- The results of the late-sit exam have been sent out by email. If you have not received an email with your result, please write an email to Jürgen Bohrmann
- The results of the exam are available here.
- If you passed, you can collect your "Schein" in the Department of Finance's secretariat starting from 13 March.
You can send an (even anonymous) feedback using the feedback form and choosing your desired recipient.
Downloads are password protected. The username is „student“. You can use your ANA (Authentifizierter Netzzugangs-Account) from kiz and the webVPN to bypass the protection.
In addition to the excercises we offer regular help sessions.
The last help session has taken place on Thursday, 14 February, at 12:30 - 14:00.
During the help sessions you can ask Elena Litkin questions concerning the lecture, the exercises or the
papers. Please write Elena an email with your questions in advance of the session, so she can prepare.
Downloads - lecture:
Downloads - exercises:
Introduction: finance basics
Time value of money, compounding, measuring return, discount rates, dividend discount model, expected utility
The stochastic discount factor
Using the stochastic discount factor approach to understand returns on risky and risk-free assets
Factor pricing models
The CAPM and the empirical evidence, Fama-French-3-factors
Aggregate stock price behavior
Equity premium puzzle, Time series predictability
Rationality and behavioral Finance
Inflation illusion, bubbles, prospect theory
|Mon, 07.01.2008 ||Lecture|
|Wed, 09.01.2008 ||Exercises (5th problem set) ||Please read Goyal/Welch (2003). |
|Mon, 14.01.2008 ||Lecture|
|Wed, 16.01.2008 ||Lecture|
|Mon, 21.01.2008 ||Lecture|
|Wed, 23.01.2008 ||Exercises (6th problem set) ||Please read Shiller (2003). |
|Mon, 28.01.2008 ||Lecture|
|Wed, 30.01.2008 ||Lecture||Please read Brunnermeier/Nagel (2004).|
|Mon, 04.02.2008 ||Lecture|
|Wed, 06.02.2008 ||Lecture||Please read Kahneman/Tversky (1979).|
|Mon, 11.02.2008 ||Exercises (7th problem set)||Plus Q&A for exam.|
|Wed, 13.02.2008 ||Q&A for exam|
|Wed, 20.02.2008 ||Exam in H2 and H3 from 8 am to 10 am|
|Tue, 01.04.2008 ||Late-sit exam in HeHo 18, room 120, from 2 pm to 4 pm|
- Cochrane: Asset Pricing, 2005, in particular: chapters 1 (not 1.5), 9 (only 9.1), 12 (only 12.3), 20, 21 (21.1), Revised Edition.
(1st edition will do but check out the typo list on Cochranes homepage.)
- You find a list of papers in the slides.