The last decade has been one of rapid, profound, and ongoing change in the investment industry. The main objective of the course is to give students an intermediate understanding of capital markets and financial instruments. We will focus on two modules which are equity markets and fixed income markets. The curriculum is designed in line with the subject topics covered in the CFA (Chartered Financial Analyst) Exam (Level I).

The last decade has been one of rapid, profound, and ongoing change in the investment industry. This course is designed for students at the doctoral level giving students an understanding of capital markets theory and empirical evidence. The course lays the foundation for future research in investments and teaching in the field. We focus on three modules which are portfolio theory, capital market equilibrium and market efficiency.

On successful completion of this course, all students will have developed knowledge and understanding of:

  • Portfolio theory > Combining risky assets, portfolio construction, Markowitz Portfolio Selection
  • Capital market equilibrium > Capital Asset Pricing Model, Arbitrage Pricing Model and empirical evidence
  • Market efficiency > Forms of efficiency andempirical evidence
  • Security Returns > Empirical Evidence on security returns

This course aims at exploring the use of quantitative analysis as an approach to economic analysis. It will provide students with an understanding of how the economic relationships can be expressed in mathematical models by introducing the most important mathematical techniques used in the modern economics and how to solve them. The emphasis in this course will be on the interrelationship of mathematics and economics on the theoretical level with some applications. The topics covered will deal with advanced microeconomic issues.