INTRODUCTION
Is designed to give participants a foundation of financial instruments beyond the standard treatment of bonds and equity covered After a short review, the course takes on forwards, futures, swaps, and options and moves to combining these building block instruments with practical applications.
Some time is devoted to the policy implications, notably related to regulation of financial markets, though a separate course devoted to financial sector policies is recommended for those interested in more detail. Lectures introduce the underlying theory, while case studies allow the participants to apply the techniques introduced and test their understanding of how and why some strategies and misuse of financial instruments can lead to large losses and financial instability. Participants are expected to prepare final presentations on a set of predetermined current financial market issues.