Back
| Semester | fall semester 2024 |
| Course frequency | Every fall sem. |
| Lecturers | Aleksander Berentsen (aleksander.berentsen@unibas.ch, Assessor) |
| Content | In monetary economics and finance, the key issues are the role of liquidity, the frictions that make money essential, and the role of credit and financial intermediation for the economy. In this colloquium, we use this knowledge to study Decentralized Finance (DeFi). The term DeFi refers to a rapidly expanding novel financial infrastructure built on top of blockchains such as the Ethereum blockchain. DeFi does not rely on intermediaries and centralized institutions. Instead, it is based on permissionless protocols and decentralized applications (DApps). The promise of this novel technology is to create a financial infrastructure that is more open, interoperable, and transparent in comparison to the existing financial infrastructure. The basic idea of the colloquium is to identify the building blocks of a financial system. Which services does a financial system need to be complete (to satisfy all potential financial needs of users)? We will explore this question by studying DeFi where these financial primitives are being developed as we speak. The twist of the colloquium is that we want to learn to be 'our own banker.' We will learn to use DeFi protocols without intermediaries -- even without a user interface. For this purpose, we will learn how to use these protocols by directly interacting with smart contracts using Python. |
| Course application | 1. The number of participants is limited to 20. 2. Please register for the course and the subsequent assignment via this link here https://adam.unibas.ch/goto.php?target=crs_1621037_rcodeuGxQfqrYpk&client_id=adam from 01.08.24 - 16.09.24. Please make sure that you are registered for the fall semester and have paid the semester fees before you register for this course. Eucor-/ Mobility students and students from other Swiss Universities/ FHs must then also register with a special course registration sheet at the Studiensekretariat (Student Administration Office). Detailed information can be found on the homepage: https://www.unibas.ch/en/Studies/Mobility.html 3. You will be notified on 17.09.2024 by Email if you have NOT been admitted to the course. 4. A deregistration is possible until 23.09.24 at the latest by email to studiendekanat-wwz@unibas.ch 5. Your registration will be entered in your Online Services only after the official deadline of the course registration period, i.e. after October 14, 2024. 6. The following applies to everyone: enrollment = registration for the exam/assignment! In case of non-participation after registration it will be noted as "nicht erschienen" in the transcript. |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Wednesday | 08.15-10.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Comments | Overall there will be a total of 6 meetings - approximately every second week. The exact dates will be announced at the beginning of the semester. |
| Modules |
Module: Field Electives in Finance and Money (Master's Studies: Finance and Money) Module: Finance Field: Monetary Economics and Macrofinance (Master's Studies: Finance and Money) Module: Specific Electives in Finance, Controlling, Banking (Master's Studies: Business and Economics) Specialization Module: Areas of Specialization in International and/or Monetary Economics (Master's Studies: International and Monetary Economics) |
| Assessment format | record of achievement |
| Assessment details | Your tasks will be to develop six Jupyter notebooks, where each notebook is dedicated to a particular financial primitive such as trading or borrowing and lending. The grading will be based on these notebooks and your presentations of these notebooks. |
| Assessment registration/deregistration | Registration/deregistration: teaching staff |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |