Their uses, equilibrium prices, and relationships to primary securities such as stocks, bonds, and commodities. Theoretical analysis in context of markets in which they are traded. Master's Status in the School of Business. Financial management of the multinational firm or firm with international affiliates, suppliers, or markets. Subjects parallel those of standard financial management with added dimensions of exchange rate phenomena, risks and hedging, payment mechanisms, instruments, and institutions for international business.
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Recent theoretical and empirical research in financial economics. Students present papers to colleagues. Theory of the firm and consumer under certainty and general equilibrium theory as it specifically applies to business. Theory of the consumer under uncertainty. Risks and risk aversion, expected utility theory, state preference theory, portfolio selection, moral hazard, adverse selection, and asset pricing.