With this course, students will obtain an in depth view of the functioning of financial markets and institutions as well as their role within the financial system as a whole.
The course aims at describing intermediated and non-intermediated finance. Along these lines, the first part of the course will be devoted to the organization and functioning of financial markets (market microstructure), while the second part of the course will put the emphasis on financial intermediation and particularly on the analysis of the banking and insurance industries.
A written exam will be organised in January and in August and will cover both parts of the course. A case report for the second part of the course is due and will represent 20% of the final grade (see Webcampus for details).