Course Detail
Units:
3.0
Course Components:
Lecture
Enrollment Information
Enrollment Requirement:
Prerequisites: Masters status in the David Eccles School of Business.
Description
This class provides a “hands on” approach to financial markets through 10 trading sessions. Students gain invaluable experience while trading in different roles across different market structures. Once basic trading proficiency and understanding of markets is acquired, the class moves to exploring trading strategies and the usage of technology to implement them. Both quant and high-frequency trading strategies will be covered. Familiar topics from other finance classes are discussed, starting from the very basics up to more advanced topics, but through the lenses of the data generated from the classroom trading sessions. This data proves remarkably similar to the data one observes in large markets but with the benefit of having greater knowledge about individual incentives and the ‘fundamentals’ of the classroom economy. This approach allows for deeper analysis and a greater understanding of markets. The topics covered include Behavioral Finance, Prediction Market, Lending Markets, Market Bubbles and Crashes, Capital Asset Pricing Model, and High Frequency Trading.