Undergraduate Course: Economics of Financial Markets (ECNM10020)

Course Outline
School	School of Economics	College	College of Humanities and Social Science
Credit level (Normal year taken)	SCQF Level 10 (Year 4 Undergraduate)	Availability	Available to all students
SCQF Credits	20	ECTS Credits	10
Summary	Financial markets have an important role in the allocation of resources in market economies. This course provides an introduction to how economists analyse behaviour in financial markets. The course builds on material covered in Topics in Economic Analysis 1 and Essentials of Econometrics, by extending your understanding of the economic analysis of risk, information, intertemporal choice, basic dynamics, and expectations. Much of the reading for the course is advanced, taken from journal articles and graduate level textbooks. The course is aimed at students who are willing to study challenging material, which is the focus of ongoing research activity.
Course description	Not entered

Entry Requirements (not applicable to Visiting Students)
Pre-requisites	Students MUST have passed: Essentials of Econometrics (ECNM10052) AND Topics in Economic Analysis 1 (ECNM10050)	Co-requisites
Prohibited Combinations		Other requirements	If pre-requisites are not met, students must seek permission of the course organiser.
Additional Costs	None

Information for Visiting Students
Pre-requisites	Courses similar to Essentials of Econometrics and Topics in Economic Analysis 1, or permission of the course organiser. Visiting Undergraduates MUST consult the course organiser during the first week of term to discuss pre-requisites.

Course Delivery Information

Academic year 2015/16, Available to all students (SV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 1, Feedback/Feedforward Hours 1, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 172 )
Assessment (Further Info)	Written Exam 80 %, Coursework 20 %, Practical Exam 0 %
Additional Information (Assessment)	A 2 hour degree exam in May/June (80%), coursework (20%). Visiting Students Assessment: assignment (20%), essay (80%).
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S2 (April/May)	Economics of Financial Markets		2:00

Academic year 2015/16, Part-year visiting students only (VV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 1, Feedback/Feedforward Hours 1, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 174 )
Assessment (Further Info)	Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment)	A 2 hour degree exam in May/June (80%), coursework (20%). Visiting Students Assessment: assignment (20%), essay (80%).
Feedback	Not entered
No Exam Information

Learning Outcomes
After successful completion of this course the student will have knowledge and understanding of and insight into key economic issues in financial markets: the economic analysis of risk, information, intertemporal choice, strategic behaviour, and expectations. The course uses and builds on the technical skills developed in in Topics in Economic Analysis 1 and Essentials of Econometrics. Students are expected to develop a rigorous understanding of relevant models, an ability to use and apply them to analyse issues, and a critical appreciation of the limitations of existing models and approaches. The course highlights key intellectual skills, notably: problem-framing and problem-solving skills; critical analysis and assessment; independent thought and critical judgment; and obtaining and processing information from a variety of sources; managing tasks and time.

Reading List
None

Additional Information
Graduate Attributes and Skills	Not entered
Additional Class Delivery Information	1 x 2hr lecture per week. 1 x 1hr feedback session in week 11.
Keywords	EofFM