Investments is a free online graduate course that helps develop investment decision-making skills with financial theory and empirical evidence. A few of the topics covered are portfolio theory, equilibrium models like APT and CAPM, security price behavior, market efficiency, evaluating performance and behavioral finance. Investments is provided by Sloan School of Management at MIT, available here and licensed under Creative Commons License 3.0. Full citation at bottom of page.
- Course Introduction: Course overview and goals.
- Lecture Notes: Course notes for all lectures.
- Class 1: Introduction
- Class 2: Securities, Random Walk on Wall Street
- Class 3: Portfolio Theory Part 1: Setting up the Problem
- Class 4: Portfolio Theory Part 2: Extensions
- Class 5: Portfolio Theory Part 3: Optimal Risky Portfolio
- Class 6: The CAPM and APT Part 1: Theory
- Class 7: Applications and Tests
- Class 8 & 9: The Equity Market: Cross Sectional Variation in Stock Returns
- Class 10: Equity Options Part 1: Pricing
- Class 11 & 12: Equity Options Part 2: Empirical Evidence
- Class 13: The Fixed Income Market Part 1: Introduction
- Class 14: The Fixed Income Market Part 2: Time Varying Interest Rates and Yield Curves
- Class 15: Forwards, Futures & Swaps
- Class 16: Risk Management
- Class 17: The Credit Market Part 1: Modeling Default Risk
- Class 18: The Credit Market Part 2: Credit Derivatives
- Class 19: Security Analysis
- Class 20: Active Portfolio Management
- Class 21: Hedge Funds
- Class 22: Market Efficiency
- Class 23: Commodities
- Assignments: Course assignments with their corresponding solutions. Apply your knowledge and take advantage of these assignments.
- Assignment 1: Securities, Markets & Capital Market Theory
- Assignment 1: Solutions
- Assignment 2: Security Analysis
- Assignment 3: Futures
- Assignment 3: Solutions
- Assignment 4: Option Simulation
- Assignment 5: Securities, Markets & Capital Market Theory
- Assignment 5: Solutions
- Tests: Assess your grasp of the course material.
- Class 6 Test: The CAPM and APT Part 1: Theory
- Class 6 Solution
- Class 7 Test: CAPM Applications and Tests
- Class 7 Solution
- Class 8 Test: Single-Index and Multifactor Models
- Class 8 Solution
- Class 9 Test: Arbitrage Pricing Theory
- Class 9 Solution
- Class 10 Test: Equity Options Part 1: Pricing
- Class 10 Solution
- Class 11 Test: Equity Options Part 2: Empirical Evidence
- Class 11 Solution
- Class 13 Test: The Fixed Income Market Part 1: Introduction
- Class 13 Solution
- Mid-Term Exam & Solution
- Final Exam & Solution
- Readings: Selection of readings that are part of the course, but not provided here. These readings are highly encouraged if they are available to you.
Full Course Citation
Reto Gallati, 15.433 Investments, Spring 2003. (Massachusetts Institute of Technology: MIT OpenCouseWare), http://ocw.mit.edu (Accessed April 2010). License: Creative Commons BY-NC-SA
