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The long code for this module is: EC371-6-AU, where 6 means "final year undergraduate" and AU means "Autumn", although revision sessions and the final exam take place in the summer term, next year.
Here is a link to the standard view of the CMR.
Term paper titles - 2011–12
Also here are some
notes on term paper preparation.
Here are some more
term paper hints
Formative assessment:
this will be a multiple choice test similar to previous years.
Here are two previous multiple choice test question
papers:
November 2009 and
November 2010
together with answers:
2009-answers and
2010-answers.
Here is the format of the multiple choice answer sheet
Multiple choice test question paper for 22
November 2011
with answers.
Lecture presentations and exercises
Websites (sites that may be of interest for EC371)
Link to the Department of Economics website
Links to past
exam question papers.
Note: the format of the final exam changed in 2008.
Here is a "mock" final exam with
the new instructions.
(Answer guidelines.)
Module supervisor: Roy Bailey, email:rbailey@essex.ac.uk If you spot any broken links, please send me an email with the details.
Lecture Presentations and Exercises 2011 – 12
Outline of topics:
The notes & lecture presentations may be updated during the term.
| University week 02 10 – 14 October 2011 Asset Markets and Asset Prices. Introductory presentation (notes style) Topic 01: presentation style, or notes style. Basic ideas of probability and expectation (background note). Short sales – an introduction and commentary (background note) A brief overview of the financial crisis, 2007 and beyond with a more detailed version. Results of the beauty contest held on 11th October 2011. Graphs of asset prices and indexes discussed at various points in EC371 Exercises: topic 01. |
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University week 03 17 – 21 October 2011 Predictability of Prices and Asset Market Efficiency. Topic 02: presentation style, or notes style. Summary of how to assess asset market efficiency Here is figure 3.1 from the Economics of Financial Markets Graph of daily rate of return on Intel Corp. Ordinary Shares. Exercises: topic 02. |
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University week 04 24 – 28 October 2011 Decision Making Under Uncertainty Topic 03:
presentation style, or
notes style.
Frequency distribution of rate of return on Intel shares, showing evidence of non-normality Exercises: topic 03. |
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University week 05 31 October – 04 November 2011 Portfolio Selection: The Mean-Variance Model Topic 04: presentation style, or notes style. An extra note on Mean-variance Portfolios with a single risky asset. Exercises: topic 04. |
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University week 06 07 – 11 November 2011 The Capital Asset Pricing Model, CAPM Topic 05: presentation style, or notes style (very brief summary). Exercises: topic 05. |
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University week 07 14 – 18 November 2011 Arbitrage, Factor Models and the APT Topic 06:
presentation style, or
notes style.
Exercises: topic 06. |
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University week 08 21 – 25 November 2011 Empirical Appraisal of CAPM and APT Topic 07: presentation style, or notes style. Exercises: topic 07. |
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University week 09 28 November – 02 December 2011 Net Present Values and Intertemporal Choice Topic 08: presentation style, or notes style. Exercises: topic 08. |
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University week 10 05 – 09 December 2011 Financial bubbles Topic 09: presentation style, or notes style.
Graph of South Sea Share prices in the South Sea Bubble, 1720.
Exercises:
topic 09.
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University week 11 12 – 16 December 2011 Asset Market Microstructure Topic 10: presentation style, or notes style. Exercises: topic 10. |
Here are
guidelines and answers
to all the exercises.
But you should not look at these until you have tried to answer
the exercises yourself.
Here are some (among the many) interesting websites on financial markets:
Department of Economics: main course materials listing
Last updated 25 November 2011