Law and Economics of Capital Markets and Financial Intermediation
Semester: Spring 2015
Course ID: 379M
Credit Hours: 3
Unique: 28695
Course Information
Grading Method:
Pass/Fail Allowed (JD only)
Registration Information
Upperclass-only elective
Meeting Times
Day
Time
Location
MON, WED
8:00 - 9:30 am
UTC 1.118
Description
This course uses economic analysis to understand the institutional workings of the securities and investment business and its legal regulation (especially recent developments therein). The main focus of this course is on securities intermediaries -- those who trade, facilitate trade, or manage investments on account of others -- as opposed to primary offerings (which are covered in a typical Securities Regulation class).
Topics include securities trading and market regulation, banking and shadow banking, securitizations and asset-backed securities, broker-dealer duties and conflicts, and investment advisers and investment company regulation. The course utilizes a case study approach, with examples drawn from recent events. The class will be a combination of lecture, class discussion, and student group presentations.
The goal of the course is to ensure that students have a good economic understanding of how and why the law applies to them once they are (or are representing) investment bankers, traders, or investment advisers.
Spindler, James C.