This course offers a basic overview of global financial institutions and markets. The course examines the underlying economic processes and factors that drive the markets, such as capital formation, demand for credit, and funding issues. It also examines global regulatory structures governing the markets with emphasis on the role of the Federal Reserve System. Students learn the mechanics of each market as well as ways various market participants benefit from their use. This course provides the foundation necessary to analyze the impact of economic developments on financial markets and trading strategies.
Students write an economic analysis of a current market issue.
This course provides an introduction to the legal, regulatory, and ethical issues arising in the functioning and operation of financial markets. The course is structured to provide a functional understanding of market participants' duties to the public, clients, and employers. Students examine current regulatory topics and legal issues challenging industry practitioners while investigating principal securities and futures regulations, net capital requirements, record keeping, financial reporting, and suitability. Instructors emphasize securities and futures registration requirements, margin, order representation and execution, and specific trading practices. A series of panel discussions provide students with insight on current procedures in financial services compliance.