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This course will introduce the students to the basics of financial markets and financial instruments traded in these markets. It will cover the stock market, the bond market, forward and futures contracts, and the options markets. The course follows the “Financial Economics” course and complements the fundamental knowledge of finance that is needed for the M1‐level “Corporate Finance” and other finance classes.

The course seeks to provide a solid understanding of the basic financial contracts and the markets in which they are traded. The emphasis will be on the valuation of stocks, bonds, forward and futures contracts, and options using various methods. An important theme of the course is the concept of arbitrage in the financial markets.

  • Introduction
  • Stocks and market efficiency
  • Bonds (Fixed‐Income Securities)
  • Forward and Futures
  • Options