| Course ID: | FINA 9110. 3 hours. |
| Course Title: | Valuation and Capital Market Theory |
Course
Description: | Theory emphasizing valuation and capital markets. A mathematical development of the major asset pricing theories: the capital asset pricing model (CAPM), arbitrage pricing theory, the pricing of contingent claims, and the intertemporal CAPM. Related topics include expected utility maximization, mean-variance analysis, and efficient markets. |
| Oasis Title: | VAL & CAP MKT THRY |
| Prerequisite: | FINA 9100 and ECON 8010 and ECON 8070 |
| Pre or Corequisite: | ECON 8080 |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
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| Course Objectives: | Theory emphasizing valuation and capital markets. A mathematical development of the
major asset pricing theories. |
| Topical Outline: | Capital asset Pricing Model (CAPM)
Arbitrage Pricing Theory
Intertemporal CAPM
Stochastic Discount Factor Methods
Expected Utility Maximization
Mean-variance Analysis
Efficient Markets
Introduction to Asymmetric Information in Asset Pricing |