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Unit information: Introduction to the microeconomic foundations of banking in 2021/22

Unit name Introduction to the microeconomic foundations of banking
Unit code EFIMM0051
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Dr. Tobias Dieler
Open unit status Not open




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

Description including Unit Aims

The objective of this module is to familiarize students with the banking industry and provide them with the analytical skills to critically assess banking from both a regulator’s perspective and a banker’s perspective. This is achieved by covering the following topics both descriptively and theoretically: How is a bank different from a real firm?; What are the different types of banking?; Which services do banks provide to its customers and to the economy as a whole?; The role of information in banking.; What is the role of central banks?; How can banks be regulated to maximize social welfare?; What is the risk/negative externality of an insolvent bank?

Intended Learning Outcomes

On completion of this unit students should be able to (inter alia):
1.Demonstrate a comprehension of principal features of the banking industry;
2.Demonstrate a critical awareness of the role of banks for different stakeholders and the economy as whole;
3.Critically reflect on and discuss the role of the government, regulation, and government interventions into financial systems;
4.Use the analytical tools provided by information economics to critically assess past and upcoming institutional features in the banking industry.

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 will be assessed by group coursework 40% and exam 60%


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.

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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.

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.