Descriptif

Prerequisites: ECO101, ECO102 and ECO201.
This course introduces to basic issues
regarding the financial system, i.e. markets
and institutions intermediating
saving and investment. After an informal
description of the financial system, it
starts with basic asset pricing, continues
with corporate finance theory (Modigliani-
Miller theorem and its deviations),
then turns to the study of banking, insurance
and financial markets. Whenever
possible, it connects theory with contemporary
issues.