*开始时间: 04/22/2022
持续时间: 7 weeks*

所在平台: CourseraArchive 课程类别: 经济与金融 大学或机构: The University of Chicago（芝加哥大学） 授课老师： John H. Cochrane |

课程主页: https://www.coursera.org/course/assetpricing2

课程评论：没有评论

Are you curious about quantitative academic finance? Have you considered graduate study in finance? Are you working in an investment bank, money-management firm or hedge fund and you want to understand models better? Would you like to know what buzzwords like beta, risk premium, risk-neutral price, arbitrage, equity premium, and discount factor mean? This class is for you.

We will see how one basic idea, price equals expected discounted payoff, unites everything - models that describe stocks, bonds, options, real investments, discrete time, continuous time, asset pricing, portfolio theory, and so forth.

This second part builds on what we studied in Asset Pricing, Part I. First, we see classic factor pricing models in action, first by studying the Fama French model and then by studying the question whether portfolio managers have skill or not. We’ll look in depth at the time-series predictability of returns, “bubbles,” and volatility. We’ll extend the theory to cover options, then bonds, and study the facts about the term structure of interest rates. The course closes with portfolio theory, how should investors structure their investment portfolios.

The math in real, academic, finance is not actually that hard. Understanding how to use the equations, and see what they really mean about the world... that's hard, and that's what I hope will be uniquely rewarding about this class.

**Week 1: Factor Pricing Models in Action****Week 2: Time Series Predictability in Detail****Week 3: Macroeconomics and Asset Pricing****Week 4: Option Pricing****Week 5: Term Structure Models and Facts****Week 6: Portfolio Theory**

This course is part two of an introduction to graduate-level academic asset pricing. This second part uses the theory and elaborates empirical understanding. It shows some classic applications including the Fama-French three factor model, consumption and the equity premium, and extends the theory to cover options, bonds, and portfolios.