The course analyses the role of money in the economy and provides an introduction to financial economics. The first part of the course describes and analyses the role of the central bank and the importance of banks for the transmission mechanism. The next part of the course deals with interest bearing instruments. Different debt instruments are defined and explained as well as the basic concepts of how to value financial assets. Particular emphasis will be put on bonds. The final part of the course introduces modern portfolio theory, including Markowitz model and CAPM. The econometric part of the course focuses on time series analysis of financial data.
Academic credits
Applicants in some programs at Umeå University have guaranteed admission to this course. The number of places for a single course may therefore be limited.
Application code
UMU-23033
Application
Application deadline was
15 April 2024.
The application period is closed.
Application and tuition fees
As a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
