Contact
Associate Professor, Alberta School of Business - Department of Finance
- akaul@ualberta.ca
- Phone
- (780) 492-5027
- Address
-
2-32M Business Building
11203 Saskatchewan Drive NWEdmonton ABT6G 2R6
Overview
About
Education
BA Economics, Delhi University, 1985
MBA, Delhi University, 1987
MS Applied Economics, University of Rochester, 1992
PhD, University of Rochester, 1998
Research
Research Interests
- Market Microstructure
- International Finance
- Asset Pricing
- Volatility in Financial Markets
Teaching
Primary Teaching Areas
- Introductory Finance
- Market Microstructure
- International Fiance
- Investments
Classes
- Finance 442 - International Financial Markets
- Finance 644 - International Finance
Courses
FIN 415 - Trading and Financial Markets
This course will discuss the functioning of global financial markets and trading and price determination in these markets. Topics covered will include order submission and trading strategies, market structure, transaction cost and liquidity measurement, price formation, and technical analysis. The lectures will draw on academic and practitioner research as well as information from financial markets. Prerequisites: FIN 301, FIN 412, MGTSC 312.
FIN 442 - International Financial Markets
An overview of the international financial environment and the financial function in the multinational corporation. Its purpose is to provide decision-making skills in international money and capital markets. Prerequisite: FIN 301.
FIN 615 - Trading and Financial Markets
This course will discuss the functioning of global financial markets and trading and price determination in these markets. Topics covered will include order submission and trading strategies, market structure, transaction cost and liquidity measurement, price formation, and technical analysis. The lectures will draw on academic and practitioner research as well as information from financial markets. Prerequisite: FIN 501 or FIN 503. It is recommended the student have credit in FIN 614.
FIN 806 - Investments
This course is concerned with investment in stocks, bonds and other financial assets. Topics include, but are not limited to, interest rates, risk-return relationships, investment valuation, and market information and efficiency. Restricted to students registered in the MFM Program.
FIN 830 - Finance
Understanding valuation, capital markets, venture capital, international markets, and corporate risk management. Restricted to Executive MBA students only.
FIN 866 - International Finance
The objective of this course is to acquaint students with macro and micro aspects of international finance. At the macro level coverage will include theories of direct investment, the international monetary mechanism, foreign exchange markets, and repercussions from balance of payments difficulties. Micro level materials will include problems of doing business internationally and a survey of public and private foreign and international finance institutions. The final part of the course will review Canada's role in international business. Restricted to students registered in the MFM Program.
Scholarly Activities
Research - Publications
"Exchange rate variability and the riskiness of U.S. multinational firms: Evidence from the breakdown of the Bretton Woods system," with G.M. Bodnar (Wharton) and E. Bartov (NYU), Journal of Financial Economics, 42, 105-132 (September 1996).
Research - Research In Progress
"Inelastic supply of derivative securities: Evidence from the option markets," with R.M. Edelen (Wharton).
"Demand curves for stocks do slope down: Evidence from an index weights readjustment," with V. Mehrotra and R. Morck (University of Alberta).
"Market activity before volatile periods: A reassessment of the non-trading risk hypothesis."
"Private Information, Noisy Prices, and Trading: A Closer Look."