Section outline

  • Learning Outcomes:

    The students should be able to:

    .Describe market efficiency and related concepts, including their importance to investment practitioners;

    •  Explain factors that affect a market’s efficiency;

    • Contrast weak-form, semi-strong-form, and strong-form market efficiency;

    • Explain the implications of each form of market efficiency for fundamental analysis, technical analysis, and the choice between active and passive portfolio management;

    Chapter Content:

    • The concept of Market Efficiency, 
    • Forms of Market efficiency,
    •  Market pricing Anomalies, 
    • Behavioral Finance.