One course credit, irregularly scheduled. This course applies economic theory to analyze financial decisions made by corporations. These decisions include what real assets to invest in and how to raise the funds required for these investments. The analysis concentrates on the roles of the timing of cash flows, the risk of cash flows, and the conflicts of interest between the various actors in the world of corporate finance. Special attention is paid to stocks, bonds, dividends, and options.
Extensive use is made of financial data and spreadsheets.
One course credit, spring semester. An introduction to financial markets and the assets traded therein with an emphasis on the role and function of commercial banks is followed by an examination of the practical problems, successes and failures of the Federal Reserve System in executing monetary and credit policies in the recent past. One course credit, fall semester. Featuring macroeconomic policies and issues, this course includes the study of business cycles, the economics of government deficits and debt, case studies in macroeconomic policy, and macroeconomic forecasting. One course credit, fall semester.