Home work : 40 hours

Elective

Language of instruction : English

Diplomas : Ecole Polytechnique, DEA Dauphine, PhD Stanford

This course is the continuation of the basic corporate finance course with a review of accounting, taught by the same lecturer.

The purpose of the course is to go deeper into financial markets : typology, sizes, tools, techniques, players.

We shall see how financial markets evolved profoundly over the last 30 years, and how they serve today's world financial needs.

Lesson 1 : Introduction, society and exchange, what is a financial product, etc.

Lesson 2 : Banking systems, foreign-exchange markets, off-shore currencies

Lesson 3 : Money markets

Lesson 4 : Bond markets

Lesson 5 : Securitisation

Lesson 6 : International fixed-income markets

Lesson 7 : Equity markets

Lesson 8 : Commodities and futures markets

Lesson 9 : Options and derivatives markets

Lesson 10 : Conclusion, future of financial markets and of the world monetary systems (sounds)

Besides attending classes, students are requested to read and study at home the above lessons.

Marc Levinson, Guide to Financial Markets, The Economist, 4th edition 2006 (erratum)
Frederic Mishkin, Economics of Money, Banking and Financial Markets, Addison Wesley, 2006
John C. Hull, Options, Futures and Other Derivatives, Prentice Hall, 6th edition, 2005
Peter Bernstein, The Power of Gold, Wiley, 2000
"Adam Smith" (George Goodman), Paper Money, Dell 1982
Eric Beinhocker, The Origin of Wealth, Harvard Business School, 2007
Peter Bernstein, Capital Ideas, Wiley, 1992
Paul Wilmott, Quantitative Finance, Wiley, 2007

Prerequisite course : http://www.lapasserelle.com/clermont/corporate_finance