Innholdsfortegnelse

Emnet er tilknyttet følgende studieprogram

Undervisningsspråk

English.

Anbefalte forkunnskaper

Bachelor level courses in Mathematics, Statistics, Investment and Finance
SE-412 Quantitative Financial Economics or equivalent.

Læringsutbytte

Upon successful completion of this course students should have a solid understanding of the theoretical foundations of contemporary financial theory, in particular:
  • tradeoff between risk and reward
  • optimal capital allocation between the risky and risk-free assets
  • mathematics of mean-variance portfolio theory and construction of efficient portfolios
  • capital market equilibrium and the capital asset pricing model
  • arbitrage pricing theory and multifactor models
  • portfolio performance measurement
  • absence of arbitrage condition in pricing of derivative securities
  • continuous-time Black-Scholes model for option pricing
  • valuation of different types of options using binomial trees

Innhold

The aim of the course is to provide a detailed treatment of the main theoretical foundations of the modern financial theory. The course presents in-depth coverage of the mean-variance portfolio theory, capital asset pricing model (CAPM), arbitrage pricing theory (APT), and Black-Scholes option pricing theory. A particular emphasis is placed on the derivation of the theoretical asset pricing models and a rigorous mathematical argumentation.

Undervisnings- og læringsformer

The course consists of lectures and group-work sessions. Estimated workload is about 200 hours.

Vilkår for å gå opp til eksamen

Approved mandatory assignments. More information will be given in Canvas at the start of the semester.

Eksamen

4-hour written examination with letter grades.

Studentevaluering

The study programme manager, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.

Tilgang for privatister

No

Reduksjon i studiepoeng

Innholdet i dette emnet dekkes helt eller delvis av annet emne. Tas ett av disse emnene i tillegg, reduseres studiepoengene som følger:

Emne Studiepoengreduksjon
BE-411 – Derivatives and Risk Management . 2.5
BE-415 – Investments. 2.5
BE-511 – Derivatives. 2.5
BE-421 – Investments. 2.5
Sist hentet fra FS (Felles studentsystem) 15. okt. 2026 11:28:07