Money, Financial Institutions, and Markets

This course presents a moderately advanced overview of concepts and techniques in the fields of money, banking, and finance.

It examines the agents, instruments, and institutions that make up the financial system of the modern economy, such as bonds, the stock market, derivatives, and the money market, including the role of banks in deposit and credit creation.

Along the way, standard concepts and tools of financial analysis are covered, including the risk-return tradeoff (Sharpe ratio), the capital asset pricing model (CAPM), option pricing theory, and the efficient market hypothesis (EMH) and its alternatives.