This unit introduces the emerging world of cryptocurrencies with an emphasis on the trading and valuation of these assets. Students learn about the mechanics of various blockchains, delve into the economics of crypto-mining, and learn about the critical features of various currencies. The trading infrastructure utilised by these assets is documented, an understanding of their valuation provided, and how these assets can be incorporated into traditional portfolios to add diversification benefits is explored. The unit provides an overview of the regulatory frameworks evolving to deal with cryptocurrencies and explains how initial coin offerings (ICOs) compare to crowdfunding and other traditional raising methods. Several successful ICO's are investigated to build an understanding of how capital is raised and what sorts of projects lend themselves to disruption via the blockchain. Students also explore what future areas cryptocurrencies are likely to disrupt.
Online with workshops augmenting online material (1.5-3 hours per week of effort)
individual assignment (75%); concepts review (25%)