Theory of Asset Pricing

Theory of Asset Pricing

This doctoral-level course examines single- and multi-period consumption and portfolio choice models and their equilibrium asset pricing implications. Both discrete-time and continuous-time models are covered, as well as the valuation of contingent claims using martingale and stochastic discount factor approaches. The effects of asymmetric information and behavioral biases on financial decisions and asset prices are also investigated. 

Sample Course Syllabus  Course Syllabus  

Theory of Asset Pricing Textbook at Amazon Theory of Asset Pricing Text 

Corrections to Theory of Asset Pricing Textbook Corrections 

PDF Files of Theory of Asset Pricing Text

Front Matter 

Part I 

Part II 

Part III 

Part IV 

Part V 

Bibliography 

Chapter Presentations

Chapter 1 Chapter 7 Chapter 13 

Chapter 2 Chapter 8 Chapter 14 

Chapter 3 Chapter 9 Chapter 15 

Chapter 4 Chapter 10 Chapter 16 

Chapter 5 Chapter 11 

Chapter 6 Chapter 12 Chapter 18 

Answers to End of Chapter Exercises

Chapter 1 Chapter 10 

Chapter 2 Chapter 11 

Chapter 3 Chapter 12 

Chapter 4 Chapter 13 

Chapter 5 Chapter 14 

Chapter 6 Chapter 15 

Chapter 7 Chapter 16 

Chapter 8 Chapter 17 

Chapter 9 Chapter 18 

Sample Exams with Answers

2007 Mid-Term 2007 Final 

2008 Mid-Term 2008 Final 

2009 Mid-Term 2009 Final 

2010 Mid-Term 2010 Final 

2011 Mid-Term 2011 Final 

2012 Mid-Term 2012 Final 

2013 Mid-Term 2013 Final 

2014 Mid-Term

2015 Mid-Term 2015 Final 

2016 Mid-Term 2016 Final

2017 Mid-Term 2017 Final 

2018 Mid-Term 2018 Final 

2019 Mid-Term 2019 Final 

2022 Mid-Term 2022 Final