Financial Economics I Course at The University of Tokyo

Faculty of Economic at The University of Tokyo

4091: Financial Economics I
Summer Kobayashi and Garleanu
This course is an introductory course in theoretical financial economics, with an emphasis on the basic theories of asset pricing. We begin by dealing with individual choices under uncertainty and two-period consumption-portfolio problems. We then move on to equilibrium pricing theories, including implications of no arbitrage and stochastic discount factor, risk sharing, aggregation, and consumption-based pricing in complete markets, mean-variance efficiency and the Capital Asset Pricing Model, and the Arbitrage Pricing Theory. We also explore the relation between these various pricing theories. We will then explore models of pricing and portfolio choice in a multi-period setting. We will also discuss the behavioral choice models based on nonexpected utility and the prospect theory

Tags: , , , , , , , , ,

Leave a Reply

Financial Economics II Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 4092: Financial Economics II Winter Kobayashi This course develops continuous-time models in finance, mainly pertaining to optimal portfolio choice and asset pricing. The structure of the course is as follows: 1. Brownian Motion and Ito Calculus 2. Optimal Consumption and Investment 3. Consumption- and Intertemporal Capital Asset Pricing Model 4. No-arbitrage and Martingale 5. Equity Options 6. Term Structure Models 7. Jump Process and Applications

Financial System Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 4099: Financial System Summer Yanagawa This course develops the theory of financial intermediation and markets. It will cover basic topics such as the roles of banks and markets, limited commitment, collateral, market liquidity, and liquidity crises, financial frictions and aggregate economy.

Applied Experimental Economics Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 5060: Applied Experimental Economics Summer Matsushima Application of Experimental Economics and Game theory to Various Economics Topics

Experimental Economics Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 5551: Experimental Economics Winter Matsushima Introduction to Experimental Economics and Game Theory, and their Advanced Topics

Regulations on Financial Markets and Institutions Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 5057: Regulations on Financial Markets and Institutions Winter Miwa The course deals with regulations on financial markets and institutions, including banks. The couse addresses a variety of cases on actual financial regulation in Japan. The details will be explained at the opening class.

Methodology of Economics Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 4019: Methodology of Economics Summer Maruyama The purpose of this course is to acquire deeper understanding of the methodology of economics as social science by means of studying Karl Polanyi's economic anthropology.

Development Economics Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 2209: Development Economics Winter Sawada This course covers various topics of micro- and macro-economic analyses of economic development. Through lectures and homework assignments, we will learn how we can apply modern economic theory to analyze a wide range of development issues. Specifically, lectures will cover the following topics: 1. Introduction to development economics 2. Economic Growth 3. Agricultural household models 4. Poverty dynamics and risk-sharing 5. ROSCAs and Microfinance 6. Poverty dynamics and theories of targeting 7. Structural change and coordination failure 8. Trade policies for development 9. Debt and financial crises

Agricultural Economics Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 2205: Agricultural Economics Summer Yasaka In this lecture, I would like to analyze some approaches of agricultural economics, then take up some basic issues about Japanese agriculture including family farming, price policy, land use, agricultural cooperatives etc. and discuss them on the basis of an analytic approach, placing emphasis on historical and institutional aspects.

Financial Data Analysis Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 4807: Financial Data Analysis Winter M.Nakasato The purpose of this course is to examine several financial models using actual security market data. The topics are as follows. Return Distribution, Portfolio Selection, Capital Asset Pricing Model, Spot-futures Parity, Option Pricing Formula, and Delta Hedging.

Labor Economics Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 2206: Labor Economics Winter Saguchi This course will cover the theory, insitutions and history of labor markets and employment relations.

Real Estate Finance and Economics Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 5552: Real Estate Finance and Economics Summer Yoshida This course deals with economic analyses of real estate as a financial asset class. A wide variety of real estate-based financial products (e.g., direct investments, REITs, Mortgages, Mortgage-Backed Securities (MBS), Collateralized Mortgage Obligations (CMOs), Collateralized Debt Obligations (CDOs)) collectively form much bigger markets than government debts in many countries. The course covers theories, empirical facts, and business practices in real estate finance. The topics include residential and commercial location choice, investment decision, rental agreements, asset pricing, return and risk characteristics, and various securitization.

FInancial Institutional Risk Management Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 4805: FInancial Institutional Risk Management Summer Ikemori & Miyake This course covers the applications of derivatives by banks and corporations, including pricing, structures, and risk management.

Mathematics for Economics Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 4015: Mathematics for Economics Summer Choi This course teaches mathematical methods necessary for understanding economic literature. The major topics such as static and dynamic optimization problems are covered. To register this course, students are expected to have knowledge of simple mathematics such as derivatives, limits, and so on.

Financial Accounting Course at The University of Tokyo

3309: Financial Accounting Summer Obinata The main purpose of this course is to understand the basic concepts and principles underlying financial accounting. The attention will be paid to the users’ skill of understanding the empirical meanings contained in the financial statements.

Global Finance Course at The University of Tokyo

Faculty of Economic at The University of Tokyo 5053: Global Finance Summer Ueda This course covers the current state and the effects on the global economy of financial globalization. It starts with a review of the theory of international finance and proceeds to the description of economic agents who carry out global financial investment on a large scale; hedge funds, instituional investors and large global financial institutions. Both the positive and negative effects on world economies of financial globalization are also discussed. In so doing, emphasis is given to the discussion of the current sub-prime mortgage loan crisis.