If you find any data displayed on this website that should be amended, please contact the Curriculum Management Team.
Module Title
LM Economics of Financial Markets and Institutions
School
Birmingham Business School
Department
Economics
Module Code
07 40063
Module Lead
Frank Strobl
Level
Masters Level
Credits
20
Semester
Semester 1
Pre-requisites
Co-requisites
Restrictions
None
Exclusions
Description
This module first examines economic theories of financial market behaviour and discusses their empirical relevance. The topics may include the microeconomic foundations of financial economics; portfolio investment decisions, e.g. the Mean-Variance model and Capital Asset Pricing Model (CAPM), as well as more complex pricing models. The module then deals with the theoretical foundations of why banks exist and how they operate, and of why and how banks are regulated. The topics may include the theory of financial intermediation, securitization and other lending techniques, deposit contracts and insurance, bank regulation and supervision, with particular attention paid to recent global developments in banking and bank regulation.
Learning Outcomes
By the end of the module students should be able to:
Explain and appraise recent advances in the foundations of core elements of financial economics.
Critically evaluate selected analytical techniques which form the basis of recent approaches to understanding the behaviour of financial markets.
Explain the theoretical foundations of financial intermediation and critically evaluate the current regulatory framework faced by banks.
Critically evaluate the contribution of financial markets and institutions to economic and social progress, and the supporting role public authorities can play through policy measures and regulation.
Develop analytical, problem-solving, teamworking and individual report writing skills.
Assessment
40063-01 : Individual Report : Coursework (25%)
40063-02 : Group Presentation : Group Assessment - Coursework (25%)
40063-03 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions
Assessment:
(750 word) individual report (25%).
(1000 word equivalent) 7 minute group visual presentation, using powerpoint and/or videos (25%).
1.5 hour exam (50%).
Reassessment:
Resubmission of failed component(s):
(750 word equivalent) individual report (25%).
(750 word equivalent) individual critical reflection on the group visual presentation (25%).
