The development and utilization of financial plans, policies, and practices in business enterprises. Particular emphasis is given to illustrative problems and cases. A study of the nature, functions, and applications of the various futures and options markets and contracts. Basis, long and short term hedging, spreading, and normal and inverted markets are examined, along with theoretical considerations. An analysis and critique of current monetary theories and their development from classical roots.
Emphasis is placed on the relationship between the theories and their policy implications.
A study of international monetary problems, financing of the flow of goods and services among nations, and balance of payments considerations. The theory and practice of bank asset and liability management in the context of a liquidity-profitability conflict. An analysis of current problems in commercial banking from the points of view of the banks, their regulators, and the public. An inquiry into the techniques of analysis of financial statements as an aid to extraction and evaluation of information for interpretation and decision-making by lenders, investors, and others. A study of the history, economic functions, operating techniques, and policies of central banks.