040176 KU Asset Pricing 1 (MA) (2024S)
Continuous assessment of course work
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ON-SITE
Summary
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Mo 12.02.2024 09:00 to We 21.02.2024 12:00
- Registration is open from Mo 26.02.2024 09:00 to Tu 27.02.2024 12:00
- Deregistration possible until Th 14.03.2024 23:59
Registration information is available for each group.
Groups
Group 1
max. 50 participants
Language: English
LMS: Moodle
Lecturers
Classes (iCal) - next class is marked with N
Participation at the first meeting at March 4th is mandatory.
Tutorium: Mo, 29th April 2024, 11:30-14:45, SR 15 (3rd floor)
Monday
04.03.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
13.03.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Friday
15.03.
08:00 - 09:30
Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Monday
18.03.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
20.03.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Friday
22.03.
08:00 - 09:30
Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Monday
08.04.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
10.04.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
15.04.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
17.04.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
22.04.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
24.04.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
29.04.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Monday
29.04.
11:30 - 14:45
Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
Monday
06.05.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
08.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Aims, contents and method of the course
The course Asset Pricing I is the first part of a sequence on asset pricing. Asset Pricing I analyses the determinants of asset prices in a complete market setting under symmetric information. Asset Pricing II extends the analysis to the empirically more relevant incomplete market setting with asymmetric information and liquidity risk.Asset Pricing I provides a unified framework of classical asset pricing theories, according to which individual securities are priced in general market equilibrium taking into account all feedback effects (from other securities). Hence, it provides the foundations of the concept of the market price of risk as well as an understanding of the limits of the equilibrium concept as a basis of understanding financial crises, developed in more detail in Asset Pricing II.The role of informational asymmetries on market participation, liquidity and, hence, asset prices will be the topic of the advanced course Asset Prices II.While the course is mainly theoretical, all its motivation as well as the validation of the theories developed in this course is empirical and data-driven.
Assessment and permitted materials
Written (final, homework, quizzes) and oral (presentations, active participation).The final will carry 45 points.
Homework will carry up to 25 points in total provided the results can be presented in a coherent way.
Active participation and quizzes will carry another 30 points in total.
Homework will carry up to 25 points in total provided the results can be presented in a coherent way.
Active participation and quizzes will carry another 30 points in total.
Minimum requirements and assessment criteria
Prior participation of the preparatory course Basics of Finance is highly recommended.In order to pass the course at least 50 points are required as well as a minimum of 20 points in the final exam.
Examination topics
Presentations of the lecturer including presentation slides, student presentations, reading list
Reading list
Textbooks:• Cochrane, J.: Asset Pricing, Princeton University Press, 2nd revised edition, 2009.
• Hens, T. and M.O. Rieger: Financial Economics, Springer, 2010.
• Skiadas, C.: Asset Pricing Theory, Oxford University Press, 2009.Further literature will be made available on Moodle.
• Hens, T. and M.O. Rieger: Financial Economics, Springer, 2010.
• Skiadas, C.: Asset Pricing Theory, Oxford University Press, 2009.Further literature will be made available on Moodle.
Group 2
max. 50 participants
Language: English
LMS: Moodle
Lecturers
Classes (iCal) - next class is marked with N
Monday
04.03.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
11.03.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
18.03.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
08.04.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
15.04.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
22.04.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
29.04.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
06.05.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
13.05.
11:30 - 13:00
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
27.05.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
N
Monday
03.06.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
10.06.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
17.06.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Monday
24.06.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Aims, contents and method of the course
The course Asset Pricing I is the first part of a sequence on asset pricing. Asset Pricing I analyses the determinants of asset prices in a complete market setting under symmetric information. Asset Pricing II extends the analysis to the empirically more relevant incomplete market setting with asymmetric information and liquidity risk.Accordingly, this course lays the foundations for a deeper understanding of the determinants of asset prices. It discusses the role of cash-flow expectations and various notions of risk on the prices of traded securities.While the course is mainly theoretical, all its motivation as well as the validation of the theories developed in this course is empirical and data-driven.
Assessment and permitted materials
The final will carry 45 points.The remaining points are allocated as follows:
25 Problem Sets
5 Oral Class Participation
25 Quizzes
25 Problem Sets
5 Oral Class Participation
25 Quizzes
Minimum requirements and assessment criteria
Prior participation of the preparatory course Basics of Finance is highly recommended.For passing the course at least 50 points are required as well as a minimum of 20 points in the final exam.
Examination topics
Presentations of the lecturer including presentation slides, student presentations, reading list.
Reading list
Textbooks are:• Cochrane, J.: Asset Pricing, Princeton University Press, 2nd revised edition, 2009.
• Hens, T. and M.O. Rieger: Financial Economics, Springer, 2010.
• Skiadas, C.: Asset Pricing Theory, Oxford University Press, 2009.Further literature will be made available on Moodle.
• Hens, T. and M.O. Rieger: Financial Economics, Springer, 2010.
• Skiadas, C.: Asset Pricing Theory, Oxford University Press, 2009.Further literature will be made available on Moodle.
Association in the course directory
Last modified: Mo 22.04.2024 11:45