GECO 6269 -

Institution:

The New School

Subject:

Description:

Financial Economics Fall 2008. Three credits. Willi Semmler This course studies the interaction of the financial markets and economic activity. The financial markets to be considered encompass the money and bond market, credit market, stock market, and foreign exchange market. Economic activity is described by the activity of households, firms, banks, governments, and countries. The course shows how economic activity affects the financial markets and how the financial markets, financial market volatility, and instability feed back into economic activity. Emphasis is given to theory and empirical work on credit and derivative markets, bond prices and yield curves, stock prices and returns, CAPM and static and dynamic portfolio theory, and consumption- and production-based asset pricing theory. Further topics include the impact of the volatility of asset prices on economic activity, the economics of risk, and financial fragility and crises. Reading for the course includes Semmler's Asset Prices, Booms, and Recessions (2003, rev. 2006). Prerequisite: GECO 6191 or permission of the instructor.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.newschool.edu

Phone Number:

(212) 229-5600

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

The Course Profile information is provided and updated by third parties including the respective institutions. While the institutions are able to update their information at any time, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.