Course Details
Behavioural Finance and Public Policy
Dates will be avalible shortly
Professional Development
Accounting / Finance
Victoria University Professional and Executive Development
Rutherford House, 23 Lambton Quay, Wellington City
Full Day
9:00am - 4:30pm
9:00am - 4:30pm
$914.25
Early Bird Fee Payment until 30/06/11 $822.83
Early Bird Fee Payment until 30/06/11 $822.83
Overview:
Behavioural finance attempts to provide better understandings of the current financial markets and their behaviour. It gains insights from psychology, sociology and other disciplines to enrich traditional financial economics. An important point made in this course is that financial markets tend to be inefficient in many important ways. The conventional view is that markets are efficient and that regulation damages economy and society. This has important implications for analyses and public policy makers.
This one-day course will explain the essentials of behavioural finance and give you the opportunity to analyse and examine important issues such as savings behaviour, financial bubbles and crashes, investments in ethical funds, Ponzi frauds and market inefficiencies.
Who should attend:
This course is suitable for public and private sector policy analysts, journalists, accountants, consumer analysts and others with an interest in financial markets.
Although it is assumed that participants have some reasonable level of financial literacy, this is aimed at a general audience.
Learning objectives:
• Gain exposure to behavioural finance
• Advanced understanding of the relationship between Behavioural Finance and Public Policy
• Gain a better understanding of decision making on financial markets
• Understand efficient and inefficient markets
• Appreciate why financial bubbles arise and why bubbles burst.
Course outline:
• What is Behavioural Economics?
• What is the Efficient Market Hypothesis?
• Are individuals irrational?
• Financial markets are inefficient.
• How financial investments take place.
• Follow the leader (herding and investment behaviour).
• Saving and pensions (why people don’t save for tomorrow).
• Animal spirits.
• Bubbles and busts.
• Understanding rational frauds and greed in financial markets.
• Public Policy and Behavioural finance
Course format:
This is an interactive one-day course with a maximum of 16 participants. You will be provided with materials to support your learning. There will be the opportunity to ask questions, examine and consider issues that that you consider of importance.
Behavioural finance attempts to provide better understandings of the current financial markets and their behaviour. It gains insights from psychology, sociology and other disciplines to enrich traditional financial economics. An important point made in this course is that financial markets tend to be inefficient in many important ways. The conventional view is that markets are efficient and that regulation damages economy and society. This has important implications for analyses and public policy makers.
This one-day course will explain the essentials of behavioural finance and give you the opportunity to analyse and examine important issues such as savings behaviour, financial bubbles and crashes, investments in ethical funds, Ponzi frauds and market inefficiencies.
Who should attend:
This course is suitable for public and private sector policy analysts, journalists, accountants, consumer analysts and others with an interest in financial markets.
Although it is assumed that participants have some reasonable level of financial literacy, this is aimed at a general audience.
Learning objectives:
• Gain exposure to behavioural finance
• Advanced understanding of the relationship between Behavioural Finance and Public Policy
• Gain a better understanding of decision making on financial markets
• Understand efficient and inefficient markets
• Appreciate why financial bubbles arise and why bubbles burst.
Course outline:
• What is Behavioural Economics?
• What is the Efficient Market Hypothesis?
• Are individuals irrational?
• Financial markets are inefficient.
• How financial investments take place.
• Follow the leader (herding and investment behaviour).
• Saving and pensions (why people don’t save for tomorrow).
• Animal spirits.
• Bubbles and busts.
• Understanding rational frauds and greed in financial markets.
• Public Policy and Behavioural finance
Course format:
This is an interactive one-day course with a maximum of 16 participants. You will be provided with materials to support your learning. There will be the opportunity to ask questions, examine and consider issues that that you consider of importance.
Teacher:
Morris Altman is Professor and of Head of School, Economics and Finance, Victory University of Wellington. He is a former visiting scholar at Canterbury, Cornell, Duke, Hebrew, Stirling and Stanford and was Elected Visiting Fellow at St. Edmund�s College, Cambridge. He was Professor of Economics at the University of Saskatchewan, serving as elected Head from 1994 to 2009. Altman was President of the Society for Advancement of Behavioral Economics (SABE) from 2003 to 2006 and was President of the Association for Social Economics (ASE) in 2009, and is Editor of the Journal of Socio-Economics (Elsevier Science). Altman has also been selected for the Marquis Who's Who of the World.
Altman has published over eighty refereed papers on behavioural economics, economic history and empirical macroeconomics and three books in economic theory and public policy and has made well over 100 international presentations on these subjects and is actively researching in behavioural economics with an important theoretical and applied emphasis on choice behaviour and institutional frames.
Morris Altman is Professor and of Head of School, Economics and Finance, Victory University of Wellington. He is a former visiting scholar at Canterbury, Cornell, Duke, Hebrew, Stirling and Stanford and was Elected Visiting Fellow at St. Edmund�s College, Cambridge. He was Professor of Economics at the University of Saskatchewan, serving as elected Head from 1994 to 2009. Altman was President of the Society for Advancement of Behavioral Economics (SABE) from 2003 to 2006 and was President of the Association for Social Economics (ASE) in 2009, and is Editor of the Journal of Socio-Economics (Elsevier Science). Altman has also been selected for the Marquis Who's Who of the World.
Altman has published over eighty refereed papers on behavioural economics, economic history and empirical macroeconomics and three books in economic theory and public policy and has made well over 100 international presentations on these subjects and is actively researching in behavioural economics with an important theoretical and applied emphasis on choice behaviour and institutional frames.