040181 KU Asset Pricing 2 (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 June 28th.
Monday
15.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday
17.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
22.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday
24.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday
31.05.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
05.06.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday
07.06.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
12.06.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday
14.06.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
19.06.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday
21.06.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Monday
26.06.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday
28.06.
08:00 - 09:30
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
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)The final will carry 45 pointsHomework 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.
Minimum requirements and assessment criteria
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.
Examination topics
Presentations of the lecturer including presentation slides, student presentations, reading list
Reading list
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.
Association in the course directory
Last modified: Mo 08.05.2023 15:26