Module Code: H8FMI
Long Title Financial Markets and Institutions
Title Financial Markets and Institutions
Module Level: LEVEL 8
EQF Level: 6
EHEA Level: First Cycle
Credits: 10
Module Coordinator:  
Module Author: DAVE CORMACK
Departments: School of Business
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Develop an understanding of the international financial system through the analysis of financial markets and financial institutions.
LO2 Evaluate the role of the Central Bank in the global economy and its interaction with financial markets and financial institutions
LO3 Explain the role of financial intermediation in the global economy
LO4 Critically review the role of financial institutions and intermediaries operating in the global economy including the rating agencies
LO5 Evaluate and critically analyse the role of regulation in the financial markets and financial institutions.
LO6 Develop an understanding of the characteristics and terminology of the debt, (including Collateralized Loan Obligation (CLO), collateralised Debt Obligation (CDO)), equity, foreign exchange, derivatives and sovereign markets.
LO7 Identify and explain different financial instruments available in the financial markets.
LO8 Assess the changes undergoing in the financial markets including the rationale for government intervention.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Introduction and Overview of Financial Markets and Institutions- Week 1
• A short history of the international financial systems • Role of financial services in the economy • International Financial Services Centre in Dublin • Globalisation of financial centres and markets
The role of the Central Bank in Financial Markets and Institutions- Week 2
Role of the Central Bank in the global economy and central banking activities
Types of Banks and other Financial Institutions/Intermediaries- Week 2-3
• Definition and overview of types of banks and banking terminology • Role of the Rating Agencies • An explanation of various types of institutions: retail, wholesale, investment banks • Other finance companies: Insurance companies, securities firms, hedge funds, and private equity
Financial Intermediation- Week 3
• Role of financial intermediation. • Introduction to the main types of risks incurred by financial institution • Capital adequacy
Regulation of the Financial Markets and Institutions- Week 4-5
• Rationale for government intervention in the financial sector • Different types of intervention • Legislation, roles of the Financial Services Authority and Securities Exchange Commissions The Basel I, II and III Accords
Financial Markets – Debt- Week 6-7
Identify and explain domestic and international exchanges for money, bond, mortgage, corporate and sovereign debt markets. Outline the characteristics of each market and define the main instruments offered (including Collateralized Loan Obligation (CLO), and Collateralised Debt Obligation (CDO)).
Financial Markets – Equity- Week 8-9
Identify domestic and international stock exchanges and outline the history and role of stock exchanges. Explain the listing process, primary and secondary markets, the trading process of clearing and settlement and fundamental characteristics of equity instruments.
Financial Markets – Foreign Exchange and Derivatives –Week 10-11
• Determination of exchange rates and need for risk management. • Overview of the characteristics of, and participants in, the foreign exchange market • Outline the structure of foreign exchange dealing and define the main instruments offered (forwards, futures, options and swaps)
Financial Risk Management, Innovation and Global Financial Markets- Week 12-13
• Review of key trends such as the credit crunch, risk management and deleverage, Islamic banking and rethinking global banking economic paradigms.
Assessment Breakdown%
Coursework40.00%
End of Module Assessment60.00%

Assessments

Full Time

Coursework
Assessment Type: Assignment % of total: 40
Assessment Date: n/a Outcome addressed: 1,2,3,4,5,6,7,8
Non-Marked: No
Assessment Description:
demonstrate their in-depth understanding of the fundamentals of financial institutions, regulations, and financial instruments used in the financial markets. Through a case study, the students will be presented with a problem solving exercise that requires an understanding of financial institutions, analysis of financial instruments, and justification for any recommendations. Reference to class material, evidence of outside reading and reference to current market data is essential
End of Module Assessment
Assessment Type: Terminal Exam % of total: 60
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4,5,6,7,8
Non-Marked: No
Assessment Description:
End-of-Semester Final Examination
No Workplace Assessment

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 3 Every Week 3.00
Independent Learning Time No Description 211 Once per semester 17.58
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 3 Every Week 3.00
Independent Learning Time No Description 211 Once per semester 17.58
Total Weekly Contact Hours 3.00
 

Module Resources

Recommended Book Resources
  • Stephen Valdez , Philip Molyneux. (2010), An Introduction to Global Financial Markets, 6th. Palgrave.
  • Saunders Anthony and Marcia Millon Cornett. (2004), Financial Markets and Institutions, A Modern Perspective, International. McGraw Hill.
Supplementary Book Resources
  • Abdreas Busch. (2009), Banking Regulation and Globalization, Oxford University Press.
  • Frank J. Fabozzi; Franco P. Modigliani; Frank J. Jones,. Foundations of Financial Markets and Institutions, [ISBN: 978-0-13-135423-4].
  • Cecchetti, S.G.. (2008), Money Banking and Financial Markets, 2nd. McGraw Hill.
  • Matthews, Kent and John Thompson. (2008), The Economics of Banking, 2nd. Matthews, Kent and John Thompson, Wiley.
  • Romesh V. (2005), Using the Financial Pages, 5th. Pearson.
  • Howells, P. and K. Bain. (2007), Financial Markets and Institutions, 5th. Pearson Education.
  • Eyler, R.. (2010), Money and Banking, Routeledge.
  • Lewis, M. (2010), The Big Short, Penguin.
This module does not have any article/paper resources
This module does not have any other resources
Discussion Note: