| Module Evaluations Feedback 2023-24 |
 Feedback on Module Evaluations |
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| Assessment |
Guidance for MTH6113 exam |
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| Exam papers |
Specimen Paper Week 9 |
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Specimen Paper Week 9 - Solutions |
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Specimen Paper Week 11 |
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Specimen Paper Week 11 - Solutions |
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Specimen Paper Week 12 |
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Specimen Paper Week 12 Solutions |
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| Online Reading List |
Typed Lecture Notes |
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Brief Lecture Summary |
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| Week 1: Introduction to Asset Management, Review of Statistics and Utility Theory |
Introduction |
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Practice Set 1 |
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Topic 1 - Utility Theory |
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Practice Set 1 - Solutions |
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Practice Set 2 - more questions added |
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| Week 2: Expected Utility Theory and Risk Aversion |
Topic 2: Utility Theory Examples , Expected Utility, Risk Aversion |
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Week 1 Feedback |
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Practice 2 Solutions |
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Week 1 Feedback (Friday) |
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How to calculate the determinant of a 3x3 matrix |
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Linearity of Expectation |
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| Week 3: Stochastic Dominance |
Lecture notes |
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Some terminology for trading |
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 Restrictions on short-selling (SEC) |
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Practice Set 3 |
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Week 2 Feedback (Tuesday) |
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Example for First order Stochastic Dominance |
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Practice Set 3 Solutions |
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More questions on stochastic dominance |
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| Week 4: Measures of Risk |
Lecture Notes: Measures of Risks |
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Practice Set 4 |
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Week 3 Feedback |
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 Practice Set Excel Question |
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Practice Set 4 Solutions |
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Feedback - Friday |
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Extra question on VaR and Expected Shortfall |
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| Week 5: Mean-Variance portfolio theory |
Lecture notes: Mean Variance portfolio theory |
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Mean-Variance frontier of a portfolio of two stocks |
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Mean-Variance frontier for a portfolio of two perfectly correlated assets |
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Week 4 Feedback |
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Practice Set MVPT |
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Practice Set Solutions |
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Excel - MV frontier two stocks |
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| Week 6: CAPM |
Lecture notes: CAPM |
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Practice Set CAPM |
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Feedback Week 5 |
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Practice MVPT - class notes |
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Practice Set CAPM Solutions |
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| Assessment 1 - deadline March 15, at 5PM |
Assessment 1 Instructions |
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Assessment 1 suggested excel file |
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Assessment 1 Feedback on marks |
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| Week 7: Friday - in class revision/office hours |
 Simulated Trading Introduction |
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Trading Strategies |
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| Week 8: Factor Models and APT |
Lecture Slides |
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Tangency Portfolio Example |
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Practice Set - Factor Models and APT |
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Suggested Steps for Ex. 8 |
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More on Tangency Portfolio (to be read with the above example) |
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| Week 9: Efficient Market Hypothesis |
Lecture Slides: EMH |
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Specimen Exam Paper 1 |
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Specimen Paper Solutions |
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| Week 10: Stochastic Models of Asset Pricing |
Lecture Slides |
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Lognormal model vs empirical data HSBC |
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| Assessment 2, deadline April 12th at 5PM |
Assessment 2 - Instructions |
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Assessment 2 Suggested Solutions |
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| Week 11: Behavioral Finance |
Lecture Slides |
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Forbes: 3 Ways The Late Daniel Kahneman Has Improved Your Life (Whether You Know It Or Not) |
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Abhijit Banerjee: A Simple Model of Herd Behavior (1992) |
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Dasgupta, Prat, Verardo: The Price Impact of Institutional Herding (2011) |
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Morris: Political Correctness (2001) |
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Nica: Reputation formation and reinforcement of biases in a post-truth world (2023) |
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 Practice Set |
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Specimen Paper 2 |
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| Week 12: Revision |
Revision Notes |
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Specimen Paper 3 |
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