A study of the theory and practice of the flow of funds from savers to borrowers through the financial markets. It includes the study of banks and other finanacial institutions through which funds flow, and of the financial instruments such as stocks, bonds, T-bills, etc. used in the transfer of funds from savers to borrowers. The focus is on the supply and demand for short-term and long-term funds in the financial markets, the resulting yields, and the overall effects of financial market conditions on the functioning of the economy. Prerequisite: FIN 3680.
Spring 2019, Fall 2018, Spring 2018, Fall 2017, Spring 2017