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ES20070: Money and finance

Follow this link for further information on academic years Academic Year: 2013/4
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 12
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period: Academic Year
Further information on unit assessment Assessment: CW 35%, PR 15%, EX 50%
Further information on supplementary assessment Supplementary Assessment: ES20070 Resit Examination (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this unit you must take ES10002 or take ES10010
Further information on descriptions Description: Aims:
* To provide an introduction to financial markets and their operation;
* To understand the pricing of financial instruments;
* To enable students to understand the links between financial markets and the real economy;
* To demonstrate linkages between economic policy and financial markets.

Learning Outcomes:
At the end of the unit students should be able to:
* analyse the roles of financial markets and financial intermediaries;
* explain how the pricing of financial instruments takes place;
* understand the link between financial markets and economic policy.

Skills:
Use and analysis of economic data; problem-solving; understanding of financial and monetary theory expressed in written form through an examination.

Content:
Financial decision making with risky assets; portfolio diversification; introduction to the CAPM model; interest rate determination; overview of the operation of money markets and how money market instruments are priced; introduction to bond markets; the term structure of interest rates; introduction to derivative markets - futures, options, swaps.
Key texts:
* Howells, P and Bain, K. The Economics of Money, Banking and Finance (4e, Pearson Education, 2008);
* Mishkin, F. S. The Economics of Money, Banking and Financial Markets (Pearson, Addison-Wesley, 2007), 8th edition.
Further information on programme availabilityProgramme availability:
NB. Postgraduate programme information will be added when the postgraduate catalogues are published in August 2013

ES20070 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc (hons) Economics (Full-time) - Year 2
  • UHES-AKB03 : BSc (hons) Economics (Full-time with Thick Sandwich Placement) - Year 2
  • UHES-AFB02 : BSc (hons) Economics and International Development (Full-time) - Year 2
  • UHES-AKB02 : BSc (hons) Economics and International Development (Full-time with Thick Sandwich Placement) - Year 2
  • UHES-AFB01 : BSc (hons) Economics and Politics (Full-time) - Year 2
  • UHES-AKB01 : BSc (hons) Economics and Politics (Full-time with Thick Sandwich Placement) - Year 2
Department of Politics, Languages and International Studies
  • UHPL-AAB10 : BSc (hons) Politics with Economics (Full-time with Study Year Abroad) - Year 2
  • UHPL-AAB10 : BSc (hons) Politics with Economics (Full-time with Study Year Abroad) - Year 4
  • UHPL-AFB10 : BSc (hons) Politics with Economics (Full-time) - Year 2
  • UHPL-AFB10 : BSc (hons) Politics with Economics (Full-time) - Year 3
  • UHPL-AKB10 : BSc (hons) Politics with Economics (Full-time with Thick Sandwich Placement) - Year 2
  • UHPL-AKB10 : BSc (hons) Politics with Economics (Full-time with Thick Sandwich Placement) - Year 4

Notes:
* This unit catalogue is applicable for the 2013/14 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.