Coordinating teacher: PENALVA ZUASTI, JOSE SEBASTIAN
Department assigned to the subject: Department of Business Administration
Type: Electives
ECTS Credits: 5.0 ECTS
Course: 2º
Semester: 1º
Students are expected to have completed
Financial Economics, Dynamic Asset Pricing, Business Economics I and II, Corporate Finance I & II
Competences and skills that will be acquired and learning results.
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.
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
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 and the academic weekly planning may change due academic events or other reasons.
