- Consumer and firm behaviour under certainty and uncertainty
- General equilibrium analysis in complete and incomplete markets
- Fundametals of game theory
- Economics of asymmetric information
Courses
Core Courses
Credits:
(3+0+0) 3
Credits:
(3+0+0) 3
- Domestic and international financial markets
- The structure, organization, and regulation of banking sector, money markets, stock markets, bond markets, futures and options markets, insurance markets, foreign exchange markets, and international asset markets
Credits:
(3+0+0) 3
- Basic theories of international trade
- Instruments of trade policy
- Fixed and floating exchange rate models
- The international monetary system
- International capital markets
- Emerging financial markets
- Capital flows and financial crisis
Credits:
(3+0+0) 3
- Static and dynamic finance theory
- Risk and arbitrage
- Portfolio analysis
- Asset pricing models
- Intertemporal models of finance
- Derivative pricing
Credits:
(3+0+0) 3
- Principles of corporate finance
- Analysis of investment decisions
- Capital budgeting and risk
- Instruments of capital financing
- Dividend policy, debt policy, and capital structure
- Analysis of financial performance
- Financial planning
- Mergers and acquisions
- International financial management
Credits:
(3+0+0) 3
- Fundamental quantitative techniques for economic and financial analysis
- Difference and differential equations
- Static and dynamic optimization
- Basic tools of linear algebra
- Elements of statistical analysis
- Statistical analysis
Credits:
(3+0+0)
- Basic econometric techniques
- Time series econometrics for econometrics and finance
- Analysis of expectations in macro and financial models
- Conditional variance models
- Econometrics for real business cycle models
Elective Courses
Credits:
(3+0+0)
- Principles of strategic decision-making and its applications
- Analysis of static and dynamic games under complete and incomplete information
- Applications from economics and finance
- Market games and strategic trading, negotiating, contracting, bidding and auctions, network models
Credits:
(3+0+0)
- The analysis of financial intermediaries (banks, brokers, mutual funds, and pension funds)
- Regulation of financial intermediaries
- Debt renegotiation and bankruptcy resolution
- Procedures under asymmetric information
Credits:
(3+0+0)
- The globalization of financial markets
- Banking in Europe and the USA in a historical perspective
- Structure of global debt and equity markets
- European Monetary Union and its impact on financial markets
- Regulatory issues in the global financial system
Credits:
(3+0+0)
- Models of industrial organization for analyzing financial market structures
- Perfect competition, contestable monopoly, monopolistic competition, and oligopolistic competition
- Location models; measures of market concentration
- Analysis of mergers and acquisitions
- The impact of information technology and financial product innovation on financial market structure
- Empirical and topical case studies related to structure of financial markets.
Credits:
(3+0+0)
- The economic impacts of competition and regulation policies on financial markets
- Policies against collusion, vertical restraints, and anti-competitive mergers in financial markets
- Economic and institutional issues related to regulatory policy in financial markets
- Empirical assessment of competition and regulatory policies.
Credits:
(3+0+0)
- Theory and application of security analysis and valuation
- Financial analysis for security valuation
- Determination of security prices
- Fundamental and technical analysis
- Empirical assessment of returns to trading strategies based on financial analysis.
Credits:
(3+0+0)
- Management of portfolio risk
- Diversification strategies
- Transaction costs and trading strategies
- Measurement of portfolio performance
- Currency management for international investors
Credits:
(3+0+0)
- Techniques of financial risk assessment
- Risk measurement for fixed income and derivative securities
- Credit risk modeling
- Risk adjusted capital allocation models, modelling of systematic and liquidity risk
Credits:
(3+0+0)
- Analysis of strategies employing derivative securities
- Forwards, futures, options, swaps, hedging with derivatives
- Techniques for pricing and measuring the risks of derivatives
- Design of new financial securities
Credits:
(3+0+0)
- Measuring and managing interest rate risk
- Techniques to measure financial risk
- Value-at-risk, regression measures
- The use of derivatives in asset and liability management
- Options, interest rate futures, swaps, hedging
Credits:
(3+0+0)
- Management of depository financial intermediaries with emphasis on commercial banks
- Bank regulation, liquidity and reserve position management, loan pricing and analysis, and investment portfolio problems
Credits:
(3+0+0)
- Objectives and instruments of the monetary policy employed by central banks
- Price stability and optimal rate of inflation
- Open market operations
- Public debt management
- The implications of capital account convertibility
Credits:
(3+0+0)
- Advanced topics and applications in corporate finance
- Leasing, mergers and acquisitions, corporate reorganizations, financial planning and working capital management, pricing of selected financial instruments and corporate liabilities
Credits:
(3+0+0)
- Overall management of firms in competitive environments
- Interaction of financial and other decision making in a firm
- Development and implementation of business strategy in a long-term perspective
Credits:
(3+0+0)
- Interaction between investor protection and firm-specific choices, including capital structure, internal controls, and executive compensation systems
- Features of corporate structure and control that minimizes the scope for expropriation by owners and minority shares
Directed Readings
Credits:
(1+4+0)
- Guided readings on different financial market structures in different countries
- Supervised research on topics of special interest to the individual student
Credits:
(1+4+0)
- Guided readings on different financial market structures in different countries
- Supervised research on topics of special interest to the individual student
Credits:
(1+4+0)
- Guided readings on different financial market structures in different countries
- Supervised research on topics of special interest to the individual student
Term Project
Credits:
(0+2+0)
- Directed research leading to a term paper on a topic of interest to the student, chosen with the approval of the advisor
Credits:
(0+2+0)
- Directed research leading to a term paper on a topic of interest to the student, chosen with the approval of the advisor
Credits:
(0+2+0)
- Directed research leading to a term paper on a topic of interest to the student, chosen with the approval of the advisor