ec2723_syllabus_102011哈佛大学博士资产定价课件（Harvard University PhD Asset Pricing Lecture Notes）.pdf

HARVARD UNIVERSITY: DEPARTMENT OF ECONOMICS Economics 2723: Asset Pricing Syllabus 10/20/11 Fall 2011 Prof. John Y. Campbell Tu Th 2.30-4.00pm, Sever 110 Littauer 213, 496-6448 Office hours Th 4.00-5.30pm john_campbell@ ____________________________________________________________________________________ This course is an introduction to asset pricing. It begins with a review of the theory of choice under uncertainty, then develops classical asset pricing theory in discrete time. It also discusses empirical puzzles and recent theories that have been developed to try to solve them. In the past, Ec2723 has been taught as the first part of a two-course sequence. This year no second part will be offered, but three courses offered this spring do follow naturally from this one: Ec2410c, Advanced Topics in Macroeconomics, taught by Alp Simsek; Ec2725, Corporate Finance, taught by Effi Benmelech and David Scharfstein; and Ec2727, Empirical Methods in Corporate Finance, taught by Paul Gompers, Robin Greenwood, and Joshua Lerner. This course will emphasize topics that are prerequisites for the spring finance courses, rather than topics that are covered in those courses. Requirements for credit in Ec2723 include three assignments and a final exam. Two of the assignments will contain computational exercises. One assignment will include a “referee report” to be written on an unpublished asset pricing paper. Ec2723 is intended for PhD students in economics, and I will assume knowledge of first-year PhD microeconomics, macroeconomics, and econometrics. Undergraduates interested in this field should take the undergraduate course Ec1723, Capital Markets, taugh