This is the introductory finance theory course in the PhD program of Columbia Business School. The course is devoted to the theory of asset pricing and portfolio management. The course assumes that students have no prior knowledge in the theory of finance. We will start with "classical" results for single period models and move towards dynamic models in continuous-time. The goal of the course is to provide students with an understanding and methodology to successfully master more advanced PhD courses.
The mathematical sophistication is kept to a minimum. The introductory nature of the course makes us focus on the intuition of results.
S. Sloan Colt Professor of Banking and International Finance
Lawrence R. Glosten is the S. Sloan Colt Professor of Banking and International Finance at Columbia Business School. He is also co-director (with Merritt Fox and Ed Greene) of the Program in the Law and Economics of Capital Markets at Columbia Law School and Columbia Business School and is an adjunct faculty member at the Law School. He has been at Columbia since 1989, before...