Prerequisite: ECN106, ECN111
The course covers the basic economic principles underlying the working of national and international financial institutions. It introduces the basic theory and operation of financial systems from an economist’s viewpoint. The stress is on financial instruments, markets in which they are traded, and attendant structures. Students are expected to learn applying an economics perspective to the study of financial assets and institutions, and to form a coherent view of the disparate variables in financial activity, markets, and their governance as well as to understand these in the context of financial crises.