Asset Pricing: Theory and Applications

This lecture series by the instructor covers various topics in asset pricing, including mean-variance optimization, state prices, risk-neutral measure, and stochastic discount factor. The fundamental theorems of asset pricing and the concept of complete markets are also discussed, along with the pricing kernel and state price density. The lectures delve into the connection between absence of arbitrage and individual consumption-portfolio problems, emphasizing the importance of valuation functionals in determining arbitrage opportunities and pricing assets.