The SAFE Visitors Program organizes and cordially invites you to attend the 9-hour PhD-level mini-course on
Asset Pricing
Howard Kung, Associate Professor of Finance, London Business School
Course outline
This is the second half of the PhD asset pricing course. First, assets are priced using the household’s intertemporal consumption decisions, while treating production as exogenous. Second, asset prices are linked to the intertemporal investment choices of firms, but taking the household’s marginal utility as exogenous. Third, the consumption-based and production-based approaches are connected in a general equilibrium setting whereby asset prices equate marginal rates of substitution and transformation. Fourth, we link asset prices to monetary policy using the new keynesian paradigm. The goal of this course is to provide a foundation for conducting frontier research at the intersection of macroeconomics and asset pricing.
26 June – 3 academic hours (45 min each): 14:00 – 17:00, room HoF 1.28
27 June – 3 academic hours (45 min each): 14:00 – 17:00, room HoF 1.28
29 June – 3 academic hours (45 min each): 11:00 – 14:00, room HoF 1.27
* The length of the breaks will be discussed with the lecturer
Please note that registration is required. The attendance is free of charge.
