This course provides an overview of financial markets and institutions in the U.S. economy. Topics include: the structure of financial markets and the role of the federal government in these markets; the valuation of
fixed-income instruments; the risk-return tradeoff in equity markets; hedging and the use of derivatives instruments; and the identification and management of the risks involved in financial intermediation. Note: Freshmen who were admitted in fall 2008 or after and are Finance or Real Estate majors should not take this course. Students will need to take Finance 3502 and 3503 in place of this course and Finance 3101. This course will not be offered after Spring 2011. Mode: Lecture.