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FAI3029 An Introduction to Asset Pricing with Macro-Finance 7.5 credits

About course offering

For course offering

Spring 2022 Start 18/01/2022 programme students

Target group

No information inserted

Part of programme

No information inserted

Periods

P3 (7.5 hp)

Duration

18/01/2022

18/03/2022

Pace of study

50%

Form of study

Normal Daytime

Language of instruction

English

Course location

KTH Campus

Number of places

Places are not limited

Planned modular schedule

No information inserted

Application

For course offering

Spring 2022 Start 18/01/2022 programme students

Application code

61355

Contact

For course offering

Spring 2022 Start 18/01/2022 programme students

Examiner

No information inserted

Course coordinator

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Teachers

No information inserted
Headings with content from the Course syllabus FAI3029 (Autumn 2020–) are denoted with an asterisk ( )

Content and learning outcomes

Course contents

  • Preferences, utility functions, risk and uncertainty.
  • Consumption-baset asset pricing.
  • Stochastic discount factors, the law of one price and arbitrage. 
  • Mean-variance analysis and CAPM.
  • Factor models and APT.
  • Asset pricing and macroeconomic models. 
  • Empirical issues connected to the models. 

Intended learning outcomes

The objective of the course is to give the participants an introduction to the theory of asset pricing, and how these models connect financial economics with macroeconomics. The focus is on theoretical models, but some empirical issues will also be considered. 

Course disposition

No information inserted

Literature and preparations

Specific prerequisites

Basic courses in mathematics, statistics and economics/finance. 

Recommended prerequisites

No information inserted

Equipment

No information inserted

Literature

No information inserted

Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

P, F

Examination

  • INL1 - Hand-in assignments, 7.5 credits, grading scale: P, F
Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Handing in solutions to problem sets and satisfactory participation in the lectures. 

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted

Examiner

Ethical approach

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web FAI3029

Offered by

Main field of study

This course does not belong to any Main field of study.

Education cycle

Third cycle

Add-on studies

No information inserted

Postgraduate course

Postgraduate courses at ABE/Real Estate Economics and Finance