Quantitative Financial Economics

This course will explore quantitative analysis of theoretical and empirical models of finance; including, but not limited to, the economic foundations of financial assets and prices; financial decisions of households; and the role of financial markets and institutions in an economy. Recent theories in behavioral finance, and how these theories explain financial market anomalies (e.g., asset price bubbles and financial crises), as well as their policy implications, will also be examined. A short paper is required at the end of the course. Prerequisites: Economics 13 (or Economics 14 or ES 56), Economics 16 and Economics 18. In no case may a student receive credit for both Economics 150 and Economics 159.