RSM295Y0 Special Topics: History and Design of Financial Institutions

RSM295Y0 is an introductory course on the financial institutions that underpin the modern economic system. It is designed to give students a broad overview of the suite of financial technologies and organizations that have enabled the vast expansion of human welfare over the past 55 centuries without resorting to mathematical proofs of their efficacy. In this course, students will learn about why institutions evolved the way that they did in different parts of the world and will be introduced to some of the recent innovations in each area, including blockchains, microfinance, high frequency trading and notional defined contribution pension systems. This is a course about why, not how, and will include regular classroom discussions regarding some of the issues surrounding the way we organize modern financial institutions. Not eligible for CR/NCR option.

Prerequisites: None.
BR=None. (For BBA students at UTSC, RSM courses typically count as MGT.)
Exclusion: RSM295Y0 Special Topics: History and Design of Financial Institutions in any other location.
RSM295Y0 – 2019 Course Outline

Field Trips: Course excursions will include several local trips to financial institutions in Hong Kong. The course will also include a three-day trip to Shanghai and one-day trip to Shenzhen, where students will have the opportunity visit several financial institutions and organizations. The cost of these field trips is 

  • CAD$1,075, paid to U of T for two night accommodation in Shanghai, roundtrip high speed train transportation from Hong Kong to Shanghai, guides and local transportation.

  • CAD$75, paid onsite for local transportation, meals in Shanghai and tips.

Instructor: William Huggins is an award winning instructor from the University of Toronto where he has taught since 2008 covering courses in financial markets, corporate finance, investments, macroeconomics, and statistics. Since 2013 he has led Summer Abroad courses on financial history in Italy, Germany, China, and England. He is deeply interested in the intersection of finance, geopolitics, and demography as well as ethical issues related to the design of financial institutions.

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