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University of Pittsburgh    
2019-2020 Undergraduate Catalog 
    
 
  Oct 01, 2020
 
2019-2020 Undergraduate Catalog [Archived Catalog]

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BUSFIN 1326 - EFFICIENCY OF CAPITAL MARKETS


Minimum Credits: 3
Maximum Credits: 3
This course covers a central issue in finance: the Efficient Market Hypothesis (EMH). The EMH states that security prices reflect all relevant information and implies that investors cannot earn excess profits. Evidence in support of the EMH and contrary to it is studied. The implications of efficiency impact all financial managers and individuals in their financial decisions. Topics include: what actions can a financial manager take to maximize shareholder wealth, why do prices fluctuate, and technical versus fundamental analysis. The course focuses on valuation methods like DCF and CAPM.
Academic Career: Undergraduate
Course Component: Lecture
Grade Component: Letter Grade
Course Requirements: PREQ: BUSFIN 1030 (MIN GRAD ‘C’); PLAN: Accounting, Finance, General Management, Global Management, Marketing, Business Information Systems, Human Resources Management, Supply Chain Management, Undeclared CBA majors


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