Spring 2021 catalog is now live!

To determine if a course is remote, hybrid, or in-person use the catalog search tool to narrow results. Otherwise, when browsing courses, the section indicates teaching mode:

R = Remote
H = Hybrid
0 = In-person

Teaching modes (remote, hybrid, in-person) are subject to change at any point. Please pay close attention when registering. Depending on the timing of a teaching mode change, faculty also may be in contact with students.

ECON 364
Theory of Asset Pricing Fall 2020
Division II

Class Details

What is the price of time? What is the price of risk? How do markets allocate resources across time and uncertain states of the world? This course theoretically studies how markets allocate scarce resource across time and when outcomes are risky. The “goods” in such markets are called “assets” and the prices of “assets” determine the cost of trading resources across time and across uncertain states of the world. We theoretically investigate how equilibrium determines the price of time, then asset price implications; then asset allocations and prices in the presence of risk; finally, implications for new assets.
The Class: Format: lecture
Limit: 20
Expected: 20
Class#: 2399
Grading: no pass/fail option, yes fifth course option
Requirements/Evaluation: problem sets and exams
Prerequisites: ECON 251 or ECON 252; and ECON 255 or STAT 201
Enrollment Preferences: Economics majors
Distributions: Division II

Class Grid

Updated 2:49 pm ET

Course Catalog Search

(searches Title and Course Description only)



Start Time
End Time