AEM 4940
Financial Institutions
This course introduces the functions of a variety of financial institutions, including banks and other depository institutions, insurance companies, investment banks, brokerage firms, trading firms, pension funds and hedge funds. Their essential roles in the modern economy will be discussed along with their regulation, activities and histories. Laddering, yield curves, moral hazard, lemons and agency problems will be among the important financial and economics concepts introduced that underlie financial institution structures and management. The efficiency and rationality of financial markets will also be examined as will possible institutional dark sides, such as their potential contributions to bubbles, crashes and financial scandals. More details are provided in the course syllabus and detailed notes and problems (with solutions) are available in the Readings and Coursepack. Other useful information and links are provided below and in Teaching and Courses. Students are encouraged to contact the instructor about any questions or problems that they encounter. Numerous problems and exercises with solutions are available through links below to the Readings and Coursepack, Sample Exams and Additional Problems. Students should not attempt this course with an insufficient quantitative background (including comprehension of subject material from linear mathematics, statistics, calculus and an introductory financial management course). Elementary prerequisite work is available through the Elementary Mathematics Review and Additional Readings links below. Other useful information for AEM 4940 and links are provided in the course syllabus below and in Teaching and Courses. Contact information and office hours are listed on the course syllabus.

Course Syllabus Exam Preparation Suggestions Useful Links for  Students
Readings and Coursepack Sample Exams FAQ
Project Elementary Mathematics Review Finance Reading Suggestions
Additional Problems Spreadsheets and Other Tools Slides
Additional Readings Lecture Spreadsheets
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updated 05/13/2014