FINANCIAL MARKETS ENVIRONMENT

SHE Level 1
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code M1N325632
Module Leader Chioma Nwafor
School Glasgow School for Business and Society
Subject Finance and Accounting
Trimester
  • A (September start)

Summary of Content

This module provides an introduction to the financial services sector through a study of the role, operation and function of markets and financial institutions in the U.K. considering the environment in which the financial service industry exists. Exploring the theory of financial markets it will raise students' awareness of how financial markets operate and consider the major organisations within these financial markets. Students will also explore the regulation and governance frameworks in the financial services sector. This module has a practical emphasis, contributed to by the nature of the group presentations, and the participation of guest speakers from the industry and academia alike, enabling current issues and developments in the U.K. financial services environment to be examined.

Syllabus

1. Introduction to financial products, financial intermediation, and financial markets; 2. Overview of financial institutions; 3. Bond markets; 4. Stock markets; 5. Financial services job market, qualifications and job application process; 6. Foreign exchange markets (FOREX); 7. Financial service regulation; 8. Understanding the challenges facing consumers in the financial services market; 9. Saving for retirement - the saving problem and individuals' behaviour; 10. Credit rating agencies and credit risk; 11. Islamic finance

Learning Outcomes

On successful completion of this module, the student should be able to:1. Identify and demonstrate an understanding of the main functions of the institutions in the financial sector; 2. Explain the role of the different types of financial markets; 3. Appreciate the relationship between the different components of the financial environment; 4. Demonstrate an understanding of a range of issues affecting consumers of financial services;5. Explain the key issues around themes of international finance including: foreign exchange market, stock market and bond market.

Teaching / Learning Strategy

The module provides a combination of lectures, tutorials, practicals and project based student activity. Presentations from, and interaction with, key figures in the Industry will be an important element. This interaction will be enabled through guest lectures, online presentations and Industry visits. Lectures will be used to develop a theoretical understanding of the topics. Tutorials will be used to develop enhanced knowledge through practical case study research in groups, practical assignments, and debate. Students will be continuously encouraged to read financial press and will be equipped with guidance and tips on how to understand the financial pages of the media. GCU Learn and blended learning tools will enhance the overall students' engagement, learning experience and provide a two-way ongoing feedback between the students and the module leader/tutors. Use of discussion boards on GCU Learn will facilitate the discussion and feedback on assessments. Summative feedback will be used to identify through the module areas for improvement and development of the student. Such feedback will be provided within the GSBS guidelines within 3 working weeks of submission.

Indicative Reading

Core texts: Cechetti, S. G., and K. L. Schoenholtz (2014). Money, Banking and Financial Markets (4 th edition), McGraw Hill. Stoakes, C. (2015). Know the City 2015/16 (2nd edition), Christopher Stoakes Ltd. Recommended Reading: Vaitilingam, R. (2010). FT Guide to using the Financial Pages (6th edition), Financial Times Prentice Hall. Webb, R., and S. Brahma. (2013). Financial Markets and Institutions (1st edition), Pearson. Murphy, D., and M. Devlin. (2009). Banksters, Hachette Books Ireland. Lewis, M. (2015). The Big Short: Inside the Doomsday Machine, W.W. Norton. Online sources: <http://www.ft.com/home/uk> <http://www.bloomberg.com/europe> <http://www.reuters.com/> <http://www.bankofengland.co.uk/Pages/home.aspx> <http://www.fca.org.uk/> <http://www.charteredbanker.com/> <http://moneyweek.com/>

Transferrable Skills

By the end of this module students will have gained competence in the following key areas: 1. Numeracy skills: reflected in calculation elements in tutorials and online test; 2. Using contemporary information and communications technology for the acquisition, analysis and communication of financial information; 3. Communication, including presenting quantitative and qualitative information in a form appropriate to the intended audience; 4. Working with others (such as through small group projects); 5. Learning skills: reflected in use of library and internet activities to support student centered learning; 6. Self management skills: reflected in preparation for class test, seminars and examination.

Module Structure

Activity Total Hours
Tutorials (FT) 12.00
Practicals (FT) 12.00
Assessment (FT) 30.00
Independent Learning (FT) 122.00
Lectures (FT) 24.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 40.00 35% Group Presentation on a selected topic.
Exam (Dept) 01 1.00 60.00 35% Online MCQ Class Test