EC1008 Finance

Academic year

2023 to 2024 Semester 2

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

20

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 7

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Availability restrictions

There are no availability restrictions on first-year, visiting, and upskilling students. The module is available to other students studying in second year and above (including direct entrants to second year), but only up to a limit of 200 students in total enrolled on the module. If spaces are available at the end of the main advising period (after Wednesday in Orientation Week), a random ballot will be held for students in second year and above who have enrolled on the module. Any student who is unsuccessful in the ballot will be contacted and asked to choose an alternative module.

Planned timetable

1.00 pm Mon, Tue and Thu

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr J R Cunha

Dr J R Cunha
This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Joao Rafael Cunha

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This module aims to provide an introduction to the economics of money, banking and financial markets. It presents a general overview of key monetary and financial market phenomena, of how key financial and money market institutions operate and the basic workings of financial and money markets. The module is designed to provide students with a general understanding of how financial markets work and the impact of financial markets on the domestic and international economic system.

Relationship to other modules

Pre-requisites

BEFORE TAKING THIS MODULE YOU MUST PASS EC1001 OR PASS EC1002

Assessment pattern

2-hour Written Examination = 50%, Coursework = 50%

Re-assessment

3-hour Written Examination = 100%

Learning and teaching methods and delivery

Weekly contact

Lectures: 3hrs x 10 weeks, Tutorials: 1hr x 6 weeks.

Scheduled learning hours

36

The number of compulsory student:staff contact hours over the period of the module.

Guided independent study hours

164

The number of hours that students are expected to invest in independent study over the period of the module.

Intended learning outcomes

  • Use basic elements of financial math
  • Have a broad grasp of the relationship between risk and return
  • Understand demand and supply models of bonds and money markets and basic comparative statics exercises
  • Have a broad grasp of the main features of the efficient market hypothesis and its implications for the behaviour of financial markets
  • Understand the impact of financial institutions on economic performance
  • Analyse the main objectives of central banks and understand the policy tools and mechanisms available to them