2025/2026

Asset Pricing and Financial Markets 2

Type: Minor

Delivered by: International College of Economics and Finance

Open to: students of all HSE University campuses

Instructors: Marina Perminova

Language: English

Contact hours: 56

Course Syllabus

Abstract

This course is aimed at students who wish to understand how financial markets work and how securities are priced. The course allows to build an understanding of bond and stock valuation approaches based on discounted cash flow and no arbitrage approaches. The course proceeds with the analysis of risk-return trade-off, portfolio construction theory (MPT) and factor models (Capital Asset Pricing Model, Fama-French, APT). The course is based on lectures, seminars, teamwork and self-study.