| Unit name | Financial Markets, Institutions and Instruments |
|---|---|
| Unit code | EFIM10029 |
| Credit points | 20 |
| Level of study | C/4 |
| Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
| Unit director | Dr. Pratobevera |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) |
None |
| Units you must take alongside this one (co-requisite units) |
None |
| Units you may not take alongside this one |
N/A |
| School/department | School of Accounting and Finance - Business School |
| Faculty | Faculty of Social Sciences and Law |
The unit provides an introduction to institutional and applied aspects of finance, it’s historical evolution, and the link between the financial sector and the “real” economy.
This unit consists of three components:
1) Financial institutions, markets and participants;
2) Financial history; and
3) Finance and growth.
As a foundation to all subsequent units in the programme, the first component will explain the role of the financial sector, describe the participants in financial markets and explain their interaction with financial institutions. Then the unit will turn to financial history to provide a context and an understanding of how financial institutions have evolved. The third section of the unit will describe and explain the role of finance, financial markets and institutions in growth and economic development.
1. The institutions of Finance: Market vs bank-based systems. Banks and other financial intermediaries; Financial exchanges and their regulation; Informational asymmetries and how different financial systems cope with them; Internal vs external sources of finance; and costs to going public; bond and equity markets; How trading is conducted; Derivative assets; Venture capital and private equity; Collective investment vehicles; Introduction to Corporate Governance and Ethics.
2. Financial history: The historical development of lending and its regulation; Types of financial innovation. Securitization; Bubbles and financial crises; The Financial Crisis of 2007-08. The “New Normal” since: QE, low growth.
3. Finance and growth: The role of the financial system in growth and economic development.
Students will be able to:
1. Demonstrate knowledge and understanding of the financial system and its historical evolution
2. Explain the role of financial systems in growth and development
3. Explain the dual nature of finance as a business discipline and a social science
4. Apply unit knowledge to analyse and evaluate practical situations in financial markets
5. Effectively communicate ideas relating to 1., 2., 3., and 4. in writing
Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities
80% Two-hour written exam
20% Group mini project (students that miss the group mini project will be assessed with a replacement individual assignment)
Each assessment covers all learning outcomes
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM10029).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the Faculty workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an
assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
