Course Description
The focus of this module is on understanding key concepts related to capital markets. In the first half of the class we will cover basic portfolio theory and look at the implications of this theory for security pricing (CAPM), mutual fund performance evaluation and asset allocation. In the second half we will cover derivative securities. The emphasis is on using these ideas in a business setting. (Although much of the material in this course has applications to personal finance, this aspect of the material will not be emphasized.)

This page is for Professor Hagerty's EMP Investments. Many of the files accessible through this page are stored in Adobe Acrobat format. To read these files you will need the Adobe Acrobat reader. The class notes and past exams are the intellectual property of the instructor. You may not distribute class notes electronically or in any form to any one outside the class or outside Kellogg. You may not duplicate these notes for use by your employers after graduating from Kellogg without my written consent.

Links

Yahoo Finance
This page has lots of financial information including historical stock price data which can be downloaded into an Excel spreadsheet
WRDS
This web site provides a wealth of financial data. Data access requires a username and password. The site is fairly self-explanatory but if you would like more Information about accessing the data, click here.
Bloomberg Financial Information
Bloomberg provides current information on equity, bond, and foreign exchange markets.
The Economist
A non academic publication with an excellent understanding of modern finance.
Federal Reserve Economic Data
(FRED). FRED provides historical U.S. economic and financial data, including daily U.S. interest rates, monetary and business indicators, exchange rates, and regional economic data
Finance from the WWW Virtual Library
This is a collection of web links for finance. It has groups of links for finance researcher, finance educators, finance students, and finance practitioners.
Securities and Exchange Commission
This is the Federal agency which regulates securities issues and many (but not all) of the financial markets in the U.S. This link will lead you to the SEC's EDGAR database. This database contains many of the documents filed with the SEC.
FINRA
By law, virtually every securities firm doing business with the US public is a member of this private, not-for-profit organization. FINRA registers member firms, writes rules to govern their behavior, examines them for compliance and disciplines those that fail to comply. In addition, they provide education to industry professionals and investors.