Fall 2013 MBA Course

B8306-003: Capital Markets & Investments

MW - A Term, 04:00PM to 07:15PM

Location: URI 142

Instructor: Andrew Ang

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NOTE: This course is required for enrollment in most upper-level finance courses (8300 and 9300) and must be taken prior to or concurrently with any upper-level finance course. It is not required for upper-level economics courses (8200 and 9200).

This is an A-term course

Capital Markets and Investments builds on knowledge from Corporate Finance, Managerial Statistics, and Decision Models course to understand asset valuation and investment decisions. Capital markets uses and builds upon the basic valuation tools developed in Corporate Finance such as arbitrage valuation, time value of money, understanding risk-return tradeoffs, the CAPM, and asset valuation. In analyzing various markets and assets, Capital Markets uses a large amount of material from Statistics, including the following: statistical modeling, random variables and distributions, parameter estimators, hypothesis testing, and regression. Optimization methods and stochastic modeling tools from Decision Models are also widely used, especially in portfolio construction and risk control. There are also some connections, though to a lesser degree, with Global Economic Environment especially in the Fixed Income Unit in discussing bond markets and the role of central banks and monetary policy.


Andrew Ang

Academic Advisory Board MemberProfessor Ang specializes in empirical asset pricing and applications of econometrics to financial problems. He has developed macro-models of fixed income, valuation models with time-varying expected returns, models of downside risk and other non-linearities in asset returns, and models of dynamic asset allocation. He is a Research Associate of the National Bureau of Research and is the recipient of several grants, including grants from the...

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