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University of Michigan Business School


BA855 will meet every Thursday from 7:00 to 10:00 p.m. in D0235 during the Fall 2001 term. The first class meeting is September 6th.

Course Objective:

BA855 is designed to provide incoming Ph.D. students with a broad overview of Finance as an academic discipline. The course will survey a number of topics in financial economics, including asset pricing, corporate finance, market microstructure, and financial intermediation. It will cover some of the basic theories as well as some of the empirical evidence related to each topic. The course will primarily be taught by two instructors, but faculty members other than the primary instructors will occasionally lecture on topics within their field of expertise. Since the purpose of this course is to give students a coherent view of the entire discipline, the emphasis of the lectures will be on interconnections between the various topics that make up financial economics.

Course Materials

Some of the class notes and other documents that we will use in BA855 are available here. Some of the materials are in Adobe Acrobat (PDF) format. If you want to download the Acrobat reader (a program that allows you to view and print PDF files), you can get it free at Adobe's web page.

Updated version of the entire set of notes


Tyler Shumway
Office: 6209 Business Administration
Phone: (734) 763-4129
Fax: (734) 936-0274