(Revised November 2002)
Code: UPEN4D-15-M
Title: International
Financial Markets and Services Version:1
Level: M UWE credit rating: 15 ECTS credit rating: 7.5
Module type: Standard
Owning Faculty: HLSS Field: Economics
Valid from: September 2004 Discontinued from:
Pre-requisites: None
Co-requisites: None
Excluded combinations: None
Learning outcomes:
By the end of this module, the student should be
able to:
·
Understand and evaluate present day financial
services and the institutions providing them in an appropriate historical and
theoretical context (Components A & B)
·
Demonstrate a critical understanding of
the role of financial services in the wider national and global economy
through the systematic application of
economic concepts and ideas and the use of current scholarly commentary
(Components A & B)
·
Offer comprehensive analysis of the structures and workings
of key financial services industries using
the latest research findings and with reference to relevant macroeconomic and
microeconomic theory (Components A & B)
·
Provide a critique of the economic issues relating
to international
developments in financial services, especially in
Syllabus outline:
·
Financial
Markets Services in the World Economy.
·
Theories
and methods: the economic role of financial markets.
·
History and Development of Financial Markets and Services.
·
The
major securities markets; Globalisation in the securities trading; securities
houses and their clients.
·
Comparing financial markets and services:
·
International Financial Regulation.
·
The Euromarkets: Currencies and Bonds.
·
Teaching and learning
methods:
A variety of teaching methods will be employed in
this module. In addition to standard
staff-centred teaching, students will be expected to contribute using their own
research material and experience. Where relevant, video material and contemporary
written source material will also be used to initiate discussion of practical
policy issues. Students will be provided with detailed reading, resources lists
and various materials used throughout the course. Links to other sources will
be made available through on-line learning resources. However, as postgraduate
students, those following this module will also be expected to find and use
alternative material using their own knowledge and initiative. Students will be
expected to put forward, rationalise, substantiate and defend points of view on
controversial matters in class.
Indicative sources:
B Anderton (ed) ,
1995, Current Issues in Financial
Services, Macmillan.
K Dowd (ed) and D Gowland,
1992, Current Issues in Financial and
Monetary Economics, Macmillan.
S L Hays (ed), 1993, Financial Services: Perspectives and Challenges.
Eng M V Lees and L J Mauer,
1995, Global Finance, Harper Collins.
M Piggot & J Cook, 1993,
International Business Economics: A
European Perspective Longman.
A Steinherr (ed), The New European Financial Markets.
Meir Kohn, 2003, Financial
institutions and Markets,
Paul De Grauwe, 1996, International Money,
Journals to be
employed on this module include: Applied Economics; Financial World; Journal of
Finance; Finance and Development; Harvard Business Review; Journal of
International Business Studies etc
Assessment
Weighting between
components A and B (standard modules only)
A: 50% B: 50%
ATTEMPT 1
First Assessment
Component A
Description of each element Element weighting
1. An
in-class written assessment under controlled conditions (2 hours) 50%
Component B
Description of each element Element weighting
1. 2,000
word essay 50%
Second Assessment
Component A
Description of each element Element
weighting
1. An assessment under controlled conditions
(2 hours) 50%
Component B
Description of each element Element weighting
1. 2,000
word essay 50%
SECOND (OR SUBSEQUENT)
ATTEMPT Attendance at taught classes is not
required.
Specification confirmed
by ………………Module approved at VARSC
13.05.04.
Date ……………………………
(Associate Dean/Programme
Director)