1. Financial Economics EC4024 2009
Dr Stephen Kinsella
stephen.kinsella@ul.ie
www.stephenkinsella.net
twitter.com/stephenkinsella

2. What’s this course
about?
• Markets
• Macroeconomics
• Finance/Public Policy
• Meltdowns & the Future of the Financial
System

3. You’ll learn

4. You’ll learn
1. How to read the financial pages
2. How to comment intelligently on current
affairs
3. Understand & Critique Basic Models
4. Some econophysics & real market data
5. Trading Simulations & Experiments
6. Working with Real Data

5. Last Year’s Course

6. Introduction
Prob. Theory
Markets & Finance Risk & Uncertainty
Portfolio Analysis
CAPM APT EMH
Options, Futures, BS
Behavioural Finance

7. “Time changes everything
except something within us
which is always surprised by
change.”
-Thomas Hardy

8. 10 000
7000
5000
3000
2000 2002 2004 2006 2008
^ISEQ, Irish Stock Exchange, 1999---?

9. 10 000
7000
5000
3000
2000 2002 2004 2006 2008
^ISEQ, Irish Stock Exchange, 1999---?

10. This Year’s Course

11. Intro/Data
Lab Time / Experiments
Structure of System Physical Descriptions
Crisis/Options
CAPM APT EMH
Behavioural Finance
“Other”

12. Stuff I expect you to
know from EC4004
Marginal Analysis
Description of Households & Firms
Theory of the Business Cycle
Game Theory
stephenkinsella.net/teaching

13. Grading
PS1 10% (Due week 4)
PS2 10% (Due week 8)
PS2 10% (Due week 10)
Final Exam 70%

14. Materials
Course Page on stephenkinsella.net/
Regular Blog Posts, links to media
Textbook, Pilbeam, Finance & Financial
Markets, 50 Copies in Bookshop, 2 on 3hr
reserve in Library.

15. Mini Presentations

16. Email by 5pm TODAY if you
don’t want to be a volunteer

17. PRIZE FOR
ORIGINALITY:
100 EUROS

18. Policies
Do reading before class
Do exercises in notes
Show up to lectures, check site daily.
Email whenever, but...
Don’t send me text messages!

21. Read Pilbeam, Cht 1
& Lecture Notes on
Web