BUS-F 620 Game Theory and Financial Institutions
- 15 weeks
- 3 credits
This course covers theoretical and empirical research in the field of banking, with a focus on commercial banks and credit markets. The first part of the course goes over the classic theories of banking, which describe the fundamental role of commercial banks in the economy and the financial sector and relates these theories to the empirical evidence on their relevance. We also address important issues on banking such as bank regulation and shadow banks. Class sessions in this part of the course consist of lecture presentations and student presentations of selected research papers.
In the second part, the course focuses on research connecting banks and credit markets to a range of broader economic and financial issues such as credit cycles, economic growth and aggregate productivity, monetary policy, and financial integration. Class sessions in this part of course consist of classroom discussions of assigned readings on each topic.
The class is designed to provide students with a solid understanding of the theoretical and empirical research on these topics and help students develop the fundamental skills needed to do research in this area.