Financial Instruments and Capital Markets
Undergraduate: Level 5
Thursday 03 October 2019
Saturday 14 December 2019
19 September 2019
Requisites for this module
IA151 or EC111 or IA153
BA L100JK Economics,
BA 5A84 Financial Economics (Including Placement Year),
BA L111 Financial Economics,
BA L118 Financial Economics (Including Foundation Year),
BA L195 Financial Economics (Including Year Abroad),
BSC 0Q64 Financial Economics (Including Placement Year),
BSC L114 Financial Economics,
BSC L117 Financial Economics (Including Foundation Year),
BSC L194 Financial Economics (Including Year Abroad),
BA L108JK Management Economics,
BA L147 Financial Economics and Accounting (Including Placement Year),
BA L148 Financial Economics and Accounting,
BA L149 Financial Economics and Accounting (Including Year Abroad),
BA LN10 Business Economics,
BA LN11 Business Economics (Including Year Abroad),
BA LN12 Business Economics (Including Placement Year)
The module studies financial instruments and the markets on which they are traded.
The module starts with an overview of the activities of financial institutions. It then describes financial intermediation and the problem of bank runs, and looks at ways in which these may be limited through government intervention. This is followed by a detailed study of the main financial markets: the money market, bond market, equity market and various derivatives markets. In relation to each market the module discusses institutional details such as market making and trading on centralised exchanges, valuation, empirical findings and recent experience, especially in the context of the 2007-08 financial crisis. The module concludes with an analysis of the theory and practice of financial regulation, and discusses recent regulatory reforms.
The past three decades have witnessed unprecedented growth in financial and capital markets, especially with the emergence of new financial instruments. The objective of this module is to give an overview of these developments by introducing the basic elements in modern finance and providing an understanding of the organisation of financial markets and the role they play in the economy.
The module provides students with the following employability skills. Academic skills are enhanced through essay-writing, mathematical problem-solving and the use of ICT equipment. Students are encouraged to carry out research and information gathering for term papers and as background reading. External awareness is promoted through discussion of real world issues and learning about financial institutions and regulation. Opportunities to develop professional working skills, including teamwork and presentation skills, are provided through class discussions.
No additional information available.
One two-hour lecture per week in one term.
This module does not appear to have any essential texts. To see non-essential items, please refer to the module's reading list.
Assessment items, weightings and deadlines
|Coursework / exam
||120 minutes during Summer (Main Period) (Main)
Module supervisor and teaching staff
Dr Christoph Siemroth, email: firstname.lastname@example.org.
Lecture and class: Dr Christoph Siemroth
For further information, send an email message to email@example.com.
Prof Aditya Goenka
The University of Birmingham
Available via Moodle
Of 50 hours, 32 (64%) hours available to students:
18 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
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