Asset Pricing Theory

Ph.D. Level Course - Paris Dauphine University-PSL (10 Sessions)

This advanced course provides a comprehensive understanding of the theoretical foundations for how financial assets are priced in equilibrium markets.

Course Topics

🚀 Topic 0: Introduction

Course overview, objectives, and fundamental concepts in asset pricing theory.

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📊 Topic 1: Fundamentals

Core principles and foundational theories of asset pricing.

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📈 Topic 2: Portfolio Choice

Binary trees, replication, and consumption-based asset pricing.

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📉 Topic 3: Dynamic Asset Pricing Models

Dynamic programming, HJB equations, and term structure models.

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👨‍🏫 Course Instructor

Juan F. Imbet

Paris Dauphine University-PSL

Email: juan.imbet@dauphine.psl.eu

Problem Sets

📝 Problem Set 1

SDF geometry, risk-neutral probabilities, and discrete-time pricing exercises.

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