AC32810 - FINANCIAL MARKETS AND INSTITUTIONS

Module Identifier

AC32810

Module Title

FINANCIAL MARKETS AND INSTITUTIONS

Academic Year

2003/2004

Co-ordinator

Professor Owain M Ap Gwilym

Semester

Semester 1

Pre-Requisite

AC10710

Course delivery

Lecture

16 Hours 2 lectures per week

Seminars / Tutorials

4 Hours

Assessment

Assessment Type	Assessment Length/Details	Proportion
Semester Exam	2 Hours	80%
Semester Assessment		20%

Learning outcomes

On successful completion of this module students should be able to:
* DISCUSS AND EVALUATE THE STRUCTURE, OPERATION AND ROLE OF FINANCIAL MARKETS;

EXPLAIN AND EVALUATE THE RATIONALE FOR THE EXISTENCE OF FINANCIAL INTERMEDIARIES;

DISCUSS AND EVALUATE THE RISKS FACED BY BANKS AND HOW THESE RISKS ARE REGULATED;

ANALYSE THE IMPORTANCE OF BALANCE SHEET MANAGEMENT AND CAPITAL ADEQUACY WITHIN BANKS.

Aims

The primary rationale for this module is to support the progression from the fundamental concepts of financial management as introduced in AC10710 through to the more advanced aspects of corporate finance and investments addressed in AC30420 and AC30520. Further, a broader understanding of finance is achieved by studying the role of financial institutions and banking.

Content

1. Introduction to financial markets
2. Functions and mechanics of major financial markets
3. Principles of banking and financial intermediation
4. Risks and regulation in banking
5. Balance sheet management and securitisation

Reading Lists

Books
** Essential Reading
M Buckle and J Thompson (2000) The UK Financial System 3rd edition. Manchester University Press
** Supplementary Text
D Blake (2000) Financial Market Analysis Wiley
P Howells and K Bain (2000) Financial Markets and Institutions 3rd edition. FT Prentice-Hall

Notes

This module is at CQFW Level 6