Economics 3379: Financial Economics
Department of Economics, Boston College, Spring 2025

Tuesday and Thursday, 10:30 - 11:45am
Campion Hall, Room 200

Professor Peter Ireland
Maloney Hall, Room 338
Email: peter.ireland@bc.edu

Syllabus
Class Presentation Slides
Problem Sets and Exams
Lecture Notes
Previous Exams
Syllabus (pdf):

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Class Presentation Slides (pdf):

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Problem Sets and Exams (pdf):

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Lecture Notes (pdf):

  1. Introduction

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

  2. Decision-Making Under Uncertainty

    1. Making Choices in Risky Situations
    2. Measuring Risk and Risk Aversion

  3. The Demand for Financial Assets

    1. Risk Aversion and Investment Decisions
    2. Modern Portfolio Theory

  4. Classic Asset Pricing Models

    1. The Capital Asset Pricing Model
    2. Arbitrage Pricing Theory

  5. Arrow-Debreu Pricing Models

    1. Arrow-Debreu Pricing: Equilibrium
    2. Arrow-Debreu Pricing: No-Arbitrage

  6. Extensions

    1. Martingale Pricing
    2. The Consumption Capital Asset Pricing Model

These notes are unrevised from January 2025; see the presentation slides for edits.

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Previous Exams (pdf):

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