Asset Pricing and Financial Markets DSBA 2026/2027
Course Syllabus
DSBA Asset Pricing and Financial Markets 2026/2027 Syllabus
Teachers and Assistants
| Lecturer | Seminarist | Teaching Assistant |
|---|---|---|
| Runjie (Roger) Geng | Trusov Denis | Nesteruk Ekaterina |
Useful Links
Course Description
This course is aimed at students who wish to understand how financial markets work and how securities are priced. Using present value techniques, it gives a theoretical treatment of bond and stock valuation including portfolio theory and a development of the Capital Asset Pricing Model. The concept of financial market efficiency is introduced, and evidence for efficiency evaluated. Finally, there is a presentation of derivative pricing using absence of arbitrage arguments. The course is based on lectures, seminars, team work and self-study. “Asset pricing and Financial markets” is a two-semester course.
Grading System
Assessment Elements
- Semester 1 HA
- Semester 2 HA
- Autumn Midterm
- Winter Midterm
- Final Exam
Interim Assessment
- 2026/2027 2nd module
| 0.61 * Winter Exam + 0.29 * Autumn Midterm + 0.1 * Semester 1 HA |
- 2026/2027 3rd module
| Final grade = 0.05*Semester 1 HA + 0.05*Semester 2 HA + 0.15*Autumn Midterm + 0.2*Winter Exam + 0.55*Final Exam |
The Final Exam at the end of the third module is a blocking exam (minimum score: 15/100).
Bibliography
Recommended Core Bibliography
Corporate finance, Berk, J., 2014
Recommended Additional Bibliography
Principles of corporate finance, Brealey, R. A., 2017