Choice under Uncertainty: a review; axioms of cardinal utility. Asset Pricing Models: Capital Asset Pricing Model, derivation and limitations; Arbitrage Pricing Theory; Market model; and empirical evidence on the asset pricing models. Empirical Tests of Market Efficiency. Stock Market Anomalies: Tests and explanation. Alternatives to the EMH and the Noise Trader model. Market Psychology. The Stock Exchange of Mauritius. Market Integration, Financial Crisis and Contagion.
