Postgraduate Course: Financial Intermediation, Markets and Institutions (CMSE11314)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | This course provides foundation knowledge that is required to give students a broad understanding of financial intermediation, the roles of different types of financial institutions and the structure of financial markets. |
| Course description |
The course provides an integrated overview of both theoretical and practical issues related to the modern financial intermediation business. It covers four central topics. The introductory lecture outlines the role and functions of the financial system and the nature of financial intermediation with a particular emphasis on current issues in banking. The second, the third and the fourth sessions cover the main activities and types of financial institutions/organisations. Lectures 5 to 9 deal with the main types of financial markets. Finally, the last two sessions explore issues regarding the organisational structure of financial institutions and link it with ethics, professionalism and effective management.
Syllabus
Lecture 1: Theory and current issues in financial intermediation
Lecture 2: Depository and Contractual Saving Institutions
Lecture 3: Securities Market and Investment Institutions
Lecture 4: Central banking theory and international regulation
Lecture 5: Money Markets
Lecture 6: Capital Markets: Bond and Stock Markets
Lecture 7: Foreign Exchange and International Financial Markets
Lecture 8: Hedging and Derivatives Markets
Lecture 9: Corporate governance and organisational structures in financial intermediaries
Lecture 10: Ethics and professionalism in financial intermediaries
Student Learning Experience
The learning outcomes will be achieved by information imparted in the lectures, by the discussions and participation in tutorials, by the process of researching information and by writing an essay.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | For Business School PG students only, or by special permission of the School. Please contact the course secretary. |
Course Delivery Information
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| Academic year 2017/18, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Semester 1 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Lecture Hours 20,
Seminar/Tutorial Hours 4,
Formative Assessment Hours 100,
Summative Assessment Hours 2,
Revision Session Hours 1,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
20 )
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| Additional Information (Learning and Teaching) |
Preparation for the tutorials
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| Assessment (Further Info) |
Written Exam
70 %,
Coursework
30 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
The essay should be based on one of the topics posted on Learn. The minimum length is 1,500 words; the maximum length is 2,500 words. Students will work on individual basis. The list of essay topics will be posted on Learn by 4 p.m. on MONDAY 19 SEPTEMBER 2016. Students are required to submit the essay online on Learn by 12 noon on THURSDAY 27 OCTOBER 2016. If you are prevented from submitting your essay by this date, you should contact the Course Organiser and your Personal Tutor. The essay will be marked using the University Taught Postgraduate Common Marking Scheme. The mark will express the overall quality, the accuracy and completeness of the work. Critical insight and originality will be further evaluated.
The final exam consists of 5 open questions. Students should attempt 4 out of 5 questions. The questions will regard one of the topics discussed during the lectures, the tutorials or included in the required readings. The Degree Examination will be held in December 2016. Registry will publish confirmation of the specific date and place before the Exam period begins on the University website. The final exam will be marked using the University Taught Postgraduate Common Marking Scheme. |
| Feedback |
All students will be given at least one formative feedback or feedforward event for every assessment component in the course in time to be useful in the completion of summative work on the course.
Feedback on formative assessed work will be provided within 15 working days of submission, or in time to be of use in subsequent assessments within the course, whichever is sooner. Summative marks will be returned on a published timetable, which has been made clear to students at the start of the academic year.
Feedback will comprise individual feedback on student assignments and overall exam mark feedback in the form of a report. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Main Exam Diet S1 (December) | CMSE11314 Financial Intermediation, Markets and Institutions | 2:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand and critically discuss why financial intermediaries exist.
- Understand and critically discuss the roles and functions of different types of financial institutions.
- Understand and critically evaluate the roles and functions of central banks.
- Understand and critically discuss the structure of financial markets.
- Critically discuss corporate governance arrangements in banks and ethical issues in financial intermediation.
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Reading List
The main textbooks for the course are:
-Casu, B., Giardone, C., Molyneux, P. 2015. Introduction to Banking, 2nd ed.
-Mishkin, F., Eakins, S. (2015): Financial Markets and Institutions. Pearson, 8th ed.
The complete list of readings is available on Learn in a separate document. |
Additional Information
| Graduate Attributes and Skills |
Cognitive Skills
On completion of the course a student will be able to:
- describe the functions of different types of banks including central banks;
- illustrate the role of banking in the financial-services industry;
- describe the structure of different financial markets;
- explain the professional decision-making and the principles of effective management in banking.
Subject Specific Skills
After completing this course, students should be able to:
- comprehend the effects of central bank policies;
- explain the professional ethics in the banking industry and other financial intermediaries |
| Keywords | Not entered |
Contacts
| Course organiser | Dr Davide Mare
Tel: (0131 6)51 5077
Email: |
Course secretary | Miss Ashley Harper
Tel: (0131 6)51 5671
Email: |
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