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ES50076: Economics of financial institutions

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
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 70%
Further information on unit assessment Assessment Detail:
  • EXAM (EX 70% - Qualifying Mark: 35)
Further information on supplementary assessment Supplementary Assessment: ES50076A 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 Compulsory on the following programmes:

Department of Economics
* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* 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.