1. BNAD 301 Global and Financial Economics & Strategies

2. Welcome to BNAD 301

3. Before we get started Syllabus Syllabus Syllabus My email: msamano@email.arizona.edu My email: msamano@email.arizona.edu Blackboard Blackboard Blackboard The class will be from 1:00pm to 3:50pm, with a break of 20 minutes (JUST 20min) at 2:10pm. The class will be from 1:00pm to 3:50pm, with a break of 20 minutes (JUST 20min) at 2:10pm.

4. Last day of registration for credit Tuesday Dec 22 Last day of registration for credit Tuesday Dec 22 Christmas Holidays – no class Thursday- Friday Dec 24 – 25 Christmas Holidays – no class Thursday- Friday Dec 24 – 25 New Year’s Day – no class Friday Jan 1st. New Year’s Day – no class Friday Jan 1st.

5. Grades and Exams The terrible news: The terrible news: There will be three exams: two midterms and one final (cumulative). There will be three exams: two midterms and one final (cumulative). If you miss an examination you must contact me before or immediately after the exam. If you have a VALID reason for missing the exam, your grade on the final will replace the grade from the missed exam, otherwise you will receive zero. If you miss an examination you must contact me before or immediately after the exam. If you have a VALID reason for missing the exam, your grade on the final will replace the grade from the missed exam, otherwise you will receive zero.

6. More terrible news Homeworks and in-class work40% Homeworks and in-class work40% Midterm 120% Midterm 120% Midterm 220% Midterm 220% Final Exam (cumulative)20% Final Exam (cumulative)20% Project 1 Tuesday Dec 29th Project 1 Tuesday Dec 29th Midterm 1Wednesday Dec 30th Midterm 1Wednesday Dec 30th Midterm 2Wednesday Jan 6th Midterm 2Wednesday Jan 6th Project 2 Monday Jan 11th Project 2 Monday Jan 11th Final ExamTuesday Jan 12th Final ExamTuesday Jan 12th

7. Just a reminder All exams and quizzes are closed- book and closed-note. Cheating will NOT be tolerated. Anyone caught cheating or attempting to cheat on any exam or quiz will fail the class. All exams and quizzes are closed- book and closed-note. Cheating will NOT be tolerated. Anyone caught cheating or attempting to cheat on any exam or quiz will fail the class.

8. Lecture Notes The course is self-contained: The course is self-contained: This means that if you come to class everyday and pay attention to really understand the concepts and do some work at home on your notes you will get an A in this course. This means that if you come to class everyday and pay attention to really understand the concepts and do some work at home on your notes you will get an A in this course. No book is required. Most of my presentations on ppt will be available on Blackboard. So you only have to take complementary notes about my slides. No book is required. Most of my presentations on ppt will be available on Blackboard. So you only have to take complementary notes about my slides.

9. That should be enough material to do well in the exams. That should be enough material to do well in the exams. However, if you want to have a textbook as reference I recommend Financial Economics by Bodie, Merton and Cleeton. However, if you want to have a textbook as reference I recommend Financial Economics by Bodie, Merton and Cleeton.

10. More boring details Office Hours Office Hours After class After class Or by appointment. We can meet also before class but send me an email first. Or by appointment. We can meet also before class but send me an email first.

11. A very important thing Feel free to ask questions about the course material. Feel free to ask questions about the course material. Also feel free to use the office hours so you don’t let all your questions for the review sessions before the exams. Also feel free to use the office hours so you don’t let all your questions for the review sessions before the exams.

12. Contents of the course 1. Strategic Behavior 1. Strategic Behavior Demand and supply Demand and supply Market structures Market structures Normal form games Normal form games 2. Financial Markets I 2. Financial Markets I Financial markets and institutions Financial markets and institutions Allocating resources over time Allocating resources over time Project sensitivity analysis Project sensitivity analysis

13. 3. Financial Markets II 3. Financial Markets II Market valuation Market valuation Bonds Bonds Risk Risk Futures Futures Options Options