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040176 KU Asset Pricing 1 (MA) (2025S)
Continuous assessment of course work
Labels
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Mo 10.02.2025 09:00 to Tu 18.02.2025 12:00
- Registration is open from We 26.02.2025 09:00 to Th 27.02.2025 12:00
- Deregistration possible until Fr 14.03.2025 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Since this course is typically heavily oversubscribed, participation in the introductory meeting is absolutely necessary to secure your seat.
The final will take place at Wednesday, April 4th. There is no re-take exam.- N Monday 03.03. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 05.03. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 07.03. 08:00 - 09:30 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
- Monday 10.03. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 14.03. 08:00 - 09:30 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
- Monday 17.03. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 19.03. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 21.03. 08:00 - 09:30 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
- Monday 24.03. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 26.03. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 28.03. 08:00 - 09:30 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
- Monday 31.03. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 02.04. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 04.04. 08:00 - 09:30 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
- Monday 07.04. 08:00 - 09:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Wednesday 09.04. 08:00 - 09:30 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Information
Aims, contents and method of the course
The course Asset Pricing I is the first part of a sequence on asset pricing. Asset Pricing I analyses the determinants of asset prices in a complete market setting under symmetric information. Asset Pricing II extends the analysis to the empirically more relevant incomplete market setting with asymmetric information and liquidity risk.Asset Pricing I provides a unified framework of classical asset pricing theories, according to which individual securities are priced in general market equilibrium taking into account all feedback effects (from other securities). Hence, it provides the foundations of the concept of the market price of risk as well as an understanding of the limits of the equilibrium concept as a basis of understanding financial crises, developed in more detail in Asset Pricing II.The role of informational asymmetries on market participation, liquidity and, hence, asset prices will be the topic of the advanced course Asset Prices II.While the course is mainly theoretical, all its motivation as well as the validation of the theories developed in this course is empirical and data-driven.
Assessment and permitted materials
Written (final, homework, quizzes) and oral (presentations, active participation).The final will carry 45 points.
Homework will carry up to 25 points in total provided the results can be presented in a coherent way.
Active participation and quizzes will carry another 30 points in total.
Homework will carry up to 25 points in total provided the results can be presented in a coherent way.
Active participation and quizzes will carry another 30 points in total.
Minimum requirements and assessment criteria
Prior participation of the preparatory course Basics of Finance is highly recommended.In order to pass the course at least 50 points are required as well as a minimum of 20 points in the final exam.
Examination topics
Presentations of the lecturer including presentation slides, student presentations, reading list
Reading list
Textbooks:• Cochrane, J.: Asset Pricing, Princeton University Press, 2nd revised edition, 2009.
• Hens, T. and M.O. Rieger: Financial Economics, Springer, 2010.
• Skiadas, C.: Asset Pricing Theory, Oxford University Press, 2009.Further literature will be made available on Moodle.
• Hens, T. and M.O. Rieger: Financial Economics, Springer, 2010.
• Skiadas, C.: Asset Pricing Theory, Oxford University Press, 2009.Further literature will be made available on Moodle.
Association in the course directory
Last modified: Th 23.01.2025 11:05