ECON 337901
FINANCIAL ECONOMICS
Peter Ireland
Boston College
January 14, 2020
These lecture notes by Peter Ireland are licensed under a Creative Commons Attribution-NonCommerical-ShareAlike4.0 International (CC BY-NC-SA 4.0) License. http://creativecommons.org/licenses/by-nc-sa/4.0/.
The Structure of Financial Economics
The Structure of Financial Economics
No Arbitrage Opportunities Across Markets
Source: Eric Budish, Peter Cramton, and John Shim, “TheHigh-Frequency Trading Arms Race: Frequent Batch Auctionsas a Market Design Response,” Quarterly Journal ofEconomics Vol.130 (November 2015): pp.1547-1621.
No Arbitrage Opportunities Across Markets
Source: Budish, Cramton, and Shim (2015).
Arbitrage Opportunities Across Markets?
Source: Budish, Cramton, and Shim (2015).
Arbitrage Opportunities Across Markets
Source: Budish, Cramton, and Shim (2015).
Arbitrage Opportunities Across Markets
Source: Budish, Cramton, and Shim (2015).
The Structure of Financial Economics
The Structure of Financial Economics
Course Administration
Course webpage:
http://irelandp.com/econ3379.html
Notes/slides, handouts, problems sets and solutions, oldexams.
Course Administration
Book:
Jean-Pierre Danthine and John Donaldson, IntermediateFinancial Theory, Second (2005) or Third (2014) edition.
Recommended, but not required.
Third edition is freely available in electronic form via BClibraries.
Course Administration
Grading:
Homeworks: 20%
Midterm (Tuesday, March 17): 40%
Final (Thursday, May 7): 40%
Course Administration
Academic integrity:
http://www.bc.edu/integrity
It’s fine to work with other students on the homeworks, butplease hand in our own answers for the purposes of grading.
Your work on the midterm and final should be yours and yoursalone.