ECON624 FINANCIAL ECONOMICS I
| Course Code: | 3110624 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 8.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | PhD |
| Course Coordinator: | Assoc.Prof.Dr. ESMA GAYGISIZ LAJUNEN |
| Offered Semester: | Fall or Spring Semesters. |
Course Objectives
Course Content
The focus of this course is on asset pricing. The topics to be discussed are: choice under uncertainty, expected utility theory, mean-variance portfolio theory using both static and dynamic approach, the theory of capital market equilibrium and asset valuation, the capital asset pricing model, the Arbitrage Pricing Theory, mutual fund separation and aggregation theorems, risk neutral valuation in complete markets, incomplete asset markets, differential information, risk measure, general equilibrium under uncertainty and asymmetric information.
Course Learning Outcomes
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | Advanced level of knowledge on the theory of economics and economic indicators, competency in modelling, analysis and application of economic theories using advanced mathematical and econometric techniques; | ✔ | |||
| 2 | Competency in asking the right research questions; | ✔ | |||
| 3 | Develop an innovative knowledge, method, design and/or practice or adapt an already known knowledge, method, design and/or practice to another field; research, conceive, design, adapt and implement an original subject; | ✔ | |||
| 4 | Follow the recent developments in application methods and techniques, be competent in informatics and communication technologies, perform economic analysis through softwares used in economics, or be able to write a programming code for specific problems; | ✔ | |||
| 5 | Ability in thouroughly explaining the impact of economic policies on individuals, markets and countries with the help of the theoretical background achieved during program of study; | ✔ | |||
| 6 | Follow the literature in the field, and renew and update the knowledge and skills gained during the program of study; | ✔ | |||
| 7 | Conceive the interdisciplinary interaction which the field is related with; come up with original solutions by using knowledge requiring proficiency on analysis, synthesis and assessment of new and complex ideas; efficient use of time; demonstrate leadership in contexts requiring innovative and interdisciplinary problem solving; | ✔ | |||
| 8 | Contribute to the progression in the field by producing an innovative idea, skill, and/or practice or by adapting an already known idea, skill, and/or practice to a different field independently; | ✔ | |||
| 9 | Broaden the borders of the knowledge in the field by producing or interpreting an original work or publishing at least one scientific paper in the field in national and/or international refereed journals; | ✔ | |||
| 10 | Ability to communicate and discuss orally, in written and visually with peers by using a foreign language; | ✔ | |||
| 11 | Contribute to the transition of the community to an information society and its sustainability process by introducing scientific, technological, social or cultural improvements; | ✔ | |||
| 12 | Be concious of academic and vocational ethics; | ✔ | |||
| 13 | Ability and competence to work and conduct research with national and international research groups and partnerships; | ✔ | |||
| 14 | Defend original views when exchanging ideas in the field with professionals and communicate effectively by showing competence in the field. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution