Bachelor
2024/2025
Current Topics and Modern Financial Markets
Type:
Elective course (HSE/NES Programme in Economics)
Area of studies:
Economics
Delivered by:
Undergraduate Programmes Curriculum Support
Where:
Faculty of Economic Sciences
When:
4 year, 4 module
Mode of studies:
offline
Open to:
students of one campus
Language:
English
ECTS credits:
3
Course Syllabus
Abstract
The overall purpose of the course is to engage students into the discussion of current issues and challenges that global financial markets are facing in the aftermath of financial crisis. The course will touch on numerous public policy issues, many of which are politically controversial and most of which are likely to continue to be important for years to come. A goal of the course is to provide students with a framework within which these public policy issues can be addresses in a useful manner. The first half of the course will be devoted to public policy issues in asset pricing and market microstructure (taught by Anna Obizhaeva) and the second part of the course will be devoted to current topics in corporate finance (taught by Pavle Radicevic).
Learning Objectives
- A goal of the course is to provide students with a framework within which these public policy issues can be addresses in a useful manner. Students should be prepared to discuss and defend the ideas in their write-ups in class. For some questions, there is no “right” or “wrong” answer, in the sense that finance and economics professors themselves are likely to disagree about the answers to the questions. Students may talk to other students about the assigned questions, but each student should prepare a write-up individually, without looking at the write-ups of other students. Each student should list on the write-up the names of the other students with whom the student discussed the write-up.
Expected Learning Outcomes
- The students are able to assess critically their personal and someone else's experience in the current economic situation.
- The students are able to interprete economic events taking place in the global financial market.
- The students are engaged into the discussion of current issues and challenges that global financial markets are facing in the aftermath of financial crisis.
Course Contents
- Abacus Deal, Financial Crisis 2008‐2009
- Derivatives ‐ Buffett vs AIG
- London Whale Case ‐ Regulations after Financial Crisis
- Commodities Markets and Hedging
- Structuring of Retirement Systems
- Government Finance
- Sovereign Wealth Funds and Review
Interim Assessment
- 2024/2025 4th module0.08 * Class participation + 0.5 * Final exam + 0.42 * Homework assignments
Bibliography
Recommended Core Bibliography
- Elements of financial risk management, Christoffersen, P. F., 2012
- Hull, J. C. (2017). Options, Futures, and Other Derivatives, Global Edition. [Place of publication not identified]: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1538007
- Röman, J. R. M. (2017). Analytical Finance: Volume I : The Mathematics of Equity Derivatives, Markets, Risk and Valuation. Cham, Switzerland: Palgrave Macmillan. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1344244
Recommended Additional Bibliography
- Remington, T. F. (2019). Institutional Change in Authoritarian Regimes: Pension Reform in Russia and China. Problems of Post-Communism, 66(5), 301–314. https://doi.org/10.1080/10758216.2018.1450154