FNCE 4070: Summer (A Term) Semester 2012

Power-point Lecture Slides, Assigned Readings, Case Studies and Course Information

Course Syllabus (Summer 2012)

Lecture 1: Introduction to Financial Markets

Reading: Financial Markets; This Old Stock Market, The Economist, March 15, 2012

Reading: Explaining Quantitative Easing and QE2

Reading: The Behavior of Stock Returns Around NBER Turing Points, An Overview, J. Siegal, 1991

Lecture 2: Frameworks for Understanding Financial Markets and Institutions

Reading: Explaining Credit Default Swaps

Reading: Momentum in Financial Markets, The Economist, January 2011

Reading: Money Supply, Portfolio Adjustments and Stock Prices, M. Palmer, Financial Analysts Journal, July-August 1970

Reading: S&P Says India May Be First in BRIC to Lose Investment Grade, Bloomberg.com June 11, 2012 (Including an Addendum on S&P Ratings)

Lecture 3: The Role of Expectations in Financial Markets

Lecture 4: Understanding Interest Rates and Risks in the Bond Markets

Reading: Event Study: Nike Drops Most Since May on Apparel Maker’s First Profit Miss Since 2006; Efficient Market Response to Unanticipated Negative News, Bloomberg.com March 18, 2011

Reading: Understanding Hedge Funds (Including: California Hedge Fund Is Latest Europe Crisis Casualty, Bloomberg.com June 14, 2012)

Reading: Introduction to Behavioral Finance

Video: Ben Bernanke’s Press Conference, June 20, 2012. Link to this through: http://www.federalreserve.gov/

Lecture 5: The Term Structure of Interest Rates

Lecture 6: Forecasting with the Term Structure of Interest Rates

Reading: Liquidity Signals in the CDS Markets

Reading: The Yield Curve as a Predictor of U.S. Recessions, Federal Reserve Bank of New York, June 1996

Reading: An Introduction to the London Interbank Offer Market and LIBOR