- Department: Economics and Related Studies
- Credit value: 20 credits
- Credit level: H
- Academic year of delivery: 2024-25
- See module specification for other years: 2023-24
This module advances students' understanding of the structure and regulation of financial markets.
Pre-requisite modules
Co-requisite modules
- None
Prohibited combinations
- None
Occurrence | Teaching period |
---|---|
A | Semester 2 2024-25 |
This module is designed to advance students' understanding of the important role played by financial markets in facilitating the flow of funds in an economy. It discusses how information asymmetries may cause a disruption to the flow of funds and form a rationale for financial regulation, introduces students to the accelerator mechanisms in financial markets and examines financial crises. In doing so, the module makes frequent reference to the relevant contemporary issues in economics and finance.
On completing the module students will be able to:
Recognize the importance of banks and financial markets in the economy
Describe the nature of asymmetric information and its implications
Explain the emergence of financial crises
Appreciate the reasons for financial regulation
Understand the role of central banks in banking and financial markets
Task | % of module mark |
---|---|
Closed/in-person Exam (Centrally scheduled) | 75 |
Essay/coursework | 25 |
None
Task | % of module mark |
---|---|
Closed/in-person Exam (Centrally scheduled) | 75 |
Feedback will be provided in line with University policy
Spencer, P. D. (2000). The Structure and Regulation of Financial Markets, Oxford University Press.
Mishkin, F. (2013).The Economics of Money, Banking & Financial Markets (European Edition), Harlow: Pearson.