The course analyses the role of money in the economy and provides an introduction to financial economics. The first part of the course describes and analyses the role of the central bank and the importance of banks for the transmission mechanism. The next part of the course deals with interest bearing instruments. Different debt instruments are defined and explained as well as the basic concepts of how to value financial assets. Particular emphasis will be put on bonds. The final part of the course introduces modern portfolio theory, including Markowitz model and CAPM. The econometric part of the course focuses on time series analysis of financial data.
Monetary and Financial Economics B100:3, 7.5 credits
Autumn Term 2024
The information below is only for exchange students
Starts
4 December 2024
Ends
19 January 2025
Study location
Umeå
Language
English
Type of studies
Daytime,
100%
Required Knowledge
Economics B100:1 or equivalent.
Selection
Students applying for courses within a double degree exchange agreement, within the departments own agreements will be given first priority. Then will - in turn - candidates within the departments own agreements, faculty agreements, central exchange agreements and other departmental agreements be selected.
Application code
UMU-A2331
Application
This application round is only intended for nominated exchange students. Information about deadlines can be found in the e-mail instruction that nominated students receive.
Notification of admission will be sent in end of May.
