Trading in process on the floor of the New York Stock Exchange. (This image is in the public domain, found on Wikimedia Commons.)
Instructor(s)
Prof. Andrew Lo
MIT Course Number
15.401
As Taught In
Fall 2008
Level
Graduate
Course Description
Course Features
- Video lectures
- Captions/transcript
- Lecture notes
- Assignments: problem sets with solutions
- Exams and solutions
Course Description
This course introduces the core theory of modern financial economics and financial management, with a focus on capital markets and investments. Topics include functions of capital markets and financial intermediaries, asset valuation, fixed-income securities, common stocks, capital budgeting, diversification and portfolio selection, equilibrium pricing of risky assets, the theory of efficient markets, and an introduction to derivatives and options.