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ES50076: Economics of financial institutions

Follow this link for further information on academic years Academic Year: 2019/0
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 30%, EX-OB 70%*
Further information on unit assessment Assessment Detail:
  • COURSEWORK* (CW 30%)
  • Open book, 72 or more hours take-home exam* (EX-OB 70%)

*Assessment updated due to Covid-19 disruptions
Further information on supplementary assessment Supplementary Assessment:
ES50076 RESIT EXAM (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions Description: Aims:
To provide an in depth critical evaluation of the relevance and validity of the theory of financial intermediation and assessment of the risks inherent in the management of financial institutions. The unit will also examine the importance of such institutions in a country's economic development and the effectiveness of supervision and surveillance to ensure the financial stability of the economy.

Learning Outcomes:
On successful completion of the unit students should be able to:
* appreciate the importance to the economy of its financial structure (markets and institutions).
* understand and critically evaluate the economic rationale underpinning the operations of banks and similar institutions.
* identify the macroeconomic interface between these institutions and the 'real' economy.
* critically evaluate the importance of regulation and its limits. Skills:Critical awareness of current issues in the economics of operation and regulation of financial institutions. (F/T)
Evaluate the current standing of theories and empirical evidence. (T/F)
Operate effectively both independently as well as within teams and assume leadership roles where appropriate. (F)
The facility to communicate including presenting and marketing themselves and their ideas. (F)

This unit will provide students with the detailed knowledge of the economic theory that is relevant for the understanding of banks and other financial intermediaries and their responses when dealing with complex and unpredictable situations. The institutional and regulatory frameworks, and the importance attached to them, will be examined along with issues surrounding productivity and efficiency.
Further information on programme availabilityProgramme availability:

ES50076 is a Designated Essential Unit on the following programmes:

Department of Economics
  • THES-AFM14 : MSc Applied Economics with Banking & Financial Markets

ES50076 is Optional on the following programmes:

Department of Economics