Lectures
- 1. Introduction
- 2. Securities, Random Walk on Wall Street
- 3. Portfolio Theory Part 1
- 4. Portfolio Theory Part 2
- 5. Portfolio Theory Part 3
- 6. The CAPM and APT
- 7. Applications and Tests
- 8. The Equity Market: Cross Sectional Variation in Stock Returns
- 10. Equity Options Part 1: Pricing
- 11. Equity Options Part 2: Empirical Evidence
- 13. The Fixed Income Market Part 1: Introduction
- 14. The Fixed Income Market Part 2: Time Varying Interest Rates and Yield Curves
- 15. Forwards, Futures & Swaps
- 16. Risk Management
- 17. The Credit Market Part 1: Modeling Default Risk
- 18. The Credit Market Part 2: Credit Derivatives
- 19. Security Analysis
- 20. Active Portfolio Management
- 21. Hedge Funds
- 22. Market Efficiency
- 23. Commodities
Investments
Course Summary
This course is based on 15.433 Investments, Spring 2003 made available by Massachusetts Institute of Technology: MIT OpenCourseWare under the Creative Commons BY-NC-SA license.
This course teaches how to make sound investment decisions through in-depth knowledge of the financial markets, rigorous analytical thinking and precise mathematical derivation. The focus of this course is on financial theory and empirical evidence for making investment decisions. Topics include: portfolio theory; equilibrium models of security prices (including the capital asset pricing model and the arbitrage pricing theory); the empirical behavior of security prices; market efficiency; performance evaluation; and behavioral finance. A comprehensive set of lecture notes is included with this course.
Reading Material
1. InvestmentsBodie, Zvi, Alex Kane, and Alan J. Marcus ("BKM"). Investments. 5th Edition. McGraw-Hill/Irwin, 2002.
(click the image below to link to the 8th edition)
2. Capital Ideas: The Improbable Origins of Modern Wall Street
P. Bernstein. Capital Ideas: The Improbable Origins of Modern Wall Street. New York: Free Press, 1992.
(click the image below to link to the 2005 edition)
