Course Name: Financial Theory
Teachers: George Skiadopoulos
School: Finance and Statistics
Department: Banking and Financial Management
Course ID: ΧΡΘΕΡ01 Semester: 6th
Course Type: Core Course
Teaching and Exams Language: Greek
Course Availability to Erasmus Students: No
Course webpage: –
Specific Teaching Activities
|Weekly Teaching Hours||Credit Units|
Expected Utility, Stochastic Dominance, Portfolio Choice, Markowitz Theory, Capital Asset Pricing Model, Arbitrage Pricing Theory, Complete Markets, CCAPM
Students will become familiar with the foundations of Financial Theory. This is a compulsory course that covers topics such as expected utility theory, portfolio choice under uncertainty, Markowitz theory, the foundations and use of the Capital Asset Pricing Model, Arbitrage Pricing Theory, complete markets and Consumption CAPM (the last section is subject to time constraints.)
Teaching and Learning Methods - Evaluation
Lecture: Ιn Class
Use of Information and Communication Technologies: Use of PowerPoint
2 hour final exam. Exam is in Greek. The exam consists of 4 essay questions with sub-questions. The number of graded points which correspond to each question are shown next to each question
- Danthine and J. Donaldson, 2005, Intermediate Financial Theory, 2nd Edition, Elsevier.
- Copeland, J. Weston, and Κ. Shastri, 2005, Financial Theory and Corporate Policy, Addison-Wesley Publishing Company.
- Pennacchi, 2008, Theory of Asset Pricing, Pearson Education.
- Černý, 2004, Mathematical Techniques in Finance: Tools for Incomplete Markets, Princeton University Press
- E.J. Elton, M.J. Gruber, S.J. Brown, W.N. Goetzmann, 2003, Modern Portfolio Theory and Investment Analysis, John Wiley and Sons, 6th Edition.
- Fama, 1976, Foundations of Finance: Portfolio Decisions and Securities Prices, Basic Books, Inc, Publishers