module specification

EC4008S - Financial Markets and Institutions (2017/18)

Module specification Module approved to run in 2017/18
Module title Financial Markets and Institutions
Module level Certificate (04)
Credit rating for module 15
School Guildhall School of Business and Law
Total study hours 150
 
45 hours Scheduled learning & teaching activities
105 hours Guided independent study
Assessment components
Type Weighting Qualifying mark Description
In-Course Test 40%   One classroom test (50 mins)
Unseen Examination 60%   Exam (2 hours)
Running in 2017/18
Period Campus Day Time Module Leader
Spring semester City Friday Morning

Module summary

The module develops an introductory framework for the understanding and analysis of key financial markets and institutions in mature economies.

Module aims

The module aims to :

1. introduce the terminolgy and concepts behind financial markets and institutions;
2. provide an introduction to financial principles, institutions and markets;
3. provide an introduction to financial market data; its uses and interpretation.

The module also aims to develop students' skills, in particular: applied analysis, problem solving, data analysis, literacy and career management.

Syllabus

Organisation and structure of financial institutions and markets
Principles of financial intermediation and regulation
Credit creation, monetary policy and the economy
Asset prices and interest rates
Derivative markets
Debt and equity markets
The market for foreign exchange
Financial databases. Access, interrogation and interpretation of major financial data sources including Bloomberg.

Learning and teaching

The module will provide a two-hour lecture and a one-hour tutorial each week. The students will have access to the Bloomberg Research and Trading Room to support the development of skills and the application of financial knowledge.  

The development of career awareness is promoted within the module by introducing students to career development opportunities such as internships and work experience, job search techniques, employer recruitment strategies, self-presentation together with a review of skills sought by prospective employers. Written presentation including CVs and personal statements, networking, job application, interviews, and inter-cultural communication are also discussed.

Learning outcomes

1. describe contemporary financial institutions and markets and explain the basic financial principles which underlie financial institutions and markets;
2. place financial markets in the context of the wider economy;
3. understand and use financial terminology and interpret basic financial market data.

Assessment strategy

The module will have two elements of assessment: consisting of an in-class test, which will assess knowledge of basic financial principles. In addition there will be a two-hour unseen exam.

Bibliography

Pilbeam, Keith (2010) Finance and Financial Markets, Palgrave MacMillan,3rd edition.
Fabozzi, F.J., Modigliani, F., Jones, F.J. and M.G. Ferri, (2002) Foundations of Financial Markets and Institutions, 3rd edition, Prentice Hall: Upper Saddle River.
Howells, Peter and Bain, Keith (2007). Financial Markets and Institutions, Financial Times Prentice Hall, 5th edition.
Valdez, Stephen and Wood, Julian (2003). An Introduction to Global Financial Markets, Palgrave, 4th edition.
Fabozzi, F.J. and Modigliani, F, (2002) Capital Markets: Institutions and Instruments, 3rdedition, Prentice Hall: Upper Saddle River.
Cuthbertson, K. and Nitzsche, D. (2001) Investments, Spot and Derivative Markets, John Wiley and Sons, Chichester.