Teaching Responsibility
LJMU Schools involved in Delivery:
Liverpool Business School
Learning Methods
Lecture
Workshop
Module Offerings
7002LBSIF-JAN-MTP
Aims
The aim of this module is to examine and understand the key financial and economic concepts and core characterisations of financial markets and institutions. Students will be provided with a traditional lens with which to evaluate financial markets, thus building a robust understanding of the behaviour of the financial and economic environment.
Learning Outcomes
1.
Critically examine contemporary issues within financial institutions and markets.
2.
Research, identify and critically assess the management, regulation and organisation of financial institutions and markets.
3.
Critically analyse the effects of central monetary policy on the financial system.
4.
Critically evaluate the causes and implications of exogenous shocks to the financial system.
Module Content
Outline Syllabus:Financial institutions and markets – debt markets, equity markets, market microstructure (stock and bond issuance, financial exchanges).
Interest rates – theory of asset demand, risk structure of interest rates, term structure of interest rates (interest rate determination, interest rate risk).
Central monetary authorities – monetary policy, central banks (reserve management, monetary transmission mechanisms, quantitative easing).
Banking sector – the role and trajectory of the banking sector, management of banks (banking operations, asset management, capital management, liquidity management).
International finance – foreign exchange markets, conditions of the foreign exchange markets (arbitrage, purchasing power parity, interest rate parity).
Regulation of the financial system – financial crises, implications of regulation (government safety nets, over- and under- regulation, developed and developing nation financial crises).
Alternative financial systems – Islamic banking and finance (financial engineering, governance and regulation).
Module Overview:
The aim of this module is to examine and understand the key characterisations of financial markets and institutions.
The aim of this module is to examine and understand the key characterisations of financial markets and institutions.
Additional Information:This module will give students the necessary knowledge to undertake an evaluation of a financial system. It is largely theory driven but the extant theoretical lenses will be given real world contextualisations.