KCL Asset Pricing & Mathematical Finance
Master, Tutorial, King's Business School, 2026
This course is an introduction to the fundamentals of asset pricing theory. The course covers Arbitrage Theory in a static and in a discrete-time dynamic setting (hedging/portfolio replication, state prices, in complete and incomplete markets), Risk-neutral valuation, the Consumption-based Asset Pricing Model and Equilibrium Pricing (stochastic discount factor, Edgeworth box, Lagrangian), and Continuous-time Math/Finance (Brownian motion, Ito’s lemma, stochastic differential equations).
