ECOM086 - Topics in Financial Economics
This module covers topics in theoretical and empirical finance such as: expected utility paradigm, portfolio choice and Markowitz theory, the CAPM and CCAPM models, arbitrage pricing theory, stochastic discount factor based asset pricing, incomplete markets, risk management, topics on empirical asset pricing, liquidity, market microstructure models, stochastic calculus, asset pricing in continuous time, derivatives valuation, and term structure models. In any particular year the topics covered are at the discretion of the instructors.
Topics in Financial Economics is required for the MRes Finance and optional for the MRes Economics (each candidate must select two of the four Topics modules), and registration is restricted to students on these programmes. Successful completion of the module will equip students to conduct publishable research in theoretical or empirical finance.