Securities Markets

Reading

  • Chapter 3: Securities Markets

Assignment

  • Relative Value

Market Data

Bloomberg Introduction

Bloomberg News

Company Information from Bloomberg

Bloomberg Macroeconomics

Market Failures

The Principle-Agent Problem

Asymmetric Information

The Market for Lemons by George Akerlof

Adverse Selection

Moral Hazard

Market Functions

Borrowers and Savers

  • Businesses
  • Households
  • Government

Financial Intermediaries

Aggregating Savings and Securitization

Trading

Buying and Selling on Margin

Market Structure

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