Course Detail

Investments (35000)

Course Description by Faculty

  • Bastianello, Francesca
  • Content
    This course offers the financial theory and quantitative analytical tools necessary for understanding how stock, bond, and option prices are determined, and provides the skills required to make sound investment decisions. The course combines a theoretical framework with applied analysis. Topics covered include: portfolio selection based on mean-variance analysis, models of risk and return (including the CAPM and multifactor models), performance evaluation of mutual funds and hedge funds, market efficiency and the random walk hypothesis, asset pricing anomalies and behavioral finance, derivative security pricing (including options, futures, forwards, and swaps), and the term structure of interest rates.
  • Prerequisites
    Business 30000 and 33001 are recommended. Either 41000 or 41100 is required: strict. This is a quantitative course, meaning that students must be comfortable with statistics, linear algebra, calculus, and microeconomics at the level of the above courses. In addition, students must be familiar with a spreadsheet package such as Excel. Cannot enroll in BUSN 35000 if BUSN 20400 taken previously.
    Restrictions
    • Strict Prerequisite

  • Materials
    The main text used for the course is Bodie, Kane, and Marcus, Investments. The course Canvas site will contain supplemental readings, cases, and articles.
  • Grades
    Based on 5-6 homework assignments, a case write-up and discussion, a mid-term, and a final. Class participation will also play a role.
    Restrictions
    • No auditors

    • No pass/fail grades

  • Syllabus
  • Winter 2023Section: 35000-02TH 8:30AM-11:30AMHarper CenterC25In-Person Only
  • Winter 2023Section: 35000-81TH 6:00PM-9:00PMGleacher Center304In-Person Only
Description and/or course criteria last updated: November 1 2022 
  • Bhattacharya, Ayan
  • Content
    This course offers the financial theory and quantitative analytical tools necessary for understanding how stock, bond, and option prices are determined, and provides the skills required to make sound investment decisions. The course combines a theoretical framework with applied analysis. Topics covered include: portfolio selection based on mean-variance analysis, models of risk and return (including the CAPM and multifactor models), performance evaluation of mutual funds and hedge funds, market efficiency and the random walk hypothesis, asset pricing anomalies and behavioral finance, derivative security pricing (including options, futures, forwards, and swaps), and the term structure of interest rates. Time permitting, we shall also cover some basics of decentralized and blockchain-based asset pricing.
  • Prerequisites
    Recommended: Business 30000, 33001, and 41000 (or 41100). Students must be comfortable with statistics, linear and matrix algebra, calculus, and microeconomics at the level of the above courses. Familiarity with a spreadsheet package such as Excel is important. Note that you might not want to take BUSN 35000 if you have already taken BUSN 20400 since the coverage is similar.
  • Materials

    The main text used for the course is Bodie, Kane, and Marcus, Investments.

    The course Canvas site will contain supplemental readings, cases, and articles.

  • Grades
    Based on homework assignments, case discussion participation, a mid-term, and a final. Provisional grades for non-Booth students provided, but no early final grades except under special circumstances. No auditors.
    Grades
    • Allow Provisional Grades (For joint degree and non-Booth students only)

    • Early Final Grades (For joint degree and non-Booth students only)

    Restrictions
    • No auditors

  • Syllabus
  • Autumn 2022Section: 35000-01TH 1:30PM-4:30PMHarper CenterC05In-Person Only
  • Autumn 2022Section: 35000-81M 6:00PM-9:00PMGleacher Center206In-Person Only
  • Autumn 2022Section: 35000-85S 9:00AM-12:00PMGleacher Center206In-Person Only
Description and/or course criteria last updated: August 1 2022 
  • Gormsen, Niels
  • Content
    This course offers the financial theory and quantitative analytical tools necessary for understanding how stock, bond, and option prices are determined, and provides the skills required to make sound investment decisions. The course combines a theoretical framework with applied analysis. Topics covered include: portfolio selection based on mean-variance analysis, models of risk and return (including the CAPM and multifactor models), performance evaluation of mutual and hedge funds, market efficiency and the random walk hypothesis, asset pricing anomalies and behavioral finance, derivative security pricing (including options, futures, forwards, and swaps), and the term structure of interest rates.
    Format
    • Lectures

    • Discussion

    • Case Studies

    • Group Projects

  • Prerequisites
    Business 30000 and 33001 are recommended. Either 41000 or 41100 is required: strict. This is a quantitative course, meaning that students must be comfortable with statistics, linear algebra, calculus, and microeconomics at the level of the above courses. In addition, students must be familiar with a spreadsheet package such as Excel. Cannot enroll in BUSN 35000 if BUSN 20400 taken previously.
    Restrictions
    • Strict Prerequisite

  • Materials
    The main text used for the course is Bodie, Kane, and Marcus, Investments. Supplemental readings, cases, and articles will be posted on Canvas.
    Resources
    • Canvas Site Available

