Syllabus

Course Intro


Tuesday, January 13
Thursday, January 15


Tuesday, January 20
Thursday, January 22


Tuesday, January 27
Thursday, January 29


Tuesday, February 3
Thursday, February 5


Tuesday, February 10
Thursday, February 12


Tuesday, February 17
Thursday, February 19


Tuesday, February 24
Thursday, February 26


Tuesday, March 10
Thursday, March 12


Tuesday, March 17
Thursday, March 19


Tuesday, March 24
Thursday, March 26


Tuesday, March 31


Tuesday, April 7
Thursday, April 9


Tuesday, April 14
Thursday, April 16


Thursday, April 23

Problem Set 1
Hints on Problem Set 1
Solutions to Problem Set 1


Problem Set 2
Hints on Problem Set 2
Solutions to Problem Set 2


Problem Set 3
Hints on Problem Set 3
Solutions to Problem Set 3


Problem Set 4
Hints on Problem Set 4
Solutions to Problem Set 4


Problem Set 5
Hints on Problem Set 5
Solutions to Problem Set 5


Problem Set 6
Hints on Problem Set 6
Solutions to Problem Set 6


Problem Set 7
Solutions to Problem Set 7


Problem Set 8
Solutions to Problem Set 8


Midterm Exam
Solutions to Midterm Exam


Problem Set 9
Hints on Problem Set 9
Solutions to Problem Set 9


Problem Set 10
Hints on Problem Set 10
Solutions to Problem Set 10


Problem Set 11
Solutions to Problem Set 11


Problem Set 12
Solutions to Problem Set 12


Problem Set 13
Hints on Problem Set 13
Solutions to Problem Set 13


Final Exam


Monthly Data for Question 1 (spreadsheet)
Monthly Data for Question 1 (plain text)
Annual Data for Question 3 (spreadsheet)
Annual Data for Question 3 (plain text)


Solutions to Final Exam

1. Introduction
   
   1. Mathematical and Economic Foundations
      
   2. Overview of Asset Pricing Theory
      

2. Decision-Making Under Uncertainty
   
   3. Making Choices in Risky Situations
      
   4. Measuring Risk and Risk Aversion
      

3. The Demand for Financial Assets
   
   5. Risk Aversion and Investment Decisions
      
   6. Modern Portfolio Theory
      

4. Classic Asset Pricing Models
   
   7. The Capital Asset Pricing Model
      
   8. Arbitrage Pricing Theory
      

5. Arrow-Debreu Pricing Models
   
   9. Arrow-Debreu Pricing: Equilibrium
      
   10. Arrow-Debreu Pricing: No-Arbitrage
       

6. Extensions
   
   11. Martingale Pricing
       
   12. The Consumption Capital Asset Pricing Model
       

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Previous Exams with Solutions: Fall 2013 - Spring 2025