Financial markets provide for the efficient allocation of resources within the economy. Through organized and regulated exchanges, people trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand. The financial markets provide businesses and governmental entities access to capital.
This course serves as an introduction to the financial system. It distils and describes the financial system into the financial institutions, financial markets, financial instruments and financial services. The components are given much attention because of the central theme they play – the different players, markets and instruments.
- Provide participants with the relevant knowledge on the financial system;
- Highlight the different financial markets and their components;
- Equip participants on fundamental quantitative skills on pricing of different instruments in the different markets.