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FiMa Lecture I
FiMa Lecture I
Vesa Puttonen
Spring 2024
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Course objectives
• Understanding the workings of financial markets and
institutions
– Commercial banks, central banks, investment banks
– Funds, insurance companies, financial innovations
– Which economic phenomena create the observed structure and
design of markets, institutions and products
• Understanding various facets of this and previous crises
– Crises in developed and emerging markets
– Regulation
• Students will be able to read and comprehend banks’ annual
reports and the articles of Financial Times.
→ Linking together arguments, understanding current
debates and challenges; almost no math / equations
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Course overview
Date Topic Mishkin& Eakins
Jan 10 Introduction to the course (I)
Introduction to the financial system (II) Ch 1, 2, 7
Jan 12 The global financial crisis 2008 – (III)
“Inside job” ^ 8
Jan 17 Fixing the financial system
European Capital Markets Union (IV) 9, 10
Jan 19 Central banks (VI)
Jan 24 Fundamentals of financial institutions and
commercial banking (V) 7, 17
Jan 26* Sauli Vilén, Inderes
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^ Before the lecture watch ”Inside job” (2010 Full Documentary)
movie (Netflix)
Course overview
Date Topic Mishkin& Eakins
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Course materials
• Course book not required in the exam but you may use
it as supplementary material
• Mishkin, F.S. and S.G. Eakins (2018/2016/2012): Financial
Markets and Institutions, Pearson (global edition)
• Chapters as indicated in the course overview
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Reading list
• Aktia, Q3 Interim Report January-September 2023.
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Grade
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Workload
• Lectures, 24 h
• Class preparation, 22 h
• Case and term paper preparation, 50 h
• Exam preparation, 60 h
• Exam (February 20, 2024 at 13-16 & April 8, 2024 at 16-
19)
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Case: ESG FUNDS
Guidelines:
• Max. 20 Power Point slides (the contents - references & cover pages may come on top of this)
• Please follow the style (font size, graphics) of the downloaded example presentation (Goldman
Sachs).
• Submit ONE report per group (put your NAMES on the cover page)
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Case (group work)
• Why ppt slides?
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Submission and grading policy
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Scholastic honesty and academic
integrity
• I expect adherence to highest standards of scholastic
honesty
• Examples of scholastic dishonesty are
• Presenting answers as own work without proper citation to the
sources (plagiarism)
• Sharing answers during the final exam
• All case work is to be done by the students that submit
the work
• Co-operation in preparing the case between groups (or
individuals not belonging to the same group) is strictly prohibited
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Contact information
https://www.aalto.fi/en/department-of-finance/vesa-puttonen
@InvestmentTraps
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