ECON624 FINANCIAL ECONOMICS I
| Course Code: | 3110624 |
| METU Credit (Theoretical-Laboratory hours/week): | 3(3-0) |
| ECTS Credit: | 8.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | PhD |
| Course Coordinator: | Assoc.Prof.Dr. ESMA GAYGISIZ LAJUNEN |
| Offered Semester: | Fall or Spring Semesters. |
Course Content
The focus of this course is on asset pricing. The topics to be discussed are: choice under uncertainty, expected utility theory, mean-variance portfolio theory using both static and dynamic approach, the theory of capital market equilibrium and asset valuation, the capital asset pricing model, the Arbitrage Pricing Theory, mutual fund separation and aggregation theorems, risk neutral valuation in complete markets, incomplete asset markets, differential information, risk measure, general equilibrium under uncertainty and asymmetric information.