Docente
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DI PIETRO MARCO
(programma)
Main references:
- Danthine and Donaldson (2014), Intermediate Financial Theory, 3rd Edition, Academic Press.
- Bailey (2005), The Economics of Financial Markets, Cambridge University Press.
- Bodie, Kane and Marcus (2018), Investments, 11th Edition, McGraw-Hill.
Program:
Part I - Introduction
1. On the role of financial markets and institutions (D&D, Ch.1)
2. Basic concepts in finance (D&D, Ch.2; Bailey, Ch. 1, 10, 12 and 13; BKM, Ch. 14 and 15)
Part II - Decision-making under uncertainty
3. Making choices in risky situations (D&D, Ch.3; Bailey Ch. 4)
4. Measuring risk and risk aversion (D&D, Ch.4)
Part III - The demand for financial assets
5. Risk aversion and investment decisions (D&D, Ch.5)
6. Modern Portfolio Theory (D&D, Ch.6; Bailey, Ch. 5; BKM, Ch. 7)
Part IV - Classic asset pricing models
7. The Capital Asset Pricing Model (D&D, Ch.8; Bailey, Ch. 6 and 9; BKM, Ch. 9 and 13)
8. Arbitrage Pricing Theory (D&D, Ch.14; Bailey, Ch. 8 and 9; BKM, Ch. 10 and 13)
Part V – Derivatives market
9. Options market (Bailey, Ch. 18 and 19; BKM, Ch. 20)
10. Futures market (Bailey, Ch. 14 and 15; BKM, Ch. 22)
Main references:
- Danthine and Donaldson (2014), Intermediate Financial Theory, 3rd Edition, Academic Press.
- Bailey (2005), The Economics of Financial Markets, Cambridge University Press.
- Bodie, Kane and Marcus (2018), Investments, 11th Edition, McGraw-Hill.
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