Syllabus

Course Intro


Tuesday, January 16
Thursday, January 18


Tuesday, January 23
Thursday, January 25


Tuesday, January 30
Thursday, February 1


Tuesday, February 6
Thursday, February 8


Tuesday, February 13
Thursday, February 15


Tuesday, February 20
Thursday, February 22


Tuesday, February 27
Thursday, February 29


Tuesday, March 12
Thursday, March 14


Tuesday, March 19
Thursday, March 21


Tuesday, March 26


Tuesday, April 2


Tuesday, April 9
Thursday, April 11


Thursday, April 18


Tuesday, April 23
Thursday, April 25


Tuesday, May 2

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 - Fall 2023