下学期essayquestions有效市场假说讲座即将到来与课程前一部分不同.pdfVIP

What will be be ng? • The ing lectures on Efficient Market Hypothesis are different from the previous part of the Course. • Previously we looked at theory and numerical problems like certainty equivalent, min variance porFolios, APT and CAPM etc. • Now the emphasis is on studying various ideas about the EMH. • Preparing for this requires a different approach. How to study this material? • Use the Study Guide and follow the guidelines there. • Start with: Read the Chapter on EMH in the text book. Make a photocopy and go through it. • Underl he important definiPons and the parts of the chapter that are assigned reading. • Make a summary of the material in bullet points. • This will help you study – understand and memorize the results and conclusions. How to study assigned arPcles? • Read the arPcles before you come to the Class. • That way you will understand what parts of the arPcles you need to emphasize. • Summarize the main points oSen arPcles. • There will be no quesPons on detailed econometrics used in these papers. • You need to understand the main results of the arPcle. • We will go through the arPcle on Size and that will help you to understand what is required. • Best Advice: Read the arPcle and make your own summaries to study before the exam. What to do next? • Read the Chapter from the text book on the Efficient Markets Hypothesis – only the parts indicated in the Study Guide. • Print out the arPcle on the SIZE effect – read it – underl he important parts and aSer the Lecture make a summary of the main points and results. • Similar for the arPcle on the Event Study Methodology understand the steps and how this method works as a test for semi-strong form efficiency. • Momentum (2 papers) and Value and Growth. 有效市场假说讲座即将到来的关