Date |
Notes |
Readings |
Homework/Exams |
Keys |
| Week 1 (Jan. 7-11) |
Introduction to risk, return and historical record |
BMK Ch. 5 |
-- |
Statistics summary |
| Week 2 (Jan. 14-18) |
Lecture 2: Risk aversion and capital allocation to risky assets |
BKM Ch.6 |
Hw 1, due January 25 |
Key Hw 1 |
| Week 3 (Jan. 23-25) |
Lecture 3: Portfolio Diversification |
BKM Ch.7 |
-- |
-- |
| Week 4 (Jan. 28-, Feb. 1) |
Lecture 4: Markowitz portfolio selection model || JK paper |
BKM Ch.9 |
Hw 2, due February 8 |
Key Hw 2 || Excel files |
| Week 5 (Feb. 4-8) |
Lecture 5: The capital asset pricing model. Tests of CAPM |
BKM Ch.10-13 |
-- |
-- |
| Week 6 (Feb. 11-15) |
Lecture 6: Arbitrage pricing theory||The efficient market hypothesis |
BKM Ch.14 |
Hw 3, due February 22 |
Key Hw 3 |
| Week 7 (Feb. 18) |
Lecture 7: Bond prices and yields. Macauley duration. Convexity. Portfolio immunization |
BKM Ch.16 |
-- |
-- |
| Week 7 (Feb. 20) |
Midterm review session |
BKM Ch.5-7, 9-14 |
-- |
-- |
| Feb. 22 |
MIDTERM |
-- |
Sample midterm |
Midterm key |
| Week 8 (Mar. 4-8) |
Lecture 8: Term structure of interest rates |
BKM Ch. 15 |
Hw 4, due March 16 |
Key Hw4 |
| Week 9 (March 12-16) |
Lecture 9: Equity valuation models |
BKM Ch.18 |
-- |
-- |
| Week 10 (Mar. 18-22) |
Lecture 10: Options: introduction |
BKM Ch. 20 |
-- |
-- |
| Week 11 (Mar. 25-29) |
Lecture 11: Option valuation |
BKM Ch.21 |
Hw 5, due April 5th |
Key Hw5 |
| Week 12 (Apr. 2-6) |
Lecture 12: Futures markets |
BKM Ch.22 |
-- |
-- |
| Week 13 (Apr. 9-13) |
Lecture 13: Futures, swaps and risk management |
BKM Ch.23 |
 Hw 6, due April 19th |
Key Hw6 |
| Week 14 (Apr. 16-20) |
Review sessions |
-- |
Sample final |
-- |
