Akash Deep Photo

Akash Deep

Senior Lecturer in Public Policy


This course provides financial concepts, techniques, and instruments that are essential to a variety of applications that include raising debt and equity finance, asset management, climate finance, development finance, financing infrastructure, banking, financial regulation, and risk management. The course emphasizes an intuitive, logically rigorous understanding of the theory and practice of financial markets and institutions, illustrating the concepts through examples and cases drawn from diverse settings. The topics covered in this course include time value, the principle of arbitrage, the trade-off between risk and return, the pricing of stocks and bonds, the term structure of interest rates, market efficiency, derivative securities, risk management, and real options. Case discussions illustrate a wide range of applications including yield curves, green bonds, raising finance, public pension funds, utility regulation, investment funds, currency risk management, weather insurance, privatization for development, banks and deposit insurance, and housing finance and the subprime crisis.