January 6th, 2015, 10:56 pm
Cochrane's course is likely to be both easier to follow and more broadly applicable. His text book on asset pricing is the standard, and even his research papers are generally fairly accessible, without in any way being "easy" (he is a recent past president of the American Finance Association, and very high in the macro finance/asset pricing pecking order these days). I have only seen research papers and presentations from Cvitanic, but his primary background is from very difficult areas of math finance, and his natural habitat is a bit further away from what he is teaching in this course. Of course, as BramJ was implicitly alluding to, if you want to become a derivatives quant then this would be the more useful course. But it sounds like you have a bit more research to do before you can address that decision head on...