Sumários

Decision Making Under Risk

4 Março 2026, 14:30 • Andrea Meireles

Utility theory: axioms of rationality, utility functions and expected utility theorem, properties of non satiation and risk attitudes (risk averse, risk neutral, and risk loving), certainty equivalent, measures of risk aversion (ARA and RRA), commonly used utility functions, constructing utility functions, and limitations. Behavioural finance: empirical experiments.

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

Problem set 1: Questions 4, 5, 6, 7, 9, and 10.

Efficient markets hypothesis (EMH), implications for investment management, background, competition as a source of efficiency, random walks, investment analysis (fundamental analysis vs. technical analysis), three forms of efficiency.

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.