Efficient Markets Hypothesis

26 Fevereiro 2026, 14:30 • Andrea Meireles

Efficient markets hypothesis (EMH): three forms of efficiency (strong, semi-strong, and weak), implications for investment management (active vs. passive), and testing.

Efficient Markets Hypothesis

25 Fevereiro 2026, 14:30 • Andrea Meireles

1. Financial Markets

12 Fevereiro 2026, 14:30 • Andrea Meireles

Trading mechanisms. Trading costs. Buying on margin. Short sales. Regulation. Investment companies: services, NAV, and types. Mutual funds: types, fee structure, and returns. Problem set 1 (questions 1, 2, and 3).

1. Financial Markets

11 Fevereiro 2026, 14:30 • Andrea Meireles

Derivatives market: forward contracts, futures contracts, and options. FOREX market: spot market vs. forward market, exchange rates (bid, ask, and spread), inverse exchange rates, exchange rate risk. Issuance of financial securities. Primary market issues: public issues (IPO, SEO/FPO, public bond offering, shelf registration) and private placements. IPO process. Market structures: direct search, brokered, dealer, and auction markets. Types of orders: market and price-contingent orders (limit and stop). Price formation. 

1. Financial Markets (Online)

5 Fevereiro 2026, 14:30 • Andrea Meireles

Financial market segments. Money markets: instruments, interbank money market (IMM), benchmarks. Capital markets: main functions, primary market vs. secondary market, bond vs. stocks, bond market instruments, stock market instruments, and market indices (price-weighted vs. value-weighted). Derivatives market: derivatives, underliers, uses, exchange-traded derivatives vs. OTC derivatives, forward contracts, futures contracts, and options.