| Title: | Global Financial Economics |
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| Long Title: | Global Financial Economics |
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| Field of Study: |
Economics
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| Valid From: |
Semester 1 - 2021/22 ( September 2021 ) |
| 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).
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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
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| 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.
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| No requirements listed |
Module Content & Assessment
| Indicative Content |
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Global Financial Markets
Global perspective on asset classes, indices, currencies, equities, commodities, bonds, interest rates.
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Financial Instruments
Decision-making regarding appropriate use of derivatives and hedging strategies.
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Rating Agencies and International Financial Regulators
Rating agencies, banking regulation and supervision of financial markets/institutions, financial crises.
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Global Monetary Systems and Historical Economic Shocks
Global economic phenomena, evaluation of historic global economic crises, international monetary system and financial institutions.
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| Assessment Breakdown | % |
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| Course Work | 100.00% |
| Course Work |
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| 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.
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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 |
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- Ritter, Silber & Udell 2014, Principles of Money, Banking & Financial Markets, 12th Ed., Pearson [ISBN: 9781292042]
| | Supplementary Book Resources |
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- 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 |
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| Other Resources |
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- Website: World Bank
- Website: International Monetary Fund (IMF)
- Website: Moodys Rating Agency
- Website: Fitch Ratings Agency
- Website: Standard & Poor's Rating Agency
- Website: Eurostat
- Website: The Bank of England
- Website: European Central Bnak
- Website: Federal Reserve
- Website: New York Stock Exchange
- Website: Irish Stock Exchange
- Website: London Stock Exchange
- Newspaper: Financial Times
- Newspaper: Wall Street Journal
- Website: The Economist
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Module Delivered in
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