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Description
Aims: To provide students with a thorough understanding of the functioning of financial markets. The module is intended for motivated students who are interested in developing an analytical understanding of financial economics. It will cover crucial topics such as the role of markets and institutions as providers of liquidity, the reasons for price volatility in financial markets, financial fragility, different types of market microstructure and informational efficiency of financial markets.
Suitable for: Suitable for Final year BSc Economics (L100, L101, L102), BSc Economics and Statistics (LG13), BSc Economics and Geography (LL17), BA Philosophy and Economics (VL51), BSc PPE Politics, Philosophy and Economics (4V86) and BA European Social and Political Studies specialist students.
Prerequisites: ECON0013: Microeconomics (or equivalent) must have been taken previously. Students should also possess a working knowledge of calculus and probability.
Assumed knowledge: Students should be fluent in microeconomics and in mathematics for economics (e.g., optimisation under constraints). A good understanding of probability theory is also necessary. Students have great advantage if they are familiar with decision under risk (e.g., expected utility, risk aversion).
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 19th August 2024.
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