This course is an overview of accesses to capital and an examination of markets. This includes the financial instruments, and institutions that comprise the global financial system, which will then lead to an in-depth study of the marketplaces that play central roles in the global - down to the local - economy. We will explore the roles, rules and functions of the capital markets and review some of the regulations that have created and continually impact those markets. Funding topics also include debt instruments, financing enterprises through venture capital and private equity funding, initial public offerings (IPOs), fixed income securities offerings, commercial paper, angel investing and other forms of access to capital. Financial instruments in a global market will be examined through a review of exchanges, currency, hedging, options, swaps, and international bonds and equities. Fund-raising in the non-profit sector will likewise be considered
Required readings for the semester include:
• Financial Institutions, Markets, and Money, 10th Edition, by David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard L. Peterson