Current
Economics of Finance and Banking (Wednesdays 15:30-17:00, ed1 2.14; Fridays 16.00-17:30 ed1 2.22)
Other resources and readings:
Readings for the course
Week 1: Overview of the course; motivating the study of finance and banking; constrained optimization theory [handout 1; handout 2]
Week 2: Two period models of intertemporal consumption and investment [handout 1]
Week 3: Decision making under uncertainty and general equilibrium with Arrow-Debreu markets [handout 1]
Week 4: Arrow-Debreu financial markets (cont); introduction to modern portfolio theory [handout 1, handout 2]
Week 5: Introduction to modern portfolio theory (cont). Revisions for the midterm [handout1; computer codes]
Week 6: Midterm week: Saturday 25th October; 9.00am; room ed2. 0.07 [midterm]
Week 7: The Capital Asset Pricing Model [handout1]
Week 8: The Capital Asset Pricing Model (cont.); implications of firm financing [handout1]
Week 9: Firm capital structure in a perfect financial market [handout1]
Week 10: Macro financial crises and the banking system; theoretical arguments about liquidity and the role of banking financial institutions [handout1; handout2]
Week 11: Banking crises in a Diomond and Dybvig enviroment; alternative banking systems and regulation [handout1]
Week 12: Deposit insurance, Basel accords, and other banking regulation [handout1]
Mock midterms and exams: mock midterm1_2; mock midterm1_1
Grades: Midterm1
Previous
Introduction to Macroeconomics (Summer 2013); Economic Statistics (Summer 2014); International Economics (Fall 2015; Spring 2016; Fall 2016; Spring 2017; Fall 2017, Spring 2018, Fall 2018, Spring 2019, Fall 2019; Spring 2020; Fall 2020; Spring 2021; Fall 2021; Spring 2022; Fall 2022; Spring 2023; Fall 2023; Spring 2024); Applied Economics Research Workshop - Masters (Fall 2020); Advanced International Macroeconomics (Spring 2024); Advanced Macroeconomics II (2025); Topics in Economics of Banking and Money (2025); International Trade (2025);