Finance // Banking, M&A and Financial Economics
Prof. Mrdjan Mladjan, PhD
The module provides students with a detailed understanding of the contemporary market for corporate control, embedding it in the wider context of modern financial markets, their institutions, and dynamics.
Course 1. Financial Economics
This course uses the toolbox of modern economics to give a deeper understanding of modern financial markets, and understand its link to economic growth. By presenting the historical development of financial markets, it is emphasized that the contemporary system resulted from changes that were frequently initiated by financial crises. The institutions, such as the central bank, are presented with a focus on the role of currencies and currency regimes, in particular on the development of exchange rates.
Course 2. Mergers and Acquisitions
The course starts by presenting the actors and the institutions in the market for corporate control. It then describes the public and private M&A process, with a special emphasis on leveraged buyouts. The uniqueness of the applications of auctions in M&A process and the special requirements of M&A valuation are explored in detail. The course concludes with a study of the effect of the M&A market on the macroeconomy.