2013 Unit of Study
The session(s) below are for 2013. For Summer School 2013 unit of study availability please visit the Summer School website (main Summer session January/February 2013).
The University of Sydney session calendar shows exact dates for sessions.
|Advanced Asset Pricing|
|Prerequisites||FINC5001 or FINC5002 or FINC6000|
|Lectures||1x 3hr seminar per week|
|Assessment||2 x In class test (15% each), Assignment (20%), Final exam (50%)|
|Description||This unit covers the fundamentals of asset pricing and valuation, under equilibrium conditions and under no-arbitrage restrictions. The course will review the main themes in modern asset pricing, and introduce ideas of importance to the evolution of the discipline, and consequently of relevance to a practitioners long term perspective. New sections on the behavioural approach to asset pricing and exotic option pricing have been included. The course emphasises quantitative methods, so students are required to have fairly strong mathematical skills. Nevertheless, the mathematical tools needed in the course will be adequately reviewed.|