Economics of Corporate Finance
Undergraduate: Level 5
Monday 13 January 2020
Friday 20 March 2020
20 September 2019
Requisites for this module
EC111 or IA151 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 LN10 Business Economics,
BA LN11 Business Economics (Including Year Abroad),
BA LN12 Business Economics (Including Placement Year)
This course focuses on developments in monetary policy, and its effects, in the context of continuing financial innovations including new forms of transaction media. After an overview of financial systems, including commercial banking, the course examines the nature and implications of financial innovations with emphasis on developments since the 1980s. Commercial banks' asset and liability management is explored with an emphasis on the control of credit and the transmission of monetary policy. The role of central banks in the supervision of the financial sector and the formulation of monetary policy is studied in various institutional contexts, normally including the European Central Bank and the U.S. Federal Reserve Board as well as the Bank of England.
The aim of the course is to introduce students to the evolution of central and commercial bank practices and the institutional environment within which the banking sector operates. Upon successful completion of the course students will have gained an appreciation of the main functions of financial intermediaries in a changing world. In addition, students will have improved their skills in the critical evaluation of existing literature in preparation of a term paper.
The module offers the following employability skills. Academic skills are improved through essay writing (in particular the term paper) and mathematical problem solving. In particular the term paper will improve students' abilities to research and gather information, as well as communicating their ideas and improving their time management.
Year 2 students on BA in Financial Economics and BSc in Financial Economics
1 x 2-hour lecture and one class per week in one term
This module does not appear to have a published bibliography.
Assessment items, weightings and deadlines
|Coursework / exam
||120 minutes during Summer (Main Period) (Main)
Module supervisor and teaching staff
Lectures: Dr Luc Leruth & Ariel Sun / Class: Ariel Sun
For further information, send an email message to firstname.lastname@example.org.
Prof Aditya Goenka
The University of Birmingham
Available via Moodle
Of 34 hours, 32 (94.1%) hours available to students:
2 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
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