ECTS_Advanced

	Advanced Finance
Lecturer	André Cabannes Ecole Polytechnique, DEA Dauphine, PhD Stanford
General objectives	This course is the continuation of the basic corporate finance course with a review of accounting, taught by the same lecturer. The purpose of the course is to go deeper into financial markets : typology, sizes, tools, techniques, players. We shall see how financial markets evolved profoundly over the last 30 years, and how they serve today's world financial needs.
Detailed program	Lesson 1: Introduction, society and exchange, what is a financial product, etc. Lesson 2: Banking systems, foreign-exchange markets, off-shore currencies Lesson 3: Money markets Lesson 4: Bond markets Lesson 5: Securitisation Lesson 6: International fixed-income markets Lesson 7: Equity markets Lesson 8: Commodities and futures markets Lesson 9: Options and derivatives markets Lesson 10 : Conclusion, future of financial markets and of the world monetary systems (sounds)
Teaching methods	Lecturer's presentation, discussion, in-class exercises. Beside attending classes, students are requested to read and study at home the above lessons.
Assessment & tests	Midterm exam 50%. Final exam 50%.
Bibliography	Marc Levinson, Guide to Financial Markets, The Economist, 4th edition 2006 (erratum) Peter Bernstein, Capital Ideas, Wiley, 1992 Frederic Mishkin, Economics of Money, Banking and Financial Markets, Addison Wesley, 2006 Paul Wilmott, Quantitative Finance, Wiley, 2007 Peter Bernstein, The Power of Gold, Wiley, 2000 "Adam Smith" (George Goodman), Paper Money, Dell 1982 John C. Hull, Options, Futures and Other Derivatives, Prentice Hall, 6th edition, 2005 Eric Beinhocker, The Origin of Wealth, Harvard Business School, 2007
Prerequisite	Good English Language skills. Prerequisite course : https://www.lapasserelle.com/courses/corporate_finance

Advanced Finance