The course will be offered in the classroom. Further information and downloads will be made available on Moodle.

Introduction: finance basics

The stochastic discount factor

Factor pricing models

Aggregate stock price behavior

Rationality and behavioral financentroduction: finance basics

• John Cochrane: Asset Pricing, 2005, revised edition, in particular: chapters 1 (not 1.5), 9 (only 9.1), 12 (only 12.3), 20, 21 (21.1). The 1st edition will do but check out the typo list for the 1st edition on Cochrane's homepage.
• Papers from the reading list, which you will find in the slides.