Asset Pricing (GRAE021)

 This introductory course aims to provide you with an understanding of the theoretical and, mainly, practical aspects of the asset management and the pricing of assets in financial markets. We will take an applied perspective on various relevant topics, such as risk-return trade-off, diversification, interest rates, efficient markets, portfolio management, valuation and pricing of securities, options and other derivatives, and FinTech applications to investment management and asset pricing. Topics are selected in accordance to the requirements of Chartered Financial Analyst (CFA) and Professional Risk Manager (PRM) worldleading certification for finance and risk management, so to offer the adequate preparation for CFA and PRM exams and for relevant positions in the finance industry, such as research analyst, investment analyst, or portfolio manager.

• Describe in considerable depth the players, assets, terminology and conventions in financial markets
• Explain in considerable detail various portfolio theories as well as the risk-return tradeoff, efficient market hypothesis and behavioral finance
• Describe in considerable depth and use CAPM and multi-factor asset pricing models
• Understand the pricing and valuation of stocks, bonds, options and other derivatives
• Analyze and reflect critically on the FinTech applications to empirical asset pricing