Descriptif ECO563
The goal of this course is to develop a working knowledge of the interplay between regional economic frameworks, strategies of firms and financial markets. In this course, we want to assess the relations between the economy and markets, in a way which opens debates. Our perspective is structured along the following lines:
- The genealogy of modern finance and how deeply-rooted theories are now challenged by the 2007 crisis. Markets as a way to finance the economy
- The link between economic and financial performance
- The theory of the firm and the role of corporate governance, the derminants of the market valuation of the firm
- Financial markets as a way to manage world household savings and risks
- The challenge to invest for the Asset management industry (asset allocators, fund managers...). A particular focus will be given on the role played by the industry in the reshaping of corporate strategies, in terms of financial structure, M&A, business portfolio management
The course is based on solid professional and academic experience. However it is not a mathematical course (a topic which receives excellent coverage elsewhere at Polytechnique), nor a catalog of consulting firm’s methodologies. This is not a problem-solving course either. Instead, it is expected from the students that they understand how academic theories and business practices work together in the real world, and that they develop a personal thinking in an autonomous way. We trust this shall be useful to them through the course of their careers.
Course taught in English
Course primarily designed for QEF students. Other students welcome if adequately motivated.
Niveau requis : No Prerequisites in Economics required
Modalités d'évaluation : Students are evaluated through their participation in class, oral and written presentations by groups, oral briefings. There will be a 1hr essay to complete on the day of the last course.
Langue du cours : Anglais
- The link between economic and financial performance
- The theory of the firm and the role of corporate governance, the derminants of the market valuation of the firm
- Financial markets as a way to manage world household savings and risks
- The challenge to invest for the Asset management industry (asset allocators, fund managers...). A particular focus will be given on the role played by the industry in the reshaping of corporate strategies, in terms of financial structure, M&A, business portfolio management
The course is based on solid professional and academic experience. However it is not a mathematical course (a topic which receives excellent coverage elsewhere at Polytechnique), nor a catalog of consulting firm’s methodologies. This is not a problem-solving course either. Instead, it is expected from the students that they understand how academic theories and business practices work together in the real world, and that they develop a personal thinking in an autonomous way. We trust this shall be useful to them through the course of their careers.
Course taught in English
Course primarily designed for QEF students. Other students welcome if adequately motivated.
Niveau requis : No Prerequisites in Economics required
Modalités d'évaluation : Students are evaluated through their participation in class, oral and written presentations by groups, oral briefings. There will be a 1hr essay to complete on the day of the last course.
Langue du cours : Anglais
- Profesor: Tibi Philippe