 | | MSCA 601 | Financial Economics | Credits: | 3.0 | Department: | Finance | Program: | MSc |
The course will begin with a rigorous review of microeconomic theory including analysis of consumer behaviour and demand, the theory of production and supply, optimal price and output determination by firms, and the concept of market equilibrium. Within this framework, the course will then focus specifically on the equilibrium determination of interest rates and asset prices under conditions of uncertainty. Finally, the course will discuss the role of market imperfections for decisions under uncertainty with particular emphasis on agency problems.
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