Foundations of Finance: So just what is “Finance” anyway, and how did it become such a bad word? Franco Modigliani and Merton Miller won the Nobel Prize in Economics in part for proving that Finance is irrelevant. Other renowned economists like Robert Shiller routinely assert that financial market participants are irrational. Despite the turmoil of the past two decades, the financial services industry is burgeoning globally, and it has never been more important for people to understand basic principles of Finance. Students will be introduced to simple accounting statements, valuation models and the relation between risk and return. Each student will apply the concepts learned by analyzing a Dow 30 Company.
- Teacher: Thomas Ashman