ECONOMICS OF FINANCIAL MARKETS
COURSE LECTURER: Dr. Roman Raab
TIME & LOCATION:
Lectures: Friday 11-1, DH 0.51
Tutorials: TBA
E-MAIL: r.raab@mngt.keele.ac.uk
OFFICE: CBA 2.026, Chancellor’s Building
OFFICE HOURS: TBA
COURSE DESCRIPTION:
This module provides an overview of financial systems and is designed to equip students with the basic economic concepts necessary to understand the functioning of modern financial systems. It examines the institutional framework that underpins financial markets and the instruments that are traded by financial institutions and enterprises. The module introduces students to the concepts of discounting, investment appraisal, risk, and arbitrage. It provides a foundation for the further study of the theory and practice of financial markets and requires no prior knowledge of the subject of Finance.
ASSESSMENT:
Class test: weighted 30% - 50 minutes
Unseen exam: weighted 70% - 2 hours
TEXTBOOK:
The material for this course is fully covered by the following textbook:
Peter Howells and Keith Bain (2007) Financial Markets and Institutions, Fifth Edition, Prentice Hall edition.
You are advised to purchase a copy for private study and to supplement lecture notes with detailed reading. The textbook is sold at Waterstones bookshop. Four copies of third edition are available in Nuffield library for 3-day loan [HG186 G7H6].
For complementary readings, we will refer to other textbooks available in the library:
Kohn, Meir (2004) Financial Institutions and Markets, second edition, Oxford University Press. [ordered for the library; 1 copy for the main stock, 2 copies for Nuffield Library]
Madura, Jeff (2001) Financial Markets and Institutions, fifth edition, South Western Thomson Learning. [HG173 M2; 1 copy in main stock; 4 copies in Nuffield library]
Mishkin, Frederic S. (2001) The Economics of Money, Banking and Financial Markets,