



The course provides the fundamentals of modern asset pricing theory and is designed for students interested in investment decision making, portfolio theory, and risk management. Topics covered include portfolio and diversification theory, equilibrium capital markets, and portfolio performance measures.
There are no formal prerequisites for the course. However, knowledge up to the level of Statistics (JEB105), Econometrics I & II (JEB109, JEB110), and Data Science with R I (JEM227) is assumed and expected. Last update: Čech František, PhDr., Ph.D. (05.02.2024)



The final mark of up to 100 points consists of:
Grading scale (p = total points):
Last update: Čech František, PhDr., Ph.D. (05.02.2024)



The course closely follows two textbooks:
Other recommended textbooks:
Last update: Čech František, PhDr., Ph.D. (05.02.2024)



SYLLABUS INTRODUCTION
PORTFOLIO THEORY AND PRACTICE
EQUILIBRIUM CAPITAL MARKETS
APPLIED PORTFOLIO MANAGEMENT
VALUEATRISK
HOMEWORK 1  data collection
EMPIRICAL ASSET PRICING  Preliminaries
HOMEWORK 2  Empirical Asset Pricing I
EMPIRICAL ASSET PRICING  The CrossSection of Stock Returns
HOMEWORK 3  Empirical Asset Pricing II
Note: The instructor reserves the right to modify the content of the course and will notify students accordingly (in class and in Student Information System).
Last update: Čech František, PhDr., Ph.D. (05.02.2024)
