EC372-6-SP-CO:
Economics of Financial Markets and Intermediation
2018/19
Economics
Colchester Campus
Spring
Undergraduate: Level 6
Current
Monday 14 January 2019
Friday 22 March 2019
15
31 July 2002
Requisites for this module
(EC115 or BE300 or IA156 or MA101) and EC202
(none)
(none)
(none)
(none)
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 L147 Financial Economics and Accounting (Including Placement Year),
BA L148 Financial Economics and Accounting,
BA L149 Financial Economics and Accounting (Including Year Abroad)
The objective of this course is to study the workings of the financial system, as constituted by financial contracts, securities, and markets as well financial intermediaries. We will analyze the reasons why and how money and credit flows from savers to entrepreneurs to create value.
Through a good understanding of the micro-structure of credit flows, students should get a better grasp of the macroeconomic consequences of regulation, monetary, and central bank balance sheet policies. The approach is resolutely analytical and a few simple mathematical models will be covered in class.
In this course students study formal models of financial intermediaries, financial contracts and markets, which allow them to evaluate empirical applications, concerning how financial systems operate and the consequences of regulation and central bank policies. In particular, they: (i) learn what are financial intermediaries and why they exist; (ii) can identify the main banking risks and propose management tools for these risks; (iii) comprehend the implications of on and off balance sheet items; (iv) grasp the implication of regulations on the funding and activities of banks and other intermediaries; (v) learn how to analyze the effects of banking regulation; (vi) understand the importance of liquidity and its determinants.
Other employability skills also include the development of (i) awareness of the operation of financial markets in advanced economies; (ii) clear, concise and well organised answers to assigned questions; (iii) personal time management, target-setting to achieve the timely completion of term assignments and other reading assignments.
No information available.
No information available.
Students who enrol for EC372 are recommended to have taken EC371 (or equivalent).
Compulsory for:
Year 3 Students on BA in Financial Economics and BSc in Financial Economics
2 lectures and one (optional) class per week in one term
This module does not appear to have a published bibliography.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
EC372 Assignment |
|
|
| Exam |
Main exam: 120 minutes during Summer (Main Period)
|
Additional coursework information
Feedback, including a mark, will be provided for each piece of submitted work (assignment essays) via a feedback sheet. Students are also encouraged to discuss draft assignments prior to submission and also marked work following assessment. Feedback is also provided in weekly office hours as well as towards the end of each lecture, when students answer a “quick question” based on the lecture material. A class is held each week to answer exercises on the previous week’s lecture material. Feedback is then provided with answer guidelines for quick questions and exercises posted for students’ consultation in the EC372 ORB. A multiple choice test held during the term enables students to obtain feedback on their progress in gaining a grasp of basic EC372 concepts. Before the final examination feedback is provided on students’ answers to previous years’ examination questions and in revision sessions.
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Prof Piero Gottardi, email: piero.gottardi@essex.ac.uk.
Prof. Piero Gottardi
For further information, send an email message to ueco@essex.ac.uk.
Yes
Yes
No
Prof Aditya Goenka
The University of Birmingham
Chair
Available via Moodle
Of 29 hours, 29 (100%) hours available to students:
0 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
Economics
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