Not available in 2016/17
FM305 Half Unit
Advanced Asset Markets
This information is for the 2016/17 session.
Teacher responsible
Prof Ian Martin
Availability
This course is compulsory on the BSc in Finance. This course is not available as an outside option nor to General Course students.
Course content
This course will cover the modern theories of asset valuation. Topics include the principle of no-arbitrage, martingales and state prices, valuation by arbitrage, option pricing and risk-neutral valuation, factor models and the arbitrage pricing theory, equilibrium pricing and capital asset pricing models, bond pricing and the term structure of interest rates.
Teaching
20 hours of lectures and 10 hours of classes in the LT.
Formative coursework
Students will be expected to produce 10 problem sets in the LT.
Indicative reading
“Asset Pricing” by Cochrane.
Assessment
Exam (100%, duration: 2 hours) in the main exam period.
Key facts
Department: Finance
Total students 2015/16: Unavailable
Average class size 2015/16: Unavailable
Capped 2015/16: No
Value: Half Unit
PDAM skills
- Problem solving
- Application of information skills
- Application of numeracy skills
- Commercial awareness
