ECON3006 Financial Economics(P)
Later Year Course
| Offered By | School of Economics |
|---|---|
| Academic Career | Undergraduate |
| Course Subject | Economics |
| Offered in | Second Semester, 2012 |
| 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 |
Two lectures per week with tutorials |
| Areas of Interest | Economics and Finance |
| Requisite Statement |
ECON2101/2111 Microeconomics 2 (P or H). |
| Preliminary Reading |
Hirschleifer, J., Price Theory and Applications (2nd Edition), 1980 - Chapter 16. |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON3006 |
The information published on the Study at ANU 2011 website applies to the 2011 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2010 website.
