Units: 4
Hours: Seminar, 3 hours; written work, 15 hours per quarter; extra reading, 2 hours
Catalog page 386
Prerequisites: graduate standing in Management; or consent of instructor
Description: An introduction to the theory of financial economics. Covers the implications of no arbitrage, decisions under uncertainty, and various equilibrium models in a world with only one decision period. Extends these concepts to multiple periods in discrete time and continuous time.