Monash University Handbook 2011 Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

Theories of hedging and speculation; determination of spot and futures prices, and intertemporal allocation; market efficiency; expectations, including adaptive expectations and rational expectations.

Objectives

The learning goals associated with this unit are to:

1. understand the trade-off between risk and return
2. develop the ability to understand literature in financial economics
3. understand the concepts of adaptive and rational expectations
4. develop analytical, written and oral skills by writing and presenting research papers.

Assessment

Within semester assessment: 100%

Chief examiner(s)

Stephen Miller

Contact hours

3 hours per week

Prerequisites

ECC4650 or ECX5465

Prohibitions

ECC4750