Economics of Financial Markets (EC0047)

? Credit Points : 20 ? SCQF Level : 10 ? Acronym : MSE-4-ECOFINMAR

Financial markets have an important role in the allocation of resources in market economies. This course provides an introduction to how economists analyse behaviour in financial markets. The course builds on material covered in Topics in Microeconomics, Topics in Macroeconomics and Analysis of Economic Data, by extending your understanding of the economic analysis of risk, information, intertemporal choice, basic dynamics, and expectations. Much of the reading for the course is advanced, taken from journal articles and graduate level textbooks. The course is aimed at students who are willing to study challenging material, which is the focus of ongoing research activity.

Visiting undergraduate students interested in taking the course should consult the course organiser.

Entry Requirements

? Costs : None

Subject Areas

Home subject area

Economics, (Management School and Economics, Schedule H)

Delivery Information

? Normal year taken : 4th year

? Delivery Period : Not being delivered

? Contact Teaching Time : 2 hour(s) per week for 10 weeks

All of the following classes

Type	Day	Start	End	Area
Lecture	Wednesday	11:10	13:00	Central

Summary of Intended Learning Outcomes

After successful completion of this course the student will have knowledge and understanding of and insight into key economic issues in financial markets: the economic analysis of risk, information, intertemporal choice, strategic behaviour, and expectations.
The course uses and builds on the technical skills developed in Topics in Macroeconomics and Topics in Microeconomics and Analysis of Economic Data. Students are expected to develop a rigorous understanding of relevant models, an ability to use and apply them to analyse issues, and a critical appreciation of the limitations of existing models and approaches.
The course highlights key intellectual skills, notably: problem-framing and problem-solving skills; critical analysis and assessment; independent thought and critical judgment; and obtaining and processing information from a variety of sources; managing tasks and time.