Module details
EC247-5-AU: FINANCIAL INSTRUMENTS AND CAPITAL MARKETS
Year: 2013/14
Department: Economics
Essex credit: 15
ECTS credit: 7.5
Available to Study Abroad / Exchange Students: Yes Pre-requisites: IA151 OR EC111 OR IA153
| Staff |
| Supervisor: |
Mr Ioannis Litsios |
| Teaching Staff: |
Mr Ioannis Litsios |
| Contact details: |
For further information, send an email message to ueco (Non essex users should add @essex.ac.uk to create the full email address). |
| Module is taught during the following terms |
| Autumn |  | Spring |  | Summer | |
Module Description
The last three decades have witnessed unprecedented growth in capital and financial market institutions, especially with the emergence of new financial instruments. The objective of this module is to give a historical perspective of these developments with a view to understanding the structural organisation of financial market institutions and the role they play in economy and to introduce the basic concepts in modern finance. The course begins with an overview of the financial system; followed by a detailed study of financial markets, e.g. stock market, bond market, commodity and futures market. Financial institutions are then presented and institutional details such as market making and price setting on centralised exchanges are covered. The course concludes with an analysis of the drive towards the changes in regulatory practices and globalisation.
The course aims to provide students with an overview of the main financial instruments and institutions. Students who successfully complete the course will be able to demonstrate an awareness of modern financial instruments and institutions and will be able to comment on policy issues that affect the economic environment in which the institutions operate. Students who participate in class discussions will have enhanced their key skills in summarising and the critical evaluation of material covered in the course.
Learning & Teaching Methods
2 lectures and one class per week in one term
Assessment
Whichever is the Greater:
EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark
OR 100 per cent Exam Mark
Coursework:
Term paper maximum word limit: 3,000 words.
Exam Duration and Period
2:00 hour exam during Summer Examination period.
Other information
Compulsory for:
Year 2 students on BA in Financial Economics and BSc in Financial Economics
Bibliography
- Frederic S. Mishkin & Stanley G. Eakins, Financial Markets and Institutions, 6th edition, Pearson Higher Education, 2008
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Complementary Reading:
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Peter Howells & Keith Bain, Financial Markets and Institutions, 5th Edition, Financial Times Press, 2007
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Peter Howells & Keith Bain, The Economics of Money, Banking and Finance, 4th Edition, Financial Times Press, 2008
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Money and Capital Markets: Financial Institutions and Instruments in a Global Marketplace, 10th Edition, McGraw-Hill, 2008
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Financial Institutions, Markets and Money, 10th Edition, John Wiley and Sons, 2008
Further information
External Examiner Information
- Name: Dr Marco Ercolani
- Institution: THE UNIVERSITY OF BIRMINGHAM
- Academic Role: Lecturer
Should you have any queries about the Module Directory pages, please contact the Course Record Team, Systems Administration Office, Academic Section; email: crt (non Essex users should add @essex.ac.uk)