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ECON8005 - Global Financial Economics

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Title:Global Financial Economics
Long Title:Global Financial Economics
Module Code:ECON8005
 
Duration:1 Semester
Credits: 5
NFQ Level:Advanced
Field of Study: Economics
Valid From: Semester 1 - 2021/22 ( September 2021 )
Module Delivered in 2 programme(s)
Module Coordinator: CAROLINE O REILLY
Module Author: AISLING CONWAY LENIHAN
Module Description: This module analyses aspects of global economic and financial phenomena. It allows learners to appreciate the role and the impact of financial markets on monetary systems and macro-economies.
Learning Outcomes
On successful completion of this module the learner will be able to:
LO1 Analyse various asset classes from a global perspective.
LO2 Assess the impact of the appropriate use of derivatives and hedging strategies.
LO3 Evaluate the role of international financial regulators and rating agencies.
LO4 Critically review aspects of the history of world monetary systems, financial markets, economic shocks and evaluate lessons learnt.
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).

Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.

No requirements listed
 

Module Content & Assessment

Indicative Content
Global Financial Markets
Global perspective on asset classes, indices, currencies, equities, commodities, bonds, interest rates.
Financial Instruments
Decision-making regarding appropriate use of derivatives and hedging strategies.
Rating Agencies and International Financial Regulators
Rating agencies, banking regulation and supervision of financial markets/institutions, financial crises.
Global Monetary Systems and Historical Economic Shocks
Global economic phenomena, evaluation of historic global economic crises, international monetary system and financial institutions.
Assessment Breakdown%
Course Work100.00%
Course Work
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Presentation For Example: Using a poster, highlight and synopsize the impact of derivative use in an asset class and region of your choice 1,2 40.0 Week 6
Essay For Example: Against the background of an historic economic crisis, evaluate (i) the role played by financial institutions and (ii) regulators and/or rating agencies and (iii) appraise the resultant financial impact on the economy of your choice 1,3,4 60.0 Week 13
No End of Module Formal Examination
Reassessment Requirement
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.

The institute reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Delivery of content and material underpinning learning outcomes 3.0 Every Week 3.00
Independent & Directed Learning (Non-contact) Student undertakes independent study including reading relevant course material 4.0 Every Week 4.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Delivery of content and material underpinning learning outcomes 2.0 Every Week 2.00
Independent & Directed Learning (Non-contact) Student undertakes independent study including reading relevant course material 5.0 Every Week 5.00
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 

Module Resources

Recommended Book Resources
  • Ritter, Silber & Udell 2014, Principles of Money, Banking & Financial Markets, 12th Ed., Pearson [ISBN: 9781292042]
Supplementary Book Resources
  • Casu, Girardone, Molyneux 2015, Introduction to Banking, 2nd Ed., Pearson [ISBN: 9780273718130]
  • Bailey, R.E. 2016, The Economics of Financial Markets, Cambridge University Press [ISBN: 9780521612807]
  • Jordan, Miller, Dolvin 2020, Fundamentals of Investments: Valuation and Management, 9th Ed. [ISBN: 9781260570335]
This module does not have any article/paper resources
Other Resources
 

Module Delivered in

Programme Code Programme Semester Delivery
CR_BBUSS_8 Bachelor of Business (Honours) 2 Elective
CR_BIBLA_8 Bachelor of Business (Honours) in International Business with Language 8 Elective

Cork Institute of Technology
Rossa Avenue, Bishopstown, Cork

Tel: 021-4326100     Fax: 021-4545343
Email: help@cit.edu.ie