The time value of money; discounted cash flow analysis; valuing financial assets; capital budgeting; risk and return; cost of capital; corporate financing decisions; and capital structure.

Analysis of special corporate finance topics including dividend policy, capital structure, leasing, option valuation, risk management, mergers, and acquisitions.

Banks as financial intermediaries; risk measurement and management: interest rate risk, credit risk, liquidity risk, foreign exchange risk, and off-balance sheet risk; emphasis on analysis of interest rate risk (including duration and gap analyses) and hedging techniques using derivative instruments (forwards, swaps, caps, floors, etc.); capital adequacy and deposit insurance. Sovereign lending, credit rationing, and securitization of bank loans.

Introduction to the process of investing in financial securities; overview of the investment decision-making process; analysis of securities markets and trading practices; asset pricing under the capital asset pricing and the arbitrage pricing models; principles of modern portfolio theory; performance measurement techniques; asset allocation strategies; introduction to fixed income and derivative securites, risk management strategies.

Procedures for valuing derivative securities, such as options and futures contracts, and swaps; costs and benefits of using derivative securities to change the risk exposure of corporations and financial intermediaries, including static and dynamic portfolio policies; applications from commodity, equity, and bond markets.

Special financial problems of corporations operating in more than one country, including corporate strategy, decision to invest abroad, forecasting exchange rates, measuring and managing exchange risk, international portfolio diversification, international structure of interest rates, taxation, and financial structure in a multi-national firm.

Structure of financial markets and financial intermediaries; interest rates and security valuation; central banking system and monetary policy; securities markets including money, capital, foreign exchange, and derivatives markets; commercial banking and other depository institutions; institutional investors, including investment banks, insurance companies, mutual funds, and pension funds; introduction to financial risk management.

Topics will be announced when offered.

Topics will be announced when offered.

Topics will be announced when offered.

Topics will be announced when offered.

Topics will be announced when offered.

Topics will be announced when offered.

Topics will be announced when offered.

Topics will be announced when offered.

Topics will be announced when offered.

Topics will be announced when offered.

Firm behavior in imperfectly competitive markets. How firms acquire and maintain market power. Welfare consequences of market power. Strategic interactions among firms, and the role of government competition policy. Basic theoretical models of industrial economics: Bertrand and Cournot competition, collusion, advertising, innovation, and international trade.

Determinants of competitive strategy in a variety of market structures; How the structure of industry affects strategic choices and performance. Topics include the dynamic aspects of pricing, entry and predation in concentrated industries, and product differentiation, product proliferation and innovation as competitive strategies.

Analysis of strategic interactions that commonly arise in economic, business, political, and judicial arenas. A systematic introduction to game theory and some of its applications, such as market competition, technological races, auctions, party competition for votes, and bargaining.

Topics will be announced when offered.

Topics will be announced when offered.