Units: 1.5, Hours: 3-0
An introduction to the application of economics to finance, with an emphasis on the theory of asset pricing. Topics include mean-variance portfolio analysis; the capital asset pricing model and arbitrage pricing theory; equity and fixed income securities; options and the Black-Scholes pricing formula; and futures contracts.
Note: Credit will be granted for only one of 435, COM 446, MBA 525.
Prerequisites: 305, 313, and 246 or equivalent; one of: A- in 305; COM 240; permission of the department.
Pre- or corequisites: 225.
Undergraduate course in Economics offered by the Department of Economics in the Faculty of Social Sciences.