Equity markets

This unit examines equity markets from the perspective of financial economics. It emphasises the importance of efficient equity markets for well-functioning economies and aims to introduce you to the basics of efficient market design. You will develop an in-depth understanding of how equity markets function, the contrasting motivations of market participants, and state-of-the-art developments in market design. It also covers an overview of market microstructure theory and contrasts various market structures employed in Australia and abroad, but with particular attention paid to Australia’s equity markets.