Tepper School of Business

 

 

 

 

 

45-871 Trade and Investment Strategy

 

Robert A. Miller  ramiller@cmu.edu

 

 

 

 

 

 

 

 

Syllabus

Assignment 1

Assignment 2

Take Home Exam

Strategic Play - Draft

 

SCHEDULE

 

 

Monday October 26:              

Wednesday October 28:        

 

Monday November 2:            

Wednesday November 4:      

 

Monday November 9:            

Wednesday November 11:    

 

Monday November 16:          

Wednesday November 18:    

 

Monday November 30:          

Wednesday December 2:       

 

Monday December 7:            

Wednesday December 9:       

 

Monday December 14:          

Wednesday December 16:     

 

LECTURE

 

 

1 Texas CD Auctions

2 Auction Formats

 

3 Revenue Equivalence

4 Procurement Contracts

 

5 Limit Order Markets

6 Liquidity and Market Dynamics

 

7 Arbitrage Pricing

8 Efficient Markets

 

9 Lifecycle Consumption

10 Uncertainty and Risk

 

11 Portfolio Investment

12 Governance

 

Games for Grades

Course Review

BREAKOUT SESSIONS

 

 

Discussion Questions on Texas CD Auctions

Discussion Questions on Auction Formats

SUPPLEMENTARY MATERIAL

 

 

Bidding Frictions in Ascending Auctions

Auction game (right click to save)