This module focuses on weak-form, semi-strong-form, and strong-form market efficiency.
Introduction
Describe market efficiency and related concepts, including their importance to investment practitioners
Distinguish between market value and intrinsic value
Explain factors that affect a market’s efficiency
Contrast weak-form, semistrong-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
Describe market anomalies
Describe behavioral finance and its potential relevance to understanding market anomalies
