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: aggregation, course, Courses, discount, Economic, Faculty of Economic, Financial Economics I, setting, The University of Tokyo, utility
Category : The University of Tokyo
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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
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.
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
Faculty of Economic at The University of Tokyo
5551: Experimental Economics
Winter Matsushima
Introduction to Experimental Economics and Game Theory, and their Advanced Topics
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.