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Unit information: Financial Markets, Institutions and Instruments in 2021/22

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
Pre-requisites

None

Co-requisites

None

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

Description including Unit Aims

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.

Intended Learning Outcomes

Students will be able to:

1. Demonstrate knowledge and understanding of financial history

2. Understand the role of financial systems in growth and development

3. Understand the dual nature of finance as a business discipline and a social science

4. Communicate ideas relating to 1., 2., and 3., in writing.

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

80% Two-hour written exam

20% Group mini project

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. 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.

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