ECON 652 Economics of Financial Markets II

Units: 4
Terms Offered: Sp

Financial market equilibrium and partial equilibrium asset pricing in discrete and continuous time; properties of equilibria with and without complete markets; theory of option prices; Black-Scholes pricing formula; term structure of interest rates; hedging strategies and managing market risk using options, futures and swaps; hedging exchange-rates risks.
Prerequisite: ECON 601.
Instruction Mode: Lecture
Grading Option: Letter