Economics | Financial Economics
E364 | 29366 | Chang, Y.

P: (E321 or S321) and (E370 or S370)

Modern financial markets; theories and empirical evidence. Present
value, modern portfolio theory, risk and return, the capital asset
pricing model, arbitrage pricing theory, the efficient markets
hypothesis, bubbles, noise and market anomalies, options and
derivative securities, and the economic function of derivatives.