040176 KU Asset Pricing 1 (MA) (2023S)
Continuous assessment of course work
Labels
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 13.02.2023 09:00 to We 22.02.2023 12:00
- Registration is open from Mo 27.02.2023 09:00 to Tu 28.02.2023 12:00
- Deregistration possible until Fr 17.03.2023 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Attendance of the first meeting is obligatory. The final takes place at May 12th.
Wednesday
01.03.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Friday
03.03.
08:00 - 09:30
Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
Wednesday
15.03.
08:00 - 09:30
Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
Monday
17.04.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday
19.04.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Friday
21.04.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
24.04.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday
26.04.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Friday
28.04.
08:00 - 09:30
Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
Wednesday
03.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Friday
05.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
08.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday
10.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Friday
12.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Hörsaal 7 Oskar-Morgenstern-Platz 1 1.Stock
Friday
19.05.
09:45 - 13:00
Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
Friday
26.05.
08:00 - 09:30
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Information
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.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). 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.
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.
Association in the course directory
Last modified: Mo 22.05.2023 12:46