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118 119 120 121 </head> 122 <body class="no-header-page wsite-page-asset-pricing-notes full-width-body-off header-overlay-on alt-nav-off wsite-theme-light"><div class="wrapper"> 123 <div class="birdseye-header"> 124 <div class="nav-wrap"> 125 <div class="container"> 126 <div class="logo"><span class="wsite-logo"> 127 128 <a href="/"> 129 <img src="/uploads/3/4/4/7/34470013/1479828963.png" alt="Ralph S.J. Koijen" /> 130 </a> 131 132</span></div> 133 <div class="nav desktop-nav"><ul class="wsite-menu-default"> 134 <li id="pg829907637979715394" class="wsite-menu-item-wrap"> 135 <a 136 href="/" 137 class="wsite-menu-item" 138 > 139 Home 140 </a> 141 142 </li> 143 <li id="pg221107274876629022" class="wsite-menu-item-wrap"> 144 <a 145 href="/research.html" 146 class="wsite-menu-item" 147 > 148 Research 149 </a> 150 151 </li> 152 <li id="pg287455622760291156" class="wsite-menu-item-wrap"> 153 <a 154 href="/cv.html" 155 class="wsite-menu-item" 156 > 157 CV 158 </a> 159 160 </li> 161 <li id="pg845368058816194719" class="wsite-menu-item-wrap"> 162 <a 163 href="/graduate-advising.html" 164 class="wsite-menu-item" 165 > 166 Graduate advising 167 </a> 168 169 </li> 170 <li id="active" class="wsite-menu-item-wrap"> 171 <a 172 href="/asset-pricing-notes.html" 173 class="wsite-menu-item" 174 > 175 Asset pricing notes 176 </a> 177 178 </li> 179 <li id="pg346115981721657931" class="wsite-menu-item-wrap"> 180 <a 181 href="/insurance-notes.html" 182 class="wsite-menu-item" 183 > 184 Insurance notes 185 </a> 186 187 </li> 188 <li id="pg295117795849684858" class="wsite-menu-item-wrap"> 189 <a 190 href="/outside-activities.html" 191 class="wsite-menu-item" 192 > 193 Outside activities 194 </a> 195 196 </li> 197</ul> 198</div> 199 <a class="hamburger" aria-label="Menu" href="#"><span></span></a> 200 </div> 201 </div> 202 </div> 203 204 <div class="main-wrap"> 205 <div id="wsite-content" class="wsite-elements wsite-not-footer"> 206 <div class="wsite-section-wrap"> 207 <div class="wsite-section wsite-body-section wsite-background-27" > 208 <div class="wsite-section-content"> 209 <div class="container"> 210 <div class="wsite-section-elements"> 211 <div class="paragraph">Teaching notes empirical asset pricing for courses taught by Ralph Koijen and <a href="https://www0.gsb.columbia.edu/faculty/svannieuwerburgh/?_ga=2.198751983.1733601762.1567796826-181137614.1567796826" target="_blank">Stijn Van Nieuwerburgh</a> (last updated April 2024)<ol><li><a href="/uploads/3/4/4/7/34470013/introduction_2024.pdf" target="_blank">Introduction</a></li><li><span><a href="/uploads/3/4/4/7/34470013/week1_returnpredictability_2024.pdf" target="_blank">Return Predictability and the Term Structure of Returns</a></span></li><li><span><a href="/uploads/3/4/4/7/34470013/week2_factorzoo_2024.pdf" target="_blank">The Cross-section of Expected Returns and the Factor Zoo</a></span></li><li><span><a href="/uploads/3/4/4/7/34470013/week3_intermediaryap_2024.pdf" target="_blank">Intermediary Asset Pricing</a></span></li><li><span><a href="/uploads/3/4/4/7/34470013/week4_productionbasedap_2024.pdf" target="_blank">Production-based Asset Pricing</a></span></li><li><a href="/uploads/3/4/4/7/34470013/demandsystems_2024.pdf" target="_blank">A Demand System Approach to Asset Pricing</a></li><li><a href="/uploads/3/4/4/7/34470013/week6_mutualfundshedgefunds_2024.pdf" target="_blank">Mutual Funds and Hedge Funds</a></li><li><a href="/uploads/3/4/4/7/34470013/week7_volatility_2024.pdf" target="_blank">Volatility</a></li><li><a href="/uploads/3/4/4/7/34470013/week8_termstructure_2024.pdf" target="_blank">The Term Structure of Interest Rates</a></li><li><a href="/uploads/3/4/4/7/34470013/week9_corpbondscds_2024.pdf" target="_blank">Corporate Bonds and CDS</a></li><li><a href="/uploads/3/4/4/7/34470013/week10_currencies_2024.pdf" target="_blank">Currencies</a></li><li><a href="/uploads/3/4/4/7/34470013/week11_commodities_2024.pdf" target="_blank">Commodities</a></li><li><a href="/uploads/3/4/4/7/34470013/week12_realestate_2024.pdf" target="_blank">Real Estate and MBS</a></li><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br 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