The course is designed to present students with an alternate lens on finance by extending the theoretical models and lessons of classical finance. This course will provide a fresh view on what may change and what may not. The class will revisit classic economic theories, how they may be changing, and potentially new economic theories and results. Innovations in the payments system, an integrally important part of the financial system, such as blockchain (the Bitcoin backend) will be dissected. Ways of acquiring financial information, such as Social Media, will be examined. High Frequency and Algorithmic Trading will also be examined from a market welfare perspective.
Prerequisites: COMM 121 and COMM 122
Restrictions: This course is restricted to students enrolled in the 3rd or 4th year of the Commerce Program.