Бакалавриат 2025/2026

Финансовая экономика

Статус: Курс по выбору (Международная программа по экономике и финансам)

Кто читает: Международный институт экономики и финансов

Когда читается: 3-й курс, 1, 2 модуль

Охват аудитории: для своего кампуса

Преподаватели: Гэн Жуньцзе

Язык: английский

Course Syllabus

Abstract

Pre-requisites: It is assumed that students taking the class have some knowledge in the following courses: Introduction to Microeconomics, Probability Theory and Statistics, Mathematics for Economists. Abstract: This course aims to build a bridge between the economic knowledge the students acquired previously to the principles of asset pricing in finance. First part of the course, starting from knowledge about choices and utility in microeconomics, we will introduce how one can make optimal choices when we introduce financial markets. We will expend from microeconomics in two dimensions: first we introduce the concept of dynamic programming and show how to optimize in dynamic models; second, with the knowledge (only basic needed) of probability theory, we show how to optimize in stochastic models. Second part of the course, we introduce the concept of competitive equilibrium. We will show through simply examples how are the prices of financial assets decided when everyone tries to optimize his or her own utility. We will use simple concrete examples to illustrate relatively abstract concepts that are potentially used in later study or in the financial industry. Those abstract concepts include what is arbitrage; what is risk and uncertainty; what is relative and absolute risk aversion; what are Arrow securities; what are complete markets; and etc. The exercises and the exam of the course will be testing if the students could fully understand the concepts covered in the course and figure out asset prices in simple example-economies.