introduction

1. empirical facts

2. no-arbitrage and stochastic discount factor

part I: factor models

3. linear factor models

4. momentum

5. liquidity

6. conditional factor models

part II: consumption-based models

7. equity premium puzzle

8. external habit

9. recursive preferences

10. long-run risks

11. rare disasters

12. other models (multiple goods, incomplete information, heterogeneous agents, multiple assets)