This course is an introduction to econometric modelling in empirical finance. The main focus is to study econometric models and methods to understand financial market dynamics. Topics include review of the essential concepts in regression and time series econometrics and investigation of some popular financial econometric models and estimation methods to analyze and understand the empirical properties of financial market data.
This is a 3-unit course, which means that the students are expected to complete a total of 54 hours of coursework. In addition to scheduled lectures and discussions for 3 hours a week, students are expected to do course-related work such as board works, quizzes, and written exams during the semester. Students will also be given problem sets that supplement required chapters and are expected to submit a compilation of problem sets that will manifest the application of the concepts learned.
This course covers topics in open-economy macroeconomics and the international monetary system. This subject examines the impact of monetary institutions and policy actions on commodity prices, wages, interest rates, employment levels, consumption, and production – all considered at a global level. This course provides an in-depth perspective in the dynamics of balance-of-payments (BoP), foreign exchange market, exchange rate and other concepts in international monetary economics. This course provides students with tools to gain an understanding of recent events and current policy issues. The insights provided by these theoretical frameworks will enable students to discuss topics such as the Philippines' current account deficit and global financial imbalances, the exchange rate regime, and the role of international factors on a nation's employment, wage, and economic performance.