Economics 802
Financial Economics
Slides
Bruce C. Dieffenbach
University at
Albany, State University of New York
Fall, 2013
Rate-of-Return and Present Value
Testing the Random-Walk Theory
Stochastic Differential Equation
Black-Scholes Call Option Pricing Formula
Risk Neutrality and the
Expectations Theory
Variance Bounds and the
Expectations Theory
Consumption-Based Capital-Asset Pricing Model
Optimum Saving
with Constant Relative Risk Aversion
Fundamental Theorem of Finance
Pricing Kernel and
Expectations Kernel
Cost/Mean/Variance
Efficient Portfolio Choice