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ES50076: Economics of financial institutions

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
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 100%
Further information on unit assessment Assessment Detail:
  • Coursework 1 (CW 30%)
  • Coursework 2 (CW 70%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
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


  • This unit catalogue is applicable for the 2020/21 academic year only. Students continuing their studies into 2021/22 and beyond should not assume that this unit will be available in future years in the format displayed here for 2020/21.
  • Programmes and units are subject to change 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.
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