Topics: 1) Short revision of the basics of asset allocation and asset pricing 2) Asset prices and allocations in the presence of - Limited participation - Short-sale constraints - Liquidity risk - Heterogeneous beliefs - Heterogeneous risk aversion - Recursive preferences - Prospect theory...

The subject of this year’s summer school is Asymmetric Information and Learning in Financial Markets: Theory and Time Series Econometrics.

Aim of the course is introducing students to the origins and developments of social policy, to principles and practices of benefit systems and social services, to European social policy, methods of comparative research, and to available quantitative and qualitative data sets.