Monetary, Banking and Financial Economics
Modules:
I. Foundations of Finance
II. Money and Banking
III. Risk Management
MODULE CONTENT:
Foundations of Finance:
The Foundations of Finance introduces the pivotal concepts which form the basis of theoretical finance under three broad headings; Portfolio Theory and Practice, Equilibrium in Capital Markets and Introductory Analysis of Asset Classes. Core concepts include the relationship between risk and return, the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT).
Money and Banking:
This module introduces money and banks (microfoundations) and the implications for allocative efficiency and regulation, whilst looking at the complex roles of asymmetric information, signaling, adverse selection, risk aversion, agency and moral hazard in banking activities.
Risk Management:
Risk management focuses on the types of risk that arise for a business including market risk, credit risk and interest risk. This module considers financial risk management strategies, how risk is evaluated, the methods that are available to hedge against risk and the strategies that are employed to mitigate risk. This is complemented by consideration of operational risk and key risk management issues for financial institutions, including regulatory issues such as Basel II and III.
Modules:
I. Foundations of Finance
II. Money and Banking
III. Risk Management
MODULE CONTENT:
Foundations of Finance:
The Foundations of Finance introduces the pivotal concepts which form the basis of theoretical finance under three broad headings; Portfolio Theory and Practice, Equilibrium in Capital Markets and Introductory Analysis of Asset Classes. Core concepts include the relationship between risk and return, the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT).
Money and Banking:
This module introduces money and banks (microfoundations) and the implications for allocative efficiency and regulation, whilst looking at the complex roles of asymmetric information, signaling, adverse selection, risk aversion, agency and moral hazard in banking activities.
Risk Management:
Risk management focuses on the types of risk that arise for a business including market risk, credit risk and interest risk. This module considers financial risk management strategies, how risk is evaluated, the methods that are available to hedge against risk and the strategies that are employed to mitigate risk. This is complemented by consideration of operational risk and key risk management issues for financial institutions, including regulatory issues such as Basel II and III.
- Profesor: Lozano Vivas Ana María