Markets begins with one of the most common and important elements of the financial system – interest rates. You will learn why interest rates have always been a key barometer in determining the value of everything. You will explore the changing influence of interest rates; the impact of interest rates on consumption, investment and economic growth; and the bizarre realities of negative interest rates. Markets explains how interest rates change the value of all financial instruments, highlighting the role of the bond and stock markets that have toppled empires. We take a closer look at the equity pricing models and equity markets that reverberate across the globe, and explore everything from the first stock ever issued – by the Dutch East India Company – to the little-understood but powerful derivative securities market. By the end of the course, you will have developed insight into the intersections of the financial markets with worlds of policy, politics, and power. You will have demonstrated that insight by teaching an important financial concept and translating a financial product or transaction to someone who will clearly benefit from your advice.
Founded in 1887, McMaster University is ranked in the world's Top 75 by the Times Higher Education (THE) World University Rankings.
A medical-doctoral, research-intensive public university, McMaster is dedicated to advancing human and societal health and well-being.
In 1969, we pioneered the problem-based, student-centred approach to learning that came to be known around the world as the McMaster Model.
Home to more than 70 research centres and institutes, McMaster University is comprised of the Arts & Science Program and six Faculties: The DeGroote School of Business, and the Faculties of Engineering, Health Sciences, Humanities, Science, and Social Sciences.
With a total student population of more than 33,000, McMaster welcomes students from 120 countries as well as Canada. The percentage of undergraduates registering with an admission average of 90 per cent and above has risen from 13.5 per cent in 2000 to 44.7 per cent in 2018.
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