ECON 3050 [0.5 credit] Introduction to Financial Economics
Major theories underlying financial economics: arbitrage, market efficiency, Fisher’s separation theorem. Topics include: impact of cyclical fluctuations on consumption, investment, and financial decisions of consumers/firms, monetary policy and interest rate determination, loans for durables, mortgage loans, bond/stock valuation, investment-decision criteria, risk-return trade-offs, cost-of-capital analysis.
Prerequisite(s): ECON 1001 and ECON 1002 each with a grade of C- or higher, or ECON 1000 or FYSM 1003 with a grade of C- or higher, ECON 1401/MATH 1401 and ECON 1402/MATH 1402, or equivalent department-approved MATH course pair with a grade of C- or higher in each, and BUSI 1001 or BUSI 1002 or BUSI 1004 or BUSI 1005 with a grade of C- or higher.
Lectures three hours a week.
Lectures three hours a week.