Fundamentals of Investment Decisions with Symmetric Information

Fundamentals of Asset Pricing --- This is an introduction to asset pricing theory, covering arbitrage pricing, mean-variance analysis, portfolio choice, and consumption-based asset pricing. The course has two goals: to introduce the core results of asset pricing theory at a PhD level, and to develop intuition for both the power and limits of economic analysis applied to financial markets. The course is self-contained, but students will benefit most from prior exposure to linear algebra, probability theory, microeconomics, and nonlinear optimization.