The primary course goal is for students to master the logic, intuition and operation of a financial system - money, financial markets (money and capital markets, debt and equity markets, derivatives markets), and financial institutions and intermediaries (the Central Bank, depository institutions, credit unions, pension funds, insurance companies, venture capital firms, investment banks, mutual funds, etc.). In other words, how money/capital change hands between agents over time, directly and through institutions. Material will be both quantitative and qualitative, yet always highly analytical with a focus on active learning - there will be an approximately equal emphasis on solving mathematical finance problems (e.g. bond or option pricing) and on policy analysis (e.g. monetary policy and financial regulation.) Students will not be rewarded for memorizing and regurgitating facts, but rather for demonstrating the ability to reason with difficult problems and situations with which they might not previously be familiar.
- Grading Basis: Letter Grade or Credit/No Credit
- Enrollment Instructions: A permission number is required to enroll in this course. Visiting students who have taken courses at another academic institution that are equivalent to the listed prerequisite(s) must submit the Prerequisite Form to the Economics Department in order to register for this class.
- Intensive Studies: This course is offered as part of the International Management Intensive. See the Intensive Studies page for more information on how to receive an official Document of Completion.
ECON 50 or ECON 52