This course covers the fundamentals of the Institutions in financial markets. Therefore a large part of the course addresses issues of design of financial institutions within the larger economic scenario. Monetary Policy and Central Banks role in the financial markets will be discussed, as well as topics on money and financial firms. Another part of the course studies the role of a few financial agents to reduce information asymmetries and help overall economic growth.
The goal of this course is to form financial experts which can readily understand real world events and interpret the daily news in a way that allows them to reach non-trivial and profit making insight, through transparent and sound financial and economic methods. By the end of the course the students will be familiar with the forces behind financial markets and will be able to tackle complex and urgent debates that are now being discussed in news and financial outlets.
An important aspect of this course is that while it describes the models and intuition behind institutions in financial markets, it also introduces some of the econometric models which will be necessary to test them. This effort is made to empower the students, who by the end of the class are expected to be familiar with simple theories and their behavioral basis, to focus on real world issues.
Learning objectives
At the end of the course the student is able to:
- Apply the basic models of economic and financial institutions;
- Critically analyze assumptions to obtain a real advantage in real world events;
- Properly discuss central debates on the role of institutions in financial markets.
Format
Seminars.
Assessment method
- Exam (50%);
- Midterm (20%)
- Assignment (30%).
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