Advanced Financial Economics - Asset Pricing

Guest Instructor: 
Maria Kasch
Time I: 
12:00am to 02:00pm
Venue I: 
HU Berlin, Spandauer Str. 1, Room 23

This course introduces the students to recent developments in empirical asset pricing. The central question addressed in the course is: What causes the fluctuations in prices of risky assets? This question has been a source of intense debate among financial economists over the last decades, with no resulting consensus. It has divided our profession into two broad groups, “rational” and “behavioral”. The course starts with a brief review of the basic concepts of the asset pricing theory. The main part of the course is divided into three sections:
1. Time-series facts and excess volatility
2. Cross-sectional facts and anomalies
3. Empirical methods
Each section will include (i) lectures, (ii) empirical work and (iii) student presentations and discussions of the papers from the reading list.

Spring 2016
Humboldt-Universität zu Berlin
End date of the whole course: 
Friday, July 22, 2016 - 2:00pm