Sumários
20 Fevereiro 2025, 14:30
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Andrea Sofia Meireles Rodrigues
Efficient markets hypothesis (EMH): background, competition as a source of efficiency, random walks, three forms of efficiency, implications for investment management, and testing.
19 Fevereiro 2025, 14:30
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Andrea Sofia Meireles Rodrigues
Utility theory: commonly used utility functions and their properties, constructing utility functions, and limitations.
Discussion and solution of exercises from problem set 1.
13 Fevereiro 2025, 14:30
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Andrea Sofia Meireles Rodrigues
Short sales. Regulation. Investment companies: services, NAV, and types. Mutual funds: types, fee structure, and returns.
Utility theory: utility function and expected utility theorem, properties (non satiation and risk attitudes), measures of risk aversion (ARA and RRA), and commonly used utility functions.
12 Fevereiro 2025, 14:30
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Andrea Sofia Meireles Rodrigues
FOREX market.
Issuance of securities. Primary market issues: public issues (IPOs, SEOs, public bond offerings, shelf registration) and private placements.
Market structures: direct search, brokered, dealer, and auction markets.
Types of orders: market and price-contingent orders (limit and stop).
Price formation.
Trading mechanisms and costs.
Buying on margin.
6 Fevereiro 2025, 14:30
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Andrea Sofia Meireles Rodrigues
Market participants, and financial intermediaries.
Market segments: money markets, interbank money markets, and benchmarks; capital markets and market indices; derivatives markets.
