Spring 2014 MBA Course

B8306-001: Capital Markets & Investments

MW - Full Term, 12:30PM to 02:00PM

Location: URI 332

Instructor: Kent Daniel

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This is a first course in Captial Markets and Investments. The course has three principal goals:
1. To introduce the principles of asset valuation from an applied perspective. The majority
of the class is concerned with the valuation of financial securities. The valuation issues to
be discussed are heavily used in portfolio management and risk management applications.
2. To introduce the following concepts:
(a) Arbitrage.
(b) The term structure of interest rates.
(c) Portfolio theory, risk-control and diversification.
(d) Equilibrium asset pricing models; the CAPM.
(e) Efficient and inefficient markets.
(f) Performance evaluation.
(g) Pricing and hedging basic derivative securities (futures and options.)
3. To provide sufficient background knowledge for students seeking an overview of capital
markets and an introduction to advanced finance courses.


Kent Daniel


Kent Daniel is currently a professor at the Graduate School of Business at Columbia University. From 1996 to 2006, Kent was at the at the Kellogg School of Management at Northwestern University, where he was the John and Helen Kellogg Distinguished Professor of Finance (on leave from 2004-2006). He also served on the faculty at the University of Chicago and the University of British Columbia. His...

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