## Massachusetts Institute of Technology

## 14.45: Financial Economics

## Spring 2006

##

This course is a self contained introduction to the theory
of investment decisions under uncertainty. Topics include interest rates, net present
value, fixed income securities, the term structure of
interest rates, portfolio separation theorems,
CAPM, factor models, risk neutral pricing,
valuation of options and intertemporal
consumption and investment models. We will discuss both theoretical
results and empirical tests of theoretical
concepts.

**Lecture****: MW 10:30-12 E51-390 Recitation:
F 11-12 E51-390**

**Profess****or**** ****Vict****or**** Chernozhukov**** TA:
Arturo Ramírez Verdugo**

vchern@mit.edu ramirezv@mit.edu

**Office Hours:** **Walk-in ****or**** by appointment E52-371B** **Office Hours: Th 6-7 E52-262A**

#### The web page for this course is now at Stellar:

You need MIT certificates to access some of the material.

####

####