Explores arbitrage in multiperiod models, covering dynamic trading, absence of arbitrage, trading strategies, discounted prices, and martingales.
Covers derivatives pricing, replication, and interpretation, including examples of call options, forward contracts, and put options.
Covers the Capital Asset Pricing Model, estimating betas, empirical evidence on returns versus beta, short-sale constraints, and optimal portfolio choice.
Covers the fundamental theorems of asset pricing, including EMM, self-financing strategies, risk-neutral pricing, and completeness of markets.
Introduces the principles of options in corporate finance, covering markets, terminology, valuation, and pricing models.
Explores optimal portfolio choice with leverage constraints, the security market line, alpha, empirical evidence, CAPM limitations, APT extensions, and modern finance insights.
Explores factor models in finance, covering mean-variance portfolios, size and value anomalies, and momentum strategies.
Covers the binomial model for asset pricing, including options pricing and convergence to the Black-Scholes model.
Introduces the history and concepts of derivatives, including forward contracts, options, and their use in hedging and speculation.
