THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2009/2010
- ARCHIVE for reference only
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Home : College of Humanities and Social Science : School of Economics (Schedule W) : Economics

Archived Version

The Degree Regulations and Programmes of Study has been formulated as a dynamic online publication in order to provide the most up to date information possible. Master versions of the Degree Regulations and Programmes of Study incorporating all changes to date are archived twice a year on 1 September and within the first three University working days prior to the start of Semester 2 in January. Please note that some of the data recorded about this course has been amended since the last master version was archived. That version should be consulted to determine the changes made.

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Asset Pricing (P02122)

? Credit Points : 10  ? SCQF Level : 11  ? Acronym : ECN-P-AP

The aim of the module is to provide students with a good foundation in asset pricing, by using a blend of theoretical concepts, empirical evidence and some applications of the theory. The intention is for the students to increase their knowledge and understanding of modern finance theory. Within this context, the module covers the following topics: mean-variance analysis, the Capital Asset Pricing Model, the Arbitrage Pricing Theory, derivatives pricing; market microstructure with respect to Efficiency Market Hypothesis, security exchanges, asymmetric information and noise traders; behavioral finance and Individual portfolio choices.

Entry Requirements

? Pre-requisites : SGPE Postgraduates or Non Graduating Postgraduates Only.

Subject Areas

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Block 4 only

? Contact Teaching Time : 3 hour(s) per week for 6 weeks

All of the following classes

Type Day Start End Area
Lecture Friday 15:00 18:00 Central

Summary of Intended Learning Outcomes

Knowledge and understanding of:-
the building blocks of modern financial economics, the application of economic principles and reasoning to the main asset pricing models and financial instruments.
standard theory and empirical analysis of trading and market making on security exchanges.
the relationship between behavioral finance and asset pricing, and the way in which individual portfolio choices and behaviour are driven by personal and market psychology.

Assessment Information

Degree Exam 100%

Exam times

Diet Diet Month Paper Code Paper Name Length
1ST May 1 - 2 hour(s)

Contact and Further Information

The Course Secretary should be the first point of contact for all enquiries.

Course Secretary

Ms Marie Craft
Tel : (0131 6)51 1764
Email : Marie.Craft@ed.ac.uk

Course Organiser

Prof Andy Snell
Tel : (0131 6)50 3848
Email : a.j.snell@ed.ac.uk

School Website : http://www.ed.ac.uk/econ/

College Website : http://www.hss.ed.ac.uk/

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