To support our site, Class Central may be compensated by some course providers.

Asset Pricing, Part 2

The University of Chicago via Coursera

students interested
  • Provider Coursera
  • Subject Finance
  • $ Cost Free Online Course (Audit)
  • Session Finished
  • Language English
  • Certificate Certificate Available
  • Effort 10-15 hours a week
  • Start Date
  • Duration 7 weeks long

Taken this course? Share your experience with other students. Write review

Sign up to Coursera courses for free Learn how

Are you curious about quantitative academic finance? Have you considered graduate study in finance? Are you working in an investment bank, money-management firm or hedge fund and you want to understand models better? Would you like to know what buzzwords like beta, risk premium, risk-neutral price, arbitrage, equity premium, and discount factor mean? This class is for you. 

We will see how one basic idea, price equals expected discounted payoff, unites everything - models that describe stocks, bonds, options, real investments, discrete time, continuous time, asset pricing, portfolio theory, and so forth. 

This second part follows Asset Pricing, Part I. However, students somewhat familiar with the material in that class will be able to take this class independently.  

We start by seeing classic factor pricing models in action, first by studying the Fama French three factor model and then by studying the question whether portfolio managers have skill or not. We’ll look in depth at the time-series predictability of returns, “bubbles,” and volatility. We will study the equity premium and the link between asset pricing and macroeconomics. We’ll extend the theory to cover options, then bonds, and study the facts about the term structure of interest rates. The course closes with portfolio theory, how should investors structure their investment portfolios. 

The math in real, academic,  finance is not actually that hard. Understanding how to use the equations, and see what they really mean about the world... that's hard, and that's what I hope will be uniquely rewarding about this class.

Taught by

John Cochrane

Class Central Charts

Related Courses

Reviews for Coursera's Asset Pricing, Part 2
5.0 Based on 4 reviews

  • 5 stars 100%
  • 4 star 0%
  • 3 star 0%
  • 2 star 0%
  • 1 star 0%

Did you take this course? Share your experience with other students.

Write a review
  • 1
John W
5.0 3 years ago
John partially completed this course and found the course difficulty to be very hard.
0 person found
this review helpful
Was this review helpful to you? Yes
Youssef H
5.0 2 years ago
by Youssef audited this course.
Was this review helpful to you? Yes
Anonymous
5.0 3 years ago
Anonymous completed this course.
Was this review helpful to you? Yes
Nima S
5.0 2 years ago
by Nima completed this course.
Was this review helpful to you? Yes
  • 1

Class Central

Get personalized course recommendations, track subjects and courses with reminders, and more.