Itay Goldstein

Current Courses (Fall 2024)

• FNCE9230 - Fin Econ Under Imp Info

  This course covers general equilibrium and rational expectations, foundations of the theory of information; learning from prices in rational expectations equilibrium models, moral hazard, adverse selection, and signaling bidding theories.

  FNCE9230001 ( Syllabus )

All Courses

• FNCE2320 - International Banking

  This course focuses on international financial institutions, especially the activities of global, systemically important banks. We will examine how current and historical events are reshaping the industry and highlight the basic analytics of managing a bank's exposure to liquidity, credit, market and reputational risk. Most classes will begin with discussion of a current event related to course topics. Three team projects will be assigned that will give you deeper exposure to analytic techniques related to the course. Throughout the semester, we will discuss public policy issues facing the international financial system. In addition to course prerequisites, FNCE 1010 is recommended.

• FNCE3990 - Independent Study

  Integrates the work of the various courses and familiarizes the student with the tools and techniques of research.

• FNCE6110 - Corporate Finance

  This course serves as an introduction to business finance (corporate financial management and investments) for both non-majors and majors preparing for upper-level course work. The primary objective is to provide the framework, concepts, and tools for analyzing financial decisions based on fundamental principles of modern financial theory. The approach is rigorous and analytical. Topics covered include discounted cash flow techniques; corporate capital budgeting and valuation; investment decisions under uncertainty; capital asset pricing; options; and market efficiency. The course will also analyze corporate financial policy, including capital structure, cost of capital, dividend policy, and related issues. Additional topics will differ according to individual instructors.

• FNCE7030 - Advanced Corp Finance

  The objective of this course is to study the major decision-making areas of managerial finance and some selected topics in financial theory. The course reviews the theory and empirical evidence related to the investment and financing policies of the firm and attempts to develop decision-making ability in these areas. This course serves as an extension of FNCE 6110. Some areas of financial management not covered in FNCE 6110 are covered in FNCE 7030. These may include leasing, mergers and acquisitions, corporate reorganizations, financial planning, and working capital management, and some other selected topics. Other areas that are covered in FNCE 6110 are covered more in depth and more rigorously in FNCE 7030. These include investment decision making under uncertainty, cost of capital, capital structure, pricing of selected financial instruments and corporate liabilities, and dividend policy.

• FNCE7320 - International Banking

  This course focuses on international financial institutions, especially the activities of global, systemically important banks. We will examine how current and historical events are reshaping the industry and highlight the basic analytics of managing a bank's exposure to liquidity, credit, market and reputational risk. Most classes will begin with discussion of a current event related to course topics. Three team projects will be assigned that will give you deeper exposure to analytic techniques related to the course. Throughout the semester, we will discuss public policy issues facing the international financial system. In addition to course prerequisites, FNCE 6130 is recommended.

• FNCE8990 - Independent Study

  Independent Study Projects require extensive independent work and a considerable amount of writing. ISP in Finance are intended to give students the opportunity to study a particular topic in Finance in greater depth than is covered in the curriculum. The application for ISP's should outline a plan of study that requires at least as much work as a typical course in the Finance Department that meets twice a week. Applications for FNCE 8990 ISP's will not be accepted after the THIRD WEEK OF THE SEMESTER. ISP's must be supervised by a Standing Faculty member of the Finance Department.

• FNCE9120 - Corp Fnce and Fin Instit

  This course provides students with an overview of the basic contributions in the modern theory of corporate finance and financial institutions. The course is methodology oriented in that students are required to master necessary technical tools for each topic. The topics covered may include capital structure, distribution policy, financial intermediation, incomplete financial contracting, initial and seasoned public offerings, market for corporate control, product market corporate finance interactions, corporate reorganization and bankruptcy, financing in imperfect markets, security design under adverse selection and moral hazard, and some selected topics.

• FNCE9230 - Fin Econ Under Imp Info

  This course covers general equilibrium and rational expectations, foundations of the theory of information; learning from prices in rational expectations equilibrium models, moral hazard, adverse selection, and signaling bidding theories.

• Provost’s Award for Distinguished PhD Teaching and Mentoring, 2022

Knowledge at Wharton

• The Future of Financial Technology, Knowledge at Wharton - 12/2/2024
• The Regulatory Challenges of AI in Finance, Knowledge at Wharton - 11/25/2024
• New Phenomena in Behavioral and Social Investing, Knowledge at Wharton - 11/18/2024
• The Future of Banking, Knowledge at Wharton - 11/11/2024
• The Impact of AI on the Finance Sector, Knowledge at Wharton - 6/17/2024
• How Optimal Deposit Insurance Can Help Prevent Bank Runs, Knowledge at Wharton - 6/4/2024
• How Stock Price Volatility in Closely Held Firms Distorts Capital Allocation, Knowledge at Wharton - 4/9/2024
• How Financial Stability Hinges on Bank Business Models, Knowledge at Wharton - 1/30/2024
• How Inflation Affects Consumer Spending | Itay Goldstein, Knowledge at Wharton - 11/28/2023
• How AI-powered Collusion in Stock Trading Could Hurt Price Formation, Knowledge at Wharton - 11/10/2023

Wharton Stories

• Wharton EMBA Students Share How They Benefit from a Bicoastal Program, Wharton Stories - 08/13/2019