Econ 133: Security Markets and Financial Institutions
Fall 2012
Last updated: 10/5/12
Instructor: Kai
Pommerenke, Ph.D.
Contact: kpommere@ucsc.edu
and (831) 459-3916
Office
hours: M 11:00 a.m. – 1:00
p.m. and by appointment, 429 E2
Class
meets: MWF 8:00
a.m. – 9:10 a.m., Steven Academy 150
Website: http://people.ucsc.edu/~kpommere/econ133 and Piazza
News
First problem set is due on Monday, Oct. 8. The link to the problem set
is now available through Piazza.
All subsequent announcements will be made on Piazza.
Documents
Required Readings
á
Essentials of
Investments, (any edition), by Bodie, Kane and Marcus
(BKM); McGraw-Hill
á
William Sharpe
(WS), "The arithmetic of active management," Financial Analysts Journal (Jan. 1991), 7-9
á Current economic and
financial news from The NYT, Reuters, The Economist, etc.
á Articles listed below or on
Piazza
Schedule
|
Week |
Start |
Topic |
Readings |
|
1 |
10/1 |
Intro, TVoM, risk and return, Excel |
BKM
1, 5, TVoM, Playing with fire, Keeping it real, The LIBOR scandal
|
|
2 |
10/8 |
Portfolio management |
BKM 6, Repressed memories |
|
3 |
10/15 |
CAPM and APT |
BKM 7 |
|
4 |
10/22 |
Efficient markets, review (midterm on F) |
|
|
5 |
10/29 |
Financial assets and institutions, trading |
|
|
6 |
11/5 |
Bonds, securitization |
BKM 10, securitization, CDOs, sovereign bonds, corporate borrowing |
|
7 |
11/12 |
Stocks (no class on M) |
BKM 13, Taking stock, equity markets |
|
8 |
11/19 |
Futures and options (no class on F) |
BKM 17, 15-16 |
|
9 |
11/26 |
Personal finance |
BKM 21, Promise now,
Not so expert |
|
10 |
12/3 |
Financial crisis, review |