Descriptif ECO52063
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
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 2 hr 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
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 2 hr essay to complete on the day of the last course.
Langue du cours : Anglais
