ECON 10
Securities Markets and Investment Banking Winter 2022

This is not the current course catalog

Class Details

An overview of the Equities and Fixed Income Markets and the role of Investment Banks. Topics will include: Securities Sales and Trading, Bonds and Bond Math, Public Equities, Private Equity and Leveraged Buy-outs, Mergers and Acquisitions and Risk Management. The class emphasizes real-life practices and will include several expert guest speakers and case studies. The class begins with the basics of financial instruments, time value of money, and asset valuation. We then move on to fundamentals of corporate finance and conclude with financial markets. Course Goals: (1) to provide an understanding of how modern capital markets operate from a practical, real-life perspective (2) to help the student think critically about issues affecting the stock and bond markets, and (3) to have fun and instill a passion for future study and/or work in the Securities Industry. Required Readings: (1) Understanding Wall Street (Fifth Edition) by Jeffrey Little and Lucien Rhodes (2) Packet of Case Studies and Industry Notes (3) Wall Street Journal (Business & Finance section) and the Money Stuff blog on each day that class meets. Group Assignment (Case study): At the end of the first class, students will be divided into Groups. Each group will be assigned a case study to be orally presented to the class for further discussion (slides or other visual aids should be used to help organize the discussion). Each member of the team will be required to have a speaking role.
The Class: Format: lecture
Limit: 30
Grading: pass/fail only
Requirements/Evaluation: short paper and final project or presentation
Prerequisites: none
Enrollment Preferences: statement of interest
Unit Notes: Tim Bock '88 worked at Credit Suisse for 28 years where he ran Global Capital Markets, leading a unit of 250 Investment Bankers responsible for Credit Suisse's global financing businesses, including equity capital markets, debt capital markets, leveraged finance origination and corporate derivatives. Tim held several other leadership roles at CS, including Global Co-head of the Product platform in the Private Bank and Head of Derivatives Origination in the Equity and Fixed Income Departments.
Materials/Lab Fee: $50 for books and materials

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