Advanced
Financial Economics (BSc)

Syllabus

 

Teaching evaluations:

• 2025 (aggregate score 93.5%; 89 of 102 students responded)

• 2024 (aggregate score 91.1%; 63 of 75 students responded)

I am honored to receive the School of Economics Lecturer of the Year Award for this module in 2025! In redesigning the course, my focus was on my students and their careers after graduation. A simulated trading assignment lets them apply the theory, and guest talks by alumni connect what they learn in class to their first years in the industry.

Lectures:

• Lecture 0: Introduction

• Lecture 1: Capital structure irrelevance

• Lecture 2: Agency theory of capital structure

• Lecture 3: Tradeoff theory of capital structure

• Lecture 4: Firm taxation and investment (with an application to the Shareholder tax cuts in the U.S.)

• Lecture 5: Portfolio choice theory (with an application to simulated trading)

• Lecture 6: Consumption-based Capital Asset Pricing Model

• Lecture 7: Derivative Securities

• Lecture 8: Option pricing

Tutorials:

• Tutorial 1

• Tutorial 2

• Tutorial 3

Exercises:

• Exercise 1

• Exercise 2

• Exercise 3

• Exercise 4

• Exercise 5

Coursework:

• Simulated Trading Assignment

Final exam:

• Fall term 2024

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