Browse Hierarchy ECN241: Asset Pricing

This module offers a rigorous introduction to asset pricing and the theory of capital markets. It examines the investment decisions of households and firms, and studies the behaviour of the financial markets in which these decisions are made. Topics to be covered include: stock valuation, the relationship between risk and return, basic bond analysis, risk aversion, portfolio choice, the Capital Asset Pricing Model (CAPM), arbitrage pricing theory, and empirical evidence on security returns.