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Department of Economics, Unit Catalogue 2011/12

ES50076: Economics of financial institutions

Click here for further information Credits: 6
Click here for further information Level: Masters UG & PG (FHEQ level 7)
Click here for further information Period: Semester 2
Click here for further information Assessment: CW 30%, EX 70%
Click here for further information Supplementary Assessment: ES50076A RESIT EXAM (where allowed by programme regulations)
Click here for further information Requisites:
Click here for further information 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.
Click here for further informationProgramme availability:

ES50076 is Compulsory on the following programmes:

Department of Economics
  • THES-AFM07 : MSc International Money and Banking (Full-time)
  • THES-AFL07 : PG Dip International Money and Banking (Full-time)

NB. Programmes and units are subject to change at any time, in accordance with normal University procedures.