The CAPM and APT I
Description: This video lecture begins with a review of portfolio theory and presents the expected return of efficient portfolios as in the capital asset pricing model. The significance and implications of the Sharpe-Lintner CAPM are then discussed.
The CAPM and APT II
Description: This video lecture covers how to calculate a proper discount rate, the application of CAPM, and performance evaluation using the security market line.
The CAPM and APT III
Description: This video lecture starts with an example that uses CAPM to explain market-cap portfolios. Different methods of sorting, including by size, beta, and volatility, are analyzed.
- Video for Part I of The CAPM and APT covers slides 1–6
- Video for Part II of The CAPM and APT covers slides 4–18
- Video for Part III of The CAPM and APT covers slides 18–28