|This Ph.D.-level course is concerned with models for portfolio decisions by investors and the pricing of securities in capital markets. The material is covered in a rigorous analytical manner, although formal technical requirements are minimal. This course is meant to be difficult, but accessible to the motivated M.B.A. student. The reading list is extensive. The expectation is that the average student spends 15+ hours per week on the course, outside of class.|
|Based on weekly take home exam questions, about five problem sets, and a term paper (optional for M.B.A. students). Class participation (I cold call) is also used to determine grades. Cannot be taken pass/fail. No auditors.|
|Bus 33001, 41000, and 41100: strict; or consent of instructor. A good fundamental background in economics and statistics. I will grant waivers for students who have strong backgrounds in economics and statistics. Permission of instructor required for all non-Chicago Booth students.
Description and/or course criteria last updated: 7/23/09
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