  • Grades
    Grades are based on homework assignments, a case write-up, a midterm exam, a final exam, and class participation. No pass/fail grades. No auditors.
    Grades
    • Graded homework assignments

    • Graded attendance/participation

    Assessment & Testing
    • Midterm

    • Final exam (in class)

    Restrictions
    • No auditors

    • No pass/fail grades

  • Syllabus
  • Winter 2023Section: 35000-01F 1:30PM-4:30PMHarper CenterC07In-Person Only
  • Winter 2023Section: 35000-85S 1:30PM-4:30PMGleacher Center400In-Person Only
Description and/or course criteria last updated: June 8 2022 
  • Heaton, John
  • Content
    This course is an introduction to security valuation and portfolio design. We discuss the theory and application of the major valuation techniques used in financial analysis. We examine how portfolios of assets should be formed, how to hedge risks, and how to evaluate funds. The first part of the course focuses on common stocks. In the second part of the course, fixed income securities, futures contracts, and option contracts are discussed.
  • Prerequisites
    Business 33001 (or 33002), and 41000 or 41100 (or approved substitutes): strict. This is a highly quantitative course. You must be comfortable with basic probability, statistics, calculus, and microeconomics at the level of the above courses. You will have to use a spreadsheet or other statistics computer program. Cannot enroll in BUSN 35000 if BUSN 20400 taken previously.
    Restrictions
    • Strict Prerequisite

  • Syllabus
  • Winter 2023Section: 35000-03T 8:30AM-11:30AMHarper CenterC07In-Person Only
Description and/or course criteria last updated: November 7 2022 
  • Staff
  • Content
    This course offers the financial theory and quantitative analytical tools necessary for understanding how stock, bond, and option prices are determined, and provides the skills required to make sound investment decisions. The course combines a theoretical framework with applied analysis. Topics covered include: portfolio selection based on mean-variance analysis, models of risk and return (including the CAPM and multifactor models), performance evaluation of mutual and hedge funds, market efficiency and the random walk hypothesis, asset pricing anomalies and behavioral finance, derivative security pricing (including options, futures, forwards, and swaps), and the term structure of interest rates.
  • Prerequisites
    Bus 30000, 33001, & 41000 (or 41100). Comfortable w/ stats, linear & matrix algebra, calc, & micro @ the level of above courses. Familiarity w/ spreadsheet package such as Excel is vital. Cannot enroll in BUSN 35000 if BUSN 20400 taken previously.
  • No Syllabus Available
  • Summer 2023Section: 35000-81Meeting Day/Time: TBDLocation: TBD
  • Summer 2023Section: 35000-85Meeting Day/Time: TBDLocation: TBD
Description and/or course criteria last updated: June 8 2022 
  • Weber, Michael
  • Content
    This course offers the financial theory and quantitative analytical tools necessary for understanding how stock, bond, and option prices are determined, and provides the skills required to make sound investment decisions. The course combines a theoretical framework with applied analysis. Topics covered include: portfolio selection based on mean-variance analysis, models of risk and return (including the CAPM and multifactor models), performance evaluation of mutual funds and hedge funds, market efficiency and the random walk hypothesis, asset pricing anomalies and behavioral finance, derivative security pricing (including options, futures, forwards, and swaps), and the term structure of interest rates.
    Format
    • Lectures

    • Discussion

    • Case Studies

    • Group Projects

  • Prerequisites
    No strict requirements but familiarity with the material covered in Business 30000, 33001, and 41000 (or 41100) is expected. Students must be comfortable with statistics, linear and matrix algebra, calculus, and microeconomics at the level of the above courses. Familiarity with a spreadsheet package such as Excel is vital. Cannot enroll in BUSN 35000 if BUSN 20400 taken previously.
  • Materials
    The main text used for the course is Bodie, Kane, and Marcus, Investments. The course Canvas site will contain supplemental readings, cases, and articles.
    Resources
    • Canvas Site Available

  • Grades
    Based on 5-6 homework assignments, a case write-up and discussion, a mid-term, and a final. Class participation will also play a role. No pass/fail grades. No auditors. For joint degree students, college students and other non-Booth students, can provide provisional grades but no early final grades.
    Grades
    • Graded homework assignments

    • Graded attendance/participation

    Assessment & Testing
    • Midterm

    • Final exam (in class)

    Restrictions
    • No auditors

    • No pass/fail grades

  • Syllabus
  • Spring 2023Section: 35000-01W 8:30AM-11:30AMHarper CenterC08In-Person Only
  • Spring 2023Section: 35000-02W 1:30PM-4:30PMHarper CenterC08In-Person Only
  • Spring 2023Section: 35000-81W 6:00PM-9:00PMLocation: TBDRemote-Only
Description and/or course criteria last updated: June 17 2022