The aim of the seminar is to help students understand the mechanisms that make financial institutions important for the economy. Specifically from both a theoretical and an applied perspective, we will investigate the interactions between financial development, short-run business cycles and long-run economic growth & development. The course will also explore the dynamics that shape the institutions of a society's financial structure over the long-run, and study the complexities of financial policy design in the context of integrated global markets. An important final objective of the course will be to familiarize students with current debates on financial markets. In this respect, the course discussions will be motivated by the Global Financial Crisis of 2007/8 and the Eurozone crisis.
Students should have a strong background in money and banking, empirical research methodologies and macroeconomics and bachelor's level mathematical statistics (and/or econometrics). Students who have done their BSc in Tilburg should have taken all relevant courses in finance and banking and macroeconomics, student who have done their BSc elsewhere should have equivalent skills.
The course will consist of lectures, with a detailed schedule to be published later. Students are supposed to prepare for class with compulsory readings and participate actively in class discussions. Grading will be with one group assignment and a final written exam.
Type of instructions2 x 2 hours interactive lectures
Type of examsWritten exam, assignment
- Academic papers. See course outline on Blackboard.