Postgraduate Course: Asset Pricing (ECNM11031)

Course Outline
School	School of Economics	College	College of Arts, Humanities and Social Sciences
Credit level (Normal year taken)	SCQF Level 11 (Postgraduate)	Availability	Available to all students
SCQF Credits	10	ECTS Credits	5
Summary	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; behavioural finance and Individual portfolio choices.
Course description	Not entered

Entry Requirements (not applicable to Visiting Students)
Pre-requisites	It is RECOMMENDED that students have passed Macroeconomics 2 (ECNM11022) AND Microeconomics 2 (ECNM11025)	Co-requisites
Prohibited Combinations		Other requirements	Students should be registered for MSc Economics or MSc Economics (Finance). All other students must email sgpe@ed.ac.uk in advance to request permission.

Information for Visiting Students
Pre-requisites	Students should be registered for MSc Economics or MSc Economics (Finance). All other students must email sgpe@ed.ac.uk in advance to request permission.
High Demand Course?	Yes

Course Delivery Information

Academic year 2022/23, Available to all students (SV1)		Quota: 0
Course Start	Block 4 (Sem 2)
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 100 ( Lecture Hours 18, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 78 )
Assessment (Further Info)	Written Exam 100 %, Coursework 0 %, Practical Exam 0 %
Additional Information (Assessment)	Final Examination in the April/May diet.
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S2 (April/May)			2:00