15.401: Managerial Finance
This course covers the fundamentals of modern financial analysis that are essential to any manager, entrepreneur, investor, or other business professional. The course is organized around three themes: (i) valuing a company, (ii) raising capital, and (iii) managing risk. Topics include personal and corporate investment decisions, startup financing, risk analysis, and an introduction to security analysis and asset management.
Links: Syllabus, Stellar, MITx, Piazza (main page), Piazza (signup)
15.472: Advanced Asset Pricing
This course focuses on theoretical and empirical tools and results in macro-finance, asset pricing, and portfolio choice. The lectures will be a blend of theory, econometric and computational methods, and a critical review of empirical studies. The course will cover topics that include cross-sectional and time-series models in asset pricing; consumption-based models; heterogeneous agent models; intermediary asset pricing; liquidity and asset prices; and an introduction to continuous-time finance. Please see “Course Schedule and Readings” for the precise topics to be covered in the course this year. The course is designed to jump-start PhD dissertations; there is no final exam, but there is a term paper with a presentation requirement, and graded assignments.
Lecture Slides:
Introduction
Computation (Part I)
Computation (Part II)
GMM
Cross-Sectional Asset Pricing
Term Structure
This course covers the fundamentals of modern financial analysis that are essential to any manager, entrepreneur, investor, or other business professional. The course is organized around three themes: (i) valuing a company, (ii) raising capital, and (iii) managing risk. Topics include personal and corporate investment decisions, startup financing, risk analysis, and an introduction to security analysis and asset management.
Links: Syllabus, Stellar, MITx, Piazza (main page), Piazza (signup)
15.472: Advanced Asset Pricing
This course focuses on theoretical and empirical tools and results in macro-finance, asset pricing, and portfolio choice. The lectures will be a blend of theory, econometric and computational methods, and a critical review of empirical studies. The course will cover topics that include cross-sectional and time-series models in asset pricing; consumption-based models; heterogeneous agent models; intermediary asset pricing; liquidity and asset prices; and an introduction to continuous-time finance. Please see “Course Schedule and Readings” for the precise topics to be covered in the course this year. The course is designed to jump-start PhD dissertations; there is no final exam, but there is a term paper with a presentation requirement, and graded assignments.
Lecture Slides:
Introduction
Computation (Part I)
Computation (Part II)
GMM
Cross-Sectional Asset Pricing
Term Structure