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The economics of finance, with applications to asset valuation, corporate finance, and portfolio management.
This course covers the economics of financial decisions and markets. How do individuals and firms make investment decisions? How are future cash flow streams (such as those provided by financial securities) priced? Requirements include familiarity with intermediate microeconomics, multivariate calculus, algebra (including matrix algebra) and probability theory.
LEARNING OUTCOMES: At the end of this course, a successful student will be able to:Understand what the efficient market hypothesis does and doesn’t say, and its implications for asset price behaviour;Understand modern portfolio theory and its implications for investment planning; Understand the no-arbitrage principle and its implications for asset pricing; Be able to relate financial economics theory to actual financial issues and events; Be adequately prepared for postgraduate study in finance and economics.
(1) ECON207; and (2) FINC201; and (3) MATH102 or MATH199 RP: FINC205 or MATH103
FINC205 or MATH103
Domestic fee $822.00
International fee $3,688.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see
Department of Economics and Finance