Programmes

Financial Markets

  • Summer schools
  • Department of Finance
  • Application code SS-FM255
  • Starting 2018

This course is about the characteristics of financial markets and optimal investment strategies.

Its aim is to provide a thorough understanding of both the mechanics and the operations of financial markets, whilst paying particular attention to the trading and evaluation of securities in equity and bond markets.

During this intensive course, you will focus on asset pricing, active portfolio management and risk immunisation, portfolio performance evaluation, the predictability of returns, dynamic trading strategies and behavioural finance. Consideration will also be given to recent developments in both the theory and practice of cross-sectional asset pricing and the evaluation of risky securities.

Dates for 2018 to be confirmed


Session: Three
Dates: 31 July - 18 August 2017
Lecturer: Dr Christian Julliard


 

Programme details

Key facts

Level: 200 level. Read more information on levels in our FAQs

Fees:  Please see Fees and payments

Lectures: 36 hours 

Classes: 18 hours

Assessment*: One examination and one essay

Typical credit**: 3-4 credits (US) 7.5 ECTS points (EU)


*Assessment is optional

**You will need to check with your home institution

For more information on exams and credit, read Teaching and assessment

Prerequisites

Introductory Finance and elementary quantitative methods.

Programme structure

  • Time-Varying Expected Returns and Market Efficiency
  • Optimal portfolio selection (asset allocation and security selection)
  • Risk and return in Equilibrium: The CAPM
  • Empirical evidence on the capital asset pricing model
  • Performance of the C-CAPM, the equity premium and risk-free rate puzzles
  • Anomalies and trading strategies (size effect, value premium, momentum, reversal, Betting-Against-Beta)
  • Multi-factor models: APT and I-CAPM
  • Optimal investment strategy when privately informed
  • Active portfolio management, insurance, and immunisation
  • Organisation of financial markets and exchanges
  • Determinants of bid-ask spreads
  • Behavioural finance
  • Bond portfolio management and immunisation

Course outcomes

The course aims to provide a thorough understanding of both the mechanics and the operations of financial markets, whilst paying particular attention to the trading and evaluation of securities in equity and bond markets.

Teaching

The LSE’s Department of Finance has grown in recent years to become one of the largest and most highly-regarded finance groups in the UK and Europe. On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s finance faculty. 

Reading materials

Z. Bodie, A. Kane, and A. J. Marcus, Investments (10th edition), McGraw-Hill (2013).

This textbook is supplemented by selected chapters from finance and investments textbooks, and relevant articles published in the finance literature

*A more detailed reading list will be supplied prior to the start of the programme

**Course content, faculty and dates may be subject to change without prior notice

Applications open in November - Join our mailing list

Applications open in November - Join our mailing list

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Request detailed course outline

  • Please enter a valid email address. We will send you relevant material regarding the LSE Summer School programme.
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Related programmes

Summer Schools Advanced Corporate Finance (2018)

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Summer Schools Alternative Investments (2018)

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Summer Schools Analysis and Management of Financial Risk (2018)

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Summer Schools Finance (2018)

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Summer Schools Financial Markets (2018)

Short courses

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