|| AC32820 |
|| FINANCIAL MARKETS AND INSTITUTIONS |
|| 2007/2008 |
|| Professor Owain M Ap Gwilym |
|| Semester 1 |
|| AC10710 |
| Course delivery
|| Lecture || 20 Hours. |
|| Seminars / Tutorials || 5 Hours. |
|Assessment Type||Assessment Length/Details||Proportion|
|Semester Exam||2 Hours ||80%|
|Semester Assessment|| 2,000 word essay||20%|
|Supplementary Exam||2 Hours ||100%|
Learning outcomesOn 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 evalute the risks faced by banks and how these risks are regulated.
Analyse the importance of balance sheet management and capital adequacy within banks.
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.
1. Introduction to financial markets.
2. Functions and mechanics of major financial markets.
3. Principles of banking and financial intermediation.
4. Risk and regulation in banking.
5. Balance sheet management and securitisation.
** Recommended Text
Buckle, M. J. (c2004.) The UK financial system :theory and practice /Mike Buckle and John Thompson.
4th ed.. Manchester University Press 0719067723
** Supplementary Text
Blake, David (2000.) Financial market analysis /David Blake.
2nd ed.. Wiley 9780471877288
Howells, P and K Bain (2007) Financial Markets and Institutions
5th edition. FT Prentice Hall
Rutterford, Janette (June 2007) An Introduction to Stock Exchange Investment
3rd ed.,Revised. Palgrave Macmillan 9780333778029
Valdez, Stephen (Dec. 2006) An Introduction to Global Financial Markets
5th ed.,Revised. Palgrave Macmillan 9780230006355
This module is at CQFW Level 6