beginning of the semester; information on the examination timetable is binding. |
Learning materials
No public learning materials available. | |
Only public learning materials are listed. |
Groups
No information on groups available. |
Restrictions
There are no additional restrictions for the registration. |