Proficiency with first-year algebra; some knowledge of investment strategy or corporate finance is recommended but not required.
“I had a lot of fun following the market, and StockTrak gave me hands on experience. ” — Alex Mirrer
With an increasing complexity, financial markets exert a powerful presence in our lives and are central to the functioning of our economy. What role does the stock market play and how does it function? What factors govern stock market behavior and lead to market booms and busts? How is the price of a company’s stock determined and how does it affect individual investors? This challenging course introduces the basic financial principles necessary to understand the role of the stock market in our economy and in our personal lives.
Class time is divided between lecture and lab. Participants assume the role of money managers in order to gain an understanding of financial markets as they manage their own portfolio of stocks in a session-long stock market simulation game. Stock options and future contracts are added to the portfolio as the managers gain market expertise. Financial theories presented in class lectures, news of current and world events, and analysis of company reports are incorporated as the new money managers develop strategies to test their understanding of the market for stocks.
Participants are required to bring laptops for this class and, as this is a quantitative course, should be comfortable with math (see prerequisite above) and prepared for a challenging experience.
Gary Tsarsis is a full-time clinical assistant professor at the University of Pittsburgh’s Katz Graduate School of Business and an adjunct at Columbia University. Prior to his migration to academia, he was an institutional foreign equities trader on Wall Street, where his career spanned 29 years. He is also a contributing editor to U.S. News and World Report and provides insight on the financial markets and global capital markets. He holds a B.A. in economics and international relations from New York University and an MBA from the University of Miami and is currently a Ph.D. student specializing in finance and investments at Pace University.