040181 KU Advanced Asset Pricing (MA) (2025S)
Prüfungsimmanente Lehrveranstaltung
Labels
Advanced Finance for the Research MA
Asset Pricing II for the Banking and Finance MA
Asset Pricing II for the Banking and Finance MA
An/Abmeldung
Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").
- Anmeldung von Mo 10.02.2025 09:00 bis Di 18.02.2025 12:00
- Anmeldung von Mi 26.02.2025 09:00 bis Do 27.02.2025 12:00
- Abmeldung bis Fr 14.03.2025 23:59
Details
max. 50 Teilnehmer*innen
Sprache: Englisch
Lehrende
Termine (iCal) - nächster Termin ist mit N markiert
The final will take place at Monday, June 30th. There will be no re-take exam.
- Montag 28.04. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Mittwoch 30.04. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 05.05. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Mittwoch 07.05. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 12.05. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Montag 19.05. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Montag 26.05. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Mittwoch 28.05. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 02.06. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- N Mittwoch 04.06. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Mittwoch 11.06. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 16.06. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Mittwoch 18.06. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 23.06. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Mittwoch 25.06. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 30.06. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
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.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 30 points in total provided the results can be presented in a coherent way.
Active participation and quizzes will carry another 25 points in total.
The final will carry 45 points.
Homework will carry up to 30 points in total provided the results can be presented in a coherent way.
Active participation and quizzes will carry another 25 points in total.
Mindestanforderungen und Beurteilungsmaßstab
This course builds on Asset Pricing 1.In order to pass the course at least 20 points are required in the final and 50 points overall.
Prüfungsstoff
Presentations of the lecturer including presentation slides, student presentations, reading list
Literatur
Textbooks:• Brunnermeier, M.: Asset Pricing under Asymmetric Information, Oxford University Press 2001.
• Duffie, D.: Dynamic Asset Pricing Theory, 3rd edition, Princeton University Press, 2003.
• 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.
• Duffie, D.: Dynamic Asset Pricing Theory, 3rd edition, Princeton University Press, 2003.
• 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: Do 27.02.2025 06:25