Universität Wien

040176 KU Asset Pricing 1 (MA) (2023S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung
Moodle

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

Attendance of the first meeting is obligatory. The final takes place at May 12th.

  • Mittwoch 01.03. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 03.03. 08:00 - 09:30 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Mittwoch 15.03. 08:00 - 09:30 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Montag 17.04. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Mittwoch 19.04. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 21.04. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Montag 24.04. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Mittwoch 26.04. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 28.04. 08:00 - 09:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 03.05. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 05.05. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Montag 08.05. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Mittwoch 10.05. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 12.05. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 19.05. 09:45 - 13:00 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 26.05. 08:00 - 09:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

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.

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.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Written (final, homework, quizzes) and oral (presentations, active participation). In case of need online participation can only be assessed, when the camera is activated on Zoom.

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 will carry another 30 points in total.

Mindestanforderungen und Beurteilungsmaßstab

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.

Prüfungsstoff

Presentations of the lecturer including presentation slides, student presentations, reading list

Literatur

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.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mo 22.05.2023 12:46