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    Econ251 Syllabus

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    dan
    This document is the syllabus for an online course on financial theory taught by Professor John Geanakoplos. The course aims to explain the role of the financial system and integrate financial equilibrium into economic equilibrium. Students will study thinking done by hedge funds. The syllabus lists over a dozen recommended textbooks and outlines course requirements including problem sets, exams, and math skills needed. Grading will be based on problem sets, two midterms, and a final exam.

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    © All Rights Reserved
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    Econ251 Syllabus

    Uploaded by

    dan
    102 views3 pages
    This document is the syllabus for an online course on financial theory taught by Professor John Geanakoplos. The course aims to explain the role of the financial system and integrate financial equilibrium into economic equilibrium. Students will study thinking done by hedge funds. The syllabus lists over a dozen recommended textbooks and outlines course requirements including problem sets, exams, and math skills needed. Grading will be based on problem sets, two midterms, and a final exam.

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    This document is the syllabus for an online course on financial theory taught by Professor John Geanakoplos. The course aims to explain the role of the financial system and integrate financial equilibrium into economic equilibrium. Students will study thinking done by hedge funds. The syllabus lists over a dozen recommended textbooks and outlines course requirements including problem sets, exams, and math skills needed. Grading will be based on problem sets, two midterms, and a final exam.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    102 views3 pages

    Econ251 Syllabus

    Uploaded by

    dan
    This document is the syllabus for an online course on financial theory taught by Professor John Geanakoplos. The course aims to explain the role of the financial system and integrate financial equilibrium into economic equilibrium. Students will study thinking done by hedge funds. The syllabus lists over a dozen recommended textbooks and outlines course requirements including problem sets, exams, and math skills needed. Grading will be based on problem sets, two midterms, and a final exam.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    04/11/2016

    Open Yale Courses | Financial Theory


    FEEDBACK

    HELP

    ECON 251: FINANCIAL THEORY (#OVERVIEW)


    SYLLABUS(#SYLLABUS)

    SESSIONS(#SESSIONS)

    SURVEY(#SURVEY)

    BUYBOOKS(#BOOKS)

    Syllabus
    Professor
    JohnGeanakoplos,JamesTobinProfessorofEconomics

    Description
    Thiscourseattemptstoexplaintheroleandtheimportanceofthefinancialsystemintheglobaleconomy.
    Ratherthanseparatingoffthefinancialworldfromtherestoftheeconomy,financialequilibriumisstudied
    asanextensionofeconomicequilibrium.Thecoursealsogivesapictureofthekindofthinkingand
    analysisdonebyhedgefunds.

    Texts
    Bodie,Zvi,andRobertC.Merton.Finance,UpperSaddleRiver,NewJersey:PrenticeHall,2000.
    Chance,DonM.AnIntroductiontoDerivatives,3rdedition,FortWorth,Texas:TheDrydenPress,Harcourt
    BraceCollegePublishers,1995.
    DeGroot,MorrisH.ProbabilityandStatistics,Reading,Massachusetts:AddisonWesleyPublishingCo.,
    1975.
    Elton,EdwinJ.andMartinJ.Gruber.ModernPortfolioTheoryandInvestmentAnalysis,5thedition,New
    York:JohnWiley&Sons,Inc.,1995.
    Fabozzi,Frank.HandbookofMortgageBackedSecurities,6thedition,NewYork:McGrawHill,2001.
    Fabozzi,FrankJ.HandbookofFixedIncomeSecurities,6thedition,NewYork:McGrawHill,2000.
    Hull,JohnC.Options,Futures,andOtherDerivatives,5thedition,UpperSaddleRiver,NewJersey:
    PrenticeHall,2002.
    http://oyc.yale.edu/economics/econ-251#syllabus

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    04/11/2016

    Open Yale Courses | Financial Theory

    Jarrow,RobertandStuartTurnbull.DerivativeSecurities,2ndedition,Cincinatti,Ohio:SouthWestern
    CollegePublishing,2000.
    Luenberger,DavidG.InvestmentScience,NewYork:OxfordUniversityPress,1998.
    Malkiel,Burton.ARandomWalkDownWallStreet,NewYork:W.W.Norton,1999.
    Pliska,StanleyR.IntroductiontoMathematicalFinance.DiscreteTimeModels,Malden,Massachusetts:
    BlackwellPublishers,1997.
    Ross,Stephen,RandolphWesterfield,andJeffreyJaffe.CorporateFinance,NewYork:Irwin,McGrawHill,
    1999.
    Sharpe,WilliamF.,GordonJ.Alexander,andJefferyV.Bailey.Investments,6thedition,UpperSaddle
    River,NJ:PrenticeHall,1999.
    Swensen,DavidF.PioneeringPortfolioManagement.AnUnconventionalApproachtoInstitutional
    Investment,NewYork:TheFreePress,2000.
    Taggart,Jr,RobertA.QuantitativeAnalysisforInvestmentManagement,UpperSaddleRiver,NewJersey:
    PrenticeHall,1996.
    Tobin,JameswithStephenGolub.Money,Credit,andCapital,Boston:IrwinMcGrawHill,1998.

    Requirements
    Mathinthecourse
    Financeisaquantitativesubjectthatcanonlybeunderstoodbysolvingconcreteproblems.Butituses
    mostlyelementarymathematics.Youneedtobegoodatarithmetic(thedistributivelawisthebasisfor
    doubleentrybookkeeping),andbeabletosolvetwoorthreesimultaneouslinearequations(x+y=10x
    y=4.Solveforxandy).Youmustalsobeabletodifferentiatethreeelementaryfunctions:dxn/dx
    =nxn1dlnx/dx=1/xdeax/dx=aeax.Thefunctionsloganditsinverseexponentialbaseeareso
    importanttofinancebecauseofcontinuouscompoundingofinterest.Thoughtheymaybethemost
    importantfunctionsinallofmathematics,theywerediscoveredbybankers.Youwillalsobetaughthowto
    useExcel.
    Coursereading
    Thetextbookreadingsaremeanttoclarifyorelaboratematerialpresentedinclass,ortogiveyouanidea
    ofalternativepresentationsofthesamematerial.Forexample,wemightdiscussbonds,howtheypay,and
    howtovaluethem.Thereadingsmightcoverthespecificsofparticularbondmarkets(local,state,different
    countries),howtheyaretaxedetc.Thereisnoofficialtextbook.InthepastIhaveusedCorporateFinance,
    byformerYaleprofessorSteveRossandtwocoauthors,andtwoothers,bySharpeandMerton,both
    NobelPrizewinnersineconomics(forcontributionstofinancialeconomics).Theirbookswereregardedas
    insufficientlyquantitative,butmightbeusefultobrowsein.AnotherverygoodbookisbyLuenberger,but
    http://oyc.yale.edu/economics/econ-251#syllabus

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    04/11/2016

    Open Yale Courses | Financial Theory

    itisalittletooadvancedforthiscourse.Ihavelistedadozenorsogoodalternativesandsupplements,to
    giveyouanideaofwhereyoucouldreadmoreifyoubecomeinterested.Noneoftheseisrequired.You
    shouldbeabletofollowthecoursesimplybyattendingthelectures,readingthewebnotes,anddoingthe
    problemsets.

    Grading
    Problemsets:20%
    Midtermexam1:20%
    Midtermexam2:20%
    FinalExam:40%

    http://oyc.yale.edu/economics/econ-251#syllabus

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