Checking date: 24/03/2023

Course: 2023/2024

Information in Markets and Market Microstructure
Master in Business and Finance (Plan: 362 - Estudio: 69)


Department assigned to the subject: Business Administration Department

Type: Electives
ECTS Credits: 5.0 ECTS


Requirements (Subjects that are assumed to be known)
Financial Economics, Dynamic Asset Pricing, Business Economics I and II, Corporate Finance I & II
The student is expected to achieve a good understanding of the current issues in asset valuation, the role of information in asset pricing and decision problems, and market microstructure.
Skills and learning outcomes
Description of contents: programme
1- Competitive market equilibrium models 2- Financial innovation with asymmetric information 3- Asymmetric information and trading (or not) 4- Strategic models and asset pricing 5- Market microstructure AT- Equilibrium and heterogeneity AT- Behavioral finance and bounded rationality
Learning activities and methodology
Instruction, discussion and analysis of current academic papers
Assessment System
  • % end-of-term-examination 40
  • % of continuous assessment (assigments, laboratory, practicals...) 60
Calendar of Continuous assessment
Basic Bibliography
  • Álvaro Cartea, Sebastian Jaimungal & Jose Penalva. Algorithmic and High-Frequency Trading . Cambridge University Press. 2015
  • Markus K. Brunnermeier. Asset Pricing Under Asymmetric Information: Bubbles, Crashes, Technical Analysis, and Herding. OUP Oxford. 2001

The course syllabus may change due academic events or other reasons.