Financial institutions are crucial part of the civilized societies and play a leading role in the economic development and risk management. This course strives to provide understanding of the basic functions, goals and challenges of these institutions, to analyze the fundamental instruments they use and to study the structure of the markets they participate in.

The covered topics include:

(1) Organization & Structure of Financial Markets

(2) Determination of Interest Rates and the Dept Markets

(3) International Parity Conditions and the Foreign Exchange Markets

(4) Financial Risk Management and the Derivative Markets.