Advanced Financial Markets (Econ 433)
Undergraduate, Emory, 2025
This course studies personal finance, some institutional details on the financial markets, bond pricing (including duration analysis), optimal portfolio problem, mutual fund theorem, Capital Asset Pricing Model, and option pricing (including bounds on option prices, suboptimality of early exercise of American call options, put-call parity, and binomial option pricing). The course requires good analytical skills (basic calculus and probability/statistics). To solve numerical examples, we will learn programming in Matlab, although no prior knowledge is necessary.