Teaching

ECO525: Financial Economics I

Semester: 

Fall

Offered: 

2015

The aim of this Ph.D. course is to provide an introduction to asset pricing under asymmetric information. Module I introduces students to rational expectations models and strategic market microstructure models, especially insider trading and sequential trade models. It also highlights the role of higher order uncertainty and knowledge and outlines no-trade theorems. Module II pays explicit attention to models of bubbles and limits to arbitrage. Herding models form part of this module.

FIN501: Asset Pricing I

Semester: 

Fall

Offered: 

2015
An introduction to the modern theory of asset pricing. Topics include: No arbitrage, Arrow-Debreu prices and equivalent martingale measure; security structure and market completeness; mean-variance analysis, Beta-Pricing, CAPM; introduction to derivative pricing and "friction finance".

ECO467/FIN567: Institutional Finance

Semester: 

Fall

Offered: 

2012

Course studies financial institutions and focuses on the stability of the financial system. It covers important theoretical concepts and recent developments in financial intermediation, asset pricing under asymmetric information, behavioral finance, and market microstructure. Topics include market efficiency, asset price bubbles, herding, liquidity crisis, credit crunch, risk management, market design, and financial regulation.

ECO575: Topics in Financial Economics

Semester: 

Spring

Offered: 

2008

This is a topics course and reflects issues that are important for understanding the current crisis. Crisis relevant papers are drawn from asset pricing, corporate finance and macroeconomics.