1. What must be true about a market for it to be considered “informationally efficient”?
2. How does a market become efficient?
3. What do we expect to see in an informationally efficient market?
4. What is an “information set”? How does the identification of information sets affect the
Efficient Markets Hypothesis?
5. What are the implications of the weak‐form EMH for analysis and investment?
6. What are the implications of the semi‐strong‐form EMH for analysis and investment?
7. What are the implications of the strong‐form EMH for analysis and investment?
8. How can we test for weak‐form; semi‐strong‐form; strong‐form efficiency?
9. Compare and contrast the weak‐form, semi‐strong‐form and strong‐form of the
EfficientMarkets Hypothesis? (I.e. How are they similar and how are they different from
each other?)
10. What are the overall conclusions of tests for market efficiency? Do you think the
Vietnamese stock market is weak‐form efficient? Semi‐strong‐form efficient? Strong‐
form efficient?