Financial Economics

Catalog description

Credits 3. 3 Lecture Hours. Introduction to the economic principles underlying financial markets and asset pricing; examines the structure and operation of equity, bond, foreign exchange and derivative markets in domestic and international contexts; topics may include portfolio choice, risk management, intertemporal decision-making, models of market efficiency, arbitrage and the relationship between financial markets and the broader economy; integrates theoretical and empirical perspectives to understand how financial systems allocate resources and influence economic performance. Prerequisites: Grade of C or better in ECON 323 and ECMT 461 ; or approval of instructor.