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Unit information: Financial Crises in 2021/22

Unit name Financial Crises
Unit code EFIM30018
Credit points 10
Level of study H/6
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Dr. Park
Open unit status Not open
Pre-requisites

50% in Principles of Finance (EFIM20044)

Co-requisites

None

School/department School of Accounting and Finance
Faculty Faculty of Social Sciences and Law

Description including Unit Aims

This unit starts by describing various types of financial crisis, providing historical illustrations. It goes on to examine explanations of these crises, with particular emphasis on the asset price bubbles and busts which often precede them. The 2007 credit crisis will be analysed in depth, especially the roles of financial engineering and securitization, as exemplified by the proliferation of asset-backed securities such Collateralised Debt Obligations and credit derivatives such as Credit Default Swaps. Finally, it explores the consequences of crises and briefly examines policy issues.

Intended Learning Outcomes

On successful completion of this unit a student will be able to:

  1. Summarise the different types of financial crisis and discuss the main causes thereof
  2. Analyse the causes and consequences of asset price bubbles and bursts
  3. Evaluate and explain the roles of securitization and financial engineering in the crisis of 2007
  4. Provide mathematical analysis of Collateralised Debt Obligations and Credit Default Swaps

Teaching Information

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

Assessment Information

This unit is assessed by two 1,000 word essays, each worth 50% of the total mark. Essay 1 will test ILO 1&2, and Essay 2 will test ILO 3&4.

There will be formative class presentations during the term.

Resources

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. EFIM30018).

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.

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