040176 KU Asset Pricing 1 (MA) (2024S)
Prüfungsimmanente Lehrveranstaltung
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VOR-ORT
Zusammenfassung
An/Abmeldung
Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").
- Anmeldung von Mo 12.02.2024 09:00 bis Mi 21.02.2024 12:00
- Anmeldung von Mo 26.02.2024 09:00 bis Di 27.02.2024 12:00
- Abmeldung bis Do 14.03.2024 23:59
An/Abmeldeinformationen sind bei der jeweiligen Gruppe verfügbar.
Gruppen
Gruppe 1
max. 50 Teilnehmer*innen
Sprache: Englisch
Lernplattform: Moodle
Lehrende
Termine (iCal) - nächster Termin ist mit N markiert
Participation at the first meeting at March 4th is mandatory.
Tutorium: Mo, 29th April 2024, 11:30-14:45, SR 15 (3rd floor)
Montag
04.03.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Mittwoch
13.03.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Freitag
15.03.
08:00 - 09:30
Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Montag
18.03.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Mittwoch
20.03.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Freitag
22.03.
08:00 - 09:30
Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Montag
08.04.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Mittwoch
10.04.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
15.04.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Mittwoch
17.04.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
22.04.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Mittwoch
24.04.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Montag
29.04.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Montag
29.04.
11:30 - 14:45
Seminarraum 15 Oskar-Morgenstern-Platz 1 3.Stock
N
Montag
06.05.
09:45 - 11:15
Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
Mittwoch
08.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
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.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.
Art der Leistungskontrolle und erlaubte Hilfsmittel
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.
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.
• 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.
Gruppe 2
max. 50 Teilnehmer*innen
Sprache: Englisch
Lernplattform: Moodle
Lehrende
Termine (iCal) - nächster Termin ist mit N markiert
Montag
04.03.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
11.03.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
18.03.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
08.04.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
15.04.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
22.04.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
29.04.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
N
Montag
06.05.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
13.05.
11:30 - 13:00
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
27.05.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
03.06.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
10.06.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
17.06.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
Montag
24.06.
13:15 - 14:45
Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
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.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
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
Mindestanforderungen und Beurteilungsmaßstab
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.
Prüfungsstoff
Presentations of the lecturer including presentation slides, student presentations, reading list.
Literatur
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.
Zuordnung im Vorlesungsverzeichnis
Letzte Änderung: Mo 22.04.2024 11:45