1 / 18

ECONS528: FINANCIAL MARKETS, GOVERNANCE AND REGULATION ORGANISATION OF THE COURSE

ECONS528: FINANCIAL MARKETS, GOVERNANCE AND REGULATION ORGANISATION OF THE COURSE. Pierre Francotte 2013-14. CONTENTS. Objectives Coverage Scope What this course will teach you Structure of the course Reading material Classes Exams ECONS 532 – Field Project For reference.

berg
Download Presentation

ECONS528: FINANCIAL MARKETS, GOVERNANCE AND REGULATION ORGANISATION OF THE COURSE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ECONS528: FINANCIAL MARKETS, GOVERNANCE AND REGULATION ORGANISATION OF THE COURSE Pierre Francotte 2013-14

  2. CONTENTS • Objectives • Coverage • Scope • Whatthis course willteachyou • Structure of the course • Reading material • Classes • Exams • ECONS 532 – Field Project • For reference

  3. OBJECTIVES • Allow you to understand: • how markets function in practice • the relevant business and policy drivers, • the trade-offs in a real business and regulatory environment. • Purpose is to make you more effective, more quickly, in your future professional or academic environment.

  4. OBJECTIVES – Cont’d • The approach is cross-disciplinary (economics, business, policy, law, etc). • Because it is the combination of these different factors that drives: • decision-making and risk-taking by financial institutions, and • stance of regulatory bodies.

  5. COVERAGE • The course covers: • functioning of the financialmarkets • financial regulation (understood as regulation and supervision of financial institutions and of financial markets), • financial institutions’ governance topics.

  6. COVERAGE – Cont’d • Focus is on policy and practice of financial markets and of regulation. • It is not a course on economics theory. • It is intended to be complementary to (and not to repeat) the economics theory you have already learned.

  7. SCOPE • Market, regulatory and governance topics will be covered from different standpoints: • national (e.g. Belgium, UK, US), • European (EU or Eurozone), and/or • global. • On relevant topics, we will compare Europe and US, and sometimes Asia-Pacific.

  8. WHAT THIS COURSE WILL TEACH YOU • At the end of this course, you will be able to: • relate economics theory to the way the financial markets work in practice, • know the basics of the key financial products and actors and of their business and regulatory challenges, and • make connections between the different segments of the financial markets. • Which is something your future employers expect and rarely provide as part of their new recruits training.

  9. STRUCTURE OF THE COURSE • Course has 8 chapters, which will be organised generally as indicated below. • Delivered over 12 lessons of 2 hours each. • All classes are given in English.

  10. EIGHT CHAPTERS

  11. READING MATERIAL • Slides will be posted ahead of the corresponding class on my wordpress website: francotte.wordpress.com. • Passwordprotected.

  12. READING MATERIAL – Cont’d • There is no mandatory reading material. • What you need to know for the exam is: • in the slides, or • will have been explained during class. • You are expected to read the slides of the forthcoming chapter before the relevant class. • Selectedoptionalreading, whichcan help you: • as starting point for researchtopics • to deepenyourunderstanding of certain topics

  13. READING MATERIAL- Cont’d • The following textbook has useful background information: • F. Mishkin, C. Bordes, PC. Hautcoeur, D. Lacoue-Labarthe et X. Ragot, Monnaie, banque et marchés financiers, (2010), edited by Pearson. NB: this textbook is in French but was chosen because it covers also the European financial sector. For the US financial sector, you can use instead Mishkin’s textbook in English if you wish: • The Economics of Money, Banking and Financial Markets, (9th edition), edited by Pearson.

  14. CLASSES • Wednesdays from 8:00 to 10:00. • Auditorium: R.42.5.103 • Starts on September 18 and ends on December 18. • No class on • October 30 • November 20 • December 4 • One more date to be set (TBD). • Attendance to class is necessary for proper understanding, as not all points can be covered in reading material or slides.

  15. CLASSES – Cont’d • Bonus points for exam can be obtained for research and presentation to class on selected topics (from zero to 2 points depending on quality of work). • Enrolment optional. • Attendance to presentation for whole class, like for any lecture: • presentations are part of course • sessions on dates otherthanregular lectures (around end November/earlyDecember - TBD) • Detailswillbegiven in class.

  16. EXAMS • Exam in January. • Written exam - in English. • Details will be communicated by end November.

  17. ECONS 532 – Field Project • As a rule, ECONS 528 is a pre-requisite to enrol in Field Project ECONS 532 in second quadrimester. • In anyevent, if thereis a cap on number of ECONS 532 registrations, studentswho have completed ECONS 528 have priority.

  18. FOR REFERENCE • Please interact during classes: ask questions (there is NO stupid question) and express thoughtful views. • You can reach me between classes at: pierre.l.francotte@gmail.comor pfrancot@ulb.ac.be .

More Related