1. What is financial innovation? Illustrate with two examples how financial innovation has led to the growth of credit and expansion of economic activity.
2. 'Money is what you believe in'. What are the potential consequences of a breakdown in this 'belief'? Explain using examples from podcasts.
3. What is an agency problem? Why does it arise? What mechanisms exist to address the agency problem?
4. The goal of a firm is to maximise profits? Do you agree? Explain.