ECON8037 Financial Economics
| Offered By | School of Economics |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Economics |
| Offered in | Second Semester, 2009 and Second Semester, 2010 |
| Unit Value | 6 units |
| Course Description |
This course examines the economic principles that determine the allocation of resources through time in market economies. It uses supply and demand relationships to value capital assets (or projects more generally). There is a detailed treatment of the effects of risk and taxes on capital asset prices, and the Modigliani-Miller financial policy irrelevance theorems are derived and examined in detail. |
| Learning Outcomes |
The course will provide students with a working knowledge of the classical finance model, which is the foundation for modern finance. It establishes a foundation for examining the role of asymmetric information in financial markets. |
| Indicative Assessment |
Two examinable tutorials will be held during the semester, they are both fully redeemable. The first one, which can contribute 10 per cent to the final grade, will be held just prior to the mid-semester break, while the second one, which can contribute 15 per cent, will be completed just after the mid-semester break. The dates will be set two weeks in advance and will be announced in lectures and posted on WebCT. A three (3) hour exam is held at the end of semester. |
| Workload | 10-12 hours per week |
| Course Classification(s) | TransitionalTransitional courses are designed for students from a broad range of backgrounds and learning achievements, which provide for the acquisition of generic skills; or an informed understanding of contemporary issues; or fundamental knowledge for transition to Advanced or Specialist courses. |
| Areas of Interest | Economics |
| Eligibility | At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with introductory level courses in Economics, Statistics and Econometrics |
| Prescribed Texts | See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8037 |
| Preliminary Reading |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8037 |
| Indicative Reading List | See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8037 |
| Programs | Graduate Diploma in Applied Economics, Graduate Diploma in Economic Policy, Graduate Diploma in Economics, Graduate Diploma in International Trade and Economic Relations, Master of Applied Economics, Master of Economic Policy, Master of Economics of Development, Master of International and Development Economics, Master of International Trade and Economic Relations, and Master of Economics |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8037 |
| Academic Contact | See http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8037 |
The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.
