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FIN 396R Topic: Inefficient Markets, The Financial Crisis and Behavioral Finance

Prerequisite: Junior standing.

Course Description: This is a course on several very interesting issues in financial economics, and requires active participation in class discussion. First we examine the lack of empirical support for the foundation of modern financial economics, efficient market theory. We use two books (The Myth of Rational Markets and Irrational Exuberance) to examine this issue. Then we examine the 2008 Financial Crisis. This crisis also shows how many of the models that finance used were wrong. We will examine the crisis by reading two books (The End of Wall Street and Too Big to Fail). Finally we will examine behavioral finance by examining the book Behavioral Finance and Wealth Management.

Course Rotation: NY: Spring.

Credits

3 credits

Prerequisite

FIN 260 Min Grade D