Advanced Asset Pricing

3-0-9 units · Graduate

Focuses on developing, solving, estimating, and empirically evaluating theoretical models of asset prices and financial markets, as well as their microeconomic foundations and macroeconomic implications. Discusses theory and econometric methods, the state of the literature, and recent developments and empirical evidence. Covers topics such as cross-sectional and time-series models, consumption-based and intermediary-based models, financial institutions, household finance, housing, behavioral finance, financial crises, market structure, and continuous-time tools and applications. Primarily for doctoral students in finance, economics, and accounting.