Capital Markets

This course surveys and analyzes the instruments traded in modern asset markets, the mechanisms that facilitate their trading and issuance, as well as, the motivations of issuers and investors across different asset classes. The course will balance functional and institutional perspectives by highlighting the problems market participants are seeking to solve, as well as the existing asset markets that have arisen to accomplish these goals. We will consider the nature of structure of asset markets, and the design, issuance, and pricing of financial instruments, focusing on how arbitrage strategies keep their prices in-line with one another. (INTD 0116 or INTD 0217 or by instructor approval) 3 hrs. lect., 3 hrs. lab